Today’s Major Business News Stories

JAITLEY
New Delhi: Hitting back at naysayers, Union Minister Arun Jaitley said today that 7.7 per cent growth in the March quarter has “firmly” established India as the fastest growing major economy and the future looks much brighter than the past.

FISCAL DEFICIT
New Delhi: The government is committed to meeting the fiscal deficit target of 3.3 per cent for the current fiscal despite it being an election year, Finance Minister Piyush Goyal said today.

STOCKS
Mumbai: Indian benchmark equity indices ended lower today mainly due to sell-offs in metal, bank and IT counters as investors turned cautious over escalation of trade tariff spat between the US and China.

AVI-AIR INDIA
New Delhi: Union minister Arun Jaitley along with senior ministerial colleagues and officials today discussed the future course of action for debt-laden Air India, weeks after its strategic disinvestment proposal failed to attract any bidders, sources said.

JAITLEY-OIL
New Delhi: Union Minister Arun Jaitley today urged citizens to pay their due share of taxes “honestly” to reduce dependence on oil as a revenue source, and virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive.

BANK-CAPITAL
Mumbai: Singaporean sovereign wealth fund Temasek Holdings today picked up 5 per cent equity in AU Small Finance Bank for a consideration of Rs 1,000 crore, making it one of largest primary capital infusions into the bank.

GST REFUNDS-MITRA
Kolkata: West Bengal Finance Minister Amit Mitra today said that exporters across the country were awaiting refunds to the tune of Rs 25,000 crore, which have been stuck due to the “inability” of the GST Network (GSTN).

PRASAD-AADHAAR
New Delhi: IT Minister Ravi Shankar Prasad today came out in strong defence of Aadhaar, saying the world’s largest biometric identification programme has already established its usefulness and benefit for over 121-crore unique ID number holders.

RUPEE CLOSE
Mumbai: The rupee staged a recovery towards the fag-end of the session today and ended with a marginal 2 paise gain at 67.99 against the US dollar even as geopolitical worries continued triggering caution among forex traders.

BULLION-CLOSE
New Delhi: Silver weakened by Rs 160 to Rs 41,190 per kg at the bullion market today owing to reduced offtake by consuming industries, while gold held steady on scattered deals.

BIZ-GOYAL-PSB
New Delhi: Finance Minister Piyush Goyal will meet heads of 13 public sectors banks (PSBs) tomorrow to resolve various issues concerning them.

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