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Madhusudan Sahoo Page-5

Finally, this resulted in the mad rush among the people for 'cover' and they came forward in big numbers to buy expiring LIC products.

LIC mops up over Rs 1,380 crore in a day

The hefty collection came to the insurer for a reason.

10 Dec 2019 1:25 AM

Anticipating a ‘bailout option’ from the government to save the company from closure, Vodafone Idea Chairman Kumar Mangalam Birla said on Friday there is no sense that good money should follow bad money. (Photo: File)

Voda Idea to shut down if no relief comes: Kumar Mangalam Birla

Vodafone Idea shares fell over 5 per cent on Friday, spooked by Birla’s comments. The stock slumped 5.34 per cent at Rs 6.92.

07 Dec 2019 1:38 AM

RBI rubs it in, says no respite from price rise

Shaktikanta Das says vegetable prices should soften by early February 2020.

06 Dec 2019 2:17 AM

The government’s move comes after a public hue and cry over a controversy involving WhatsApp (Representional Image)

New personal data law has stiff fines

Companies liable to pay Rs 15 cr for major violations, Cabinet gives nod.

05 Dec 2019 7:09 AM

For last over a month or so, both domestic and international rating agencies had cut the gross domestic product or GDP growth forecast, ranging between 6.2 and 4.7 per cent this financial year.

Growth falls to 4.5 per cent in Q2, lowest in 6 years

The Narendra Modi government recently took several measures to boost investments and bolster economic growth.

30 Nov 2019 3:12 AM

Consumer Affairs Ministry data says onion is selling at Rs 76 per kg in Delhi, Rs 92 in Mumbai, Rs 100 in Kolkata and Rs 80 per kg in Chennai.

Onion 2.0: Price surges to Rs 120/kg; Centre gives up

As part of measure to arrest rising prices of the kitchen staple, the government is learnt to have extended the ban on onion exports indefinitely.

29 Nov 2019 2:36 AM

Despite the export ban, onion prices refused to come down, rather it spiked during October and November on limited onion supply, especially in Maharash-tra, the country’s biggest producer.

Onion to remain a tear-jerker, govt sees 26 per cent fall in output

Onion production in kharif and late-kharif seasons of 2019-20 is estimated to fall 26 per cent to 52.06 lakh tonne.

20 Nov 2019 3:39 AM

The average number of risk management officials engaged in an Indian bank is estimated at less than one per cent of total payrolls against the global average of 3 per cent-plus.

Dearth of risk management professionals raises concern

In a competitive world where businesses are rewarded for high growth, the risk management often takes the back seat.

19 Nov 2019 3:45 AM

Citing that the government steps do not address the widespread weakness in consumption demand in the country, Moody’s said, “We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018.”

Moody’s cuts GDP growth forecast to 5.6 per cent for this fiscal

Moody’s had on October 10 cut India’s economic growth forecast for 2019-20 fiscal to 5.8 per cent from an earlier estimate of 6.2 per cent.

15 Nov 2019 2:24 AM

In yet another blow to the Indian economy after Moody’s downgrade, two reports — by the State Bank of India and Singapore’s DBS Bank — on Tuesday raised concerns over the slowdown in economic growth.

SBI, DBS signal growth rate set to dip further

The SBI research report was, however, hopeful that the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

13 Nov 2019 3:29 AM

Moody’s also affirmed India’s local-currency senior unsecured rating and other short-term local-currency rating.

Moody’s cuts India credit rating outlook to negative

The fundamentals of the economy remain quite robust with inflation under check and bond yields low.

09 Nov 2019 3:37 AM

Onion prices have gone up to Rs 70-100, up by 40-50 per cent per kg in several mandis.

Govt relaxes rules as onion hits Rs 80 a kg

Even after assurance from the Centre on the supply issue, many cities have been witnessing sky-rocking prices of the bulb in several mandis.

07 Nov 2019 4:50 AM

India, which has raised some tariffs under Prime Minister Narendra Modi, has long been the main holdout on an RCEP deal due to strong domestic opposition from several quarters over fears of Chinese goods flooding the country.

RCEP: Make it or break it

RCEP is a proposed free trade agreement between the 10-member states of the Asean and its six FTA partners.

03 Nov 2019 5:21 AM

India jumps 14 places in ease of doing biz

India also ranked Number One in South Asia. India went up ahead by 23 and 30 places, respectively, in the past two years.

25 Oct 2019 1:39 AM

India has a share of four per cent in the global seed market. The Indian seed market had a value of $3.6 billion in 2017, exhibiting a compounded annual growth rate (CAGR) of about 17 per cent during 2010-2017.

Tap seeds used in tribal, hilly areas: Study

The Indian seed market is dominated by maize, cotton, paddy, wheat, sorghum, sunflower and millets.

24 Oct 2019 1:38 AM

Economics Nobel Prize winner Abhijit Banerjee at a press conference, in New Delhi on Tuesday. (Photo: Biplab Banerjee)

Abhijit Banerjee urges Centre to cut stakes in PSU banks

He urged government to bring in important and aggressive changes to deal with banking crisis in the sector.

23 Oct 2019 2:29 AM

Government decides to sell 11 PSUs

MTNL, Bhel, ITDC’s Ashok Hotel in Delhi up for disinvestment.

23 Oct 2019 2:12 AM

Trade Promotion Council of India Chairman Mohit Singla said there is a definite sign of manufacturing slowing down owing to the sluggish market demand, which has taken a hit at export.

Centre mulls export booster

Also, industrial output declined by 1.1 per cent in August due to poor performance by manufacturing, power generation and mining sectors.

19 Oct 2019 2:12 AM

The Finance Ministry is also mulling to re-look at the most contentious Financial Resolution and Deposit Insurance (FRDI) Bill, a year after it was withdrawn by the government following a huge public outcry against controversial bail-in clause, which led to many depositors prematurely cancelling their bank deposits.

Centre plans new FRDI Bill, hike in deposit insurance

The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances.

18 Oct 2019 2:26 AM

Violation of this would attract strict action with exemplary punishment.

CVC orders rotation of key insurance officials

Besides, the Commission has also warned officers against receiving from clients costly gifts and undue benefits in the ongoing festive season.

05 Oct 2019 1:47 AM

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Saeed Naqvi