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Economy

  • India under Modi has been fantastic, says World Bank President

    India under Modi has been fantastic, says World Bank President  

    Jim Yong Kim, who on the last day of his two-day visit called on Modi and pledged full support to government's programmes particularly in areas of nutrition and renewable energy, said India is not just the fastest growing major ec...

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • SBI has enough talent to replace me: Bhattacharya on extension

    SBI has enough talent to replace me: Bhattacharya on extension   

    There were media reports that the government was looking at a proposal to extend the first woman chairperson of the country's largest lender by an year after her term ends in September.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • External liabilities dip marginally to $361.5 bn in Q4: RBI

    External liabilities dip marginally to $361.5 bn in Q4: RBI  

    India's net international investment position (IIP) or the difference between external financial assets and liabilities, has marginally improved to USD 361.5 billion at the end of March, 2016, according to the latest data from...

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • AIIB, NDB provide challenge to World Bank: Kim

    AIIB, NDB provide challenge to World Bank: Kim  

    There is plenty of room for the New Development Bank (NDB) and AIIB for funding and these new multilateral funding agencies provide challenge to old institutions, World Bank Group President Jim Yong Kim said.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • Why uncertainty is bad for economic growth: KPMG Global Chair

    Why uncertainty is bad for economic growth: KPMG Global Chair   

    In an interview with CNBC-TV18’s Shereen Bhan, John Veihmeyer, Global Chairman, KPMG shared his views on the current global scenario after Brexit and said that uncertainty due to this event is something that depresses economic g...

    30 Jun 2016, 8.31 pm  |  Source: CNBC-TV18

  • India`s external debt rises $10.6 bn to $485.6 bn

    India's external debt rises $10.6 bn to $485.6 bn  

    India's external debt stood at USD 485.6 billion at the end of March 2016, recording an increase of USD 10.6 billion year-on-year, primarily on account of a rise in outstanding NRI deposits, the RBI said today.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • Sonowal sets Rs 1,800cr excise rev target for 2016-17

    Sonowal sets Rs 1,800cr excise rev target for 2016-17  

    Assam Chief Minister Sarbananda Sonowal has set the excise revenue collection target at Rs 1,800 crore for 2016-17, a rise of over two fold from the last fiscal.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • April-May fiscal deficit at 43% of Budget estimates

    April-May fiscal deficit at 43% of Budget estimates  

    The fiscal deficit situation during April-May of the last fiscal was 37.5 percent of the Budget estimates.

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • Infra sector growth slips to 5-month low at 2.8% in May

    Infra sector growth slips to 5-month low at 2.8% in May  

    Infrastructure sectors grew at five-month low rate of 2.8 percent in May, slipping from a four-year high of 8.5 percent in previous month, as oil and natural gas output contracted

    30 Jun 2016, 6.18 pm  |  Source: PTI

  • Rajan a `great` central bank governor: World Bank President

    Rajan a 'great' central bank governor: World Bank President  

    Describing Raghuram Rajan as a "great" central bank governor, World Bank President Jim Yong Kim on June 30 said he has been told by the Indian leadership that Reserve Bank will continue to have an independent head

    30 Jun 2016, 5.52 pm  |  Source: PTI

  • Three-year term is short for RBI Governor: Rajan

    Three-year term is short for RBI Governor: Rajan  

    RBI Governor Raghuram Rajan, whose three-year term comes to an end in nine weeks, pitched for a longer tenure for the central bank head, saying global practice has to be emulated in India as well

    30 Jun 2016, 4.20 pm  |  Source: PTI

  • India a bright spot, pleased with progress under Modi: Kim

    India a bright spot, pleased with progress under Modi: Kim  

    The World Bank on June 30 appreciated developmental efforts under Prime Minister Narendra Modi, saying the country has emerged as a "bright spot", as it has pitched for bettering its ranking in the ease of doing business index

    30 Jun 2016, 4.10 pm  |  Source: PTI

  • Farm revival some way off despite a good monsoon: Ind-Ra

    Farm revival some way off despite a good monsoon: Ind-Ra  

    Farm recovery may be delayed despite a favourable monsoon this year and India needs more such spells because drought in the last two years has created much more severe stress, the latest report from India Ratings and Research said

    30 Jun 2016, 4.08 pm  |  Source: PTI

  • Haryana to auction bonds worth Rs 775 cr under UDAY

    Haryana to auction bonds worth Rs 775 cr under UDAY  

    "Haryana government proposes to issue special securities of a notified amount of Rs 775 crore, under the Ujjwal Discom Assurance Yojna Scheme (UDAY)", RBI said in a release.

    30 Jun 2016, 3.54 pm  |  Source: PTI

  • Agri Park exports 1.2 tonnes mangoes, pomegranates to US

    Agri Park exports 1.2 tonnes mangoes, pomegranates to US  

    The Park is a Public Private Partnership (PPP) project supported by the Central Ministry of Food Processing Industries and Food Karnataka Limited, a Special Purpose Vehicle under the state government.

    30 Jun 2016, 3.14 pm  |  Source: PTI

  • Rains may not wash away agri lenders` woes so soon: Ind-Ra

    Rains may not wash away agri lenders' woes so soon: Ind-Ra  

    According to India Rating, a complete recovery of the farm sector would require a strong improvement in productivity, yield, acreage and minimum support price (MSP), and successful implementation of various schemes announced in th...

