Business

October 7, 2015 6:13 PM

Economic growth set to slow in Sub-Saharan Africa to 3.7%

Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year, its weakest pace since 2009, mainly due to the drop in commodity prices.According to World Bank report the region's economy, which grew 4.6 percent last year, will strengthen only marginally in the next two years...

October 7, 2015 8:33 AM

China cautiously welcomes Pacific Rim free trade deal

China has cautiously welcomed a free trade deal struck between 12 Pacific Rim countries, the biggest in decades. The US-led Trans-Pacific Partnership (TPP) cuts trade tariffs and sets common standards in member-countries including Japan and the US. China said it was "open to any mechanism&a...

October 7, 2015 8:30 AM

Govt working to resolve cane arrears issue: Rajnath

Home Minister Rajnath Singh has said, government is working on a solution to ensure that cash-starved mills make timely payments of over 12,200 crore rupees dues to farmers. Speaking at the 80 birth anniversary of Bharat Kisan Union founder Mahendra Singh Tikait in New Delhi, Mr Singh said, sugarcan...

October 7, 2015 8:28 AM

Govt makes registration procedure for all MSMEs enterprises simpler

Government has made the registration procedure for all micro, small and medium enterprises (MSMEs) simpler. MSME Ministry has come out with a one-page Udyog Aadhaar Memorandum for the registration to promote ease of doing business. Addressing a press conference in New Delhi, Minister for MSME Kalraj...

October 7, 2015 8:22 AM

India's economic growth to grow at 7.5%, faster than China: IMF

International Monetary Fund, IMF, has projected the economic growth rate of 7.5 percent for India in 2016 as against China's 6.3 percent. In its latest World Economic Outlook Update, IMF said growth in India is expected to rise above the rates in other major emerging market economies. It al...

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