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  • More rate cuts on lower inflation, monsoon: Rajan
  • Washington: Reserve Bank may further lower the interest rate if inflation continues to ease and the monsoon turns out to be good, Governor Raghuram Rajan has said.

  • G20 embraces crackdown on tax havens, shell cos
  • Washington: The world''s leading economies today embraced a new crackdown on tax havens and the use of shell companies to hide money, as the Panama Papers scandal claimed another victim.

  • FinMin readying blueprint for less-cash society
  • New Delhi: Finance Ministry is preparing a blueprint in consultations with other departments to make India a less-cash society by incentivising card transactions and doing away with charges on digital payments.

  • Corporate earnings to rise by 25% in FY17: report
  • Mumbai: Corporate earnings are expected to grow by about 25 per cent in 2016-17, on likelihood of good monsoon, monetary easing as well as recovery in commodity prices, says a report.

  • AirAsia India's control is with Indian parties: AirAsia
  • New Delhi: AirAsia today asserted that effective control of its joint venture AirAsia India is with Indian parties and said "vested interests" were trying to prevent the local no-frills airline from offering competitive service and fares.

  • India to stop thermal coal imports; save Rs 40k cr
  • From Namita Tewari & Prajakta Karnik Mumbai, Apr 15 (PTI) In view of rising production of the dry fuel, India plans to completely stop thermal coal imports in 2-3 years that would result in annual savings of Rs 40,000 crore, Union Minister Piyush Goyal today said.

  • RenewBuy raises $1 mn from S'pore's Mount Nathan
  • Online auto insurance platform RenewBuy today said it has raised USD 1 million from Singapore-based investment and advisory firm Mount Nathan.

  • India's growth spillover unlikely outside SAsia: IMF
  • Even as India is now the fastest growing emerging economy in the world, its impact is unlikely to be felt beyond South Asia, senior International Monetary Fund (IMF) officials said on Friday and at the same time warned of the adverse consequences of China''s economic downtown.

  • Centre mulls including cruise tours under LTC 
  • Mumbai: Aiming to increase cruise tourism, the Centre is mulling to include vacations on luxury ships under the Leave Travel Concession (LTC) scheme where government employees get their travel costs reimbursed.

  • China economy slows down to 6.7 per cent
  • China today said its economy continued to slow down in the first quarter this year, declining to 6.7 per cent but in line with government targets amid claims by officials that several key indicators showed signs of stabilisation in the world''s second largest economy.

  • BRICS moves to set up bank institute, rating agency
  • BRICS countries today discussed the efficacy of "establishing" a bank institute and a rating agency of their own following the New Development Bank (NDB) becoming fully operational.

  • Infosys Q4 net grows 16.2 pc to Rs 3,597 cr
  • Bengaluru: Country's second-largest software services major Infosys today reported a 16.2 per cent growth in consolidated net profit at Rs 3,597 cr for the quarter ended March 31, 2016.
DAILY BANKING AND FINANCE UPDATES - 16/04/2016 Reviewed by Manohar Veera on 2:57:00 PM Rating: 5

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