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Moneycontrol

Economy

  • Firms owe Rs 7446.73 crore to Odisha govt: Finance minister

    Firms owe Rs 7446.73 crore to Odisha govt: Finance minister  

    Industries, mine owners and contractors in Odisha owe Rs 7446.73 crore to the state government through water tax, sales tax, entry tax, excise duty, electricity dues and mineral royalty, State Finance Minister Pradip Kumar Amat s...

    27 Feb 2017, 10.24 pm  |  Source: PTI

  • Rly delinks food distribution & cooking in new catering policy

    Rly delinks food distribution & cooking in new catering policy  

    Flooded with complaints on the food quality, the railways replaced the existing policy after seven years giving back onboard catering responsibility to the IRCTC for majority of trains.

    27 Feb 2017, 9.16 pm  |  Source: PTI

  • Govt proposes 6-fold hike in urban reform incentive fund

    Govt proposes 6-fold hike in urban reform incentive fund  

    The Urban Development Ministry has proposed a six-fold increase in 'reform incentive fund' to over Rs 3,000 crore annually over the next three years to push implementation of various schemes in the urban sector.

    27 Feb 2017, 9.16 pm  |  Source: PTI

  • MEITY to promote digital transactions in place of NITI

    MEITY to promote digital transactions in place of NITI  

    The government has shifted the responsibility of promoting digital transactions in the country to the Ministry of IT and Electronics (MEITY) from NITI Aayog.

    27 Feb 2017, 8.32 pm  |  Source: PTI

  • Put price cap on medicines, hip & knee implants: Doctors to PM

    Put price cap on medicines, hip & knee implants: Doctors to PM  

    Hailing the Centre's decision to put a cap on prices of coronary stents, a group of doctors today sought a similar cap on the prices of medicines, hip and knee implants and intraocular lenses.

    27 Feb 2017, 8.32 pm  |  Source: PTI

  • India can grow at higher rate; job creation plans underway: FM

    India can grow at higher rate; job creation plans underway: FM  

    India has potential to grow faster and plans are underway to reduce poverty and create jobs in rural areas, Finance Minister Arun Jaitley said today, even as he ruled out the country becoming totally 'cashless' immediately.

    27 Feb 2017, 8.12 pm  |  Source: PTI

  • E-toll tags to be mandatory for trucks on govt duty: Gadkari

    E-toll tags to be mandatory for trucks on govt duty: Gadkari  

    For hassle-free movement of cargo, the government has decided to make electronic toll tags mandatory for all vehicles contracted by the government departments.

    27 Feb 2017, 7.24 pm  |  Source: PTI

  • RBI`s next inflation expectations survey in March

    RBI's next inflation expectations survey in March  

    The central bank on Monday announced the launch of the latest 'Inflation Expectations Survey of Households' across 18 cities aimed at capturing subjective assessments on price movements.

    27 Feb 2017, 7.24 pm  |  Source: PTI

  • Railways to PMO: Will achieve set electrification, track targets

    Railways to PMO: Will achieve set electrification, track targets  

    Responding to principal secretary to the PMO, Nripendra Mishra's letter, railway ministry tries to soothe the nerves by saying that the 2016 target of doubling 2,800 kilometres track will be met by March-April.

    27 Feb 2017, 6.08 pm  |  Source: CNBC-TV18

  • FDI in soaps, shampoos can help Patanjali`s global push: Badal

    FDI in soaps, shampoos can help Patanjali's global push: Badal  

    Food processing minister Harsimrat Kaur Badal tells Moneycontrol that the government will shortly take a decision on allowing limited sale of home and personal care products (HPC) in global food retail outlets

    27 Feb 2017, 5.28 pm  |  Source: Moneycontrol.com

  • Organised retail offers $80 bn opportunity: CBRE

    Organised retail offers $80 bn opportunity: CBRE  

    India's rapidly growing organised retail sector offers a potential opportunity of up to USD 80 billion for both domestic and international retailers, says CBRE.

    27 Feb 2017, 5.08 pm  |  Source: PTI

  • Govt to formulate policies on ethanol, methanol: Gadkari

    Govt to formulate policies on ethanol, methanol: Gadkari  

    The Centre will soon come out with policies on the second-generation ethanol as well as methanol, non-conventional fuel resources, which will bring down the crude import bill by Rs 1 lakh crore, Union Minister Nitin Gadkari said t...

    27 Feb 2017, 5.08 pm  |  Source: PTI

  • CSO to unveil Q3 GDP estimate with note ban impact tomorrow

    CSO to unveil Q3 GDP estimate with note ban impact tomorrow  

    The CSO is also slated to release the numbers for the third quarter which witnessed cash crunch following the government's decision to scrap high value notes on November 8.

    27 Feb 2017, 4.20 pm  |  Source: PTI

  • Huge potential for Indian mfg cos in CLMV region: Nirmala

    Huge potential for Indian mfg cos in CLMV region: Nirmala  

    The CLMV nations (Cambodia, Laos, Myanmar and Vietnam) enjoy duty benefits under the Generalised Scheme of Preferences (GSPs) of developed countries like the US and EU and this can be an attractive incentive for domestic units to ...

    27 Feb 2017, 4.04 pm  |  Source: PTI

  • COMMENT: Why affordable housing may be a rare bright spot in realty

    COMMENT: Why affordable housing may be a rare bright spot in realty  

    India faces an estimated housing shortage of 18 million units. If the country has to deliver on the promise of “housing for all by 2022”, it translates into completing approximately three million units a year.

