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Budget 2017

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Economy

  • Here’s why govt plans to sell 25% stake in general insurance cos

    Here’s why govt plans to sell 25% stake in general insurance cos  

    Listing is expected to bring in transparency and enable companies to focus more on earnings; it will also reduce dependence on government support to bolster capital base

    18 Jan 2017, 3.51 pm  |  Source: Moneycontrol.com

  • Abolish export duty on low-grade iron ore: Industry

    Abolish export duty on low-grade iron ore: Industry  

    "Due to the slowdown in steel industry, domestic demand of iron ore is very subdued. At present, the iron ore from Odisha and Jharkhand can be exported only from Haldia, Paradip, Vizag and Dhamra ports," FIMI Secretary General R K...

    18 Jan 2017, 3.42 pm  |  Source: PTI

  • IMF`s projection: Cong accuses PM of derailing India`s growth

    IMF's projection: Cong accuses PM of derailing India's growth  

    "Prime Minister Narendra Modi, in his hubris has managed to do what our enemies have failed since 1947, which is derail India's economic growth story," the party said.

    18 Jan 2017, 3.40 pm  |  Source: PTI

  • India to cut stake in general insurers to 75%: Finance minister

    India to cut stake in general insurers to 75%: Finance minister  

    Jaitley had announced in last year's budget the government would list the general insurance companies to improve transparency and accountability.

    18 Jan 2017, 3.05 pm  |  Source: Reuters

  • India`s `dynamic economy` to grow at 7.7%: UN

    India's 'dynamic economy' to grow at 7.7%: UN  

    It said demonetisation undertaken in India will have a "significant impact" on consumer spending in the short term but the country's economy will return to the about 7.6-7.7 percent growth.

    18 Jan 2017, 2.46 pm  |  Source: PTI

  • South Asia key to revival of global demand: Nirmala Sitharaman

    South Asia key to revival of global demand: Nirmala Sitharaman  

    Speaking at a session here at WEF, leaders from India, Sri Lanka and Bangladesh said trade and common physical and social infrastructure are important to harness growth in South Asia.

    18 Jan 2017, 2.36 pm  |  Source: PTI

  • World needs reality check, says Nirmala on capitalism debate

    World needs reality check, says Nirmala on capitalism debate  

    The commerce and industry minister said the debate here at WEF has been about the fate of globalisation and whether capitalism needs to be demonised.

    18 Jan 2017, 2.14 pm  |  Source: PTI

  • Right time to invest in India: Nitin Gadkari

    Right time to invest in India: Nitin Gadkari  

    Gadkari, Minister for Road Transport and Shipping, said India is working on record road construction projects and there are no problems relating to land acquisition and environmental clearances.

    18 Jan 2017, 1.56 pm  |  Source: PTI

  • Telecom to create around 2 mn jobs this year: Report

    Telecom to create around 2 mn jobs this year: Report  

    The entry of new service providers, the government's initiatives like 'Make in India' and thrust on mobile economy will also add to the buoyancy in the sector, it said.

    18 Jan 2017, 1.40 pm  |  Source: PTI

  • Domestic demand, exports to help Indian companies: S&P

    Domestic demand, exports to help Indian companies: S&P  

    Faster economic growth as well as reforms make India a good macroeconomic story and this, coupled with the stable credit profile of companies, bodes well for foreign currency bonds by Indian issuers, it said.

    18 Jan 2017, 1.28 pm  |  Source: PTI

  • GST may hike clean energy costs; power min pushes for exemptions

    GST may hike clean energy costs; power min pushes for exemptions  

    Power ministry has sought `deemed export’ status for renewable energy projects to cushion GST’s inflationary impact on solar and wind power plants

    18 Jan 2017, 1.20 pm  |  Source: Moneycontrol.com

  • Dollar will stay strong no matter what Trump says: A Damodaran

    Dollar will stay strong no matter what Trump says: A Damodaran   

    Latha Venkatesh of CNBC-TV18 caught up with Aswath Damodaran - Professor of Finance at the Stern School of Business at New York University.

    18 Jan 2017, 1.17 pm  |  Source: CNBC-TV18

  • Budget 2017: Arun Jaitley likely to increase investment in infrastructure

    Budget 2017: Arun Jaitley likely to increase investment in infrastructure  

    There is near unanimity that the economy needs to be spurred through higher public investment, unlike last year when there was a significant divergence of opinion over the need for fiscal stimulus, Mint newspaper reported, citing ...

    18 Jan 2017, 1.14 pm  |  Source: NEWS18.com

  • Par panel meet begins, RBI Governor to brief on demonetisation

    Par panel meet begins, RBI Governor to brief on demonetisation  

    Patel will brief the parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch post withdrawal of Rs 500 and Rs 1,000 notes.

    18 Jan 2017, 1.10 pm  |  Source: PTI

  • RBI may effect 25 bps rate cut on Feb 8, in April: BofA-ML

    RBI may effect 25 bps rate cut on Feb 8, in April: BofA-ML  

    According to the global financial services major, further easing is likely as demonetisation is hurting growth while inflationary pressure is benign and the government is expected to target a conservative fiscal deficit of 3.5 per...

