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Finance


Exports bounce back, grow 17.86% to $26.9 b in October

India’s goods export throwback in October posting a 17.86 percent year-on-year growth to $26.98 billion boosted by an increase in shipments of petroleum products, chemicals, pharmaceuticals, and engineering goods. Imports in the month increased from 17.62 percent to $44.11 billion widening the trade deficit to $17.13 billion compared to $14.61 billion last October, according to …

Uber India to launch fuel price index to boost drivers’ income

Leading cab aggregator Uber India said that it will be rolling out a national fuel price index to correlate the drivers’ earnings with altered in the fuel prices. The new incentive will be first launched in Mumbai. The drivers of popular cab aggregators Ola and Uber went on a 12-day strike in October due to …

Center is eyeing RBI reserves to fund ‘electoral lollipops’. Krishnan

The Congress alleged the Centre is planning to “loot” the RBI’s reserve as the elections are coming. Terming the move as “demonetization phase-2” the Opposition party regulated the Narendra Modi government is coercing the RBI to pay a special dividend of ₹3.6 lakh crore, equal to nearly 40 percent of the reserves accumulated over decades. …

Real estate sales to go up by 9-12% this festive season

The real estate sales anticipated going up by 9-12 percent in Q4, 2018 (Festive season quarter) as against Q3, 2018. “However, the ongoing liquidity crisis in Indian real estate could, to some extent, play spoilsport for developers this festive season,” proposed Anuj Puri, Chairman – Antirock Property Consultants. According to Puri, it is still too …

Rafale deal Centre says procurement procedure ‘completely followed’

The Defence Procurement Procedure was “completely followed” in the procurement of 36 Rafale fighter jets from France and the deal was apparently approved by the Cabinet Committee on Security (CCS), the Centre informed the Supreme Court on Monday. The Centre’s stand was reflected in a document given to the court, which had asked the government …

National Programme for Education of Girls at Elementary Level (NPEGEL), Government of India

Description There exists a significant gender space in enrolment at the elementary level, which is more acute for scheduled caste and scheduled tribe girls, for whom the gender gap is almost 30% at the primary level and 26% at the upper primary stage. The lower of this gender gap has now plateaued and the further …

Nearly 260 Scientists Apply For Government Scheme For Foreign Research And Development Talent

The Centre’s ambitious scheme to attract top international talent in the country’s research and development ecosystem has collected an enthusiastic response with nearly 260 global scientists filing applications, of whom 70 would be shortlisted, a senior official said. Department of Science and Technology Secretary Ashutosh Sharma said the screening of the applicants will start this …

New Government Scheme Okayed To Provide Cash During Job Lossdf

Taking cognizance of lack of long-term jobs, the Ministry of Labour and Employment on Wednesday said it has rolled out a scheme to financially help those who lost their jobs even as it relaxed norms for its other benefits. The Employees’ State Insurance Corporation (ESIC), in its 175th meeting on Tuesday here, approved ‘Atal BimitVyakti …

Petition against Hinduja brothersSC dismisses CBI plea in Bofors case, cites inordinate delay

The Supreme Court on Friday refused to entertain the CBI’s Special Leave Petition problem May 31, 2005, Delhi High Court order quashing charges against the Hinduja brothers in the Bofors case, citing “inordinate delay”, A bench of Chief Justice of India Ranjan Gogoi and Justices K M Joseph and Hemant Gupta said, “We are not convinced with …

mukya mabtri

Department of Social Welfare of Government of Bihar launchedMukhya Mantri SanwasinVivahAnudan Yojana. Under this scheme government grants financial assistance to those girls who stay in government-run homes and who have reached the age of marriage and whose parents and caste identities are unknown. Objectives: To overcome the social concerns against women due to their living …

Moody’s changes rating outlook on Tata Motors to negative

Moody’s Investors Service on Wednesday altered Tata Motors’ rating outlook to negative from stable, citing expectations of the weak operating performance of the company’s British arm Jaguar Land Rover (JLR). The rating agency has also confirmed that the ‘corporate family rating’ and the company’s senior unsecured instruments ratings at Ba2, which is considered to be …

8 Indian startups secure $30 mn commitments from Chinese investors

Eight Indian startups managed to acquire funding commitments to the tune of $ 30 million at the 2nd Startup India Investment Seminar held at Beijing. The event was organized to expose Chinese venture capitalists and investors to the promising Indian startups and also help Indian startups to reach out to the large Chinese investors for …