Business, Economy, 17th Aug 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 02:22 PM IST

Business Economy 17 Aug 2017

Business, Economy, 17 Aug 2017

Fixing of minimum wages will not only adversely affect the exports, but lead to a fall in employment generation. (Photo: PTI)

Doubling of minimum wages to hit exports, jobs: AEPC

Minimum wages in the garment industry if doubled to Rs 18,000 per month will jack up costs.

17 Aug 2017 7:01 PM

BSNL on Thursday said it expects revenue from operations for 2016-17 to be flat at Rs 28,477 crore.

BSNL eyes annual revenue of Rs 28,477 crore despite 'tough' year

The audited numbers and board approvals are expected by end November or early December.

17 Aug 2017 5:53 PM

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

Forex reserve may cross USD 400-bn mark by first week of Sept

Forex reserves have been rising with a total accretion of USD 4.389 billion to the kitty since July 14, 2017.

17 Aug 2017 5:17 PM

Import of American crude oil has opened new vistas for India-US relationship. (Representational Image)

Import of American crude oil to open 'new vistas' in India-US relation

Consignments of American crude oil left the US shores between August 6-14 and is likely to reach India in late September.

17 Aug 2017 4:09 PM

The appointments of top officials to solve many problems faced by nationalised banks. (Photo: PTI/File)

No more lobbying in public sector bank appointments: Govt

Two big issues that Indian public sector banks grapple with are high NPAs and inadequate systemic safeguards.

17 Aug 2017 3:43 PM

The Reserve Bank still has room to cut the key policy rate in the current fiscal, said veteran banker Naina Lal Kidwai.

RBI rate cut 'not good enough', more room for reduction: Naina Lal Kidwai

RBI's 0.25 per cent rate cut was the first in 10 months and brought policy rates to near 7-year low.

17 Aug 2017 2:39 PM

India's weight in the MSCI Emerging market index is expected to rise in the coming years, said a Morgan Stanley report.

India's growing GDP will push up its weight in MSCI EM index: Morgan

The report said that the gap between index weight and GDP rank is likely to keep closing.

17 Aug 2017 1:48 PM

UIDAI offers the option to ‘Verify Email/Mobile Number'.

Verify your Aadhaar mobile number, email ID in 7 easy steps

With the help of this we can verify which of our mail IDs or mobile numbers are registered with our Aadhaar numbers.

17 Aug 2017 1:22 PM

Private sector and public sector banks have been cutting interest rates on savings account across the country. Photo: PTI

7 banks that cut interest rate on savings account

State Bank of India was first to slash interest rate, followed by other public and private lenders.

17 Aug 2017 11:53 AM

The government on Wednesday fixed a price range for knee implants from Rs 54,000 to Rs 1.14 lakh. (Representational Image)

Govt cuts MRP of knee implants sharply, prices down by 70 per cent

The move came in the wake of private hospitals reportedly charging exorbitant rates for knee implant surgeries.

17 Aug 2017 10:18 AM

The inter-ministerial group constituted to suggest measures to ease the financial stress in the telecom sector is likely to meet on Friday.

Inter-ministerial group likely to discuss telecom sector stress on Friday

The final recommendations of the group will be placed before Telecom Commission and ultimately before Cabinet.

17 Aug 2017 9:50 AM

RBI said farmers can avail of short-term crop loans of up to Rs 3 lakh at subsidised interest rate of 7 per cent. Photo: PTI

Crop loans at 7 per cent for farmers, 4 per cent for 'prompt' payees: RBI

RBI advised banks to make Aadhaar linkage mandatory for availing of short-term crop loans in 2017-18.

17 Aug 2017 9:35 AM

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Mohan Guruswamy