Business, Economy, 1st Nov 2017, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 05:33 AM IST

Business Economy 01 Nov 2017

Business, Economy, 01 Nov 2017

The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business index. (Photo: PTI)

Centre to implement 200 reforms to push India's 'ease of doing biz' rank to 50

India on Tuesday jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking.

01 Nov 2017 7:39 PM

India has set up a panel headed by Finance Minister Arun Jaitley to evaluate proposals for mergers among state-run banks. (Photo: PTI)

Centre sets up panel headed by Jaitley to oversee state banks' merger

India has 21 public sector banks, which account for more than two-thirds of the country’s banking assets.

01 Nov 2017 7:09 PM

Car makers reported single digit growth in domestic passenger vehicle sales in October with festive season purchases remaining largely muted. (File Photo)

Car sales disappoint in October as festive season demand remains muted

Maruti Suzuki India (MSI) said its domestic were at 1,36,000 units, up 9.9 per cent from 1,23,764 in October last year.

01 Nov 2017 6:53 PM

Improvement in ease of doing business is "extremely relevant" and will promote private investment, growth and job creation, former Economic Affairs Secretary Shaktikanta Das said on Wednesday. (File Photo)

India's 'ease of doing biz' rank to help in growth, job creation: Shaktikanta Das

India on Tuesday ranked 100 on the World Bank's 'ease of doing business' index aided by a slew of reforms.

01 Nov 2017 5:21 PM

A ban on petroleum coke around New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel. (Photo: AFP)

Indian petcoke ban to boost coal imports amid already tight market

The country’s environmentalists are trying to stop imports of petroleum coke to curb pollution.

01 Nov 2017 4:43 PM

Finance Minister Arun Jaitley said the ease of corruption has now been replaced with ease of doing business in India. (File Photo)

Jaitley claims ease of doing business replaces ease of corruption

As per the World Bank's 'ease of doing business' index, India is one of the 10 improvers worldwide.

01 Nov 2017 4:17 PM

DIPP Secretary Ramesh Abhishek (Photo: Twitter)

Govt to implement 200 reforms to push India into top 50 in WB ranking: DIPP

India on Tuesday jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking.

01 Nov 2017 4:10 PM

A Nomura report pegged India's current account deficit (CAD) for this financial year at around USD 40 billion, or 1.5 per cent of GDP.

India's current account deficit to be 1.5 per cent of GDP this fiscal: Nomura

CAD refers to the difference between inflow and outflow of foreign exchange that has a bearing on the exchange rate.

01 Nov 2017 3:56 PM

Prices of subsidised LPG cylinders on Wednesday were hiked by Rs 4.6 per cylinder. (File Photo)

Prices of non-subsidised LPG cylinders hiked by Rs 93-94

The government had asked state-run oil companies to increase subsidised LPG prices by Rs 4 per cylinder every month.

01 Nov 2017 2:50 PM

The Union Cabinet on Wednesday gave its ex-post facto approval to the trade agreement between India and Ethiopia.

Cabinet gives ex-post facto approval for India-Ethiopia trade pact

The pact was signed on October 5 during the state visit of the president of India to Ethiopia.

01 Nov 2017 2:19 PM

India on Monday jumped 30 places to rank 100 on the World Bank's 'ease of doing business' list. (Photo: PTI)

A look at how India made it to top 100 economies on 'ease of doing business' list

Despite worrying economic parameters, India jumped 30 places to rank 100 on World Bank's list.

01 Nov 2017 1:55 PM

GST reform that did not get considered this year will drive India's improvement in the next year's assessment.

GST will further boost India's ranking in 'ease of doing business'

Bankers and experts have expressed hope that GST will strengthen the country's position in future.

01 Nov 2017 11:40 AM

October manufacturing PMI data comes in sharp contrast to the robust show by India on World Bank's Ease of Doing Business ranking.

India manufacturing PMI 'stagnates' in October

Nikkei India Manufacturing Purchasing Managers' Index fell to 50.3 in October, from 51.2 in September.

01 Nov 2017 11:27 AM

The growth in the eight core sectors during April-September this fiscal slowed down to 3.3 per cent as against 5.4 per cent in the same period last fiscal.

Infra output grows 5.2 per cent in September

The expansion in September is highest since April, when the core sectors’ growth stood at 2.6 per cent.

01 Nov 2017 5:05 AM

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Dilip Cherian