    30 Jun 2016, 3.01 pm  |  Source: Moneycontrol.com

  • Centre asks Odisha to auction some mining blocks at earliest

    Centre asks Odisha to auction some mining blocks at earliest  

    Stating that auction of mines has been delayed in the state, Kumar said problems relating to conversion of mining blocks from G-3 to G-2 level of exploration has been cited as a reason behind the delay.

    30 Jun 2016, 2.56 pm  |  Source: PTI

  • Green certificates sales surge 157% to 4.68 lakh in Jun

    Green certificates sales surge 157% to 4.68 lakh in Jun  

    Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under the Renewable Energy Purchase Obligation (RPO) mandated by central/state regulatory c...

    30 Jun 2016, 2.56 pm  |  Source: PTI

  • I-T grievance: Taxpayers can now file a new `e-nivaran` form

    I-T grievance: Taxpayers can now file a new 'e-nivaran' form  

    In order to ensure quick redressal of taxpayer grievances, the Income Tax department will soon launch a new form called 'e-nivaran' on the lines of the ITR form to take care of issues related to refunds and others by sending perso...

    30 Jun 2016, 2.30 pm  |  Source: PTI

  • NHAI gets green nod for Rs 1,246 cr UP road upgradation project

    NHAI gets green nod for Rs 1,246 cr UP road upgradation project  

    "Based on the recommendation of the Expert Appraisal Committee (EAC), the Environment Ministry yesterday gave environment clearance to the NHAI's proposal 'Rehabilitation and Upgradation of existing carriageway of Kanpur (Chakeri)...

    30 Jun 2016, 1.54 pm  |  Source: PTI

  • CBDT notifies foreign tax credit rules, corporates to gain

    CBDT notifies foreign tax credit rules, corporates to gain  

    Foreign tax credit (FTC) will be available against tax, surcharge and cess payable under the Act, including minimum alternate tax (MAT) but not in respect of interest, fee or penalty.

    30 Jun 2016, 12.54 pm  |  Source: PTI

  • Pay bonanza reduces burden of monthly installments: Experts

    Pay bonanza reduces burden of monthly installments: Experts   

    Funds received on account of arrears payouts can be used to partly finance home purchases, V Raghu of Repco Home Finance tells CNBC-TV18.

    30 Jun 2016, 12.01 pm  |  Source: CNBC-TV18

  • Govt to build toilets for 55,000 households in UT

    Govt to build toilets for 55,000 households in UT  

    The CM said he had urged the Prime Minister to make available the funds for the toilet scheme during his recent visit to Delhi and he had responded positively to his plea.

    30 Jun 2016, 12.00 pm  |  Source: PTI

  • Unsure if monetary policy panel to set rates in Aug: RBI chief

    Unsure if monetary policy panel to set rates in Aug: RBI chief  

    The process to set up India's monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank's next policy review on August 9, Reserve Bank of India (RBI) Governor Raghuram Rajan ...

    30 Jun 2016, 11.49 am  |  Source: Reuters

  • Sugar mills pay 92% dues to cane farmers; owe Rs 4,225 cr

    Sugar mills pay 92% dues to cane farmers; owe Rs 4,225 cr  

    The cane price payable and arrears have been calculated on the basis of Fair and Remunerative Price (FRP), which is the minimum price, fixed by the Centre, to be paid to farmers. For the 2015-16 marketing year, FRP for sugarcane h...

    30 Jun 2016, 9.34 am  |  Source: PTI

  • Use modern tech for timely, accurate agri-data: Agriculture Min

    Use modern tech for timely, accurate agri-data: Agriculture Min  

    In order to address time lag in agri-data, there is a need to use modern technologies like remote sensing, he said, adding that such technologies are now being promoted in his ministry for collecting horticulture data.

    30 Jun 2016, 9.34 am  |  Source: PTI

  • Cement demand to grow 6% in FY17: ICRA

    Cement demand to grow 6% in FY17: ICRA  

    "Cement demand growth will pick up to 6 percent in 2016-17 and further to 7 percent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment -- primarily road projects and hou...

    30 Jun 2016, 9.28 am  |  Source: PTI

  • Govt approves Rs 5,965 cr road projects in three states

    Govt approves Rs 5,965 cr road projects in three states  

    The CCEA in its meeting chaired by Prime Minister Narendra Modi approved the projects for widening of Aurangabad-Telwadi section of NH 211 in Maharashtra, Angul-Sambalpur section of NH-42 (New NH-55) in Odisha and Phagwara-Rupnaga...

    30 Jun 2016, 8.52 am  |  Source: PTI

  • Cargo traffic rises 6.3% to 108 MT at major ports in Apr-May

    Cargo traffic rises 6.3% to 108 MT at major ports in Apr-May  

    "The slew of measures taken by the Ministry of Shipping to improve performance of ports has started to yield positive results. The major ports in India handled 107.52 MT (million tonnes) of cargo during April-May 2016 and showed a...

    30 Jun 2016, 8.50 am  |  Source: PTI

  • Unions reject Centre`s pay hike, threaten to go on strike

    Unions reject Centre's pay hike, threaten to go on strike  

    The Confederation said the pay hike approved by the Cabinet on the 7th Central Pay Commission's recommendations is "not acceptable".

    30 Jun 2016, 8.50 am  |  Source: PTI

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