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Moneycontrol

Economy

  • 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

  • FPIs net inflow at Rs 14,600 cr in February

    FPIs net inflow at Rs 14,600 cr in February  

    Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • RBI to frame standard procedure for FDI approvals post FIPB

    RBI to frame standard procedure for FDI approvals post FIPB  

    The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out FIPB.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Demonetisation a disaster of 2016: Chidambaram

    Demonetisation a disaster of 2016: Chidambaram  

    Terming demonetisation as a "disaster of 2016", senior Congress leader and Former Union Minister P Chidambaram today said its adverse impact on the country's economy would be felt in the coming years.

    26 Feb 2017, 12.42 pm  |  Source: PTI

  • NCAER lowers GDP growth forecast to 6.9 pc for FY17

    NCAER lowers GDP growth forecast to 6.9 pc for FY17  

    After RBI and IMF, economic think-tank National Council of Applied Economic Research (NCAER) has lowered the country's growth forecast to 6.9 per cent for the current fiscal on account of demonetisation.

    26 Feb 2017, 12.38 pm  |  Source: PTI

  • Demonetisation process is almost complete: Jaitley

    Demonetisation process is almost complete: Jaitley  

    Finance Minister Arun Jaitley today said the demonetisation process is almost complete, hailing it as the "smoothest possible replacement" of high denomination currency anywhere in the world.

    26 Feb 2017, 12.38 pm  |  Source: PTI

  • A mother`s struggle for edu loan inspired this fintech startup

    A mother's struggle for edu loan inspired this fintech startup  

    Bad credit scores can often be the reason why a bank will reject your loan application. CreditSeva is among the startups trying to remedy this problem.

    25 Feb 2017, 4.58 pm  |  Source: Moneycontrol.com

  • Delhi government approves 37% hike in minimum wages

    Delhi government approves 37% hike in minimum wages  

    The hike was announced for unskilled, semi-skilled and skilled persons in the national capital.

    25 Feb 2017, 4.20 pm  |  Source: PTI

  • Your Facebook account may be key to insurance policy discounts

    Your Facebook account may be key to insurance policy discounts  

    Life insurance companies are in early stages of discussions to see if access to one’s social media profile could be an enabler to offer better rates of premium for a policy.

    25 Feb 2017, 12.28 pm  |  Source: Moneycontrol.com

  • Lower tax rates possible when all pays dues: Goyal

    Lower tax rates possible when all pays dues: Goyal  

    The government can lower tax rates if people pay their dues sincerely, Union Power Minister Piyush Goyal said today.

    24 Feb 2017, 10.14 pm  |  Source: PTI

  • Indianomics: Using govt funds to clean up NPAs not preferable, says Shah

    Indianomics: Using govt funds to clean up NPAs not preferable, says Shah   

    Non-performing assets (NPAs) of banks have shot up to 9.5 percent in the third quarter of this fiscal from 9.1 percent in the previous and 8.5 percent in the March quarter.

    24 Feb 2017, 9.56 pm  |  Source: CNBC-TV18

  • EPFO to launch housing scheme for over 4 crore members in March

    EPFO to launch housing scheme for over 4 crore members in March  

    Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.

    24 Feb 2017, 5.32 pm  |  Source: PTI

  • Fake notes raise concerns on banks` ATM cash management services

    Fake notes raise concerns on banks' ATM cash management services  

    Another banking sector fraud with “Children Bank of India” substituting the Reserve Bank of India in the fake 2000 rupee notes dispensed by a State Bank of India ATM, has raised concerns over banks’ cash outsourcing services...

    24 Feb 2017, 4.15 pm  |  Source: Moneycontrol.com

  • India`s wind power tariffs hit new low in push for renewables

    India's wind power tariffs hit new low in push for renewables  

    India, the world's third-biggest greenhouse gas emitter, has set a target of raising its renewable energy generation to 175 gigawatt by 2022, around five times current usage, to supply power to its 1.3 billion people and fight cli...

    24 Feb 2017, 3.36 pm  |  Source: Reuters

  • IIP to stay muted in January; will grow by 0-0.5%: D&B

    IIP to stay muted in January; will grow by 0-0.5%: D&B  

    "Industrial sector faces constraints from subdued domestic demand and weak, uncertain external demand on one hand and financing constraints, rising input prices and stalled projects on the other hand," D&B said in a report.

    24 Feb 2017, 3.34 pm  |  Source: PTI

  • FDI inflow zooms 18% to $46 billion in 2016: DIPP

    FDI inflow zooms 18% to $46 billion in 2016: DIPP  

    The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • Demonetisation sucked in cash like vacuum cleaner: IMF official

    Demonetisation sucked in cash like vacuum cleaner: IMF official  

    "You've heard about so-called 'helicopter drops' of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as a vacuum cleaner," Paul A Cashin, Assistant Director in the IMF's Asi...

    24 Feb 2017, 3.04 pm  |  Source: PTI

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