Bizbits — Inflation falls below 4%

NEW DELHI: Annual rate of inflation once again fell below the four per cent-mark to 3.97 per cent for the week ended October 18, despite an...

NEW DELHI: Annual rate of inflation once again fell below the four per cent-mark to 3.97 per cent for the week ended October 18, despite an increase in rail freight charges during the week. Economists have suggested that low level of inflation maybe due to slackening of demand in the economy, evident from the slow movement in the prices of manufactured products. Had it not been for the increase in administered prices of items like petroleum products and power during the year, the inflation would have been even lower. However, the National Council for Applied Economic Research has predicted that the inflation would pick up in the second half of the current fiscal and is likely to end the year with an average inflation of six per cent.

SEBI on CSE

CALCUTTA: SEBI has observed that investors’ confidence in the Calcutta Stock Exchange has waned considerably .In a confidential report, circulated among the public nominees on the CSE board, SEBI said the CSE earlier used to be a leader in price discovery for scrips, but of late it has become a follower, and to some extent, a centre for arbitrage.

Tata-Raytheon

NEW DELHI: The Rs 3,900 crore Tata-Raytheon airport proposal will be put-up to the Union Cabinet for its approval within a month. This was confirmed by S Gupta, director, Tata Industries. "All outstanding issues pertaining to the airport have been resolved between the Tata-led consortium, the Karnataka Government and the central government" said Gupta. It is expected that the clearence may come without any fresh hurdles posed for the airport project.Loans for power

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JAIPUR: The centre will provide loans to the tune of Rs 2000 to 3000 crore to various states and agencies during the current year, Union Energy Minister Y K Alagh said today. Alagh said the loans would be provided at a low interest rate under the accelerated power generation programme. Besides, a four per cent subsidy would also be given under the programme.ICI clearance

NEW DELHI: The Foreign Investment Promotion Board (FIPB) has asked ICI plc to get a supporting resolution from the Asian Paints board before it could consider its application for acquiring 9.1 per cent stake in the Indian company. Sources said that a communication had been sent to the company recently. The communication, it is understood, says that the foreign company’s application is incomplete cannot be considered unless accompanied by a board resolution.

‘Double bonanza for poor, middle class’: PM’s swadeshi pitch ahead of new GST roll out

India4 hr ago

PM Modi announced the rollout of new GST rates, calling it a "GST bachat utsav" and promising cheaper prices for medicines, insurance, and daily essentials. He emphasized that these reforms would ease doing business, attract investment, and benefit the poor, middle class, MSMEs, farmers, women, traders, and youth. He urged citizens to promote swadeshi goods.

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