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Budget 2017

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Economy

  • RBI working on plan to reduce online charges: Sources

    RBI working on plan to reduce online charges: Sources  

    Patel met the panel to answer questions about the November 8 abolition of 500- and 1,000-rupees notes, or 86 percent of the currency then in circulation.

    20 Jan 2017, 3.22 pm  |  Source: Reuters

  • Expect huge gains from 250 mineral blocks` auction: Mines Secy

    Expect huge gains from 250 mineral blocks' auction: Mines Secy  

    The deposits in these mines include iron-ore, bauxite, manganese, limestone as well as dolomite and their leases have lapsed this month in the absence of forest and environment clearances, required for execution of a lease deed.

    20 Jan 2017, 3.10 pm  |  Source: PTI

  • Interest rate needs to be lower, acceptable, stable: President

    Interest rate needs to be lower, acceptable, stable: President  

    The country's current account deficit has shaped up because of "prudent" fiscal management and the economy has been growing in the past decade despite 2008 global financial crisis, he said.

    20 Jan 2017, 2.50 pm  |  Source: PTI

  • Aus, India deals boost French arms sales to record 20 bn euros

    Aus, India deals boost French arms sales to record 20 bn euros  

    "In 2015, we hit our historical exports figure of 17 billion euros," Jean-Yves Le Drian said in a New Year's speech to defence officials late on Thursday.

    20 Jan 2017, 2.47 pm  |  Source: Reuters

  • Why insurers are uncomfortable with IRDAI diktat on disclosures

    Why insurers are uncomfortable with IRDAI diktat on disclosures  

    Even when voting decisions are put forward, large insurers take a neutral stand and abstain from voting or vote for the management. These activities will now have to be declared publicly along with reasons for it

    20 Jan 2017, 2.38 pm  |  Source: Moneycontrol.com

  • VIDEO: What expenses does Central govt incur every year?

    VIDEO: What expenses does Central govt incur every year?   

    This year, the Union Budget 2017-18, which will be presented on February 1, will be closely watched for a number of reasons. With demonetisation casting a shadow over the country, everyone from a office drone to a farm hand, is ex...

    20 Jan 2017, 2.27 pm  |  Source: Moneycontrol.com

  • Israel-MP can collaborate in fields of agriculture,defence:MP CM

    Israel-MP can collaborate in fields of agriculture,defence:MP CM  

    The chief minister in a meeting with Israel Ambassador Daniel Carmon here yesterday discussed the prospects of Isreal and Madhya Pradesh working together in areas like agriculture, irrigation, water management and floriculture, an...

    20 Jan 2017, 2.24 pm  |  Source: PTI

  • President okays change in rules for rail Budget merger

    President okays change in rules for rail Budget merger  

    The Department of Economic Affairs has been entrusted with the work relating to preparation of central Budget including rail Budget, as per a recent order issued by Cabinet Secretariat.

    20 Jan 2017, 2.00 pm  |  Source: PTI

  • Index of mineral production firms up 3.9% in November

    Index of mineral production firms up 3.9% in November  

    "The index of mineral production of the mining and quarrying sector for November... 2016, at 135.9, was 3.9 percent higher compared to November 2015," the Ministry of Mines said in a statement.

    20 Jan 2017, 1.22 pm  |  Source: PTI

  • Budget 2017: Need energy security to help low carbon economy, says Suzlon

    Budget 2017: Need energy security to help low carbon economy, says Suzlon  

    The wind energy sector can easily achieve the target of 60 GW by 2022, and also harness the export potential of 10 GW (~ USD 10 billion), if the following recommendations can be considered in the upcoming Union Budget, says Tulsi ...

    20 Jan 2017, 1.02 pm  |  Source: CNBC-TV18

  • Budget 2017: FM may widen Atal Pension scheme, offer cover for domestic helps

    Budget 2017: FM may widen Atal Pension scheme, offer cover for domestic helps  

    The finance minister may announce changes in Atal Pension Yojana (APY) rules, widening the age for subscription to 50 years from 40 years and double the maximum monthly pension to Rs 10,000; a government-funded health insurance sc...

    20 Jan 2017, 12.29 pm  |  Source: Moneycontrol.com

  • Currency volatility will be a key risk in 2017: Deutsche Bank

    Currency volatility will be a key risk in 2017: Deutsche Bank   

    Global economy is on firmer ground and Dixit Joshi of Deutsche Bank expects GDP growth of 3.4 percent in 2017. However, currency volatility will be a key risk, Joshi told CNBC-TV18’s Shereen Bhan at the Davos Summit.

    20 Jan 2017, 9.46 am  |  Source: CNBC-TV18

  • FIPB clears 6 FDI proposals worth Rs 1,187 cr

    FIPB clears 6 FDI proposals worth Rs 1,187 cr  

    Of the total, Recipharm Participation BV of Netherlands alone will bring in investment of Rs 950 crore.

    20 Jan 2017, 9.38 am  |  Source: PTI

  • Retailers seek early implementation of GST

    Retailers seek early implementation of GST  

    Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to USD 1.3 trillion by 2020, its CEO Kumar Rajagopalan s...

    20 Jan 2017, 9.38 am  |  Source: PTI

  • 2.95 crore houses to be built under PMAY(G) by 2022: Tomar

    2.95 crore houses to be built under PMAY(G) by 2022: Tomar  

    The central government was committed to uplift the poor through all possible means, he said during the launch of the construction of over 1.6 lakh pucca houses for the poor during 2016-17 under the PMAY(G) in Assam.

