Category archives for: Business

RBI likely to hold interest rate at monetary policy review

Mumbai: With the annual retail inflation rate breaching the five per cent mark in December and going over the RBI’s median level of four per cent, the central bank is widely expected of keep its key interest rate on hold for the fourth time in succession at its final bi-monthly monetary policy review of 2017-18 slated […]

Only 3% corporate workers concerned about health: Assocham

New Delhi: Despite the increase in lifestyle diseases, only three per cent workers in the corporate sector are worried about their health, a survey by Assocham released on Monday said. People are not concerned about their health as “the majority of it (them) is hardly able to spare resources beyond meeting their daily needs and (due […]

‘RBI shouldn’t hike rate for fear of Budget stoking inflation’

New Delhi: The RBI should refrain from raising interest rates owing to concerns about inflation being stoked by the pro-farm sector proposals of the budget 2018-19, industry chamber Assocham said on Sunday ahead of the central bank’s final bi-monthly monetary policy review of the fiscal slated for the next week. Presenting the Union Budget for the […]

Tea production up by 9.47% in December 2017

India’s tea production in December 2017 stood at 70.06 million kg, up by 9.47 per cent from the 64 million kg produced in the year-ago month, according to Tea Board India data. The increase of 6.06 million kg in the last month of 2017 was mainly due to the rise in production in north India, […]

Budget: Excise cuts have no effect on fuel prices, disappoints industry

New Delhi: With the strategic petroleum sector still outside the GST regime, petrol and diesel were among the few other items that figured among the part on indirect taxes in the last full budget just presented by Finance Minster Arun Jaitley before the 2019 general elections. Even as the Union Budget 2018-19 proposed levy of road […]

Sony names CFO Kenichiro Yoshida as President

Tokyo: Japanese multinational company Sony on Friday announced that its Chief Financial Officer (CFO) Kenichiro Yoshida will take over as President and CEO from Kazuo Hirai, who will be the company’s new chairman. The appointment of Yoshida, 58, will be effective from April 1 the company said, adding that Hirai himself had proposed Yoshida’s name […]

India’s GDP growth fell to 7.1% in 2016-17 from 8.2% in 2015-16

In line with the earlier official estimate of the country’s GDP growth in the last fiscal, India’s gross domestic product during 2016-17 grew at 7.1 per cent, Central Statistics Office (CSO) data showed on Wednesday. According to the CSO’s first revised estimates of national income released on the eve of the Union BUdget for the […]

GDP estimates witness surge for 2016-17

The Central Statistics Office (CSO) on Wednesday estimated the Gross Domestic Product (GDP) at Rs. 152.54 lakh crore for 2016-17 as compared to Rs. 137.64 lakh crore in 2015-16. Notifying the revised income, it stated that the real GDP or GDP at constant (2011-12) prices for the years 2016-17 and 2015-16 stands at Rs. 121.96 […]

Eight core sectors registered four percent growth in Dec ’17

New Delhi : The combined Index of Eight Core Industries for the month of December 2017 saw a four percent hike as compared to the index of December, 2016. The index, which registered a cumulative growth of four percent during April to December 2017, stood at 129.1, as per data released by the Ministry of […]

Govt. committed to growth, development: Bibek Debroy

The Chairman of the Economic Advisory Council Dr. Bibek Debroy said on Monday that the Economic Survey reflects the government’s commitment to both growth and development. Highlighting the optimistic outlook of the economy as reflected in the survey, he said the emphasis on women’s empowerment is a welcome step. This year’s Economic Survey estimated a […]

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