Rupee hits 71 mark: Read how it may impact you

Decoding the reason behind this free fall, here is why it's bad for the economy, and at the same good.

from Economy-News-The Economic Times https://ift.tt/2wui5NP
via

As rupee rains woes, importers run for cover

The rupee touched a record low at 70.86 to the dollar on Thursday amid strong month-end demand for the US currency in both onshore and offshore markets.

from Economy-News-The Economic Times https://ift.tt/2opjdOc
via

Malaysia takes India to WTO's safeguard committee on solar duty

Earlier this month, India had imposed safeguard duty of up to 25 per cent on solar cells imports from China and Malaysia for two years to protect domestic players from steep rise in inbound shipments.

from Economy-News-The Economic Times https://ift.tt/2LFrDud
via

NBFC-MFIs post over 50 per cent year-on-year growth in Q1 FY19

Overall microfinance industry has grown by 39 per cent year-on-year in April-June quarter of the fiscal and total size of the microfinance industry stands at Rs 1,48,097 crore, the MFIN said.

from Economy-News-The Economic Times https://ift.tt/2N8ftyQ
via

Demonetisation reduced cash transactions, says Niti Aayog VC

As per the RBI Annual Report released yesterday, 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes were returned to the banking system.

from Economy-News-The Economic Times https://ift.tt/2oou8HU
via

Public cooperative model need of the hour: RBI director Satish Marathe

Similarly, the Niti Aayog should give priority to the co-operative sector in the its policies, Satish Marathe said.

from Economy-News-The Economic Times https://ift.tt/2PROxBV
via

Demonetisation led to more tax collection, higher growth: Arun Jaitley

Finance Minister Arun Jaitley said the Reserve Bank has twice released its reports stating that the demonetised notes Rs 500 and Rs 1,000 have been substantially deposited in the banks.

from Economy-News-The Economic Times https://ift.tt/2Nxg0ah
via

Economy to grow by 7.6pc in Q1 on favourable base effect: Report

The major push to growth is likely to come from the manufacturing and the services sector while agricultural growth is also likely to be supportive, the report added.

from Economy-News-The Economic Times https://ift.tt/2Nuk6Qr
via

Government starts countervailing duty probe on a Chinese synthetic rubber

The move is aimed at guarding domestic players from the increase in imports that are subsidised by the neighbouring nation.

from Economy-News-The Economic Times https://ift.tt/2N4uRfi
via

Indenting firms challenge IGST levy on export services

The petitioners have challenged the Constitutional validity of Section 13(8) (b) of the IGST Act which deems the place of supply for “intermediary” services to be in India.

from Economy-News-The Economic Times https://ift.tt/2LDM7TX
via

Punjab plans to cut pesticides use in basmati rice

Punjab Agriculture University has already recommended alternatives to these five pesticides and fungicides.

from Economy-News-The Economic Times https://ift.tt/2NxEiBd
via

Tough time ahead for India at meet on mega free-trade agreement

At the key trade ministers’ meeting, Prabhu will convey India’s position as conveyed by PM Narendra Modi who had set up a four-member ministerial group to tackle the issue.

from Economy-News-The Economic Times https://ift.tt/2NznMAG
via

40km elevated road among options to link Jewar with IGI

Now the Authority is in the process of floating an e-tender to rope in a new consultant to conduct a feasibility study on multiple transport modes.

from Economy-News-The Economic Times https://ift.tt/2Pl4Kyt
via

Onion, potato & tomato output drops slightly in 2017-18

However, the overall production of vegetables is estimated to be higher by one per cent to 179.7 MT over the previous year.

from Economy-News-The Economic Times https://ift.tt/2wpqylm
via

Cash is back in the system with a bang

Currency in circulation is at Rs 19.38 lakh crore, higher than pre-demonetisation levels.

from Economy-News-The Economic Times https://ift.tt/2NwclcS
via

RBI may soon do away with MCLR

Bankers say a review is immiment as MCLR system has not reflected changes in rates.

from Economy-News-The Economic Times https://ift.tt/2C8HC4y
via

RBI promises to analyse liquidity management

The central bank has also decided to conduct an analysis of the investment cycle. Its outcome could well usher policy makers to frame investor friendly policies.

from Economy-News-The Economic Times https://ift.tt/2BYQjxY
via

RBI panel to study feasibility of digital currency

Digital currency, backed by an asset such as gold or fiat is known as stable coin –– whose value is not as volatile as cryptocurrencies like bitcoin or ethereum.

from Economy-News-The Economic Times https://ift.tt/2BWofeA
via

Singapore RCEP meet: 'India not defensive, China slowing talks'

It is China’s refusal to offer deep duty concessions to South Korea and Japan and differences within Asean countries that have slowed progress. “India is not defensive.

from Economy-News-The Economic Times https://ift.tt/2PKmgwS
via

Gold import scheme: UPA-2 role under lens

What has caught the attention of the investigators in the latest probe is that all six representations were from Tamil Nadu and were identical in every respect – language, format and nature of demand.

from Economy-News-The Economic Times https://ift.tt/2N3aQWD
via