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Category Archives: Economy

Nearly 40 lakh tonnes paddy procured in Punjab

Nearly 40 lakh tonnes of paddy has been procured in Punjab this season, food and supplies officials said on Monday. Government agencies and private millers have procured 39,53,655 tonnes of paddy in Punjab till Sunday, the officials said. Payment worth Rs 3912.72 crore has been transferred to the accounts of arthiyas and farmers

China’s GDP grows 6.7% in first 3 quarters

China’s gross domestic product (GDP) grew 6.7 per cent year on year in the first three quarters of 2018 to about 65.09 trillion yuan ($ 9 trillion), data from the National Bureau of Statistics (NBS) showed on Friday. The growth was in line with market expectations and higher than the government’s annual growth

Samsung India set to launch Galaxy Tab S4 this week for Rs 60,000

Samsung India is geared up to launch its flagship Galaxy Tab S4 this week for nearly Rs 60,000 that comes with Samsung «DeX» docking station and S Pen. The 2-in-1 Android tablet was launched globally in August before the unveling of Galaxy Note 9. Industry sources told IANS on Tuesday that Samsung delayed

Cabinet approves closure of National Jute Manufactures, subsidiary

The Union Cabinet approved the closure of National Jute Manufactures Corporation Ltd (NJMC) and its arm Birds Jute and Exports Ltd (BJEL) yesterday. The government made a lot of effort in the past 25 years to keep these two companies up and running. The private operators that came also fled. Hence,

Reserve Bank of India’s Policy Change Plunges Rupee to New Low

The Indian rupee plunged to a record low of over 74 to one U.S. dollar Oct. 5, after the Reserve Bank of India changed the policy stance to «calibrated tightening.» In addition, a massive outflow of foreign funds along with high crude oil prices and fears over fiscal slippage led to the rupee’s downward trajectory.