Economy-News-The Economic Times 6 April 2018

Forex reserves rise by $1.82 billion to $424.36 billion

Forex reserves comprise FCAs, gold reserves, SDRs and the RBI's position with the IMF.

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CII to push for developing tier II cities: CII SR Chairman

The trade body would work with other relevant stake holders concerned in creating a robust and conducive industrial ecosystem in South India, he said in a statement.

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Trai starts consultation to improve MNP process

Trai has sought written comments from stakeholders by May 3, and has set May 17 as the deadline for counter comments on the issue.

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Is Modi government killing bitcoin to launch its own Lakshmi?

The RBI has formed a panel which will submit a report by June on the desirability and feasibility of introducing a virtual currency backed by the government.

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Export of oilmeals drops by 56% during March 2018

In term of value the total earning has increased to Rs 4,489 crores compared to Rs 3219 crores, up by 39%.

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India bans imports of hormone oxytocin to halt misuse in livestock industry

INDIA-OXYTOCIN-India bans imports of hormone oxytocin to halt misuse in livestock industry

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Store data locally, RBI directs payment facilitators

The RBI has asked all payment facilitators to ensure that data operated by them are stored only inside the country in order to check risks of data breaches.

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West Bengal plans to export mangoes to Europe

From June onwards, mango varieties like Himsagar, Lyangra, Fazli, Laxmanbhog and others are going to be exported to Europe.

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Income tax department wants to know a little bit more about you

By collecting more specific information from taxpayers through its new forms, the income tax department aims to check tax evasion.

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India's companies aren't as optimistic as its central bank

It’s not just businesses: Consumer confidence is also flagging, a challenge for those firms pinning their hopes on consumption picking up.

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