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Economy

  • RBI says focused on bringing inflation down to 4%

    RBI says focused on bringing inflation down to 4%  

    "The short-term macroeconomic priorities of the Reserve Bank continue to be to focus on bringing down inflation towards the government-set target of 4 percent," central bank Governor Raghuram Rajan wrote in the foreword to its ann...

    30 Aug 2016, 9.48 am  |  Source: Reuters

  • New RBI chief`s policies to broadly echo Rajan`s: Poll

    New RBI chief's policies to broadly echo Rajan's: Poll  

    "Urjit Patel and Raghuram Rajan share the same school of thought and they have co-signed the circulars that recommended inflation targeting," said Hemanth Raj Reddy, analyst at Cholamandalam Investment & Finance Co Ltd, a brokerag...

    30 Aug 2016, 9.47 am  |  Source: Reuters

  • Maharashtra Assembly ratifies GST Bill

    Maharashtra Assembly ratifies GST Bill  

    The proposal was passed unanimously by the Lower House, making Maharashtra the ninth state to ratify the GST bill, billed as the biggest tax reform since Independence.

    30 Aug 2016, 9.02 am  |  Source: PTI

  • Piyush Goyal bats for MIP on aluminium products

    Piyush Goyal bats for MIP on aluminium products  

    The minister suggested that the MIP should be similar to the one imposed by the government for the steel sector, which too has been grappling with similar dumping from China, Japan, and South Korea, among others.

    30 Aug 2016, 9.02 am  |  Source: PTI

  • Rate cut possible only if inflation eases: Raghuram Rajan

    Rate cut possible only if inflation eases: Raghuram Rajan  

    Retail inflation shot up to nearly 2-year high of 6.07 percent, while the one based on wholesale prices soared to a 23-month high of 3.55 percent in July.

    30 Aug 2016, 9.00 am  |  Source: PTI

  • Industry for mechanism to advice traders on GST provisions

    Industry for mechanism to advice traders on GST provisions  

    In its representation, Assocham will pitch for a two-year grace period during which the government may refrain from taking penal actions except in case of tax frauds on non-deposit of collected taxes.

    30 Aug 2016, 9.00 am  |  Source: PTI

  • Coal India fixes September 9 as record date for share buyback

    Coal India fixes September 9 as record date for share buyback  

    The country's leading miner had last week announced that its shareholders have approved buyback of 10.89 crore shares at a price of Rs 335 apiece, aggregating to Rs 3,650 crore.

    30 Aug 2016, 8.42 am  |  Source: PTI

  • India to grow at 7.6% in FY`17: RBI

    India to grow at 7.6% in FY'17: RBI  

    "Overall GVA (gross value added) growth is projected at 7.6 percent in 2016-17, up from 7.2 percent last year," RBI said in its Annual Report 2015-16.

    30 Aug 2016, 8.42 am  |  Source: PTI

  • There is possibility of Indo-UK free trade pact: Commerce Min

    There is possibility of Indo-UK free trade pact: Commerce Min  

    The issues were discussed during the meeting between Commerce and Industry Minister Nirmala Sitharaman and UK's Secretary of State for International Trade Liam Fox here.

    30 Aug 2016, 8.42 am  |  Source: PTI

  • India`s growth pace likely slowed in April-June: Poll

    India's growth pace likely slowed in April-June: Poll  

    The poll also found that economists expect the newly-passed goods and services tax (GST) will take time to have an impact on gross domestic product growth.

    30 Aug 2016, 8.09 am  |  Source: Reuters

  • Govt to sell 4 dated securities for Rs 14,000 crore on Sep 2

    Govt to sell 4 dated securities for Rs 14,000 crore on Sep 2  

    "The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India...," the Finance Ministry said in a statement.

    30 Aug 2016, 8.04 am  |  Source: PTI

  • Climate change can`t be rectified through economics only: Dave

    Climate change can't be rectified through economics only: Dave  

    Inaugurating a workshop on private sector facility under Green Climate Fund (GCF), he said Indian agricultural scientists were fully capable of meeting the demands of the country's farmers.

    30 Aug 2016, 8.00 am  |  Source: PTI

  • Climate change may halve coffee-growing area: Study

    Climate change may halve coffee-growing area: Study  

    Climate change is already impacting coffee crops around the world, according to the report by the Climate Institute, commissioned by Fairtrade Australia & New Zealand.

    30 Aug 2016, 8.00 am  |  Source: PTI

  • Rajan warns against unwarranted use of stressed asset schemes

    Rajan warns against unwarranted use of stressed asset schemes  

    Rajan said RBI has a variety of schemes - the 5/25, the SDR and sustainable structuring of assets (S4A) - by which a more sensible capital structure can be crafted for the project which are standard but struggling.

    30 Aug 2016, 7.44 am  |  Source: PTI

  • India, US sign logistic exchange pact boosting defence ties

    India, US sign logistic exchange pact boosting defence ties  

    Welcoming the signing of the bilateral 'Logistics Exchange Memorandum of Agreement' (LEMOA), Defence Minister Manohar Parrikar and US Defence Secretary Ashton Carter said the pact will facilitate opportunities for "practical engag...

    30 Aug 2016, 7.44 am  |  Source: PTI

  • RBI concerned over weak monetary policy transmission

    RBI concerned over weak monetary policy transmission  

    Reserve Bank today raised concerns over weak monetary policy transmission, saying the banks are loading a higher credit risk premia on their new customers to save their profitability.

