India's financial conditions index improves sequentially: study

New Delhi, Aug 8 :  The overall financial conditions index in India rose 28 per cent sequentially to 61.1 in the first quarter of 2016-17 from 47.8 in the previous quarter of 2015-16, indicating healthy improvement, a joint study by apex industry bodies said on Sunday.

“The…

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Essar Oil investing Rs 1,600 cr in upgrading Vadinar refinery

Mumbai, Aug 7:  Essar Oil said on Sunday it is investing Rs 1,600 crore in upgrading 20 million tonnes per annum (mtpa) Vadinar refinery in view of the surging demand for petro products over the medium and long term.

“Essar Oil’s Vadinar refinery is looking at earning an…

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Inflation targeting monetary policy positive for India:Moody's

New Delhi, Aug 7 (PTI) The shift in monetary policy stance to target inflation is “credit positive” for India’s sovereign rating as it will help keep price rise pressures under check, Moody’s Investors Service said today.

The government, in consultation with the Reserve Bank, has notified the 5…

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Govt may have to amend SEZ Act to align it with GST

New Delhi, Aug 7 (PTI) The government may have to amend the SEZ Act 2005 to align it with the Goods and Services Tax (GST) law so that central excise and service tax benefits can be extended to developers and entrepreneurs.

The Commerce Ministry is in the process of preparing…

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Rajan to flag last independent monetary policy update by RBI governor Tuesday

Mumbai, Aug 7  Raghuram Rajan will on Tuesday conduct what will be his last monetary policy update for the Reserve Bank of India (RBI) and also, perhaps, the last that a central bank governor can henceforth undertake independently.

The policy update comes against the backdrop of the government fixing on…

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