Piyush Goyal returns as Interim FM till Jaitley is indisposed : Bulletin: Business Today
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Piyush Goyal returns as Interim FM till Jaitley is indisposed

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January 24, 2019

WEF 2019: Urbanisation to be big driver of Indian economic growth, says Kant

Urbanisation will be a big driver of economic growth in India going forward, supported by favourable macroeconomic factors, accelerated infrastructure building and continuing reforms, NITI Aayog CEO Amitabh Kant said at an event on the sidelines of the World Economic Forum Annual Meeting in Davos. He also said the Indian economy may even exceed the IMF growth forecast of 7.5 per cent for the country.

Pension fund regulator seeks FinMin's approval to increase upper age limit for Atal Pension Yojana

The finance ministry is looking at some of the suggestions of PFRDA including increasing upper age limit for availing Atal Pension Yojana (APY) to 50 years, Financial Services Secretary Rajiv Kumar said. To make APY more attractive, the Pension Fund Regulatory and Development Authority (PFRDA) has sought the ministry's nod to double the guaranteed minimum pension under the scheme to Rs 10,000 per month and increase the upper age limit to avail the scheme to 50 from existing 40.

Piyush Goyal returns as Interim Finance Minister till Arun Jaitley is indisposed

Union minister Piyush Goyal has been handed the additional charge of Ministry of Finance and Ministry of Corporate Afffairs, just a week before the Union Budget 2019 has to be tabled before Parliament. Goyal, who already is in-charge of the Railway and Coal ministries, will now stand in for Arun Jaitley till the time he is indisposed.

RCom's net loss widens to Rs 238 crore in December quarter

Reliance Communications (RCom) saw its net loss widen in the third quarter of the current fiscal as the Anil Ambani-led company prepares to sell its consumer telecommunications and DTH business to Mukesh Ambani's Reliance Jio . The embattled telco posted a loss of Rs 238 crore on consolidated basis during the quarter ended on December 31, 2018

Microsoft's Bing search engine goes offline in China

The Microsoft-run search engine Bing was unavailable in mainland China late Wednesday, raising concerns among some social media users that it could be the latest foreign website to be blocked by censors. It is not clear whether or not Bing has joined China's long list of prohibited websites or if its China service is experiencing technical difficulties. Facebook, Twitter and a host of Western media websites are blocked in China. While its rival Google shut down its search engine in China in 2010, Bing has continued to operate in the country along with Microsoft-owned Skype.

Hyundai Electronic ventures into Indian home appliances market

Hyundai Electronics, an arm of South Korean multinational Hyundai Corporation, said it has ventured into the fast growing Indian consumer electronics and home appliances market. The company would focus on market research and product innovation here and work in areas like artificial intelligence, technology and energy-efficiency, Hyundai Electronics said.

India, China affecting world economy much more today, need to relook at global financial systems: Merkel

German Chancellor Angela Merkel on Wednesday said countries like India and China have begun affecting the world economy much more today and that needs to be taken into account for having a relook at the global trade and financial systems. In a veiled attack at policies being adopted by countries like the US, she said, "There is a new approach in the world that says shouldn't we look after our own, and ensure that our own are looked after." She was speaking at the World Economic Forum in Davos




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