APN News

  • Saturday, September, 2020| Today's Market | Current Time: 09:05:45
  • 15th Finance Commission holds discussions with its Economic Advisory Council

    The Fifteenth Finance Commission today held discussions with its Economic Advisory Council. Finance Ministry said, the meeting discussed a gamut of issues around GDP growth, tax buoyancy of the Centre and the States, GST compensation and fiscal consolidation. Specific issues relating to public expenditure on health, investment revival, recapitalization of the financial system and its […]

    Gold, Silver prices fall in Delhi amid rupee appreciation

    Gold prices were marginally down by Rs. 56 to Rs. 51,770 per 10 grams in the national capital amid rupee appreciation. Silver also declined Rs. 738 to Rs. 68,371 per kg.  In the global market, gold was trading with gains at 1,935 US dollars per ounce and silver was flat at 26 dollars and 71 […]

    RBI reviews PSL guidelines to align it with emerging national priorities for inclusive development

    The Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders. The revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and […]

    Financing economic recovery

    Armida Salsiah Alisjahbana As the socio-economic impacts of the COVID-19 pandemic spread across the length and breadth of Asia and the Pacific, finance ministries are continuing their relentless efforts to inject trillions of dollars for emergency health responses and fiscal packages. With continued lockdown measures and restricted borders, economic rebound seems uncertain. Compared to 2019’s […]

    Gold prices in Delhi decline Rs 614 to Rs 52,314

    Gold prices in the National Capital today declined Rs 614 to Rs 52,314 per 10 gram tracking weakness in the international market. Silver also tanked Rs 1,799 to Rs 71,202 per kg.    In the international market, gold was quoting down at USD 1,963 per ounce and silver at USD 27.87 an ounce.

    Rupee depreciates 16 paise and settles at Rs 73.3 against US dollar

    The rupee today depreciated 16 paise and settled at Rs 73.3 against the US dollar tracking muted domestic equities and strengthening American currency.     The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.26 per cent to 92.58.

    Limit imposed on total rewards under Merchandise Exports from India Scheme

    A limit has been imposed on total rewards under the Merchandise Exports from India Scheme (MEIS). A notification issued by Directorate General of Foreign Trade last evening says that the total reward which may be granted to an Importer Exporter Code, IEC holder under the scheme shall not exceed two crore rupees per IEC of […]

    Govt. makes several interventions to ensure timely payments to MSMEs

    The Central Government has made a number of interventions to ensure timely payments to MSMEs. Finance Minister Nirmala Sitharaman, as part of AtmaNirbhar Bharat package, had announced that Government entities should make such payments within 45 days. MSME Ministry followed up this announcement vigorously and took up the matter with the Central Ministries and Central […]

    Svamaan Financial Services joins hands with leading digital payment platforms to provide cashless services

    New Delhi:  Svamaan Financial Services, a leading digital microfinance venture, has rolled out QR code based UPI payment option for all its customers through leading digital payment apps like GooglePay, PhonePe and PayTM, in addition to all banking apps offering QR code based UPI payment facility. Furthermore, Svamaan Financial has established partnership with prominent digital […]

    Coal India to invest over Rs 1.22 lakh crore on 500 projects by 2023-24

    Coal India Ltd (CIL) will invest over 1.22 lakh crorerupees on development of nearly 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies in the country. The investment aims at making India self-reliant in terms of coal and achieve the production target of 1 billion tonnes by 2023-2024. Addressing a stakeholders meet organized […]