Saurav Mukherjee

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India Sep 14, 2019

Nirmala Sitharaman Considers Dr Manmohan Singh's Advice to Revive Indian Housing Sector! Here's How

With Rs 10,000 crore special window to extend funding to incomplete housing projects opened for the housing sector, reports can be cumulated that Union Finance Minister Nirmala Sitharaman followed Dr Manmohan Singh's advice. Here's how FM's announcements make similarity with the former PM.
India Sep 14, 2019

Nirmala Sitharaman Announces Special Rs 10,000 Crore Window For Incomplete Housing Projects, Eases Norms for External Commercial Borrowing

Union Finance Minister Nirmala Sithraman announced Rs 10,000 crore special window to extend funding to incomplete housing projects, which would help boost the ailing housing sector, reeling under the economic crisis in India.
India Sep 14, 2019

Nirmala Sitharaman Takes Measures to Pace Up Economic Growth, Says 'Inflation Under Control and Clear Sign of Revival of Industrial Production'

Amid the reports of an economic slowdown in the country, Union Finance Minister Nirmala Sitharaman claimed that inflation is under control and there is a clear sign of revival of industrial production. She announced a slew of measures to ease up the economic crisis.
Lifestyle Sep 10, 2019

Jack Ma 55th Birthday Special: Top 10 Inspirational Quotes by Chinese Business Magnate Who Made Alibaba a Global Name

Chinese business magnate, investor, politician and philanthropist -- call Jack Ma whatever you want, but the businessman made Alibaba a global name with his perseverance and patience. On Jack Ma's 55th birth anniversary, here are some inspirational quotes that can change the way you look at the world of entrepreneurship and start-ups today.
India Sep 09, 2019

Economic Crisis Grips Auto Sector Completely, Passenger Vehicle Sales in August Dip by 31.57% Vis-a-Vis 2018, Suffer Worst Drop in Over Two Decades

Amid the economic slowdown in the country, on Monday a new report arrived that ailing automobile sector suffered its worst decline since 1997-98. SIAM states that the overall passenger vehicle sales dropped by a significant 31.57 percent last month with 196,524 units sold YOY.
India Sep 05, 2019

Home Loans to Become Cheaper from October 1! Here's What Banks are Upto After RBI's Latest Direction to Attract New Borrowers

Following the RBI's directions to the banks to mandatorily extend loans to borrowers at an interest rate which is based on an external benchmark, home loans seekers have a new reason to smile. With the new directions in place, banks will have to migrate from the MCLR regime from October 1.
India Sep 03, 2019

Economic Crisis Deepens in India as Rupee at 9-Month Low, Stock Market Crashes And Investor Wealth Plunges Rs 2.55 Lakh Crore

Rupee value to US dollar at 9-month low, GDP rate at 5%, stock market rolling down to 11,000 points and investor wealth plunges Rs 2.55 lakh crore -- this is the state of Indian economy at present. Though economists opine that situation might improve by October, the future of India's economy look a little shaky and bleak.
India Sep 01, 2019

Economic Crisis Hits Automobile Sector: Tata Motors & Honda Lose Sales By Over 50% in August 2019; Here Are All The Details

The economic slowdown is affecting almost every sector, but perhaps the auto sector is affected the most. Reports are arriving that the auto sales of Tata Motors and Honda in India have dropped by over 50% compared to last August. Ranging from Mahindra to Toyota, every company is suffering a loss, and their sales have gone down by more than 20%.
India Sep 01, 2019

Economic Crisis in India: Nirmala Sitharaman Quashes Manmohan Singh's Claims on GDP Data, GST Collections Decline; Here's All the Financial Development From August 2019

With Nirmala Sitharaman claiming that bank mergers would not result in job cuts and that her Ministry is in consultations with different sectors, reports of falling GDP, economic slowdown, bank mergers and others are giving sleepless nights to economists. Here's all the financial developments for august 2019.
India Sep 01, 2019

Nirmala Sitharaman Dismisses Manmohan Singh's Comments on Economic Slowdown & Job Cuts, Says 'Govt Willing to Hear Sectors That Need Support'

