GDP growth estimated to slow down in Q1 of current fiscal

GDP growth estimated to slow down in Q1 of current fiscal

Economic growth slows to 7% in April-June quarter

Growth in the country's GDP slowed to 7 per cent in the first quarter of the current fiscal, from 7.5 per cent in the last quarter of the previous fiscal. GDP growth slowed due to a deceleration in the farm, services and manufacturing sectors. GDP had grown 6.7 per cent in the year-ago quar...

Centre releases Rs 2,000 crore for Employees' Pension Scheme

Centre has released 2,000 crore rupees to Employees' Pension Scheme (EPS) as its contribution for the year 2015-16. An official release issued by the Labour Ministry said, this contribution is in addition to the Rs 250 crore contributed by the government as grant-in-aid in the EPS, for prov...

Infra sector growth slows to 1.1% in July

Growth of the country's infrastructure sector slowed to a 3-month low of 1.1 per cent in July, as the output of crude oil, natural gas and steel contracted. The eight core sectors, which contribute about 38 per cent to the overall industrial production, had grown at 4.1 per cent in July las...

US extends anti-dumping duty on Indian preserved mushrooms for 5 years

The United States has extended the anti-dumping duty on Indian preserved mushrooms for another five years. An official in Delhi has confirmed that the US International Trade Commission has extended the restrictive duty on the Indian commodity for five years. The move is likely to impact domestic exp...

MMTC floats tender for import of 10000 tonnes of onion

State-owned MMTC has invited bids for import of 10,000 tonnes of onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check prices.This is the second tender MMTC has floated.The government has started importing onions as retail prices have shot up to 80 rupee...

RBI asks financial entities to be ready to comply with FATCA

RBI has asked all banks and financial institutions to be prepared for the implementation of Foreign Account Tax Compliance Act - FATCA. In a notification yesterday, RBI said that India has signed an agreement with US for improving international tax compliance apart from a multi-lateral agreement to ...

RBI to remain focused on bringing down inflation says Governor Raghuram Rajan

Forex exchange reserves up by $ 920.6 mn to $ 355.35 bn