Business

July 17, 2015 9:12 AM

ADB cuts Asia growth forecast for 2015 and 2016

Asia's developing economies will not expand at the rate expected because of slower than forecast growth in US and China, the Asian Development Bank economist Joe Zveglich announced in Manila. For China alone, full annual growth for 2015 is now estimated at seven percent, down from 7.2 perce...

July 17, 2015 9:11 AM

DB cuts Asia growth forecast for 2015 and 2016

Asia's developing economies will not expand at the rate expected because of slower than forecast growth in US and China, the Asian Development Bank economist Joe Zveglich announced in Manila. For China alone, full annual growth for 2015 is now estimated at seven percent, down from 7.2 perce...

July 17, 2015 7:35 AM

RBI asks banks to meet farm credit limit amid weather concerns

Reserve Bank of India (RBI) has directed banks to ensure that their overall direct lending to farmers should not fall below the average of last three years. In a notification issued from Mumbai, the RBI said that the government has expressed concerns over adverse impact of any reduction in direct cr...

July 16, 2015 10:07 PM

RBI asks banks to meet farm credit limit amid weather concerns

The Reserve Bank of India ( RBI ) has directed banks to ensure that their overall direct lending to farmers should not fall below the average of last three years. In a notification issued from Mumbai today, the RBI has said that the government has expressed concerns over adverse impact of any reduct...

July 16, 2015 8:49 PM

Government introduces composite foreign investment cap

The Government today introduced a concept of composite cap for all kinds of overseas inflows including through FDI, FII and NRI routes. Mentioning that the concept of composite caps has been introduced for simplification of foreign investment norms, Finance Minister Arun Jaitley said that from now o...

July 16, 2015 6:26 PM

Govt gives nod to foreign investment composite cap

The Government today introduced a concept of composite cap for all kinds of overseas inflows including through FDI, FII and NRI routes. Mentioning that the concept of composite caps has been introduced for simplification of foreign investment norms, Finance Minister Arun Jaitley said that from now o...

July 16, 2015 5:41 PM

RBI asks public to refrain from writing on banknotes

Reserve Bank today asked the public not to write on the watermark window of bank notes as it bears an important security feature which differentiates it from a fake note. RBI said in a notification that any defacement on the window will not allow the common man to identify one of the features of a g...

July 16, 2015 3:39 PM

Cabinet gives nod to foreign investment composite cap

In a bid to streamline the FDI structure, the government today introduced a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits. Briefing reporters after the Cabinet meeting, Finance Minister Arun Jaitley said that from now onwards, all FIIs, NRIs...

July 16, 2015 7:55 AM

Petrol, diesel prices cut by Rs 2; but VAT spanner in Delhi

Prices of petrol and diesel have been reduced by two rupees a litre. The new rates came into effect midnight last night. Now, petrol will cost 66 rupees 90 paise per litre in Delhi, 71 rupees 57 paise in Kolkata, 71 rupees 97 paise in Mumbai and 67 rupees 29 paise in Chennai. For Diesel, consumer wi...

July 15, 2015 9:46 PM

Delhi govt hikes petrol price by Rs 2.78, diesel by Rs 1.83 per litre

Petrol price was today hiked by 2 rupees 78 paise per litre and diesel by 1 rupee 83 paise in the national capital as Delhi government has decided to increase the VAT on the two products. The new rate will come into effect from mid night tonight. The VAT rate on petrol has been increased from presen...

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