Tuesday , 21 May 2019
TRENDING NOW

Business

Govt hikes ethanol price by Rs 2.85 per litre

PTI NEW DELHI The government today hiked the price of ethanol produced from C-molasses by Rs 2.85 per litre to Rs 43.70 for the new season starting December 2018, according to sources. For the first time, the government has also fixed the price of ethanol produced from B-molasses at Rs 47.49 per litre. So far, the price was only fixed ... Read More »

ECONOMIC SCAN

IndiaFirst Life Insurance ties-up with Oxigen Services MUMBAI: IndiaFirst Life Insurance Company Limited, a joint venture between Bank of Baroda, Andhra Bank and Legal and General (UK), has announced its tie-up with Oxigen Services India Pvt. Ltd., to establish distribution of its insurance products at Oxigen retail outlets. R M Vishakha, MD and CEO, IndiaFirst Life Insurance, said, “IndiaFirst Life ... Read More »

Water Stressed India Needs Quick Action On The Ground

Dr D M Deshpande The Niti Aayog has released it’s Composite Water Management Index for Indian states recently. Irrespective of who has topped or who are the laggard states, the overall scenario is scary, to say the least. It also really does not matter to go in to the details of the methodology used, it’s efficacy etc. at this point ... Read More »

State-run banks hopeful of getting out of RBI’s watchlist by 2020

PTI   NEW DELHI Eleven public sector banks that are under the RBI’s watchlist for mounting bad loans today expressed confidence before a parliamentary committee that these would emerge out of the central bank’s Prompt Corrective Action (PCA) framework by 2020, sources said. Concerns were also raised about the “stagnation in lending operations” of state-owned banks during the meeting of ... Read More »

More women in labour force can boost India’s GDP

PTI KOLKATA India has one of the largest opportunities in the world to boost GDP by increasing women’s participation in the labour force, which presently stands at “only 25 per cent”, a report by McKinsey World Institute said. The contribution of women to India’s GDP is 18 per cent, one of the lowest proportions in the world, said the report, ... Read More »

Cement output to grow at 6%, but margin pressure to continue

PTI   MUMBAI Domestic cement production is expected to grow at 6 per cent this fiscal, however, rising input costs are likely to put pressure on the operating profitability of cement companies in the coming quarters, according to rating agency Icra. On the capacity side, it expects around 1922 million tonnes per annum to get added in FY2019, primarily in ... Read More »

‘Mutual funds in state is driven by remittances from non-resident Goans’

NT NETWORK   PANAJI Investments in mutual funds in Goa is being driven by remittances from non-resident Goans, according to officials of DSP Blackrock Mutual Fund. On Monday, Rohit Singhania, co –head, equities, DSP Blackrock, speaking to the media said that, while mining shutdown has a considerable impact on investment potential of the residents, the NRI remittances that flow into ... Read More »

‘India wants AIIB investments’

IANS   MUMBAI Terming India “a sweet spot where the rule of law prevails”, Finance Minister Piyush Goyal said here on Monday the country wants investments in nine projects from the China-based Asian Infrastructure Investment Bank (AIIB). Speaking to the media, Goyal said India has already picked up alsmost 28 per cent – or $1.4 billion – AIIB’s total lendings, ... Read More »

Cooperatives need of the hour for social harmony: Naidu

NEW DELHI Asserting that caste has no relevance today, Vice President M Venkaiah Naidu said cooperatives are the need of the hour for creating social harmony when caste, creed and religion are trying to dominate the minds of people. He stressed that character, calibre, capacity and conduct are important in public life even as he rued that some people are ... Read More »

India should double its global exports share: Modi

IANS   NEW DELHI Prime Minister Narendra Modi on Friday called for India to more than double its share in global exports from the current 1.6 per cent to 3.4 per cent. Speaking after laying the foundation stone of Vanijya Bhawan, a new office complex for the department of Commerce, here, he said the Department must resolve to raise India’s ... Read More »