by PTI News | Mar 15, 2022 | 10:56 am | Economy, News
Singapore, Mar 15 (PTI) The Myanmar government intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India, following the Southeast Asian country's agreement this month to deal in Thai baht with neighbours and the kyat-baht initiative for border trade with China. "The Myanmar government intends to [...]
by PTI News | Mar 14, 2022 | 10:54 pm | Economy, News
New Delhi, Mar 14 (PTI) The government on Monday widened the meaning of 'Real estate business' under the foreign direct investment (FDI) policy which now includes dealing in land and immovable property to earn profit. According to a Press Note of the Department for Promotion of Industry and Internal Trade (DPIIT), it is clarified that [...]
by PTI News | Mar 14, 2022 | 10:40 pm | Economy, News
Islamabad, Mar 14 (PTI) Pakistan is staring at a potential shortage of diesel as the country is left with only five days of diesel stocks after oil prices in the international market spiralled to USD 112 per barrel following Russia’s military offensive in Ukraine last month, according to a media report on Monday. According to [...]
by PTI News | Mar 14, 2022 | 10:30 pm | Economy, IPO, News
New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow up to 20 per cent foreign direct investment (FDI) in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer. The Union Cabinet had last month approved the decision [...]
by PTI News | Mar 14, 2022 | 9:47 pm | Economy, News
Mumbai, Mar 14 (PTI) House economists at the nation's largest lender SBI have forecast more pain for the rupee if the ongoing Ukraine war lingers, plumbing to a new low of 77.5 to a dollar by June and marginally improving to 77 by end-December. They also said the current account deficit (CAD) will be at [...]
by PTI News | Mar 14, 2022 | 8:26 pm | Economy, News
New Delhi, Mar 14 (PTI) The CBI has filed an FIR against Cethar Limited and its Chairman K Subburaj and Managing Director N K Pothiraj for allegedly cheating Canara Bank to the tune of Rs 163 crore in loan defaults, officials said on Monday.The company started operating in 1981 in Tiruchirappalli, Tamil Nadu and is [...]
by PTI News | Mar 14, 2022 | 8:24 pm | Economy, News
New Delhi, Mar 14 (PTI) Retail inflation hit an eight-month high of 6.07 per cent in February, remaining above the RBI's comfort level for the second month in a row, while wholesale price-based inflation soared to 13.11 per cent on account of hardening of crude oil and non-food item prices, government data showed on Monday. [...]
by PTI News | Mar 14, 2022 | 7:30 pm | Commodities, Economy, Foreign Exchange and Rupee Price, News
Washington/Moscow, Mar 14 (PTI) Russia may face a "deep recession," IMF chief Kristalina Georgieva has said, as she warned that the impact of the "unprecedented" Western sanctions on Moscow for its military aggression against Ukraine will be "quite severe" for the Russian economy.IMF's Managing Director Georgieva also said that a Russian sovereign default is no [...]
by PTI News | Mar 14, 2022 | 7:19 pm | Economy, News
New Delhi, Mar 14 (PTI) Oil Minister Hardeep Singh Puri on Monday slammed Congress leader Rahul Gandhi for his comments asking consumers to tank up in preparation for an imminent hike in petrol and diesel prices, saying that one statement led to "hoarding" of 20 per cent fuel. Replying to supplementaries during Question Hour, Puri [...]
by PTI News | Mar 14, 2022 | 7:08 pm | Economy, News
Bengaluru, Mar 14 (PTI) Karnataka Minister for IT-BT C N Ashwath Narayan on Monday launched India's first digital water data bank ‘AQVERIUM’, formed by AquaKraft Group Ventures. Launching the digital startup of the company that is headquartered here, the minister said this is a unique innovation combining sustainable and green technologies along with information technology, [...]