    18 Jan 2017, 1.00 pm  |  Source: PTI

  • Budget 2017: May have proposals to push card payments, digital infrastructure

    Budget 2017: May have proposals to push card payments, digital infrastructure  

    Other proposals that may figure in the annual financial statement include development of new portals by tax bodies to collect tax digitally. All these steps are aimed at promoting electronic payment modes.

    18 Jan 2017, 12.49 pm  |  Source: NEWS18.com

  • Growth to drop, but rebound likely in H2 2017: Nomura

    Growth to drop, but rebound likely in H2 2017: Nomura  

    The Japanese financial services major has lowered its January-March 2017 GDP forecast to 5.7 percent and that of April-June to 6.8 percent, from 7 percent.

    18 Jan 2017, 12.30 pm  |  Source: PTI

  • India`s cash crunch seen biting into economic growth: Poll

    India's cash crunch seen biting into economic growth: Poll  

    Having posted growth of above 7 percent for six consecutive quarters, India's gross domestic product is expected to have expanded just 6.5 percent in the October-December quarter - the weakest in nearly three years.

    18 Jan 2017, 11.53 am  |  Source: Reuters

  • DDA`s new housing scheme likely to be launched in February

    DDA's new housing scheme likely to be launched in February  

    A senior DDA official, when contacted said, "Certain pockets of areas falling under the scheme lack basic infrastructure around flats like link roads, street lights, and so we will address these issues. The new scheme should be ou...

    18 Jan 2017, 11.52 am  |  Source: PTI

  • J&K govt to set up 25 MW wind power project in Reasi

    J&K govt to set up 25 MW wind power project in Reasi  

    "A potential of 25 MW of wind power has been assessed at village Bidda, district Reasi, Jammu and Kashmir, out of which 6 MW is being harnessed in the first phase as a pilot project," State Minister for Science Technology Sajad Lo...

    18 Jan 2017, 10.42 am  |  Source: PTI

  • ICRA expects borrowers to switch from base rate to MCLR

    ICRA expects borrowers to switch from base rate to MCLR  

    Deposits have surged and credit growth has declined post demonetisation. To spur credit demand, banks have undertaken steep cuts in their MCLR in January 2017.

    18 Jan 2017, 10.42 am  |  Source: PTI

  • India set for slowest growth as demonetisation dents economy

    India set for slowest growth as demonetisation dents economy  

    The country's Central Statistics Office amended the way India counted its gross domestic product (GDP) numbers in January 2015, amending the base year to 2011-2012 from 2004-2005.

    18 Jan 2017, 9.30 am  |  Source: CNBC

  • Dec air pax traffic up 24%, no impact of demonetisation: Raju

    Dec air pax traffic up 24%, no impact of demonetisation: Raju  

    "Dec'16 betters the Nov'16 record of highest number of passengers in a month and records 23.9percent growth. No demonetisation slowdown," Raju, the Civil Aviation Minister tweeted.

    18 Jan 2017, 9.16 am  |  Source: PTI

  • RBI Guv to brief parliamentary panel on demonetisation on Jan 18

    RBI Guv to brief parliamentary panel on demonetisation on Jan 18  

    RBI Governor Urjit Patel will brief here tomorrow a parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch.

    18 Jan 2017, 8.56 am  |  Source: PTI

  • Better to exempt FPIs from indirect transfer provisions: Expert

    Better to exempt FPIs from indirect transfer provisions: Expert   

    In a relief for the foreign investors, the tax department has put on hold its recent directive on taxation on indirect transfers.

    18 Jan 2017, 8.51 am  |  Source: CNBC-TV18

  • `Demonitisation will impact consumer spending in short term`

    'Demonitisation will impact consumer spending in short term'  

    The United Nations World Economic Situation and Prospects (WESP) 2017 report launched today said India's economy is projected to grow by 7.7 percent in fiscal year 2017 and 7.6 percent in 2018, benefiting from strong private consu...

    18 Jan 2017, 7.44 am  |  Source: PTI

  • Industrial revolution can give us answers: Nirmala Sitharaman

    Industrial revolution can give us answers: Nirmala Sitharaman  

    Sitharaman, the Commerce and Industry Minister, emphasised that industrial revolution "can give us answers", adding that countries like India cannot stay away from robotics.

    18 Jan 2017, 7.44 am  |  Source: PTI

  • Budget Caravan: Ludhiana`s Budget wish list

    Budget Caravan: Ludhiana's Budget wish list   

    Budget Caravan visits city of Ludhiana in the heart of Punjab. The city is known for its small scale industries. It is a hub for small scale units whether it is to do with hosiery, auto parts, cycle manufacturing or even sewing ma...

    17 Jan 2017, 11.05 pm  |  Source: CNBC-TV18

  • India to showcase growth story at WEF annual meet

    India to showcase growth story at WEF annual meet  

    Looking to showcase flagship programmes like Make In India, Union Ministers Nitin Gadkari and Nirmala Sitharaman today joined over 100 corporate honchos from India at the WEF meet here even as China positioned itself as the new ch...

    17 Jan 2017, 10.02 pm  |  Source: PTI

  • No collaboration with tainted UK-based note printing co: FinMin

    No collaboration with tainted UK-based note printing co: FinMin  

    Accusing the government of compromising national interest, the Congress said that a "tainted" UK-based note printing company De La Rue has been shortlisted for printing of plastic notes despite it being blacklisted.

    17 Jan 2017, 9.50 pm  |  Source: PTI

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