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Economy

  • Service tax mop-up from Mumbai jumps 23% in Apr-Jul

    Service tax mop-up from Mumbai jumps 23% in Apr-Jul  

    Service tax collection from Mumbai zone has surged by nearly 23 percent during the first four months of the fiscal over the year-ago period and has also surpassed the set target.

    28 Aug 2016, 11.44 am  |  Source: PTI

  • FPIs stay bullish, pour Rs 8,000-cr in equities in Aug

    FPIs stay bullish, pour Rs 8,000-cr in equities in Aug  

    Building on their buying momentum, foreign investors have pumped in over Rs 8,000 crore in Indian stock markets so far this month, driven by global and domestic factors.

    28 Aug 2016, 11.44 am  |  Source: PTI

  • Swamy targets GSTN again, to write to Amit Shah, BJP CMs

    Swamy targets GSTN again, to write to Amit Shah, BJP CMs  

    Sharpening his attack against GSTN, the company set up to create IT backbone for GST rollout, BJP MP Subramanian Swamy today said he will write to party president Amit Shah and chief ministers of BJP-ruled states to oppose its str...

    27 Aug 2016, 6.30 pm  |  Source: PTI

  • 2% rate cut necessary to boost SMEs, create jobs: Nirmala

    2% rate cut necessary to boost SMEs, create jobs: Nirmala  

    Union Minister Nirmala Sitharaman today defended her demand for 2 per cent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits...

    27 Aug 2016, 6.30 pm  |  Source: PTI

  • Banks air concern on RBI credit rules to large borrowers

    Banks air concern on RBI credit rules to large borrowers  

    Banks have raised concerns on Reserve Bank of India's new norms for bank exposure to large corporate entities, particularly in large infrastructure projects.

    27 Aug 2016, 6.30 pm  |  Source: PTI

  • Govt extends export benefit to onions amid price crash

    Govt extends export benefit to onions amid price crash  

    To arrest steep fall in onion prices and protect farmers interest, government today decided to extend export duty benefits to onion for promoting its outbound shipments.

    26 Aug 2016, 9.40 pm  |  Source: PTI

  • Patel will carry forward inflation fight: Raghuram Rajan

    Patel will carry forward inflation fight: Raghuram Rajan  

    Outgoing Reserve Bank Governor Raghuram Rajan today exuded confidence that his successor Urjit Patel will carry forward the work they began on taming inflation.

    26 Aug 2016, 9.10 pm  |  Source: PTI

  • Union & Rail Budget marriage: Here are the pros & cons

    Union & Rail Budget marriage: Here are the pros & cons  

    In a letter, Railways Minister Suresh Prabhu urged Arun Jaitley to merge the two Budgets together and after raising the matter in the Rajya Sabha, the Finance Ministry has constituted a committee to look into the matter and submit...

    26 Aug 2016, 9.03 pm  |  Source: Moneycontrol.com

  • Leeway to infra funding will risk financial stability: Rajan

    Leeway to infra funding will risk financial stability: Rajan  

    Outgoing RBI Governor Raghuram Rajan today rejected granting any leeway in norms for activities of 'national importance' like funding of infrastructure, saying that the Reserve Bank cannot compromise systemic stability and governm...

    26 Aug 2016, 8.32 pm  |  Source: PTI

  • `Credit growth may improve in H2 on refinance, telco demand`

    'Credit growth may improve in H2 on refinance, telco demand'  

    The slowdown is primarily due to a stagnation in projects, and the low-risk refinancing loans of completed infrastructure projects in sectors like power and roads will help push the credit growth.

    26 Aug 2016, 6.32 pm  |  Source: PTI

  • Foreign seed firms form alliance to protest India regulation

    Foreign seed firms form alliance to protest India regulation  

    The India businesses of Monsanto, Bayer, Dow, Dupont Pioneer and Syngenta have joined the group, which was about to hold a news conference.

    26 Aug 2016, 4.04 pm  |  Source: Reuters

  • `India can recast global narrative; needs 8-10% growth`

    'India can recast global narrative; needs 8-10% growth'  

    "India needs to growth at 8-10 percent over next 20 years if it is to create jobs for youthful population, if it is to reduce tremendous under-employment and if it is to achieve inclusive growth including significant shift of peop...

    26 Aug 2016, 4.00 pm  |  Source: PTI

  • Mfg growth to be higher in Q2 on better export outlook: Poll

    Mfg growth to be higher in Q2 on better export outlook: Poll  

    The latest quarterly survey by Ficci on manufacturing outlook for the second quarter also finds that the interest rate paid by the manufacturers still remains high and sticky.

    26 Aug 2016, 3.32 pm  |  Source: PTI

  • Government invites public comments on changing financial year

    Government invites public comments on changing financial year  

    Some arguments are less on the intrinsic merit or demerit of the change and more on the timing of the change, such as when it coincides with other developments impacting businesses, said the write-up, inviting public comments by S...

    26 Aug 2016, 3.10 pm  |  Source: PTI

  • Price correction boosts demand;Indian discounts fall to 3mth low

    Price correction boosts demand;Indian discounts fall to 3mth low  

    The safe-haven asset, which is highly sensitive to interest rates, has declined more than 1 percent this week as upbeat US economic data boosted expectations of an interest rate hike by the Federal Reserve this year.

