German automobile giant Volkswagen has been recently in news on account of the emissions scandal. The Volkswagen emissions scandal began on 18 September 2015 when…
The Volkswagen emissions scandal
India signed 123.51 Million US dollar Loan Agreement with Asian Development Bank
India signed a 123.51 million US dollar loan agreement with Asian Development Bank (ADB) to upgrade tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.
China’s Forex Reserves decreased by record $94bn in August
In the month of August, China’s foreign exchange reserves decreased by $93.9 billion. This is the biggest monthly fall in China’s Forex reserves.
Canada faces first technical recession in six years
World’s 11th-biggest economy and the United States’ biggest trading partner Canada entered into the first technical recession in six years, apparently due to the falling energy prices and economic troubles in China.
PM Narendra Modi announced a new campaign “Start-up India, Stand up India”
In his Independence Day Adress Prime Minister Narendra Modi launched a new campaign with the name “Start-up India, Stand up India”.
Wholesale inflation in India lowest since 1976
Wholesale prices has fallen for the ninth consecutive month in July on the back of a decline in food and fuel prices, raising prospects of a cut in interest rates to give a push to growth.
Govt of India started overhauling PSU banks by appointing private sector executives in top positions
The Central government of India announced an overhaul of public sector banks. As a part of this process, the government drafted executives from the private sector to run at least two state-run lenders, for the first time since nationalization.
RBI paid government Rs 66,000 cr in dividend
The Reserve Bank of India paid a dividend of nearly Rs 66,000 crore to the government. The amount is the highest ever in the central bank’s 80year history, and 22% more than it paid last year.
Ban on Maggi in India hurts Nestle: Global net dips 2.5%
Swiss FMCG major Nestle reported 2.5% decline in its consolidated net profit at 4.51 billion Swiss francs for the first half of 2015 reportedly due to the ban on Maggy in India.
Inflation in India decreases while Industrial Output jumps to 4-month high
According to a recently released data, the Retail inflation in India decreased sharply in July, while industrial output growth rose to a four-month high in June.