Economy-News-The Economic Times 4 April 2018

India Ratings ups India’s FY19 GDP growth to 7.4%, cautions on bank NPAs

Tightening global financial markets in combination with the NPA-laden domestic banking sector could affect international capital inflows, it cautioned.

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Loan write-offs decline to 13 per cent of gross NPAs in FY17: RBI data

Mounting NPA has become a big problem for the banking sector. Lenders use write-offs as one of the tools to bring down bad debt on their books by making 100 per cent provision.

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NITI submits draft Cabinet note on zero-emission vehicles

Minister of State for Planning Rao Inderjit Singh said that, in order to promote electric vehicles, NITI Aayog has proposed the formation of six committees.

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Govt to revamp certification bodies and commodities boards to boost exports

Experts have welcomed the move saying it will benefit as long as technically sound people are recruited in these agencies.

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ICRA predicts decent growth for domestic poultry industry

The healthy growth registered by the industry in the past decade has made India into one of the fastest growing poultry market, according to an ICRA note released on Wednesday.

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Only 2% unincorporated units received government aid, says survey

It also found that just one per cent of these units received assistance from the government in the form of financial loans, stated the National Sample Survey report.

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We won't like environment issues at WTO: Commerce minister Suresh Prabhu

"There is a separate protocol for environment. WTO deals only with trade issues," Commerce minister Suresh Prabhu said.

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'Over 17 lakh e-way bills generated in 3 days'

The number of e-way bills generated on its platform has been steadily rising with 2.59 lakh bills on April 1, followed by about 6.5 lakh and 8.15 lakh bills in the subsequent two days.

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India, Sweden in talks to create partnership on innovation

Molin said negotiations were in progress, and hoped that the partnership would get a concrete shape in the coming weeks.

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Can file transitional credit form by April 30: Fin Min

However, the taxpayers who avail of the extended deadline will not be permitted to amend the amount of transitional credit they claimed while filing the form.

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