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Economy

  • MP approves 6 projects worth Rs 3,285 cr of investment

    MP approves 6 projects worth Rs 3,285 cr of investment  

    "The committee approved the six projects which would bring capital investment worth Rs 3,285 crore in the state," a Public Relations department officer said today.

    17 Jan 2017, 12.16 pm  |  Source: PTI

  • Budget 2017: FM may hike service tax from 15% to close gap with 18% GST rate

    Budget 2017: FM may hike service tax from 15% to close gap with 18% GST rate  

    A higher service tax will prevent a greater price shock after GST kicks-in from July 1, 2017; it will also help the Centre partially offset the revenue loss from forgoing exclusive rights over service tax that accounts for 14% of ...

    17 Jan 2017, 12.12 pm  |  Source: Moneycontrol.com

  • India among top six promising markets, but slips one notch

    India among top six promising markets, but slips one notch  

    According to the annual global CEO survey of consultancy giant PwC, released here at the WEF annual meeting, the top two markets from the growth point of view are the US, as voted by 43 percent of respondents, followed by China (3...

    17 Jan 2017, 12.08 pm  |  Source: PTI

  • Demonetisation a success, should benefit organised sector: Enam

    Demonetisation a success, should benefit organised sector: Enam  

    Chairman of Enam Securities Vallabh Bhansali believes demonetisation is a success despite ‘flip-flop on rules that government has to calibrate on daily basis.’

    17 Jan 2017, 11.22 am  |  Source: CNBC-TV18

  • India imports 2.7 mn tonnes wheat so far this fiscal

    India imports 2.7 mn tonnes wheat so far this fiscal  

    However, traders have not signed any import deals for wheat delivery beyond March as they are sceptical that the government may reimpose customs duty on the grain when the harvesting of the new crop starts from April 2017.

    17 Jan 2017, 9.58 am  |  Source: PTI

  • Current account deficit likely to be 1.3% of GDP in 2017: Report

    Current account deficit likely to be 1.3% of GDP in 2017: Report  

    According to Japanese financial services major Nomura, as the cash crunch eases from April-June quarter of this year the country's import growth is expected to rebound faster than the export growth.

    17 Jan 2017, 9.58 am  |  Source: PTI

  • Railway ministry, Karnataka sign MoU for suburban railway system

    Railway ministry, Karnataka sign MoU for suburban railway system  

    The MoU for the development of suburban railway system in Bengaluru was released by Railway Minister Suresh Prabhu and Chief Minister Siddaramaiah at a function here.

    17 Jan 2017, 9.54 am  |  Source: PTI

  • India inks financing pact with World Bank for $48 million

    India inks financing pact with World Bank for $48 million  

    "The objectives of the project are to improve health services and increase their utilization by communities in targeted locations in Nagaland," the Finance Ministry said in a statement.

    17 Jan 2017, 9.54 am  |  Source: PTI

  • Note ban has put RBI credibility at stake: Prakash Ambedkar

    Note ban has put RBI credibility at stake: Prakash Ambedkar  

    "If it is true, then what purpose the decision of demonetisation (whose one of the aims was to extinguish black money) has served? The entire episode has put the credibility of RBI at stake."

    17 Jan 2017, 9.52 am  |  Source: PTI

  • RBI cancels registration certificate of Mumbai-based NBFC

    RBI cancels registration certificate of Mumbai-based NBFC  

    "RBI has cancelled the certificate of registration of Nupoor Capitals Private Limited," RBI said in a release.

    17 Jan 2017, 9.52 am  |  Source: PTI

  • US-China trade war could turn ugly: Raghuram Rajan

    US-China trade war could turn ugly: Raghuram Rajan  

    Speaking to CNBC former RBI Governor Raghuram Rajan raised concern over the protectionist policies proposed by US President-elect Donald Trump and said there is a significant risk of a trade war between US and China.

    17 Jan 2017, 9.38 am  |  Source: CNBC-TV18

  • IRCTC to launch first pilgrim train for North East region

    IRCTC to launch first pilgrim train for North East region  

    Originating from Guwahati, the train will be launched on February 17 and cover pilgrimage sites in West Bengal and Odisha. These sites include Gangasagar, Sri Swamy Narayan Temple, Kalighat and Birla Temple in West Bengal as well ...

    17 Jan 2017, 9.08 am  |  Source: PTI

  • Swiss firm Stadler to set up rail coach unit in Vizag: CMO

    Swiss firm Stadler to set up rail coach unit in Vizag: CMO  

    The CMO, in a release on Chandrababu's visit to Zurich, however, came out with a misleading statement that Stadler already has a manufacturing unit in Kanchrapara, West Bengal and that the proposed Visakhapatnam unit would be its ...

    17 Jan 2017, 9.08 am  |  Source: PTI

  • RBI autonomy important, retain its special status: Montek

    RBI autonomy important, retain its special status: Montek  

    Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan. RBI union too expressed concerns over dilution of central bank's autonomy over the way demonetisation is...

    17 Jan 2017, 9.08 am  |  Source: PTI

  • Budget 2017: Govt may put Rs 1,500 a month in pockets of poor, unemployed

    Budget 2017: Govt may put Rs 1,500 a month in pockets of poor, unemployed  

    In an effort to eradicate poverty, the government is working on an income transfer scheme that could form the basis of a national social security system, according to a report in The Economic Times.

