Economy - The Purbottar

01 Nov

The “One Nation, One Fertiliser”

editor0 CommentsEconomy

The “One Nation, One Fertiliser” theme or Pradhan Mantri Bhartiya Jan Urvarak Pariyojana was launched by the Central Government. This is the most important plant food initiative enforced by the Indian Government until date. below the theme, all kinds of fertilizers, whether or not carbamide, DAP or NPK, are going to be oversubscribed below the only brand “Bharat”. The theme seeks to standardize plant food brands across Bharat notwithstanding the corporate that manufactures them. It aims to get rid of all confusions associated with the standard of fertilizers and their accessibility. Earlier, retailers were pushing the sale of sure brands…

25 Aug

Rupee falls by 2 paise and closes at 79.85 against US dollar

editor0 CommentsEconomy

The rupee closed down 2 paise at 79.81 against the US dollar on Wednesday. At 79.84 per dollar, the domestic currency opened. It hovered in the range of 79.68 to 79.87 during the session in the interbank foreign exchange market. Eventually, the domestic unit settled at 79.85. Restricted movement of rupee due to rising crude oil prices. The greenback declined due to disappointing economic data from the US, said Anuj Chowdhury - Sharekhan Research Analyst at BNP Paribas. He added that safe-haven appeals in weak global markets and US Treasury yields supported the dollar. "Market participants may also be cautious…

19 Apr

Biggest risk of cryptocurrency could be money laundering, its use for financing terror: Nirmala Sitharaman

editor0 CommentsEconomyNirmala Sitharaman

Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Minister of Finance Nirmala Sitharaman. In her address at a seminar during the ongoing spring meet of the International Monetary Fund, Sitharaman said: “I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror.” Regulation using technology will have to be so adept, that it has to be not behind the curve, but be sure that it is on the top…

26 Mar

Delhi Budget: 20 Lakh Jobs, Better Healthcare Among Top Announcements of Rozgaar Budget

editor0 CommentsEconomyDelhi

Delhi Deputy Chief Minister Manish Sisodia a “Rozgar Budget” in the Assembly on Saturday with an outlay of Rs 75,800 crore for the financial year 2022-23, focussing on developing 20 lakh jobs in 5 years by way of placing up an digital metropolis and advertising night time economy, retail and wholesale markets in the national capital. The budget measurement for the subsequent financial yr is 9.86 per cent higher than that of the previous year — Rs 69,000 crore — Sisodia said, including that Delhi’s financial system is convalescing regularly from the impact of COVID-19. “The Rozgar Budget will take…

23 Mar

India Achieves Target Of Exporting $400 Billion Of Goods: PM Modi

editor0 CommentsEconomyINDIA, PM Modi

History has been scripted, as India finished its highest ever items export target of USD four hundred billion 9 days in advance of schedule, said Prime Minister Narendra Modi on Wednesday. He similarly stated that this is a key milestone in our Aatmanirbhar Bharat journey. "India achieves the target of four hundred Billion bucks of items exports for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey. #LocalGoesGlobal," said PM Modi in a tweet. On average, every hour USD 46 million goods are exported,…

25 Feb

CBI arrested former group operating officer of NSE Anand Subramanian

editor0 CommentsEconomy, India

The former group operating officer of National Stock Exchange (NSE) Anand Subramanian was arrested by the Central Bureau of Investigation (CBI) after he was questioned about his role at the country's largest stock exchange. In the midst of the investigation, the emails exchanged between the former CEO of NSE Chitra Ramkrishna with a Yogi living in the Himalayas have gained wide attention. The CBI questioned Ramkrishna for 12 hours in the ‘tick-by-tick’ manipulation case - that pertains to the unfair dissemination of information from the servers of the exchange to those of the stock brokers. Market regulator Securities and Exchange Board…

23 Feb

Rajasthan: CM Gehlot presents Budget, exceptional spotlight on work, medical services

editor0 CommentsEconomybudget 2022, rajasthan

All Rajasthan Govt personnel appointed on or after 1st January 2004 will be entitled to pension scheme like formerly (older model of the scheme) from next yr onward, Rajasthan Chief Minister Ashok Gehlot on Wednesday presenting the Budget for the 12 months 2022-23 said. Presenting the Budget in the Rajasthan Assembly, Gehlot introduced the implementation of the Indira Gandhi Urban Employment Guarantee Scheme. From next year, a hundred days of employment will be accessible in urban areas on the lines of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for which a Rs 800 crore price range has been proposed.…

19 Feb

India, UAE sign free trade deal expected to double trade to $100 billion in 5yrs

editor0 CommentsBusiness, Economy, India, InternationalUAE

India and the UAE on Friday inked a landmark Comprehensive Economic Partnership Agreement (CEPA) and unveiled a roadmap for expansion of overall ties at a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. In his remarks, Modi delved into various facets of ties between India-and United Arab Emirates and said both the nations will stand "shoulder-to-shoulder" against terrorism while referring to the recent terrorist attacks in the Gulf country. On CEPA, Modi noted that both sides could conclude the negotiations on such an important agreement in less than three…

18 Feb

PM Narendra Modi inaugurated two new railway lines connecting Thane and Diva

editor0 CommentsBusiness, Economy, India, Lifestyle, Travel

Joining Thane and Diva, additional two railway lines has been inaugurated by PM Narendra Modi. He will also flag off two suburban trains of Mumbai Suburban Railways. These have been built at the approximate cost of Rs 620 crores. It additionally includes 1.4 kilometers long rail flyover, 3 significant extensions and 21 minor bridges. According to the release issued by Prime Minister’s Office (PMO), Kalyan is the main junction of the Central Railway. The traffic that is coming from the North and Southern side of the nation converge at Kalyan and move towards the Chhatrapati Shivaji Maharaj Terminus. Out of…

17 Feb

New FD Interest Rates of HDFC Bank

editor0 CommentsBusiness, Economy, India

India’s leading private sector bank, HDFC Bank has recently raised the interest rates on FDs worth less than Rs 2 crore. The new rates will be effective from February 14, according to the bank’s official website. HDFC Bank will offer an interest rate of 5.45 per cent for FDs maturing between three years one day to five years. Investors will get an interest of 5.60 per cent for FDs maturing between five years one day to 10 years. Earlier in January, the bank hiked the interest rate for FDs worth less than Rs 2 crore by five to ten basis…