Business, Economy, 6th Aug 2017, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 04:44 AM IST

Business Economy 06 Aug 2017

Business, Economy, 06 Aug 2017

The government has cleared setting up of a greenfield electronics manufacturing cluster in Telangana with a total project cost of Rs 437 crore, an official source said. (Representational Image)

Govt nods Rs 437-crore electronics cluster project in Telangana

Under EMC, central government provides assistance of up to 50 per cent of project with some conditions.

06 Aug 2017 6:45 PM

With the external value of the Indian rupee superseding its internal strength despite lower inflation, the resultant mismatch and the continuing trend is hurting exporters, said ASSOCHAM.

Difference between values of rupee hurting exporters: ASSOCHAM

The external value of the Indian rupee has been superseding its internal strength despite lower inflation.

06 Aug 2017 5:50 PM

Switzerland found India's data security and confidentiality laws "adequate" for entering into an automatic exchange of information pact.

India's data security laws strong for banking info exchange: Swiss govt

The information exchange implementation is currently planned for 2018 and the first set of data should be exchanged in 2019.

06 Aug 2017 5:35 PM

FPIs pump in Rs 5,000-crore in debt markets aided by a stable rupee

However, in view of higher stock valuations amid surging markets, FPIs pulled out more than Rs 1,500 crore from equities.

06 Aug 2017 4:40 PM

Union Minister Nitin Gadkari has said that once Chabahar Port in Iran becomes operational, there will be no looking back as it will be a gateway to golden opportunities.

Gadkari calls Chabahar Port a 'gateway' of 'golden opportunities' for India

Gadkari said Chabahar will not only boost ties between Iran and India but will link India to Afghanistan and then Russia.

06 Aug 2017 3:59 PM

Foodgrain output in the ongoing 2017-18 kharif season is likely to surpass last year's record of 138.04 million tonnes.

India to produce record level kharif crop in 2017-18

Agriculture Secretary Shobhana K Pattanayak said the overall acreage for all pulses is higher, except tur.

06 Aug 2017 3:38 PM

The Telecom Regulatory Authority of India (Trai) is calling major speed test apps for a presentation to "understand" their methodology.

Trai calls internet speed testing apps to 'understand' methodology

The exercise is expected to culminate into a 'paper' that will be placed in the public domain in the coming months.

06 Aug 2017 2:48 PM

The Railways has earned an additional revenue of Rs 540 crore in less than a year through the flexi fare scheme.

Flexi fares to continue as they earn Railways additional Rs 540 crore

The scheme, launched on September 9, 2016, is applicable in Rajdhani, Shatabdi and Duronto trains.

06 Aug 2017 2:13 PM

There is no need for central government employees to visit banks to start pension as their copy of the Pension Payment Order (PPO) will be handed over to them at the time of retirement.(Representational Image)

Govt staff to get PPO on last day, don't need to visit banks to start pension

It has happened earlier that pensioner's copy of PPO has not been handed over to him, often getting lost during transit to banks.

06 Aug 2017 1:23 PM

The government is closely monitoring daily price variations in over two dozen essential commodities, said CBEC Chairperson Vanaja Sarna.

Govt monitoring price changes post GST, 'nothing untoward' noticed

GST unified 17 different levies including central excise, service tax and VAT and there were apprehensions of initial hiccups.

06 Aug 2017 1:02 PM

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

Dialysis, cancer treatment services, pacemakers to cost more under GST

The Ministry of Health has also appointed a nodal officer for the GST and is working to disseminate information to all stakeholders.

06 Aug 2017 12:13 PM

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Dilip Cherian