    17 Jan 2017, 9.04 am  |  Source: Moneycontrol.com

  • J&K awaits Centre`s nod for Rs 323 cr for water transport proj

    J&K awaits Centre's nod for Rs 323 cr for water transport proj  

    Jammu and Kashmir Minister for PHE, Irrigation and Flood Control, Sham Lal Choudhary said that the project report of Rs 323.26 crore has been submitted to the Centre and the sanction in this regard is awaited.

    17 Jan 2017, 9.04 am  |  Source: PTI

  • Hike direct benefit transfer, don’t cut income tax: Pronab Sen

    Hike direct benefit transfer, don’t cut income tax: Pronab Sen  

    “The number 1 priority right now is to inject as much demand in the economy as possible and this can be done the quickest through a direct benefits transfer,” Pronab Sen told News18.

    17 Jan 2017, 8.38 am  |  Source: NEWS18.com

  • Japan keen to invest in Jharkhand

    Japan keen to invest in Jharkhand  

    Jharkhand has much potential and companies from Japan are interested to join the development programmes, an official release quoted Taga as saying.

    17 Jan 2017, 7.48 am  |  Source: PTI

  • Indian CEOs most confident on short-term revenue growth: Survey

    Indian CEOs most confident on short-term revenue growth: Survey  

    Global consultancy PwC's 20th annual survey of CEOs worldwide showed that as many as 38 percent are very confident about their company's growth prospects in the next 12 months compared to 35 percent seen last year.

    17 Jan 2017, 7.48 am  |  Source: PTI

  •  GST rollout: Govt, India to get parity on some issues, says EY

    GST rollout: Govt, India to get parity on some issues, says EY   

    The time now available should be utilised both by government and corporates to get parity on some of the issues, says Sudhir Kapadia National Tax Leader, EY.

    16 Jan 2017, 9.20 pm  |  Source: CNBC-TV18

  • Centre mulls making domestic steel use binding for govt projs

    Centre mulls making domestic steel use binding for govt projs  

    In a bid to increase domestic steel consumption, the Centre is planning to come up with a policy under which it will be mandatory to use locally manufactured steel for all infrastructure and construction projects of the government...

    16 Jan 2017, 8.54 pm  |  Source: PTI

  • RBI must be autonomous, but also accountable: Ahluwalia

    RBI must be autonomous, but also accountable: Ahluwalia   

    Speaking to CNBC-TV18 note economist Montek Singh Ahluwalia said that central banks need to have credibility. The impact of a central bank in people’s minds depends on this credibility.

    16 Jan 2017, 8.39 pm  |  Source: CNBC-TV18

  • Budget 2016 recap: When Jaitley focused on Bharat

    Budget 2016 recap: When Jaitley focused on Bharat  

    Finance Minister Arun Jaitley presented the Union Budget with a focus to alleviate the slowdown in rural India, which had been battered by back-to-back years of drought.

    16 Jan 2017, 8.16 pm  |  Source: Moneycontrol.com

  • IMF`s India GDP forecast cut not out of place: Barclays

    IMF's India GDP forecast cut not out of place: Barclays   

    IMF cutting its GDP growth expectations to 6.6 percent is not out of place, he says. The cut could have been bigger. He himself expects a GDP growth of 6.5 percent.

    16 Jan 2017, 8.10 pm  |  Source: CNBC-TV18

  • Post-demonetisation, IMF cuts India`s growth to 6.6%

    Post-demonetisation, IMF cuts India's growth to 6.6%   

    The IMF today cut India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also deceler...

    16 Jan 2017, 7.42 pm  |  Source: PTI

  • Mauritius wants to diversify sugar biz; inks pact with India

    Mauritius wants to diversify sugar biz; inks pact with India  

    Facing crisis in the sugar sector, Mauritius today signed a pact with India -- the world's second biggest producer of the sweetener, to gain expertise and support for diversifying the sugar business, especially of cooperative mill...

    16 Jan 2017, 7.36 pm  |  Source: PTI

  • GST rollout on July 1, consensus on dual control

    GST rollout on July 1, consensus on dual control   

    India will likely roll-out a country-wide goods and services tax (GST) from July 1, three months behind the original April 1 schedule, even as the Centre and states hammering out a consensus on Monday on the two thorny issues of ...

    16 Jan 2017, 7.32 pm  |  Source: Moneycontrol.com

  • `Employers in India likely to trim head count on automation`

    'Employers in India likely to trim head count on automation'  

    More than a quarter of employers in India are expected to reduce their headcount on account of automation, which is expected to impact majority of companies worldwide, says a report.

    16 Jan 2017, 6.30 pm  |  Source: PTI

  • Inflation up 3.39%, may rise further in Jan-Feb

    Inflation up 3.39%, may rise further in Jan-Feb  

    As wholesale prices rose 3.39 per cent in December, India Inc today said the focus should be on growth-oriented reforms that boost consumption, investment and job creation, while economists opined that inflation may rise in Ja...

    16 Jan 2017, 6.18 pm  |  Source: PTI

  • UBI sees credit growth at 7-8% by end-Mar

    UBI sees credit growth at 7-8% by end-Mar  

    Credit growth of United Bank of India (UBI) at the end of FY 2016-17 will be as low as 7-8 percent due to demonetisation impact, its MD & CEO P Bajaj said.

    16 Jan 2017, 6.08 pm  |  Source: PTI

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