    26 Aug 2016, 2.07 pm  |  Source: Reuters

  • RBI`s bond mkt reforms and the opportunity for ratings agencies

    RBI's bond mkt reforms and the opportunity for ratings agencies   

    The Reserve Bank of India's decision to open up the corporate bond market will lead to more trading and liquidity in the securities.

    26 Aug 2016, 1.22 pm  |  Source: CNBC-TV18

  • Masala bonds to ease capital constraints for banks: Fitch

    Masala bonds to ease capital constraints for banks: Fitch  

    Fitch said the RBI's proposal to allow banks to issue 'masala bonds' - rupee-denominated bonds issued in offshore capital markets - would ultimately deepen the market for AT1 and tier II bond issuance.

    26 Aug 2016, 12.50 pm  |  Source: PTI

  • Polavaram project hangs fire as Centre frowns over execution

    Polavaram project hangs fire as Centre frowns over execution  

    The report, which is currently under the perusal of the Prime Minister's Office, could well determine the fate of the project even as Chief Minister N Chandrababu Naidu is desperate to complete it ahead of the next election due in...

    26 Aug 2016, 12.44 pm  |  Source: PTI

  • Need to change laws, speed up processes to transform India: PM

    Need to change laws, speed up processes to transform India: PM  

    Stressing on the need to bring changes through transformation of governance, Modi said it cannot happen with an administrative system of the 19th century.

    26 Aug 2016, 12.34 pm  |  Source: PTI

  • Kashmir`s economy suffers body blow, Rs 6400 cr loss in 49 days

    Kashmir's economy suffers body blow, Rs 6400 cr loss in 49 days  

    Tourist and other business activities in Kashmir have come to a halt for the past 49 days after protests erupted in Kashmir following the killing of Hizbul Mujahideen commander Burhan Wani in an encounter with security forces in s...

    26 Aug 2016, 12.28 pm  |  Source: PTI

  • Australia pulse crops racing to record to fill Indian plates

    Australia pulse crops racing to record to fill Indian plates  

    Prices of the key pulses, long-used to make dishes such as curries and growing in popularity globally due to their high-protein content, soared above AUSD 1,200 (USD 915) per tonne earlier this year, according to National Australi...

    26 Aug 2016, 12.19 pm  |  Source: Reuters

  • Would be a gamechanger if RBI allows repos under LAF: SBI

    Would be a gamechanger if RBI allows repos under LAF: SBI   

    In an interview with CNBC-TV18, C Venkat Nageswar, Deputy MD, SBI, talked about the impact of the RBI's move to open up the corporate bond market and what this would mean for banks.

    26 Aug 2016, 11.33 am  |  Source: CNBC-TV18

  • Cong will GST support; Impact on Goa to be seen: Pratapsinh Rane

    Cong will GST support; Impact on Goa to be seen: Pratapsinh Rane  

    "Congress has supported GST bill in Parliament. We will also help passage of ratification in Goa Legislative Assembly," Rane told reporters yesterday.

    26 Aug 2016, 11.00 am  |  Source: PTI

  • Chhattisgarh, Raj farmers to exchange ideas to boost agriculture

    Chhattisgarh, Raj farmers to exchange ideas to boost agriculture  

    "The two states have different climatic conditions as well as variety in types of soil. Exchanging new ideas and best practices will help farmers of both the states to combat challenges faced in agriculture sector, besides enhanci...

    26 Aug 2016, 10.56 am  |  Source: PTI

  • Under India`s incoming RBI boss expect less chat,unified message

    Under India's incoming RBI boss expect less chat,unified message  

    Meetings go on to this day, but out went the kind of private chats that could unsettle markets, occurrences that became known as "open mouth operations", as opposed to open market operations the RBI carries out.

    26 Aug 2016, 10.36 am  |  Source: Reuters

  • Govt distributes over 15 cr LED bulbs under DELP scheme

    Govt distributes over 15 cr LED bulbs under DELP scheme  

    These 15.10 crore LED bulbs will help in saving of 53.74 million units of electricity per day and Rs 21.49 crore daily, stated information updated on UJALA web portal.

    26 Aug 2016, 8.54 am  |  Source: PTI

  • Rajasthan Govt to establish multiple skill training centres

    Rajasthan Govt to establish multiple skill training centres  

    According to the MoU, the organisation will also provide skill training in sectors such as agriculture, horticulture, and animal husbandry.

    26 Aug 2016, 8.54 am  |  Source: PTI

  • Provide loans to women SHGs at 7%: RBI to banks

    Provide loans to women SHGs at 7%: RBI to banks  

    "All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakh at 7 percent per annum (under Deendayal Antyodaya Yojana-National Rural Livelihoods Mission). SHGs availing capital subsidy under SGSY in their exi...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Analysts, market participants hail RBI move on bond markets

    Analysts, market participants hail RBI move on bond markets  

    Welcoming the RBI measures, Karthik Srinivasan, Senior Vice-President, Icra, said, "The slew of measures announced by RBI should encourage greater participation from issuers, investors and intermediaries as it has accepted many of...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Railways must implement decisions on staff transfer: CAT

    Railways must implement decisions on staff transfer: CAT  

    Justice G Rajasuria, judicial member of CAT, who disposed of the original applications filed by Southern Railway Mazdoor Union last week, said the minutes of the meeting did not disclose what transpired during the discussion and w...

    26 Aug 2016, 7.48 am  |  Source: PTI

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