In the third week of August, the government had announced a new framework to oversee proposals for merger of state-run banks. That initiative aimed at
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Bitcoin Price: Bitcoin goes in a tailspin, dives 50% in India in just 13 days–Economic Times–18.09.2017
The move confirmed earlier reports of Chinese officials mulling a closure of domestic exchanges for virtual currency trading, which sent the price of Bitcoin tumbling.
Growth implies some rise in inequality–Economic Times–18.09.2017
Income inequality in India has been sharply on the rise, particularly since the early eighties, when growth began to accelerate, says a paper by French
Worrisome trade data | Business Standard Editorials–18.09.2017
The data released last Friday revealed that India’s current account deficit in the first quarter of 2017-18 is at its highest level in four years,
Time for caution – on India’s current account deficit – The Hindu–18.09.2017
India’s external balance sheet may have improved significantly since the infamous taper tantrum of 2013, but there are now signs that warrant more caution from
Jaypee: consumer angle in IBC play – The Hindu–18.09.2017
Insolvency resolution is about the allocation of losses among different stakeholders in a situation where there isn’t enough left in the pot for everyone. So
Bitcoin: Bitcoin-rupee swap dives, but investors unfazed–Economic Times–17.09.2017
The bitcoin-rupee swap rate went into a free fall after regulators in China forced BTC China, one of the world’s biggest exchanges for the digital
India: 30 per cent of cement either not sold or unutilised in India: JK cements Administrator – The Economic Times–17.09.2017
With 30 per cent lesser offtake of 430 million tonnes of cement last year, due to slowdown in construction industry in the country, a similar
Bitcoin: Another experiment with currency? RBI is looking at its own Bitcoin | Cryptocurrency
Despite RBI’s caution on virtual currencies, a domestic Bitcoin exchange said it was adding over 2,500 users a day and had reached five lakh downloads.
‘Economy has to grow at 8-9% to get more people out of poverty’ – The Hindu–17.09.2017
If the economy can grow up to 8-9% for a decade or so, the number of people below the poverty line will come down. Since
Widening current account deficit a new worry for Modi government, RBI | columns | Hindustan Times–17.09.2017
In April, a top commerce ministry official told a group of financial journalists “not to be alarmist” over rising gold imports. The reporters wanted to
Across the aisle: Clueless in New Delhi | The Indian Express–17.09.2017
At the end of July 2017, the government had exhausted 92.4 per cent of the annual target of fiscal deficit. The time for boasts is
Lower oil taxes: Government must stop using oil sector as cash cow and giving reform a bad name–17.09.2017
The finance ministry’s current economic survey indicates that today’s oil market is very different from a few years ago, in a way that imparts a
Pulses volatility: All you want to know at a glance – The Financial Express–17.09.2017
While agriculture year (July-June) 2016-17 saw record-high pulses production, profit margins for all pulses except gram (chick peas) declined by an average of 30%. This
GDP growth: Had Centre not mopped up taxes from oil sector, its capex, spending could not have risen – The Financial Express–16.09.2017
Between central government excise duties and state VATs, taxes in Delhi comprise around 52% of the retail price of petrol and around 44% in the
Small creditors use new bankruptcy rules to put the squeeze on big players | Business Standard News–16.09.2017
In late June, one of India’s top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid
Export growth hits 10% in August despite GST jitters | Business Standard News–16.9.2017
After single-digit growth in the previous three months, exports rose 10.29 per cent in August, up from 3.94 per cent in July, despite exporters’ woes
Q1 current account deficit widens sharply to 2.4% of GDP, says RBI | Business Standard News–16.09.2017
India’s current account deficit (CAD) in the first quarter ended June soared to a four-year high of $14.3 billion, or 2.4 per cent of gross
Widening trade gap drives up current account deficit to 2.4% of GDP in Q1 | Business Line–16.09.2017
The current account deficit (CAD) increased to $14.3 billion, or 2.4 per cent of gross domestic product (GDP), in the first quarter of the current
GST hits exporters’ order book hard; 15% drop till October: FIEO | Business Standard News–16.09.2017
Two months after the roll out of the goods and services tax (GST) regime in July, the order books of exporters are said to have
