Friday , 19 October 2018
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Business

Railways to export six DMU train sets to Sri Lanka

IANS NEW DELHI Indian Railways is all set to establish its footprint in Sri Lanka with the export of six DMU (diesel multiple units) train sets consisting of 78 modern coaches worth Rs 600 crore. The first DMU train set comprising 13 coaches will be shipped out to the island nation in September while the rest will follow by year-end, ... Read More »

ECONOMIC SCAN

VPK Urban Co-op Credit Society celebrates silver jubilee PANAJI: VPK Urban Co-op Credit Society Ltd which was registered on June 30,  1993 completed 25 years of its journey. On the occasion the society held a get-together of their all staff and pigmy agents at gram panchayat hall, Mardol. Ashok Gaude managing director VPK Urban Coop Society briefed about the progress and ... Read More »

Hiking MSP Alone Will Not Solve Farm Crisis Problem

Dr D M Deshpande As was widely expected the Government has hiked MSP (Minimum Support Price) for 14 crops, in a move which will be seen as a precursor to elections to a few important states to be followed by general elections next year. Apparently, the increase is substantial, over 50% of the input costs, as promised in the budget ... Read More »

GST council to take call on sugar cess on July 21

UNI LUCKNOW The proposed next meeting of Goods and Services Tax (GST) Council scheduled on July 21 is likely to take up the issue of 3 per cent cess on sugar. In its last meet on June 4, the Council had constituted a Group of Ministers (GOM) and authorised it to take the final call on the matter. The new ... Read More »

Dollar strengthens as trade war fears fade

REUTERS LONDON The Chinese yuan rebounded and the dollar strengthened broadly on Monday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum. As the second quarter corporate earnings season begins, investors appear to be ignoring the deepening conflict between the United States and China over trade. Instead the focus is on decent ... Read More »

Iran vows to sell as much oil as it can in face of US sanctions

REUTERS LONDON Iran’s vice president acknowledged on Tuesday that US sanctions would hurt the economy, but promised to “sell as much oil as we can” and protect banking. Eshaq Jahangiri said Washington was trying to stop Iran’s petrochemical, steel and copper exports. “America seeks to reduce Iran’s oil sales, our vital source of income, to zero,” he said, according to ... Read More »

Sharif, his daughter will be arrested on their arrival

PTI   Lahore Ousted prime minister Nawaz Sharif and his daughter Maryam Nawaz will be arrested on their arrival at any airport in Pakistan as they have been convicted in a corruption case, a senior minister said Monday. Maryam Sunday shared her flight details to return to Pakistan with media persons. She said she will reach at Lahore airport on ... Read More »

Samsung to make India a global export hub: Modi

IANS   NOIDA South Korean tech giant Samsung’s largest global mobile factory in Noida will not only generate more jobs but also make India a global export hub, Prime Minister Narendra Modi said on Monday. Inaugurating the new facility spread over 129,000 sq metres at Sector 81 here, Modi said Samsung will export 30 per cent of the handsets made ... Read More »

‘Long-term infrastructure bond could be worked out’

IANS   KOLKATA Union Finance Minister Piyush Goyal said on Monday a long-term infrastructure bond could be worked out to ensure better cash flow to projects. “On Saturday, I called up a meeting with the senior official of one of the largest banks. I was actually suggesting him — why don’t you come up with a long-term infra development bond… ... Read More »

ECONOMIC SCAN

3-day training on jackfruit cultivation PANAJI: The 3-day training programme on ‘jack fruit cultivation and value addition’ will be held from July 10 to July 12 from 10 am to 4 pm at ICAR, training hall, Old Goa. The programme is organised by the women’s wing of GCCI in association with ICAR, Krishi Vigyan Kendra (KVK). The programme will include different ... Read More »