APN News

  • Sunday, September, 2021| Today's Market | Current Time: 03:10:14
  • U.S. Fed Survey Shows Slowdown in Economic Recovery

    Economic activity in the United States has continued to increase since early June, but the recovery seems to have lost some momentum in some parts of the country, the Federal Reserve said on Wednesday in its latest survey on business conditions. The survey, known as the Beige Book, was based on economic information supplied by […]

    IMF Hails China’s Policy Response in Financial Crisis

    The “quick, determined and effective” policy response of Chinese authorities has helped mitigate the impact of the financial crisis and ensured that China has led the global recovery, the International Monetary Fund (IMF)has  said. “Executive Directors commended China’s proactive and decisive policy response to the global economic crisis,” the IMF Executive Board said in its […]

    ASEAN Unlikely Fall in Financial Crisis

    The Association of Southeast Asia Nations (ASEAN) is unlikely fall in a financial crisis due to its strong fiscal position, a high-ranking official said in an exclusive interview recently. “The possibility of ASEAN countries falling into the same fiscal debacle is low for now, in my view. This is because ASEAN fiscal position has been […]

    Govt scraps 18 special economic zones

    The government has  informed the Lok Sabha that 18 special economic zones have been scrapped on the back of developers being impacted by the global economic slowdown. “Requests for de-notification by the developers have been approved by the Board of Approval in respect of 18 SEZs…,” Minister of State for Commerce and Industry Jyotiraditya Scindia […]

    Paper on new bank licences by Aug: Subbarao

    The Reserve Bank has said it will come up with a discussion paper on granting banking licence to private sector players and NBFCs by the first week of August. “The discussion paper is on track. We expect to come out by end of this month or first week of August,” Reserve Bank Governor D Subbarao […]

    ‘RBI likely to raise key policy rates tomorrow’

    The Reserve Bank is likely to increase key policy rates by at least 25 basis points in its first quarterly review of the monetary policy on Tuesday to tame inflationary expectations. “I think there could be a small hike in the repo and reverse repo rate of say 25 basis points,” HDFC Managing Director Renu […]

    IOC posts net loss of Rs. 3,388 cr

    Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs. 3,388.39 crore in the first quarter ended 30th June 2010, on account of selling fuel below cost. IOC, the nation’s largest oil firm, had posted a net profit of Rs.3,682.83 crore in the April-June quarter of the last fiscal, the company said in […]

    States to be fully compensated for GST: Pranab

    Finance minister Pranab Mukherjee on Saturday assured the states that the Centre will fully compensate them on possible losses arising from implementation of the goods and services tax (GST) regime. “No state would be allowed to suffer any loss and would be fully compensated by the Central government,” he said at a meeting of the […]

    Inflation will cool down after harvest: FM

    Finance Minister Pranab Mukherjee on Tuesday said the hike in fuel prices has added to inflationary pressures, but the arrival of new crop will ease food prices and cool the overall inflation from the current 10.55 per cent. Inflationary pressure was being felt as fuel and other articles started affecting it, Mukherjee told a press conference […]

    Bae systems m777 howitzer programme exceeds £1bn sales

    BAE Systems has received an order for 93 additional M777 howitzers, taking the order book to 955 systems and taking sales for the programme to over £1bn. The US is buying 58 guns for the US Army and U.S. Marine Corps while Australia is acquiring 35 through the US Foreign Military Sales (FMS) program. The […]