Solar cells: Government drops safeguard duty
The finance ministry suspended the implementation of a safeguard duty on imported solar cells following a stay order by the Orissa High Court.
July retail inflation slows to 9-month low at 4.17%
As per the data released by the Central Statistics Office, Retail inflation decelerated to 4.17 per cent in July from 4.92 per cent a month ago in the wake of softening food prices.
Rupee plunges to all-time low at 69.91
The rupee on 13 August crashed by Rs 1.08, or 1.57 per cent, and moved closer to the 70 level to end at a historic low of 69.91 against the US currency as the Turkish currency, lira, plunged, sending global currencies into a tailspin.
ISRO set to launch its TV channel
The Indian Space Research Organisation (ISRO) will have an year-long Vikram Sarabhai centenary celebration starting in August 2019 to honour the visionary scientist and its legendary founding father.
Industrial output expands 7% in June
According to data released by the Central Statistics Office (CSO, Industrial output recorded a growth of 7 per cent in June on account of higher output in mining, manufacturing, power generation segments and a low base growth.
India’s forex reserves fall to over 7-month low at $402.7 billion
As per the recently released RBI data, India’s foreign exchange reserves fell to over 7-month low of $402.7 billion in the week ended August 3.
Industrial output expands 7% in June
According to data released by the Central Statistics Office (CSO, Industrial output recorded a growth of 7 per cent in June on account of higher output in mining, manufacturing, power generation segments and a low base growth.
UAE top source of inward remittances in 2016-17: RBI
According to the Reserve Bank of India’s survey of inward remittances for 201617, the United Arab Emirates (UAE) has emerged as the top source of inward remittances.
Strengthen governance in PSBs : IMF
The International Monetary Fund (IMF) in its report asked the Indian government to improve the way state-owned banks are run by bolstering boardlevel autonomy.
About Rs.70,000 cr. hit due to banking frauds in last 3 years
During the ongoing monsoon session, the Rajya Sabha informed that Indian banks reported a total loss of about Rs.70,000 crore due to frauds during the last three fiscals up to March 2018.