Chief economic advisor Arvind Subramanian quits

  New Delhi, Jun 20: Chief economic advisor (CEA) Arvind Subramanian has decided to quit from his post “on account of pressing family commitments”, Union minister Arun Jaitley said in a blog post titled “Thank You Arvind”. Subramanian will return to the United States (US), Jaitley added. Subramanian had joined the government as the economic […]

PSBs to focus on credit needs of ‘genuine’ companies: Goyal

  New Delhi, Jun 20: Public sector banks (PSBs), in a meeting with Finance Minister Piyush Goyal, have decided to chalk out a road map for supporting the credit needs of “genuine” companies. The banks would take up the credit needs of “genuine, deserving, well-performing and good companies” in two stages, Goyal said. In the […]

Agriculture budget doubled to help double farm income by 2022: PM

  New Delhi, Jun 20: Reaching out to farmers, Prime Minister Narendra Modi Wednesday showcased his government’s “unprecedented” work in the agriculture sector, including doubling of the budget to Rs 2.12 lakh crore. Modi also reiterated that his government is working to double farm income by 2022. Continuing his outreach programme of direct interaction with […]

Centre saved Rs 90000 cr through digital transfer: Niti Aayog CEO

New Delhi, Jun 20: The Centre has saved Rs 90,000 crore by digitally transferring money to beneficiaries of 440 government schemes, Niti Aayog CEO Amitabh Kant said on Wednesday. Kant further said India will be the first country in the world which will make debit/credit cards redundant. “(The) government is ahead of private sector in […]

OPEC sees strong oil market, possible need for more output

New Delhi, Jun 19: Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group. OPEC meets on Friday to decide on output policy amid calls from major consumers such as the United States and […]