BUSINESS-HIGHLIGHTS

BUSINESS-HIGHLIGHTS

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PRI COM ECO ESPL
.NEWDELHI DCM62
BUSINESS-HIGHLIGHTS

New Delhi, Nov 30 (PTI) Following are the business news highlights as on 1840 hours today:
New Delhi: The Indian economy grew at 7.3 per cent in the September quarter of current fiscal, up from 7.1 per cent in the previous three months, mainly on improved performance of manufacturing, services and trade sectors. (DEL 43) New Delhi: Infrastructure sector recorded a growth rate of 6.6 per cent in October — the highest in last six months — on the back of impressive performance by steel and refinery products. (DEL 39)
New Delhi: Fiscal deficit in the first seven months of 2016-17 reached the Rs 4.23 lakh crore mark, or 79.3 per cent of the budget estimate (BE) for the whole year. (DEL 29) New Delhi: Finance Minister Arun Jaitley today hit out at Delhi Chief Minister Arvind Kejriwal for making “factually incorrect” statements on the proposed changes in the Income Tax Law saying the steeper penalties proposed on black money deposits are in addition to 200 per cent provision for misreporting of income. (DEL 23)
New Delhi: It is now mandatory for all NGOs and voluntary organisations (VOs) to register with NITI Aayog to receive grant-in-aid from ministries or departments of the central government, Parliament was informed today. (DEL 20) New Delhi: Nobel Laureate Amartya Sen has called Modi government’s demonetisation move “despotic action that has struck at the root of economy based on trust.” (DEL 15) New Delhi: JD-U leader Sharad Yadav, whose party leader Nitish Kumar has welcomed demonetisation, today joined the rest of the Opposition in Rajya Sabha in attacking government on hardships arising out of the ban on high denomination currency notes. (DEL 11)
Mumbai: To check the misuse of Jan Dhan accounts by black money hoarders, Reserve Bank has restricted the withdrawal from such accounts to Rs 10,000 per month. (DEL 5) New Delhi: Maximum complaints for telecom services have been received against Vodafone, Bharti Airtel and Reliance Communications in the last three years and till October 2016, Telecom Minister Manoj Sinha said in Parliament today.(DCM 60) New Delhi, Nov 30 (PTI) Foreign direct investment in the telecom sector rose to USD 10 billion during the first eight months of 2016-17 helped by policy reforms, Telecom Secretary J S Deepak said today. (DCM 50)
New Delhi, Nov 30 (PTI) Competition Commission has approved the merger of Bharatiya Mahila Bank with the country’s largest lender State Bank of India (SBI). (DCM 49) New Delhi: The central government ministries and departments have been asked to analyse the World Bank’s latest report on ease of doing business, Parliament was informed today. (DCM 44)
New Delhi: Government today said it is strictly adhering to Supreme Court’s order that production of Aadhaar Card will not be a condition for citizens to obtain any benefit due to them. (DCM 43)
New Delhi: With insolvency professional agencies getting registered, the Insolvency and Bankruptcy Code will become operational from tomorrow. (DCM 36)
New Delhi: India will see an investment of about USD 20 billion in gas field development in the next 5-7 years and is looking to boost usage of the green fuel and double consumption, Oil Minister Dharmendra Pradhan said today. (DCM 27)
Hyderabad: Indian IT companies need to spread wings in markets such as China and Japan, and embrace new-generation technology-driven services quickly to fight slowdown blues and stay ahead of the curve, says industry veteran Kris Gopalakrishnan. (BCM 11)
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