Business, Economy, 27th Mar 2019, News & Stories from India

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Business Economy 27 Mar 2019

Business, Economy, 27 Mar 2019

Amitabh Kant also said the cooperative federations must get the best price for their farmers. Without this, it will be difficult for farmers to double their income, he added. (Photo: File)

Changes in APEDA Act, Essential Commodities Act required to help farmers: Kant

Changes required to help farmers get better prices of their produce, said Niti Aayog CEO Amitabh Kant.

27 Mar 2019 7:29 PM

"The expansion in gas distribution networks is likely to increase gas consumption over the medium-to-long term, although industrial demand is likely to remain highly sensitive to prices," Fitch said.

City gas distribution rights to help oil marketing firms diversify: Fitch

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two areas.

27 Mar 2019 7:08 PM

Discoms, MSEDCL said, are not given any login facility on the website and "power generators are uploading the due amount on this website including the disputed amounts under litigation". (Representational Image)

Maharashtra says has no dues towards private power producers

MSEDCL says dues reflecting on a government portal are

27 Mar 2019 6:57 PM

Forex traders said increased demand for the US currency from importers weighed on the rupee.

Rupee settles marginally lower at 68.88 vs US dollar

Sustained foreign fund inflows and easing crude oil prices cushioned the Rupee fall.

27 Mar 2019 6:37 PM

India is seeking greater market access for various agricultural products, animal feeds, oil seeds, milk and milk products, pharmaceuticals in light of the potential of these products/services in the Chinese market. (Representational Image)

Commerce min calls meeting of stakeholders on increasing exports to China on Apr 5

Trade deficit with China increased to USD 63.12 billion in 2017-18 from USD 51.11 billion in 2016-17.

27 Mar 2019 6:30 PM

This agreement for exchange of CbC reports, along with the Bilateral Competent Authority Arrangement, will enable both the countries to automatically exchange CbC reports filed by the ultimate parent entities of multinational enterprises (MNEs) in the respective jurisdictions, pertaining to the years commencing on or after January 1, 2016, a Finance Ministry statement said.

India-US sign pact for exchange of reports to check tax evasion by MNCs

The agreement was signed by Central Board of Direct Taxes Chairman PC Mody and US' ambassador to India Kenneth Juster.

27 Mar 2019 4:29 PM

On outlook for housing sector, the report said the supply-demand scenario is expected to improve and unsold inventory levels are likely to decline further. (Representational Image)

Realty market to grow in 2019; to add 200 mn sq ft space this yr: CBRE

Affordable housing will drive supply and demand, backed by several government reforms, said the report.

27 Mar 2019 2:33 PM

Congress president Rahul Gandhi had on Tuesday stated that Raghuram Rajan was among top economists that his party had consulted to draft its minimum income guarantee scheme. (Photo: File | PTI)

Raghuram Rajan says he will return if there is an opportunity to be of use

Speculation in political circles is that Rajan may be a choice for finance minister if opposition grand alliance wins general election.

27 Mar 2019 2:12 PM

During the month, China produced 70.98 MT crude steel as against 65.02 MT, a jump of 9.2 per cent during same month a year ago. (Representational image)

India produces 8.74 MT crude steel in February: Worldsteel

The US produced 6.9 MT of crude steel, a rise of 4.6 per cent as compared with February 2018, the report said.

27 Mar 2019 1:54 PM

Global yields have declined in recent weeks, dragged down by the US Federal Reserve's recent dovish pivot.

Positive catalysts to benefit rupee bonds, but sharp rally in 10-year bonds unlikely

FPIs bought a net debt of USD 1.6 billion this month, in addition to USD 4 billion into equities.

27 Mar 2019 11:12 AM

The central bank has bought Rs 3 lakh crore of bonds this fiscal to support the market.

RBI buys USD 5 billion through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

27 Mar 2019 9:05 AM

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Shobhaa De