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The IAI was formed in 2006, and thereafter it became a statutory body under an Act of Parliament, on the lines of ICAI, ICSI and ICWAI. The IAI conducts exams for actuaries. It also trains actuaries.Business
Number of actuaries to touch 480 in FY19

The Institute of Actuaries of India (IAI) estimates that the number of qualified actuaries will reach 480 by this...

28 May 2019 1:59 AM IST

Cement segment, which is witnessing consolidation - last fiscal, had signed acquisitions of Rs 32,000 crore last fiscal.Business
Cement prices going north

Cement production was higher by around 13 per cent YoY in FY19, up from 6 per cent YoY growth in FY2018.

28 May 2019 1:51 AM IST

Cement offtake has continued to remain weak in H1 FY2018 because of factors such as weak real estate activity.Business
Cement-makers shine in low-key earnings season

As the incremental demand is now higher than the incremental capacity added, cement-makers are adding more capacities.

28 May 2019 1:47 AM IST

Construction sector is major contributor to GDP growth. (Photo: PTI)Business
Ind-Ra expects FY19 GDP growth at 6.9 pc, lower than CSO estimate

The GDP growth was 7.2 per cent during 2017-18.

27 May 2019 3:36 PM IST

Air cargo volumes have recorded declines as unresolved disputes and the imposition of trade tariffs led to a marked slowdown in international trade flows. (Photo: ANI)Business
Moderate growth in air passenger markets, but further decline in cargo...

AAPA showed continued growth in international air passenger markets supported by ongoing expansion in the global...

27 May 2019 1:06 PM IST

Rajya Sabha MP Swapan Dasgupta tweeted that he met Arun Jaitley on Sunday afternoon and presented a copy of his book to Mr Jaitley. In another tweet, he said, \Actually he is off all medication now. Just recovering his strength and working as usual.\Business
Reports on Arun Jaitley's health baseless: Government

Rajya Sabha MP Swapan Dasgupta tweeted that he met Jaitley on Sunday afternoon and presented a copy of his book to him.

27 May 2019 3:35 AM IST

Interestingly, the Rubber Board, meanwhile, has set a target of raising domestic production to nine lakh tonne in 2019-2020.Business
Natural rubber price sees a rising trend

Given the bright price prospects, rubber production in the next year's peak season, may go up even further.

27 May 2019 3:28 AM IST

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)Business
Niti Aayog for revamp of Indian statistical system

The government has set a disinvestment target of Rs 90,000 crore for 2019-20.

26 May 2019 2:03 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.Business
COAI urges new govt to ease telecom sector's financial woes, review...

The industry also wants the government to look at making spectrum prices more affordable.

26 May 2019 11:29 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.Business
FPIs pull out Rs 4,375 crore in May so far

FPIs withdrew a net sum of Rs 2,048 cr from equities and Rs 2,309.86 cr from the debt market.

26 May 2019 11:21 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.Business
Single authority for sanctioning, processing GST refunds likely by...

A single window tax refund in a federal, democratic economy would be a massive jump in ease of doing business.

26 May 2019 11:16 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.Business
FinMin to launch ETF with bank stocks, fin institutions this fiscal

Govt is looking at diversifying the ETF basket by including stocks public sector banks and financial institutions.

26 May 2019 10:35 AM IST

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