    29 Aug 2016, 9.50 pm  |  Source: PTI

  • State FM panel to meet today on GST; industry demands key

    State FM panel to meet today on GST; industry demands key   

    The State Finance Ministers' empowered panel on GST meets for the first time tomorrow after the Parliament passed the landmark legislation.

    29 Aug 2016, 8.28 pm  |  Source: CNBC-TV18

  • Many benefits of moving to a bond market

    Many benefits of moving to a bond market  

    Meeting corporates' credit needs would emerge as a challenge, unless the corporate bond market develops rapidly, diversifying the risk across market participants other than banks.

    29 Aug 2016, 6.58 pm  |  Source: Moneycontrol.com

  • Cotton crop likely to be at 336 lakh bales in 2016-17: CAI

    Cotton crop likely to be at 336 lakh bales in 2016-17: CAI  

    Cotton production is estimated to be at 336 lakh bales for the cotton season 2016-17 starting October 1, on better weather conditions, Cotton Association of India (CAI) said in its first estimate.

    29 Aug 2016, 6.36 pm  |  Source: PTI

  • It`s not a big negative if there are no rate cuts: SBI Chairman

    It's not a big negative if there are no rate cuts: SBI Chairman   

    Speaking to CNBC-TV18, Arundhati Bhattacharya, Chairman, SBI, said it it won’t be a big negative, if there are no rate cuts. But she did say that a rate cut brings in more confidence. A whole of experts, and industry experts als...

    29 Aug 2016, 5.50 pm  |  Source: CNBC-TV18

  • Next year`s Union Budget may be tabled on Jan 31 or Feb 1: Srcs

    Next year's Union Budget may be tabled on Jan 31 or Feb 1: Srcs   

    The Winter Session of the Parliament may also be advanced if the Budget Session is shifted to January, say sources. The call on advancing the Budget Session and Winter Session's date will be taken together.

    29 Aug 2016, 4.54 pm  |  Source: CNBC-TV18

  • Jaitley wants Indo-US trade on firmer footing, hardsells NIIF

    Jaitley wants Indo-US trade on firmer footing, hardsells NIIF  

    US Secretary of Commerce Penny Pritzker, in her meeting with Jaitley, too said the US wants to institutionalise the trade relations between the two countries to give it an impetus. There is "a great potential to increase the bilat...

    29 Aug 2016, 3.40 pm  |  Source: PTI

  • Indo-US trade ties have broken every record: US envoy

    Indo-US trade ties have broken every record: US envoy  

    The enhanced bilateral relations are a result of a significant increase in government-to-government dialogue, US Ambassador Richard Verma said.

    29 Aug 2016, 3.18 pm  |  Source: PTI

  • Telangana Assembly special session on Aug 30 to ratify GST Bill

    Telangana Assembly special session on Aug 30 to ratify GST Bill  

    Governor ESL Narasimhan has also issued a notification authorising the Assembly Speaker and Council Chairman to convene both the Houses respectively tomorrow at 11 AM.

    29 Aug 2016, 3.12 pm  |  Source: PTI

  • Govt to amend norms in 15 days for fixing prices of 350 drugs

    Govt to amend norms in 15 days for fixing prices of 350 drugs  

    Addressing the foundation day of the National Pharmaceutical Pricing Authority (NPPA), the Chemicals and Fertiliser Minister said the prices of nearly 900 medicines have been fixed under the Drugs (Prices Control) Order, (DPCO) 20...

    29 Aug 2016, 2.52 pm  |  Source: PTI

  • GST will make consumer goods cheaper, boost jobs: CBEC

    GST will make consumer goods cheaper, boost jobs: CBEC  

    "... (GST will) create a unified common national market for India, giving a boost to foreign investment and Make in India campaign," the Central Board of Excise and Customs (CBEC) said in an advertisement in major newspapers.

    29 Aug 2016, 2.44 pm  |  Source: PTI

  • Indo-US CEO Forum to review progress on boosting business ties

    Indo-US CEO Forum to review progress on boosting business ties  

    Besides, the two sides are likely to discuss innovation and entrepreneurship, various other policies and measures to further trade ties between both the countries.

    29 Aug 2016, 1.04 pm  |  Source: PTI

  • Maha Legislature session to consider ratification of GST Bill

    Maha Legislature session to consider ratification of GST Bill  

    In the Assembly, Finance Minister Sudhir Mungantiwar tabled a resolution to ratify the GST Bill, while Minister of State for Finance Deepak Kesarkar introduced it in the Council.

    29 Aug 2016, 1.00 pm  |  Source: PTI

  • MP CM in US to woo investors, says state `ideal` for investment

    MP CM in US to woo investors, says state 'ideal' for investment  

    "Madhya Pradesh is the heartland of India and is an ideal destination for investment. It is conducive to business and we have put in place investor friendly policies for various sectors to ensure ease of doing business for the for...

    29 Aug 2016, 12.46 pm  |  Source: PTI

  • Salt export decreases

    Salt export decreases  

    While 71084 tonnes of salt was exported in 2014-15 it was to 36,918 tonnes in 2015-16, mainly due to competition from Gujarat and other countries including Iran and Pakistan entering export markets.

    29 Aug 2016, 12.14 pm  |  Source: PTI

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