    27 Feb 2017, 3.35 pm  |  Source: Moneycontrol.com

  • States` fiscal deficit will rise to 3.3% in 2017-18: Ind-Ra

    States' fiscal deficit will rise to 3.3% in 2017-18: Ind-Ra  

    "The aggregate fiscal deficit of Indian states is expected to increase marginally to 3.3 percent of gross domestic product (GDP) in FY18 from the forecast of 3.2 percent for FY17," it said in a note.

    27 Feb 2017, 2.54 pm  |  Source: PTI

  • Can`t share details of govt response on Sharia banking: RBI

    Can't share details of govt response on Sharia banking: RBI  

    The Reserve Bank of India (RBI) was asked to give the copy of the letter sent to it by the ministry on the recommendation of its Inter Departmental Group (IDG) regarding Islamic banking.

    27 Feb 2017, 2.00 pm  |  Source: PTI

  • Thanks to demonetisation, India could lose growth crown

    Thanks to demonetisation, India could lose growth crown  

    The release follows a demonetisation-led cash crunch that hit India's cash-heavy economy, but economists reckon that could be temporary.

    27 Feb 2017, 1.28 pm  |  Source: CNBC

  • Why insurance is a hard sell for govt`s service delivery centres

    Why insurance is a hard sell for govt's service delivery centres  

    Common Services Centres (CSCs) which were set up to act as a one-stop shop for delivering all electronic services to rural India are yet to take off as a large channel of insurance distribution.

    27 Feb 2017, 11.40 am  |  Source: Moneycontrol.com

  • Housing subsidies will kickstart Indian economy: Keki Mistry

    Housing subsidies will kickstart Indian economy: Keki Mistry   

    The country needs to see higher consumption and creation of new capacities, Keki Mistry, HDFC’s Vice-chairman and Chief Executive Officer said, adding that subsidies in housing sector will likely kickstart economy.

    27 Feb 2017, 9.43 am  |  Source: CNBC-TV18

  • Q3 GDP growth may fall to 6.1% as demonetisation impact shows up

    Q3 GDP growth may fall to 6.1% as demonetisation impact shows up  

    The GDP growth for the quarter ended December 31, is expected to be in the range of 5.5 to 6.5 percent. Last year, the GDP grew by 7.2 percent in the same period.

    27 Feb 2017, 9.23 am  |  Source: Moneycontrol.com

  • Digital payments get a boost: Oilcos to bear MDR on fuel buying

    Digital payments get a boost: Oilcos to bear MDR on fuel buying  

    The impasse over the payment of merchant discount rate (MDR) charges on fuel purchases via debit cards seems to have reached a conclusion with oil retailing companies - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleu...

    27 Feb 2017, 8.47 am  |  Source: Moneycontrol.com

  • Bengal leather industry produces Rs 13,000 cr goods

    Bengal leather industry produces Rs 13,000 cr goods  

    "It is heartening that the leather industry in the state produces goods worth Rs 13,000 crore and we look forward to the industry reaching a target of Rs 15,000 crore within two years," Mitra said while inaugurating the Kolkata ed...

    27 Feb 2017, 8.28 am  |  Source: PTI

  • SIDBI expert panel sanctions Rs 1,112 cr to funds for startups

    SIDBI expert panel sanctions Rs 1,112 cr to funds for startups  

    During fiscal year 2014-15 and 2015-16 sanctions were made to 11 funds (Rs 314 crores) and 16 funds (Rs 607 crores) respectively while the number during the current financial year has already crossed Rs 1,112 crores to 30 funds.

    27 Feb 2017, 7.50 am  |  Source: PTI

  • Free trade with India on agenda of UK Commonwealth summit

    Free trade with India on agenda of UK Commonwealth summit  

    The UK Commonwealth summit, planned to set free trade deals on course as Britain exits the European Union, will put other leading commonwealth countries including India on course for greater trade liberalisation, a media report sa...

    26 Feb 2017, 5.32 pm  |  Source: PTI

  • States free to supply coal to power plants

    States free to supply coal to power plants  

    The power ministry has finally framed new rules to get electricity supply from independent power producers in lieu of dry fuel, which is aimed at offering more freedom to states to use their allocated coal.

    26 Feb 2017, 4.02 pm  |  Source: PTI

  • Digital payment can check black money, graft: PM

    Digital payment can check black money, graft: PM  

    Digital payment can check black money and play a key role in fighting graft, Prime Minister Narendra Modi said today as he asked the youth to become an "anti-corruption cadre" as part of the "cleanliness" drive.

    26 Feb 2017, 3.00 pm  |  Source: PTI

  • Sebi for overhaul of board governance at listed firms

    Sebi for overhaul of board governance at listed firms  

    Regulator Sebi is in favour of a major overhaul of the way boards of listed firms discharge their duties, including for appointment and removal of directors, and also wants their audit committee to be empowered to identify future ...

    26 Feb 2017, 3.00 pm  |  Source: PTI

  • India needs more scientists to harness technology: PM

    India needs more scientists to harness technology: PM  

    India needs more scientists to harness technology for the benefit of the common man, Prime Minister Narendra Modi said today while hailing the scientific community for the record launch of 104 satellites and the successful test-fi...

    26 Feb 2017, 1.34 pm  |  Source: PTI

  • MFs` exposure to bank stocks hit record Rs 1.16 lakh cr in Jan

    MFs' exposure to bank stocks hit record Rs 1.16 lakh cr in Jan  

    Mutual funds' allocation for bank stocks hit a record high of Rs 1.16 lakh crore in end-January, primarily on account of cheaper valuations.

    26 Feb 2017, 12.52 pm  |  Source: PTI

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