Business, Economy, 4th Sep 2017, News & Stories from India

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Business Economy 04 Sep 2017

Business, Economy, 04 Sep 2017

Crisil on Monday lowered its growth forecast to 7 per cent for fiscal 2018. Photo: AP

Crisil slashes GDP forecast to 7 per cent in FY18 on GST hiccups

This year will see some more headwinds in the form of GST related disruptions.

04 Sep 2017 7:09 PM

The Reserve Bank is likely to stay on hold in its policy review meet in October, said Nomura.

RBI may not cut rates even after disappointing GDP data: Nomura

RBI may instead focus on banking resolution and liquidity management, despite June quarter 'disappointing' GDP data.

04 Sep 2017 6:02 PM

This is how the new Rs 200 note looks. Photo:Twitter| @ANI

Here's why you will not get Rs 200 notes at ATMs for another 3 months

The RBI on August 25 rolled out Rs 200 notes to address the crisis of low value currencies.

04 Sep 2017 5:16 PM

The labour ministry will continue consultations with all stakeholders on policy issues, said Union Minister Santosh Gangwar.

Labour ministry to consult all stakeholders on policy issues: Gangwar

Gangwar said the ministry will continue to hold tripartite consultations, involving government, unions and industry.

04 Sep 2017 4:42 PM

ONGC will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of government's stake in HPCL.

ONGC to raise Rs 25,000 crore to fund acquisition of HPCL

ONGC has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of 51.11 per cent stake in HPCL.

04 Sep 2017 4:32 PM

India, China and three other members of the BRICS group pledged to exchange tax information to address the problem of tax evasion. Photo: AP

BRICS countries pledge to exchange info to tackle tax evasion

The members nations will work for promoting a more equitable, pro-growth and efficient international tax environment.

04 Sep 2017 4:12 PM

How Urjit Patel's first year as RBI Governor panned out

Patel joined the central bank at a time when India was taking steady steps as a fast-growing economy under Prime Minister Narendra Modi.

04 Sep 2017 3:13 PM

Xi Jinping, Chinese President, said China will provide $76 million for a BRICS economic and technology cooperation plan. Photo: PTI

China to provide USD 76 million for BRICS economic and technology cooperation

President Xi Jinping said China will contribute $4 million for the New Development Bank (NDB) setup by the BRICS countries.

04 Sep 2017 2:31 PM

Oil Minister Dharmendra Pradhan on Monday said the daily revision in petrol and diesel prices will continue.

Daily revision of petrol prices to continue despite hike in charges

Oil Minister Dharmendra Pradhan said daily revision of fuel prices is in the best interest of the consumers.

04 Sep 2017 1:31 PM

Union commerce and industry minister Suresh Prabhu.

Suresh Prabhu takes office as Minister of Commerce and Industry

Suresh Prabhu will be replacing Nirmala Sitharaman who was elevated to the position of Defence Minister.

04 Sep 2017 12:09 PM

RBI was not asked to decide on note ban: Raghuram Rajan

Rajan, in his book 'I Do What I Do', said he had cautioned the government about the ill impacts of demonetisation.

04 Sep 2017 11:22 AM

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Sunil Gatade