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Bhubaneswar
Thursday, September 21, 2017

Business

RBI Likely To Keep Policy Rate On Hold Till Fiscal-End: Report

New Delhi (PTI): The Reserve Bank is expected to pause rate cuts for the rest of 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, says a Kotak Institutional Equities report. According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale...

Troubled Head: Dharmendra Urges Finance Ministry To Bring Petroleum Products Under GST

Hyderabad(PTI): Oil Minister Dharmendra Pradhan said he has requested the Ministry of Finance to bring petroleum products under the ambit of Goods and Services Tax (GST) in the interest of consumers. Justifying the move, he said there has to be a "uniform tax mechanism" all over the country. "This is the proposal of the Ministry of Petroleum. We have appealed to...

Market Logs Strong Weekly Gains, Sensex Rallies 585 Points

Mumbai (PTI):  Both the indices, Sensex and Nifty, ended higher by 585 pts and 151 pts respectively on fresh buying mainly in Healthcare, Capital Goods, Power, Banking and Auto sectors from domestic and foreign funds. The benchmark indices started the week on a bullish note on positive global cues, however midway it lost its momentum and started consolidating amidst mixed...

Naveen: Odisha Leader In Ease Of Doing Business Ranking

Bhubaneswar (PTI): Odisha Chief Minister Naveen Patnaik has said the state has been recognised as a "leader" by the Centre for facilitating reforms on doing business. "In recent ranking of ease of doing business declared by the government of India, Odisha has been reckoned as a leader for facilitating reforms for doing business in the state," Patnaik said. The state government...

Rupee Ends 4 Paise Higher Against Beleaguered Dollar

Mumbai (PTI): The rupee today staged a mild recovery by gaining four paise to close at 64.08 a dollar on fresh selling of the American currency by banks and exporters in view of weaker dollar overseas. The rupee gains were, to some extent, capped due to persistent foreign capital outflows. In the international market, the US dollar fell against safe haven...

Odisha Participation In ‘Annapoorna – World of Food India, 2017’ In Mumbai

Mumbai & Bhubaneswar: The three day long mega event ‘Annapoorna - World of Food India, 2017’  today opened at Mumbai where the government of Odisha is participating in a big way. The twelfth edition of the mega event was inaugurated by Harsimrat Kaur Badal, Union Minister of Food Processing. The annual event is being organized to showcase the vast opportunities...

”Paid” News: DAVP Bars Newspapers From Getting Govt Advertisements

New Delhi (PTI) The Directorate of Advertising and Visual Publicity (DAVP), the nodal agency for central government's advertisements, has suspended over 20 newspapers from its panel for a two-month period for publishing "paid" news, according to an advisory issued by it. Around 30 more newspapers, which were not on the panel, would also not be allowed to get empanelled during the...

World Bank Support For Development Of Textile Sectors In Odisha

Bhubaneswar: In yet another measure for development of textile sectors, handlooms and handicrafts across Odisha, the State Government has decided to seek financial support from the World Bank for a proposed project. A high level meeting between World Bank officials and senior shenanigans of the State Government in this connection was held at the state secretariat here today. Chief Secretary A...

Annual Income Of Odisha Farmers Rs 59,712: Survey Report

Bhubaneswar (PTI):  Odisha government today said the per capita annual income of the farmers in the state was Rs 59,712 as per a survey report. Agriculture minister Damodar Rout said this while replying to a written question of BJP MLA Dilip Ray in the assembly. Rout said though there was no formal method to evaluate the farmers income, the figure given...

Rupee Logs 1st Gain In 3 Days, Ends At 64 A Dollar

Mumbai (PTI): The rupee today snapped its two- session losing streak against the US dollar by recovering four paise to close at 64 on fresh selling of the American currency by exporters amid heavy foreign capital outflows. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,230.74 crore yesterday, as per provisional data released by stock exchanges. The domestic currency...

Sensex Closes Marginally Higher, But Nifty In Red

Mumbai (PTI): Both Sensex and Nifty today settled almost at their previous level after early gains were offset by fag-end weakness amid uninterrupted capital outflows by foreign funds. Sentiment took a dramatic turn downwards, particularly in the last one hour of trading, given a lower opening in European markets and clamour for taking profit, traders said. Investors were cautions after retail...

Jaitley: 30 Crore Families Get Jan Dhan Accounts In 3 Years

New Delhi (PTI): As many as 30 crore families have got bank accounts since the launch of India's biggest ever bank account opening drive, Jan Dhan Yojana, three years back, Finance Minister Arun Jaitley said today. About 42 per cent of households were unbanked before the Jan Dhan Yojana, which aims to give every household access to banking facilities by...

Tanka Torani Finally Vanishes From Ananda Bazar In Jagannath Temple

Puri: With the Shree Jagannath Temple Administration (SJTA) authorities maintaining the heat in continuation with its drive to enforce strict guidelines, Tanka Torani sellers  have vanished from the famous Ananda Bazar in the premises of the Jagannath Temple here to sell the drink at least for the last two days. The SJTA continued its raids and quality checks since it...

Bomikhal Tragedy: Works Department Assistant Engineer And Panda Infra Project Manager Arrested

Bhubaneswar: One more state government engineer and the Project Manager of private construction firm Panda Infra were arrested by the Twin City police today in connection with the collapse of a flyover at Bomikhal here on September 10 which left a man dead and about 17 others injured, police said. Assistant Engineer in the Works Department, Kishore Rout was arrested...