APN News

  • Wednesday, June, 2019| Today's Market | Current Time: 08:48:37
  • Exports up 3.93% in May; trade deficit widens to 15.36 bn dollars

    India’s exports grew by 3.93 per cent to around 30 billion dollars in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering. According to Commerce Ministry data, the imports have also rose by 4.31 per cent to 45.35 billion dollars. The trade deficit has widened to 15.36 billion dollars in […]

    GST council to introduce new GST return system

    The GST Council has decided to introduce a new GST return system to facilitate taxpayers. An official release today said, a plan has been worked out to ease the transition to the new return system. As per the plan, a prototype of the offline tool has already been shared on the common portal to give […]

    RBI constitutes committee to review ATM pricing

    The Reserve Bank of India has constituted a six-member committee to review the entire gamut of ATM charges and fees. In a press release, the RBI said, Chief Executive of Indian Banks’ Association VG Kannan will chair the committee consisting of senior officers from National Payments Corporation of India, SBI, HDFC Bank, Confederation of ATM […]

    Piyush Goyal stresses on reciprocal market access for Indian products

    Minister of Commerce and Industry Piyush Goyal has called for de-escalating trade tensions and reviving confidence in the multilateral trading system. The Minister held a series of bilateral talks on the sidelines of the two days G20 Ministerial on Trade and Digital Economy in Tsukuba,  Japan which began on the 8th of this month. During […]

    Intensifying trade tensions pose risk for global economy: World’s top financial policymakers

    The world’s top financial policymakers today admitted that intensifying trade tensions pose a risk for the global economy. The statement came after a meeting of Trade and Economy Ministers of G20 nations that laid bare differences between the United States and other nations. Following 30 hours of wrangling the G20 finance minister and central bank […]

    India pitches for promoting MSMEs in developing countries

    India today pitched for promoting micro, small and medium enterprises, MSMEs in developing countries as they are important for employment and income generation. This was emphasised by Commerce and Industry Minister Piyush Goyal at a session on ”Promotion of Trade and Investment that contribute to Sustainable and Inclusive Growth’ at G20 nations meet in Japanese […]

    Forex reserves increase by 1.8 billion to 421.8 billion

    The country’s foreign exchange reserves increased by USD 1.875 billion to USD 421.867 billion in the week ending May 31. Reserve Bank weekly data released yesterday showed that foreign currency assets, which is a major component of the overall reserves, rose by USD 1.946 billion to USD 394.134 billion. According to the RBI data, after […]

    Piyush Goyal leading Indian delegation for G-20 ministerial meeting in Japan

    Commerce and Industry Minister Piyush Goyal is leading the Indian delegation for the two-day G20 Ministerial meeting on Trade and Digital Economy beginning tomorrow in Tsukuba city, Japan. He is leaving for Japan tonight. Mr Goyal will discuss developments in the global trade situation, WTO matters and digital trade. He will also hold dialogue with […]

    RBI reduces repo rate by 25 basis points; Industry bodies welcome the decision

    The Reserve bank of India in its bi-monthly monetary policy review today reduced the repo rate by 25 basis points to 5.75 per cent from 6.0 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 5.50 per cent, and the marginal standing facility rate and the Bank Rate to 6.0 per […]

    Industry body welcomes RBI decision of reducing the repo rate

    The industry body has welcomed the RBI decision of reducing the repo rate by 25 basis points to 5.75 per cent from six per cent. President of FICCI Sandip Somany said this rate cut will encourage banks to lower their lending rates for both retail and corporate credits. He said, reviving business confidence and consumer […]