APN News

  • Sunday, May, 2020| Today's Market | Current Time: 05:01:34
  • Pranab expects GDP to exceed 8.75 per cent in current fiscal

    With the economy expanding by 8.9 per cent in the July-September quarter, the government exuded confidence that the GDP growth rate during the current fiscal would exceed 8.75 per cent. “Amid all the depressing news there is a good news…We may be confident that at the end of this year the GDP growth will not […]

    Don’t press panic button, your money is safe: FM to investors

    Assuring the safety of their funds, Finance Minister Pranab Mukherjee on Tuesday  asked investors not to press panic button over the housing finance racket as the loans were protected. “There is no need of pressing the panic button,” Mukherjee told reporters on the sidelines of a seminar on inclusive growth. He said loans given by […]

    Malaysia’s RHB Banking Group leads the way in Anti-Money Laundering and Counter Terrorism Financing compliance with Norkom Technologies

    Australia : The RHB Banking Group, Malaysia’s fourth largest fully integrated financial services group, has selected Norkom’s market leading Anti-Money Laundering (AML) solution to meet increasingly stringent regulations centered on anti-money laundering and counter terrorism financing (AML/CTF). Norkom’s advanced Anti-Money Laundering (AML) solution is designed to help world-leading financial institutions to detect and prevent money […]

    FDI in renewable energy sector growing rapidly, says govt

    The government said Foreign Direct Investment (FDI) in renewable energy sector has shown an upward trend and investment in the sector in 2009-10 has been very attractive. “The FDI in renewable sector has been growing rapidly. During 2006-07, 2007-08, 2008-09 and 2009-10, the investment to the sector was USD 2.11 million, USD 43.15 million, USD […]

    Experts peg Q2 GDP growth at 8.1-8.5 pc, lower than Q1

    Slackening industrial expansion is expected to pull down economic growth in the range of 8.1 to 8.5 pc during July-September this fiscal from 8.8 pc in the previous quarter, say experts. The economic growth data for the July-September quarter is scheduled to be released on Tuesday. Indian economy, which had expanded 8.8 percent in the […]

    Payment Service Provider GlobalCollect Obtains License Pursuant To European Payment Service Directive

    Netherlands : The Dutch Central Bank recently granted GlobalCollect a license as a Payment Institute, a so-called Payment Services Directive (PSD) license. The PSD provides a system of licenses for Payment Service Providers, lays down information requirements regarding payment services, and lists rights and obligations of both Payment Service Providers and users. The aim of […]

    Montek among probables for next IMF chief

    Top Indian policy planner Montek Singh Ahluwalia figures among the probables to succeed Dominique Strauss-Kahn as the next chief of International Monetary Fund, a report has said. Noting that the clout and role of the international lender has increased substantially in the emerging markets, US daily New York Times reported that someone from the developing […]

    GoM to consider Rs 1200 cr infusion into Air India

    A decision to infuse Rs 1,200 crore as equity in the ailing Air India is likely to be considered by a Group of Ministers soon. “There is no rethink on the announcement made by the government that Rs 1,200 crore will be infused. The Group of Ministers will meet soon,” an official source said on Sunday. Members […]

    I-T dept introduces new number for taxpayers for tax filing

    Taxpayers will now have to procure a ‘new number’ for filing returns and making any communication with the Income Tax department. The unique Document identification number (DIN), on the lines of numbers like PAN and TAN, will be quoted on “every” income tax-related communication, including returns to be filed next year for the financial year […]

    LIC investors won’t lose single paise: Mukherjee

    Finance Minister Pranab Mukherjee on Saturday assured investors in LIC that they would not lose any money because of the housing finance racket involving the CEO of the state-run insurer’s subsidiary, LIC Housing Finance Ltd, and other top bank officials. Asserting that those officials involved in the racket would not be allowed to escape, he […]