Arun Jaitley On Economy : India to be third largest economy by 2030

New Delhi : Finance Minister Arun Jaitley on Saturday said India is expected to become the third largest economy in the world by 2030 with GDP touching USD 10 trillion, helped by consumption and investment growth. Currently, the size of the Indian economy is about USD 2.9 trillion, he said while addressing students of the […]

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Rupee slips 22 paise against US dollar in early trade

New Delhi :The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks. At the interbank foreign exchange market, the rupee opened lower at 69.32 and weakened further to 69.37 to the US dollar. However, […]

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Early trade : Rupee slips 24 paise to 69.78 against USD in early trade

New Delhi : The rupee fell 24 paise to 69.78 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks and rising crude oil prices. Forex dealers said, strengthening of the American currency in overseas market weighed on the domestic currency. However, sustained foreign fund inflows and […]

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Jaitley said : India needs fewer and mega banks

New Delhi : Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of […]

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Rupee gains 9 paise against dollar in early trade

New Delhi : Rising for the fifth straight day, the rupee firmed up by another 9 paise to 71.22 against the dollar in opening trade Monday on increased selling of the American currency by exporters amid foreign fund inflows. Forex dealers said weakness in the dollar against some other currencies overseas and foreign capital inflows […]

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Rupee gains 8 paise to 71.49 vs USD in early trade

New Delhi :The rupee Wednesday appreciated by 8 paise to 71.49 in early trade on the forex market amid positive opening in domestic equities and fresh foreign fund inflows. Forex traders said investors were cautious ahead RBI’s Monetary Policy Committee outcome scheduled for February 7. Moreover, rising crude prices capped the gains for the domestic […]

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Poor have the first right over nation’s resources: FM

New Delhi :Pitching for bridging urban-rural divide, Finance Minister Piyush Goyal Friday said the country’s poor have the first right over nation’s resources. Presenting the budget for 2019-20 in the Lok Sabha, Goyal said, “We plan to provide urban facilities in rural areas while preserving ‘soul of village’.” He further said the government has worked […]

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Rupee slips 25 paise to 71.36 vs USD in early trade

New Delhi:The rupee depreciated by 25 paise to 71.36 against the US dollar in early trade Wednesday amid strengthening of the American currency and rising crude prices. Forex traders said strengthening of the US dollar against some currencies overseas and sustained foreign fund outflows weighed on the local unit. However, fresh foreign fund inflows and […]

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Petrol Prices Hit 2018 Lows diesel rates at lowest since March

MUMBAI: In yet another respite to the vehicle users, Petrol prices were slashed on Tuesday across while diesel prices were at their lowest since March. According to Indian Oil Corporation, petrol today costs Rs 72.41 in Chennai, Rs 71.89 in Kolkata and Rs 70.35 in Bengaluru. A litre of diesel, on the other hand, costs Rs 67.38 […]

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Shaktikanta Das appointed new RBI governor

Day after Urjit Patel quit from the RBI governor’s post citing personal reasons, the Modi Government appointed Shaktikanta Das the Governor of the Reserve Bank of India. FM Arun Jaitley also welcomed Das’s appointment as the RBI top boss. He is a 1980 batch IAS officer from Tamil Nadu cadre. Das, who retired as Secretary, Department of Economic […]

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