Upfront
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"India to seal border with Pakistan by December 2018"
- Rajnath Singh, Union Minister of Home Affairs, announced after meeting state chief ministers amid growing tensions between the two neighbours following the Indian Army's surgical strike after the Uri terrorist attack
"Dealing with stressed assets will require skill and creativity"
- Urjit Patel, Governor, Reserve Bank of India, on dealing with the bad loans problem of banks with a more pragmatic approach. Patel also hinted at transferring stressed assets to a bad bank entity
Rs 65,250 crore, is the biggest ever black money disclosure under the Income Declaration Scheme by 64,275 declarants, yielding Rs 29,362 crore in taxes to the government
Royal Ransom
You could be richer by Rs 6,05,39,051 if you had invested Rs 55,000 in Eicher Motors shares in 2001 instead of buying a Royal Enfield motorbike for the same amount. The share price of the company grew 1,100 times from Rs 23.45 on April 2, 2001, to Rs 25,835.10 on October 10, 2016
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Jobs Needed
Unemployment rate in India has shot up to a five-year high of 5 per cent in 2015/16, with the figure significantly higher at 8.7 per cent for women as compared to 4.3 per cent for men, says a report by Labour Bureau
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IMF Boost
The International Monetary Fund expects India to grow 7.6 per cent in 2016/17, up from its earlier projection of 7.4 per cent three months ago. It cited resilience of the economy and robust growth momentum for the upgrade
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Spectrum Gains
The much-hyped spectrum auction saw the government amass Rs 65,789.12 crore from the sale of the 964.80 MHz band. The telcos ignored the coveted 700-MHz band, which alone could have fetched around Rs 4 lakh crore. There was no bidding in the 900-MHz band either
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