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ECONOMY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

GST to make exports more competitive, says Nirmala  -   23/03/2017 14:46
I mplementation of GST, the new indirect tax regime, would help remove barriers between the states and make exports more competitive, Commerce and Industry Minister Nirmala Sitharaman said. "GST (Goods and Services Tax) gives a feeling that market in India is one now and there are no barriers between regions or provinces. "Even within the country, the value chains which will get integrated, will hav...
RBI sets rupee reference rate at 65.4220 against dollar  -   23/03/2017 14:14
T he Reserve Bank of India today fixed the reference rate of the rupee at 65.4220against the US dollar and 70.6688 for the euro. The corresponding rates were 65.4881 and 70.7206, previously. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.8495 and 58.81 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at...
RBI inks info exchange pact with Thailand  -   23/03/2017 14:00
T he Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Thailand. The MoU was signed by Dr Veerathai Santhiprabhob, Governor on behalf of Bank of Thailand and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India, RBI said in a notification. The Reserve Bank has entered into Memorandam o...
Coir Board implements Mahila Coir Yojana for women  -   23/03/2017 12:33
T he Coir Board is implementing Mahila Coir Yojana (MCY) for women empowerment by providing training and distribution of coir processing equipments, said Giriraj Singh, Minister of State for MSME. In a written reply to a question in Rajya Sabha, the Minister of State for MSME, Giriraj Singh said that, “The Coir Board is implementing Mahila Coir Yojana (MCY) exclusively for empowering women in the co...
Govt may table 4 GST bills in Parliament today: Meghwal  -   23/03/2017 12:17
T he government may table four GST supplementary legislations in Parliament today, a union minister said as per the PTI report "We can do it today as well. A meeting on GST will be chaired by Finance Minister Arun Jaitley today," Minister of State for Finance Arjun Ram Meghwal said when asked about tabling of the four GST bills in the Lok Sabha. The Cabinet on Monday cleared the four GST related bills...
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