    20 Jan 2017, 9.34 am  |  Source: PTI

  • Norms eased for PoS devices import till March 31

    Norms eased for PoS devices import till March 31  

    PoS devices and sealed secondary cell/batteries containing alkaline or other non-acid electrolytes for use in portable applications have to be mandatorily registered with BIS.

    20 Jan 2017, 9.12 am  |  Source: PTI

  • Aadhaar may be made mandatory for tax filing, food subsidy

    Aadhaar may be made mandatory for tax filing, food subsidy  

    The government is “actively” discussing possible amendments to the Income Tax Act to make Aadhaar linkage compulsory for I-T filings beginning FY18, Business Standard reported on Friday.

    20 Jan 2017, 8.31 am  |  Source: Moneycontrol.com

  • Nepal`s economy could boost from power trade with India: Study

    Nepal's economy could boost from power trade with India: Study  

    "With accelerated power trade between India and Nepal, Nepal's gross domestic product could reach NPR 13,100 billion (over USD 120 billion) in 2045, which is 39 percent more than with existing trading mechanisms," said the report ...

    20 Jan 2017, 8.30 am  |  Source: PTI

  • Jammu & Kashmir records Rs 2874 cr power arrears in 2016: Govt

    Jammu & Kashmir records Rs 2874 cr power arrears in 2016: Govt  

    Giving further details, he told Legislative assembly, while Rs 1,454.92 crore are pending as arrears from private consumers, as many as 1419.26 crore is pending from public consumers during the year.

    20 Jan 2017, 8.30 am  |  Source: PTI

  • Could retain up to 40% of deposits since note ban: SBI Chairman

    Could retain up to 40% of deposits since note ban: SBI Chairman   

    State Bank of India Chairman Arundhati Bhattacharya told Bloomberg that she was unable to give a precise estimate owing to the lack of clarity about the proportion of money that had come from businesses and individuals.

    20 Jan 2017, 8.24 am  |  Source: Moneycontrol.com

  • Himachal govt allocates Rs 1,949.15 crore SC Sub Plan budget

    Himachal govt allocates Rs 1,949.15 crore SC Sub Plan budget  

    The budget allocated for the Scheduled Caste Sub Plan was Rs 914.64 crore in 2012-13, he said while presiding over the meeting of the Scheduled Caste Welfare Board here.

    20 Jan 2017, 7.46 am  |  Source: PTI

  • `Sweet spot` India, China to power global growth

    'Sweet spot' India, China to power global growth  

    As leaders and economists debated the future of globalisation here at WEF, the emerging narrative shifted to growth booster from Asia for the global economy amid darkening prospects for trade worldwide.

    20 Jan 2017, 7.46 am  |  Source: PTI

  • `15-20% consumption expenditure will become digital in 1 year`

    '15-20% consumption expenditure will become digital in 1 year'  

    Nandan Nilekani said the usage of new digital payments technologies will reduce cash in the economy but increase the cash in the banking system.

    19 Jan 2017, 10.00 pm  |  Source: PTI

  • Disclose voting decisions in invested cos: IRDAI to insurers

    Disclose voting decisions in invested cos: IRDAI to insurers  

    This move will make insurance company disclose all their activity in invested companies with reasons for any decision

    19 Jan 2017, 7.51 pm  |  Source: Moneycontrol.com

  • NPS expected to grow at 35-40% in FY17, says PF regulator

    NPS expected to grow at 35-40% in FY17, says PF regulator  

    Pension fund regulator PFRDA is expecting National Pension System (NPS) to grow at a rate of 35-40 per cent in the current fiscal, a top official said today.

    19 Jan 2017, 7.28 pm  |  Source: PTI

  • Govt mulls making Aadhaar card essential for subsidised grain

    Govt mulls making Aadhaar card essential for subsidised grain  

    The Centre also said that states have promised to install digital payment system at ration shops by June.

    19 Jan 2017, 6.40 pm  |  Source: PTI

  • BHIM download at 1.1cr; 4 banks on board for Aadhaar system

    BHIM download at 1.1cr; 4 banks on board for Aadhaar system  

    The new BHIM app, that aims to make digital payments through mobiles fast and simple for people, has logged 1.1 crore downloads within 20 days of launch, IT Minister Ravi Shankar Prasad said.

    19 Jan 2017, 6.40 pm  |  Source: PTI

  • Long road ahead before PSU general insurers begin listing

    Long road ahead before PSU general insurers begin listing  

    The Cabinet yesterday cleared propsoals for listing four public sector general insurers as well as the state-owned reinsurer General Insurance Corporation of India (GIC Re).

    19 Jan 2017, 6.10 pm  |  Source: Moneycontrol.com

  • Bank deposits up 0.64% in fortnight to January 6

    Bank deposits up 0.64% in fortnight to January 6  

    After falling in the previous fortnight, banks deposits again jumped by 0.64 per cent in the fortnight to January 6, according to the Reserve Bank data.

    19 Jan 2017, 5.44 pm  |  Source: PTI

  • World Bank sanctions Rs 1,376 cr for Tripura power upgradation

    World Bank sanctions Rs 1,376 cr for Tripura power upgradation  

    The World Bank has sanctioned Rs 1,376 crore for complete upgradation and improvement of the power system network in the State, Power Minister Manik Dey said today.

    19 Jan 2017, 5.44 pm  |  Source: PTI

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