Monday , 27 May 2019
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Business

Retreating oil prices: opportunity to put back reforms on course

D M DESHPANDE At last oil prices have fallen in the world markets; what a sigh of relief this is for both the Government and the citizens in India! With Brent crude slipping to a little over $60 a barrel, oil has seen a correction of 30% since the time it had touched $86 a barrel just last month beginning. ... Read More »

RBI Governor appears before parliamentary panel

PTI   NEW DELHI RBI Governor Urjit Patel Tuesday appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said. Patel was earlier scheduled to appear before the panel on November 12. Source said issues related to November 2016 demonetisation of old Rs 500/1000 notes, reforms in the RBI, ... Read More »

Govt, RBI should have dialogue to address problems on economy: Naidu

PTI   NEW DELHI In apparent reference to the recent spat between the government and the Reserve Bank, Vice President M Venkaiah Naidu Tuesday said there should be a regular dialogue between the two in the boardroom to arrive at solutions to address problems affecting economy. Referring to the issue of liquidity crunch, Naidu said the problem was because few ... Read More »

Corporation Bank donates for Kerala flood relief

PANAJI: Corporation Bank donated Rs 3.18 crores to the government of Kerala in support of relief efforts following the devastating floods that had affected the state earlier this year. Jai Kumar Garg, managing director and chief executive officer, handed over the cheque to Pinarayi Vijayan, chief minister, Kerala. Employees of the bank have volunteered and collected funds for the donation ... Read More »

Customer awareness prog in life insurance held

NT NETWORK   PANAJI With an aim to increase clientele, Exide Life Insurance organised a customer awareness programme recently for the Goa market. Through interactive sessions, audio-visuals and paper-pencil exercises, participants were enlightened on future financial needs and the importance of insurance. Commenting on the initiative, Mohit Goel, director, marketing and direct Channel, Exide Life Insurance, said, “We believe it ... Read More »

Govt to raise target for ethanol blending of petrol, says Modi

IANS   NEW DELHI The government intends to further increase the target level for the Ethanol Blended Petrol (EBP) programme that aims to bring down India’s imports of petroleum products, as also provide cleaner fuel, Prime MInister Narendra Modi said on Thursday. State-run oil marketing companies (OMCs) currently implement the EBP programme with the annual target of 5 per cent ... Read More »

Oct domestic air passenger traffic up 13%

NEW DELHI India’s domestic air passenger traffic grew by 13.34 per cent in October, official data showed on Thursday. According to the Directorate General of Civil Aviation (DGCA), 1.18 crore passengers were ferried by domestic airlines during the month under review, up from 1.045 crore reported during the corresponding month of 2017. As per the data, passenger traffic during the ... Read More »

ECONOMIC SCAN

New ERTIGA available at all Chowgule showrooms PANAJI: The NextGen ERTIGA available across Chowgule showrooms is on display at all Goa showrooms. The all new #NextGen ERTIGA is based on 5th generation Heartect platform and is powered by all new K15 petrol engine powered with progressive Smart hybrid technology with lithium ion battery delivering 13% more power, 6% increase in ... Read More »

Modi to launch city gas projects to cover India’s 50% population

IANS   NEW DELHI Prime Minister Narendra Modi will lay the foundation stone here on Thursday for city gas distribution (CGD) projects across 129 districts which won under the ninth CGD bidding round held recently, the Petroleum Ministry said. At each of the geographical areas (GA) across 19 states in India, the authorised entities would also hold their event locally, ... Read More »

IoT spending in Asia-Pacific up 12% in 2018

IANS   NEW DELHI The average annual spend on Internet of Things (IoT) among enterprises in the Asia-Pacific region reached $4.8 million, up 12 per cent from 2017, shows a new report on Wednesday. Globally, the average annual spend on IoT increased four per cent year-over-year, showed the findings of the “Intelligent Enterprise Index” report released by Zebra Technologies, a ... Read More »