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Economy

  • Indian economy remains a bright spot in global landscape

    Indian economy remains a bright spot in global landscape  

    In its annual country report on India, the International Monetary Fund (IMF) yesterday said growth is expected at 6.6 percent in this fiscal year and at 7.2 percent in the following year.

    23 Feb 2017, 9.58 am  |  Source: PTI

  • UK created maximum jobs in India via FDI: Report

    UK created maximum jobs in India via FDI: Report  

    "Between 2000 and 2016, British FDI created 371,000 jobs 10 percent of all jobs created by FDI. The total number of people employed by British companies in India currently stands at 788,000 representing 5.3 percent, or one in twen...

    23 Feb 2017, 9.14 am  |  Source: PTI

  • Andhra CM-led panel to submit final report on digitisation soon

    Andhra CM-led panel to submit final report on digitisation soon  

    "Five Chief Ministers, Niti Aayog, all of us are working. We've given an interim report and we're going to give final report very soon," Naidu told reporters on the sidelines of a Microsoft event here.

    23 Feb 2017, 8.46 am  |  Source: PTI

  • India & Israel should continue efforts to seal FTA: Envoy

    India & Israel should continue efforts to seal FTA: Envoy  

    "There have been eight rounds of negotiations between both the countries in the last couple of years...there have been conversations...but no initiation of a new round," Carmon told reporters.

    23 Feb 2017, 8.46 am  |  Source: PTI

  • `India can be much larger producer, consumer of natural gas`

    'India can be much larger producer, consumer of natural gas'  

    "India's natural gas plans have implications for a number of issues in which Congress has expressed an interest," the bipartisan and independent Congressional Research Service (CRS) said in the report.

    23 Feb 2017, 7.42 am  |  Source: PTI

  • Focus on research needed to double farmers income: Commerce Min

    Focus on research needed to double farmers income: Commerce Min  

    Commerce and Industry Minister Nirmala Sitharaman today said more research, standards and aggregation are needed in the farm sector to enhance the income of farmers.

    22 Feb 2017, 8.40 pm  |  Source: PTI

  • GST adoption could raise India`s GDP to over 8%: IMF

    GST adoption could raise India's GDP to over 8%: IMF  

    The adoption of the GST could help raise India's medium-term GDP growth to over eight per cent and create a single national market for enhancing the efficiency of the movement of goods and services, the IMF said today.

    22 Feb 2017, 8.38 pm  |  Source: PTI

  • SBI Research pegs Q3 GDP growth at low 5.8%; FY17 at 6.6%

    SBI Research pegs Q3 GDP growth at low 5.8%; FY17 at 6.6%  

    The economy would have grown under-6 per cent in the third quarter, battered by the note ban, according to SBI Research.

    22 Feb 2017, 8.38 pm  |  Source: PTI

  • Industries to be shut for want of effluent treatment plants:SC

    Industries to be shut for want of effluent treatment plants:SC  

    Polluting industrial units across the country would be shut down if they do not have functional primary effluent treatment plants (PETPs) to stop the release of untreated waste in water bodies within three months after notice, the...

    22 Feb 2017, 8.38 pm  |  Source: PTI

  • UK holds on to position as largest G20 investor in India

    UK holds on to position as largest G20 investor in India  

    Britain beat off tough competition from Japan to hold on to its position as the largest G20 investor in India and the biggest job creator through FDI, a new report released here said today.

    22 Feb 2017, 8.38 pm  |  Source: PTI

  • Arvind Subramanian talks on DeMo, job scarcity at Express Adda

    Arvind Subramanian talks on DeMo, job scarcity at Express Adda   

    On the issue of job scarcity, Arvind Subramanian said that “the problem in India is not creating jobs.” The challenge is finding high productive jobs and a need to raise the formal sector in country from current 9-10 percent l...

    22 Feb 2017, 8.23 pm  |  Source: CNBC-TV18

  • India`s GDP projected to slow to 6.6% post-demonetisation: IMF

    India's GDP projected to slow to 6.6% post-demonetisation: IMF  

    India's growth is projected to slow to 6.6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of "temporary disruptions" caused by demonetisation, the IMF said today.

    22 Feb 2017, 7.48 pm  |  Source: PTI

  • India banking bailout cost `manageable`: IMF

    India banking bailout cost 'manageable': IMF  

    The cost of recapitalising India's struggling banks would be affordable even under a negative scenario, the International Monetary Fund said on Wednesday, urging government steps to strengthen the financial system.

    22 Feb 2017, 7.42 pm  |  Source: Reuters

  • `Coal to dominate power sector despite growth in renewables`

    'Coal to dominate power sector despite growth in renewables'  

    India's power sector will continue to be dominated by coal over the coming decade despite significant growth in cleaner fuels or renewables, says BMI Research.

    22 Feb 2017, 7.40 pm  |  Source: PTI

  • Economy to pick up in Q4 due to faster remonetisation: Patel

    Economy to pick up in Q4 due to faster remonetisation: Patel  

    Faster remonetisation and return of discretionary consumer demand will push economic activity in the latter part the fiscal, opined RBI Governor Urjit Patel while voting for no cut in interest rate earlier this month.

