APN News

  • Thursday, June, 2019| Today's Market | Current Time: 01:38:04
  • FDI in services sector grows 37 pc to 9.15 bn in 2018-19

    Foreign direct investment in services sector grew 36.5 per cent to 9.15 billion US dollars in 2018-19 fiscal. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the sector attracted FDI worth 6.7 billion dollars in 2017-18 fiscal. Services sector includes finance, banking, insurance, outsourcing, R&D, courier, tech testing and analysis. The […]

    RBI releases report on Benchmarking India’s Payment Systems

    The report on ‘Benchmarking India’s Payment Systems’ which was released on Tuesday mentions that the country is “strong” in areas like having necessary laws and cash in circulation per capita. The report provides a comparative position of the payment system ecosystem in India relative to comparable payment systems and usage trends in other major countries. […]

    Preparations for seventh Economic Census underway

    Preparations are underway for the seventh Economic Census, (7th EC) likely to commence by the end of June or the early next month. In the run-up to the field work to be undertaken by the enumerators across the country, several activities have been planned by the Union Ministry of Statistics and Programme Implementation, (MoSPI). Training […]

    India, China to account for half of air traffic growth in two decades: IATA

    International Air Transport Association, IATA, has said that India and China are projected to account for nearly half of the air passenger growth worldwide over the next two decades, with travellers coming from all walks of life. It said that with more number of people making air travel, India was one of the fastest growing […]

    GST revenue collection crosses Rs One lakh cr in May

    The GST revenue collection has crossed one lakh crore rupees in May this year, which is a growth of 6.67 per cent over the revenue collected in the same month last year. The GST collected during last month was one lakh 289 crore rupees as compared to over 94 thousand crore rupees in the same […]

    Forex reserve rises by 1.99 billion to 419.99 billion

    India’s foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019. An RBI press release has informed that foreign currency assets rose by 1.991 billion to 392.188 billion US Dollar. In the previous week, the reserves had declined by 2.05 billion to end at 417.99 billion […]

    G20 digital tax takes step closer

    Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan. The Paris-based Organisation for Economic Cooperation and Development (OECD) said that 129 countries had signed off on a road-map to grab a fairer tax share of the companies’ […]

    GDP growth slows to five-year low at 5.8% in January-March quarter

    India’s economic growth rate slowed to five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors. According to the Central Statistics Office (CSO) data released today, GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year. The […]

    Rupee up by 17 paise to close at 69.70 against dollar

    Snapping its three-session losing streak, the rupee today rose by 17 paise to close at 69.70 against the US dollar on weakening of the greenback in overseas markets and easing crude oil prices. On a weekly basis, the rupee declined by 34 paise.

    Growth of core infrastructure sectors slows to 2.6 pc in April

    The growth of eight core infrastructure sectors slowed down to 2.6 per cent in April this year, due to negative growth in crude oil, natural gas and fertilizer output. According to the government data released today, during April last year, the expansion rate of eight infrastructure sectors coal, crude oil, natural gas, refinery products, fertilizers, […]