Economy – Feedback


Government will pump in Rs.100 crore through preference shares into IFCI, the countrys oldest term lending institution, to shore up its capital and enhance operations. “Proposal for equity infusion has just been cleared by Extraordinary General Meeting held yesterday and we hope to get the fund infusion soon,”. Board approved equity shares aggregating upto Rs […]

4 years after building a new agricultural marketing yard on the outskirts of the city, authorities finally managed to shift only 40% of traders from the old yard in Yeshwantapur to the new one. While this has eased traffic around the busy Yeshwantapur area, traders who are not happy with the facilities at the new […]

With higher expenditure plans for sectors including agriculture, health and education, the Centre will continue to depend heavily on revenue from stake sales in public sector units. Accordingly, current Budget has targeted raising Rs. 80,000 crore as disinvestment proceeds next fiscal.Though this is a tad lower than the revised estimate of Rs. 1 lakh crore […]

India’s rice exports likely jumped 22 per cent in 2017 to a record 12.3 million tonnes as neighbouring Bangladesh ramped up purchases after flooding hit its crops, industry officials told Reuters. The boost in shipments from the world’s top exporter of the grain is set to extend into 2018 as Bangladesh and Sri Lanka continue […]

Union Cabinet on Wednesday allowed foreign airlines to invest upto 49 per cent under approval route in Air India. However, this nod comes with two conditions – foreign investment including that of foreign Airlines should not exceed 49 per cent either directly or indirectly and substantial ownership and effective control of Air India would continue […]

State-run lenders such as State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) may be included in the new exchange traded fund (ETF) the government is setting up. Senior finance ministry official said large banks could be in the basket of stocks, making the ETF offer more attractive. “We are […]

Intellectual Property Rights remains to be one of the top bilateral trade issues between India and the US even as India became the ninth single country trading partner for the US in 2016, an official US report said today. India remained on the priority watch list in 2016 due to a lack of measurable improvement […]

Department of Telecom (DoT) has created an investment facilitation centre for a sector which is under severe financial stress with debt of nearly Rs5 lakh crore and falling returns. According to a notice on the department’s website Tuesday, K.K. Sahara, Director (IP) and Manish Shukla, ADET (IP), will be in charge of the cell.This move […]