    22 Feb 2017, 7.16 pm  |  Source: PTI

  • At RBI policy meet, four members mentioned `sticky` inflation

    At RBI policy meet, four members mentioned 'sticky' inflation   

    While three members highlighted the need to change the stance from accommodative to neutral, four mentioned that inflation excluding food and fuel remains “sticky” at close to 5 percent

    22 Feb 2017, 6.58 pm  |  Source: Moneycontrol.com

  • Biz GIFT-IFSC crosses USD 2 bn; to create 1 mn jobs by 2025

    Biz GIFT-IFSC crosses USD 2 bn; to create 1 mn jobs by 2025  

    Business transactions at Gujarat International Finance Tec-City (GIFT), country's first International Financial Services Centre, has crossed USD 2 billion mark and is likely to grow manifold in the near term.

    22 Feb 2017, 6.18 pm  |  Source: PTI

  • Are Acharya`s words a call to action for banks?

    Are Acharya's words a call to action for banks?  

    In some "tough love" shown to banks by the Reserve Bank of India on Tuesday, while bankers are yet to digest the suggestions, it could well be a turning point for the public sector banks.

    22 Feb 2017, 6.00 pm  |  Source: Moneycontrol.com

  • Scrappage scheme can boost CV sales by 65%: Crisil

    Scrappage scheme can boost CV sales by 65%: Crisil  

    The voluntary vehicle modernisation programme (V-VMP) or the scrappage programme announced by the transport ministry can boost commercial vehicle (CV) sales by a cumulative 65 percent between fiscals 2018 and 2020, over (over sale...

    22 Feb 2017, 5.46 pm  |  Source: PTI

  • India comfortable with crude oil prices up to USD65/barrel: CEA

    India comfortable with crude oil prices up to USD65/barrel: CEA  

    Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.

    22 Feb 2017, 5.46 pm  |  Source: PTI

  • Industrial units must have effluent treatment plants: SC

    Industrial units must have effluent treatment plants: SC   

    The Supreme Court on Wednesday passed a slew of directions to curb the release of untreated waste in water bodies.

    22 Feb 2017, 5.22 pm  |  Source: PTI

  • Manufacturers seek zero GST on low price biscuits

    Manufacturers seek zero GST on low price biscuits  

    Biscuit manufacturers have sought 'nil' tax on low price biscuits under the proposed Goods and Services Tax (GST).

    22 Feb 2017, 5.00 pm  |  Source: PTI

  • India needs to create bad bank quickly: Finance ministry aide

    India needs to create bad bank quickly: Finance ministry aide  

    Chief Economic Adviser Arvind Subramanian, who has proposed setting up a public asset rehabilitation agency to fix the balance sheets of both struggling banks and indebted companies, said the government was in touch with the RBI o...

    22 Feb 2017, 4.31 pm  |  Source: Reuters

  • `Smart City projects should focus more on natural calamities,

    'Smart City projects should focus more on natural calamities,  

    The Ministry's ex-secretary Shailesh Nayak said that at a time when earthquakes happen frequently and temperatures are reaching extremes, the policy should talk more comprehensively about the ways in which it would handle natural ...

    22 Feb 2017, 4.10 pm  |  Source: PTI

  • India`s bankers sceptical over RBI proposal on bad loans

    India's bankers sceptical over RBI proposal on bad loans  

    Banks in India have record stressed loans of USD 133 billion, or 12.34 percent of their total loans, as of last September, and economists say dealing with them has become imperative given the load is constraining lending and delay...

    22 Feb 2017, 3.46 pm  |  Source: Reuters

  • This ATM gets its Rs 2,000 notes from `Children`s Bank of India`

    This ATM gets its Rs 2,000 notes from 'Children's Bank of India'  

    Fake notes dispensed by a State Bank of India ATM in Delhi had a 'churan lable' instead of the Ashoka Chakra, according to a report in Hindustan Times.

    22 Feb 2017, 3.45 pm  |  Source: Moneycontrol.com

  • Cabinet clears decks for India-Poland agriculture pact

    Cabinet clears decks for India-Poland agriculture pact  

    The approval was given at the Union Cabinet meeting chaired by Prime Minister Narendra Modi, an official statement said.

    22 Feb 2017, 3.44 pm  |  Source: PTI

  • `Promoting biz, investment necessary to address trade deficit`

    'Promoting biz, investment necessary to address trade deficit'  

    "The issue of trade deficit between India and China needs to be addressed and therefore, promoting business, trade and investment is necessary between the two countries," Liu Jinsong, Minister Counsellor, Embassy of China in India...

    22 Feb 2017, 3.30 pm  |  Source: PTI

  • Demonetisation hits tax collection in Odisha

    Demonetisation hits tax collection in Odisha  

    "In the aftermath of withdrawal of Rs 1,000 and Rs 500 denominations, economic activity has been interrupted in the segments which are cash intensive," Governor S C Jamir said while addressing the state Assembly on the opening day...

    22 Feb 2017, 3.24 pm  |  Source: PTI

  • Cabinet approves setting up of 50 more solar parks

    Cabinet approves setting up of 50 more solar parks   

    Speaking to CNBC-TV18, Power Minister Piyush Goyal said the central support had been doubled to Rs 8,000 crore based on the successful bidding for the Rewa solar park where they discovered a price of 2.90 per unit of solar energy.

    22 Feb 2017, 3.22 pm  |  Source: CNBC-TV18

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