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Economy

Government makes a u-turn on EPF, agrees to 8.8 percent interest rate

New Delhi, April 29 (IANS) In a major climbdown after persistent pressure from the trade unions and political parties, the government on Friday increased interest rate on employees provident fund (EPF) deposits to 8.8 percent for 2015-16 from 8.70 percent as it had announced earlier. “I am happy to tell you that the EPF rate has Full Article

India can gain from China’s waning grip on apparel world: World Bank

New Delhi, April 28 (IANS) With China losing sheen as the global leader in the apparel market, India needs to take specific steps like lowering input duties and extending market ...Full Article

India’s real challenge is to grow at 9-10 percent: Niti Aayog CEO

New Delhi, April 22 (IANS) India has been the fastest growing economy but the real challenge that lies ahead is to achieve 9-10 percent growth rate, NITI Aayog CEO Amitabh ...Full Article

India No.1 for Global In-house Centres: Nasscom

Hyderabad, April 21 (IANS) India is the number one location for setting up Global In-house Centres (GIC), owing to value proposition extending beyond cost and efficiency to innovation and digital ...Full Article

‘Electronics industry to grow to $112-130 billion by 2018′

New Delhi, April 7 (IANS) The Indian electronics and hardware industry is expected to grow at a compound annual growth rate (CAGR) of 13-16 percent to reach $112-130 billion by ...Full Article

Renewable energy challenge to fossil fuel in power sector: Moody’s

New Delhi, April 6 (IANS) Growth in the renewable energy capacity in India’s power sector will challenge fossil fuel operators in the future, leading global ratings agency Moody’s said on ...Full Article

Aadhaar enrollment crosses 1 bn mark: Prasad

New Delhi, April 4 (IANS) The Unique Identification Authority of India (UIDAI) has generated more than 100 crore (one billion) Aadhaar numbers in a span of five and a ...Full Article

India to continue on growth path to root out poverty: Jaitley

Melbourne, April 1 (IANS) Urging Australian pension funds to invest in India, Finance Minister Arun Jaitley on Friday said here the country will continue on its current path of ...Full Article

Digital India, a $1 trillion business opportunity: Prasad

Mumbai, March 30 (IANS) The government’s Digital India initiative is a $1 trillion business opportunity across IT and IT-enabled services, telecom and electronics manufacturing, Communications Minister Ravi Shankar Prasad said ...Full Article

Delhi government’s 2016-17 budget estimate at Rs.46,600 crore

New Delhi, March 28 (IANS) The Delhi government on Monday presented an annual budget of Rs.46,600 crore for 2016-17 — an increase of Rs.8,850 crore over last year. Presenting ...Full Article