Two days after announcing merging 10 PSU Banks and Dr Manmohan Singh's comments on the economic slowdown, Finance Minister Nirmala Sitharaman stated that the Union Finance Ministry is in consultation with different sectors and willing to hear sectors that need support.
India Aug 30, 2019

Nirmala Sitharaman Announces Bank Recap Plan After Meeting PSU Chiefs: Key Highlights

Union Finance Minister Nirmala Sitharaman on Friday announced bank recap plan after meeting PSU banks chiefs amid consolidation buzz. She stated that eight public sector banks have launched repo-linked home, vehicle, mortgage, cash credit loans to help boost the Indian economy. Here are the key highlights.
India Aug 28, 2019

Narendra Modi Cabinet Approves Liberalisation of FDI Norms to Boost Indian Economy, Allows 100% FDI in Coal Mining and 26% in Digital Media

PM Narendra Modi-led Union Cabinet took significant decisions to improve the economic situation of the country and announced liberalisation of Foreign Direct Investment (FDI) norms. It also announced 100 percent FDI in contract manufacturing through automatic route and 100 percent FDI in coal mining.
India Aug 27, 2019

Economic Slowdown Not as Bad as Depicted, Just Consumers' Preferences Changed: SBI Study

With Indian economy moving towards a downward direction and Union Finance Ministry mulling on schemes to get it back on track, a recent research note by SBI shows that the slowdown in various sectors is mainly driven by the lack of demand in the rural heartland and changed consumers' preferences.
Lifestyle Aug 26, 2019

Mother Teresa Birth Anniversary 2019 Special: Inspiring Quotes By Great Humanitarian on Her 109th Birthday

Mother Teresa was a saint who spent her entire life serving the needy, with utmost love and affection. Today the world is celebrating 109th birth anniversary of Mother Teresa. On this day, let's remember the inspiring quotes by the lady who changed people's perception towards the unprivileged section of the society.
India Aug 15, 2019

Independence Day 2019: Businessman Rajesh Sehgal Pays Rs 1,73,000 Penalty for 21 Prisoners Lodged in Agra Jail, Now Free to Celebrate Raksha Bandhan

With the Indians celebrating the 73rd Independence Day, Agra District Jail released 21 prisoners who completed their sentence but were serving extra time for not being able to pay penalties imposed on them by the court. Their penalties were paid by a businessman Rajesh Sehgal.
Lifestyle Aug 15, 2019

Bangladesh National Mourning Day 2019: Country Commemorates Father of Nation Sheikh Mujibur Rahman's Death Anniversary, Here’s All You Need to Know About Great Leader

Bangladesh is observing National Mourning Day 2019, commemorating the 'Father of Nation' Sheikh Mujibur Rahman's 44th death anniversary, who fought against the dictatorship of West Pakistan and led the nation to independence.
World Aug 13, 2019

New Green Card Rules in US: All You Need to Know About Changes Made by Donald Trump Administration in Rules For Permanent Resident Card

With the United States government all set to revive the Green Card, here's a detail description of 'Green Card', which enable a person to live and work permanently in the United States.
India Aug 09, 2019

RBI Likely to Slash Interest Rates Again in October and Early 2020: Report

Two Days after the Monetary Policy Committee, led by Reserve Bank of India Governor Shaktikanta Das, cut the Repo Rate by 35 basis points to 5.40 percent and Reverse Repo Rate at 5.15 percent, reports are arriving the RBI might consider slashing interest rates again at its October meeting and early next year.
India Aug 08, 2019

Economic Crisis in India: Task Force on Offshore Rupee Markets Submits Report to RBI Governor, Asks Extension of Foreign Exchange Market Hours

With the Indian economy on a declining streak and rupee losing against the US dollar for the fifth consecutive day, the Reserve Bank of India on Thursday informed that its task force on offshore rupee markets has submitted its report to the Governor Shaktikanta Das. They have recommended the extension of FX market hours and others.
India Aug 07, 2019

Food Inflation Plunges to 2.4% in June, Essential Commodities to Get Costlier Due to Uneven Rainfall: RBI

Hours after reducing the repo rate by 35 basis points and scaling it to 5.40 per cent, RBI informed that food inflation accelerated to 2.4 percent in June 2019 from 2 percent in May. The apex monitoring body even stated that food items would continue to get costlier due to uneven rainfall.

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