APN News

  • Monday, October, 2019| Today's Market | Current Time: 06:17:29
  • Asian Development Bank cuts India’s GDP growth forecast to 7 per cent for FY20

    Asian Development Bank today lowered India’s GDP growth forecast to 7 per cent for the current year on the back of fiscal shortfall concerns. India is expected to grow by 7 per cent in 2019 and 7.2 per cent in 2020, slightly slower than projected in April, ADB said in its supplement to the Asian […]

    Wholesale inflation declines in June

    Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June, helped by a decline in prices of vegetables as well as fuel and power items. According to official data released today, the Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May. It was […]

    IT Dept to honour old, first time tax-payers of MP & Chhattisgarh

    In Madhya Pradesh, the Income Tax Department will honour old and first time tax-payers of the Madhya Pradesh and neighbouring Chhattisgarh. These two states have more than 45 lakh tax payers. Principal Chief Income Tax Commissioner (MP and CG) Ajay Kumar Chouhan informed that as part of 159th Income Tax Day cleanliness and plantation drives […]

    Mining, manufacturing pull down IIP growth to 3.1 pc in May

    Industrial output growth slipped to 3.1 per cent in May mainly on account of subdued performance of mining and manufacturing sectors. According to government data, the Index of Industrial Production (IIP) had expanded by 3.8 per cent in May last year. The index grew at 4.3 per cent in April and 0.4 per cent in […]

    Inflation rises marginally to 3.18% in June

    Retail inflation increased marginally to 3.18 per cent in June over the previous month, mainly due to the rise in food prices. According to official data, the retail inflation based on the Consumer Price Index (CPI) stood at 3.05 per cent in May and 4.92 per cent in June last year. The data released by […]

    SBI’s Anshula Kant appointed as World Bank MD and CFO

    Anshula Kant, Managing Director of State Bank of India, has been appointed as MD and Chief Financial Officer of the World Bank. Ms Kant will be responsible for financial and risk management of the organisation. Her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO on the […]

    Rupee declines by 18 paise to 68.84 against dollar

    The rupee declined by 18 paise to 68.84 against the US dollar in early trade today, due to strong dollar demand from banks and importers amid persistent foreign fund outflows. Forex traders said, strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit. However, softening crude oil prices restricted […]

    GST collection stands at Rs 99,939 crore in June

    The total gross Goods and Services Tax (GST) collection in the month of June stood at 99,939 crore rupees. The total number of GST returns filed for the month of May was 74.38 lakh. Last month the GST collection crossed one lakh crore rupees. An official release said, the revenue in the month of June […]

    Eight core sectors record growth of 5.1% in May

    The eight core sectors in the country have recorded a growth of 5.1 per cent in May on the back of healthy output in steel and electricity. These sectors are coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity. They had grown by 4.1 per cent in May last year. According to […]

    2nd anniversary of GST to be celebrated on July 1

    The second anniversary of Goods and Services Tax (GST) will be celebrated tomorrow. It was launched on the 1st of July, 2017 at a function held in the Central Hall of Parliament on the midnight of 30th June, 2017. Minister of State for Finance and Corporate Affairs Anurag Thakur will preside over the function to […]