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FDI inflows record 1st decline in 6 yrs in FY19

New Delhi: Foreign direct investment (FDI) in India declined for the first time in the last six years in 2018-19, falling by 1 per cent to US$ 44.37 billion as overseas fund inflows subsided in telecom, pharma and other sectors, official data showed.  According to the latest data of the Department for Promotion of Industry and Internal Trade (DPIIT), FDI …

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Elections over, fuel prices begin to rise

New Delhi: Petrol and diesel prices started rising soon after the last phase of the general election concluded, and have increased by 70-80 paisa per litre in the past nine days. Prices have been on the rise since May 20, a day after the final phase of polling for the Lok Sabha elections ended. The price of petrol has risen …

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Steel demand likely to grow 7% this fiscal, say experts

Kolkata: Buoyed by the Central government’s continued focus on infrastructure projects, India’s steel demand is expected grow by about 7 per cent during the current fiscal, experts said on Tuesday. “The Central government has been focusing on infrastructure projects like Sagarmala, Smart Cities and the new government would stick to its focus. I think steel demand is expected to grow …

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HEAL institute ties up with Nobert’s Fitness Studio

PANAJI: With the gym business in the state fighting fit, Mumbai based HEAL Institute, on Tuesday, announced the launch of its Goa operations in partnership with Norbert’s Fitness Studio. Post tie up with Nobert’s the institute will be offering several of its core services, such as physiotherapy, sports massage, strength, rehabilitation, etc., to Goan clients. A leader in physiotherapy, rehabilitation …

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Commercial flight operations likely to begin at Hindon airport

New Delhi: Commercial flights are likely to start operations from the Hindon airport near Delhi by the end of June as the Ministry of Defence has given all requisite approvals, said a senior official of the Airports Authority of India (AAI). Hindon airport, which is around 40 kms from the Indira Gandhi International Airport in Delhi, belongs to the Indian …

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Hike farmer income support, raise peak tax threshold: Ficci

New Delhi: The recent slowdown in the economy stem not only from slow investment growth and subdued exports but also from weakening growth in consumption demand, industry body Ficci has told the Finance Ministry In a pre-Budget 2019-20 memorandum to the ministry, Ficci has warned of long-term repercussions if the serious concerns on the economy are not addressed urgently. “Indian …

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HC ask RBI to response on plea challenging PayTM

New Delhi: The Delhi High Court on Monday asked Reserve Bank of India to file response on a plea challenging PayTM Post Paid wallet operation stating that it is illegal and unauthorized. A Division Bench headed by Chief Justice Rajendra Menon asked RBI and PayTM payment banks to file reply on the plea and listed the matter for September 3 …

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Buddha Air starts its journey from Kolkata Airport

Kolkata: Buddha Air, one of the leading airline companies of Nepal on Monday started its maiden flight from Kolkata to Kathmandu, an official said. “On its inaugural flight, 56 passengers arrived from Nepal’s capital city Kathmandu by flight number U4 163,” an official statement of Netaji Subhas Chandra Bose International Airport said. Also, 64 passengers departed from Kolkata on flight …

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Hopes of early inclusion of gas, ATF into GST fold brighten

New Delhi: At least two out of five petroleum products, including the aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro products to be included in the GST ahead of an earlier agreed schedule. Sources said that with Modi government again set to take charge of the government at the Centre, …

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Budget may hike farm funds by 30%, raise subsidy: Sources

New Delhi: Continuing its focus on the stressed agriculture sector in the upcoming full Budget in July, the Finance Ministry is likely to increase allocation by a minimum 30 per cent over the interim Budget figures, as well as announce a flagship farmers’ scheme, official sources said on Friday. Sources privy to the budget preparations said, that it may offer …

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