Month: May 2017

World Bank to provide $ 36 million loan for Himachal Pradesh

The programme size is USD 45 million, of which USD 36 million will be financed by the Bank and the remaining amount will be funded out of state budget.(PTI) The World Bank will extend a loan of USD 36 million to improve the efficiency of public expenditure management and tax administration in Himachal Pradesh. The …

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Don’t panic if there’s a downgrade in your debt fund

Debt fund investors don’t need to panic if they suffer interim losses during to rating downgrades of companies in their debt mutual fund schemes. Experts say that as long as the exposure of the fund to such downgraded paper is limited to five-seven per cent, there should be no reason to get too worried. “Most …

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Bank portability: A good suggestion

Lately, bank charges and unfair trade practices have been in the news. In fact, an online petition has been started by a group of professionals, urging the Reserve Bank of India (RBI) governor to stop banks from fleecing depositors and borrowers alike. The petition has already garnered 100,000-plus signatures. Against this background, RBI Deputy Governor …

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Maharashtra farmers to go on ‘strike’ from Wednesday

“With the farmers going on strike, major cities like Mumbai, Thane, Navi Mumbai, Pune, Nashik, Nagpur could face shortages of essentials fruits, vegetables, milk and food grains in the coming days,” said Swabhimani Shetkari Sanghatana leader and MP Raju Shetti.(PTI) Over half a million farmers across Maharashtra on Wednesday said that they plan to launch …

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Nandini K.R. tops UPSC Civil Services examination 2016

Nandini K. R. has topped the Union Public Service Commission (UPSC) civil services examination, 2016. (PTI) Nandini K. R. has topped the Union Public Service Commission (UPSC) civil services examination, 2016. Anmol Sher Singh Bedi and G. Ronanki secured the second and third positions respectively. The UPSC declared the results of civil services (main) examination, …

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A driving force in focused marketing

Imagine interacting live with one of your favourite influencers, walking by her, checking out her new furniture if you are into interior decoration or following a cooking class with her if you are a foodie; and on top of that having a real-time conversation with her without stepping out of your house. This is what …

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Delhi Assembly passes state GST bill in a special session

NEW DELHI: The Delhi Assembly today passed the state Goods and Services Tax (GST) Bill even as Chief Minister Arvind Kejriwal pitched for capping the tax rate at a maximum of 10 per cent. A special session of the Assembly cleared the bill with voice vote after an extensive discussion and also adopted a resolution …

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Federal official says US immigration crackdown could hit economy

NEW YORK: The Trump administration’s crackdown on illegal immigrants will likely weaken overall U.S. consumer spending and economic growth as those targeted for arrest increasingly choose to stay home and save more, a Federal Reserve policymaker said on Wednesday. Millions of immigrants “are not going out and shopping, they are staying home, they are afraid …

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Nestle launches YIYANG powder to target China’s ageing population

For decades, Nestle has tried to get its infant milk powder into the hands of China’s new mothers with promises of brighter, healthier babies. Now it’s trying to do the same for the elderly. Last week, the company launched “Nestle YIYANG Fuel for brain TM senior milk powder,” a formula designed to help China’s seniors …

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Data-rich hotels wow guests

In the hospitality industry, particularly among top-notch hotels, a 360-degree digital walk-through, an active website and interactive apps have become hygiene. To stay ahead in the race, smart players in this data-rich sector are taking the lead in deploying data analytics and artificial intelligence (AI) to enhance customer experience, build loyalty and achieve repeat revenue …

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