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December 19, 2015 9:30 AM
United States has lifted a 40-year ban on oil exports, marking a historic shift for the booming US oil industry. Senator Heidi Heitkamp of oil-rich Nork Dakota said that lifting the ban is good for consumers, economy, national and energy security. She also said that by opening up US crude oil to the...
December 19, 2015 8:55 AM
Reserve Bank of India, RBI, has launched the quarterly 'Inflation Expectations Survey of Households' for December 2015. Making the announcement Friday, the RBI said that results of the survey will provide useful inputs to policy formulation. The RBI has been regularly conducting th...
December 19, 2015 8:14 AM
The US Congress has passed a legislation approving long-pending quota reform of the International Monetary Fund, IMF, that will give more voting rights to emerging economies like India and China in the functioning of the organisation. The IMF Quota and Governance Reform - will marginally reduce the ...
December 19, 2015 8:01 AM
The Employees' State Insurance Corporation, ESIC, has decided to extend the coverage of the ESI scheme to the entire country. Sources said, the decision to this effect was taken at a meeting of ESIC Chaired by Labour Minister Bandaru Dattatreya. At present, the ESI scheme is being implement...
December 19, 2015 7:49 AM
World Bank has said that India became the largest remittances receiving country at 72 billion US dollars this year followed by China at 64 billion US dollars. The US emerged as the largest remittance source country with an estimated 56 billion US dollars in outward flows in 2014. In outward flow, th...
December 18, 2015 9:07 PM
The Employees' State Insurance Corporation (ESIC) has decided to extend the coverage of the ESI scheme to the entire country. Sources said, the decision to this effect was taken at a meeting of ESIC chaired by Labour Minister Bandaru Dattatreya. At present, the ESI scheme is being implement...
December 18, 2015 6:19 PM
India will contribute 5 Lakh US dollars to the United Nations annual Emergency Response Fund, ERF, to support global humanitarian relief operations. India had contributed equal amount in 2014 as well.First Secretary in the Indian Mission to the UN, Abhishek Singh said in New York Thursday, India has...
December 18, 2015 6:15 PM
The government today lowered its growth forecast for the current fiscal year to 7-7.5 percent from 8.1-8.5 percent estimated in February. The revision comes after Asia's third-largest economy grew 7.2 percent in the first half of the 2015-16 fiscal year.In its mid-year economic review prese...
December 18, 2015 6:12 PM
Reserve Bank of India, RBI, has said that all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds. In a press release, the RBI said that apart from helping borrowers reap the benefit of lower rates, the step would also...
December 18, 2015 6:11 PM
Chief Economic Adviser Arvind Subramanian today said inflation has moderated considerably, rupee has been stable and rural wages and Minimum Support Prices are seeing moderation. Briefing media in New Delhi, Mr Subramanian said, GDP growth would be between seven to seven and a half percent. Expressi...
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Last Updated: 15th May 2026
