Business, Economy, 22nd Aug 2017, News & Stories from India

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Business Economy 22 Aug 2017

Business, Economy, 22 Aug 2017

The inter-ministerial group setup to look into financial woes of telcos may suggest increasing the time for deferred spectrum payment to 16 years. Photo: PTI

IMG may advise increasing time for deferred spectrum payment to 16 years

The IMG, which comprises senior officials from ministries of finance and communications, last met on August 11.

22 Aug 2017 9:07 PM

The government has implemented new rules for buying power from grid-linked solar power projects. (Representational Image)

Govt implements new rules for buying solar power

These norms will reduce off-takers' risks, encourage investments, enhance bankability of projects and improve profitability.

22 Aug 2017 8:43 PM

Mutual fund houses saw a surge of over 40 lakh investor accounts during the first four months of this fiscal.

MFs add 40 lakh folios in Apr-Jul on strong retail interest

Folios are numbers designated to individual investor accounts, though one investor can have multiple accounts.

22 Aug 2017 8:04 PM

Prime Minister Narendra Modi addresses young CEOs at Niti Aayog's Champions of Change program.

Modi urges young CEOs to be 'soldiers of prosperous India'

The Prime Minister called these young entrepreneurs a 'part of his team' to fulfil his dream of a 'cashless India 2022'.

22 Aug 2017 7:06 PM

The rating agency expects GDP to rise by 6.1 per cent in year-on-year terms in the first quarter.

GVA growth to slow to 6.3 per cent in Q1, weighed by GST

CPI inflation eased to 2.2 per cent in April-June period from 5.7 per cent in Q1 FY17

22 Aug 2017 5:13 PM

Banking activities were severely impacted on Tuesday in Telangana and Andhra Pradesh as 11,000 bank branches went on strike. Photo: PTI/ Representational

Bank strike: Operations across 11,000 branches suffer in AP, Telangana

The strike call was given by all unions under the aegis of UFBU to protest against government's 'consolidation' move.

22 Aug 2017 4:24 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Arun Jaitley-led panel takes note of economic headwinds

Council in its 17th meeting also took note of progress of Financial Sector Assessment Programme for India.

22 Aug 2017 4:09 PM

Investor confidence in India's growth story continues to be strong with both foreign as well as domestic players tapping into opportunities here.

April-June quarter sees PE investments of USD 6.3 billion: report

April-June quarter saw 61 deals worth around USD 2.8 billion n comparison to 58 deals worth around USD 3.2 billion.

22 Aug 2017 12:51 PM

The Indian Banks' Association had already informed customers that functioning of branches and offices may take a hit if the strike takes off. (Photo: PTI/File)

PSU bank employees go on strike; services hit

The strike has been called by all unions under the aegis of the United Forum of Bank Unions (UFBU).

22 Aug 2017 11:06 AM

Niti Aayog outgoing Vice-Chairman Arvind Panagariya.

Create well-paid, productive jobs: Panagariya to young CEOs

India's private sector needs to come forward to create well-paid and highly productive jobs.

22 Aug 2017 10:11 AM

FDI equity inflow in manufacturing sector grew by 31 per cent to USD 4.19 billion during April-June this fiscal.

FDI jumps 37 per cent to $10.4 billion during April-June 2017

According to the figures of DIPP, India had received USD 7.59 billion FDI during April-June 2016-17.

22 Aug 2017 10:02 AM

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Sunil Gatade