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Budget 2017

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Economy

  • SBI Research sees 70% money supply normalisation by Feb-end

    SBI Research sees 70% money supply normalisation by Feb-end  

    Currency circulation is likely to normalise by the end of February as nearly 70 percent of the notes will be remonetised by then, a report said today.

    20 Jan 2017, 8.52 pm  |  Source: PTI

  • Wheat sowing up 7%, pulse acreage grows 11% so far in Rabi

    Wheat sowing up 7%, pulse acreage grows 11% so far in Rabi  

    Sowing area under wheat has risen 7 percent to 313.14 lakh hectares while that of pulses is up 11 percent to 157.68 lakh hectares so far in the ongoing rabi (winter-sown) season on good monsoon and higher support price.

    20 Jan 2017, 8.52 pm  |  Source: PTI

  • Demonetisation: I-T dept gets over Rs 300 cr declarations under amnesty scheme

    Demonetisation: I-T dept gets over Rs 300 cr declarations under amnesty scheme  

    The Income Tax department has received confirmations for over Rs 300 crore declarations from across the country till now as part of the ongoing black money window called the Pradhan Mantri Garib Kalyan Yojna (PMGKY), brought out b...

    20 Jan 2017, 7.34 pm  |  Source: PTI

  • VIDEO: What are various revenue streams for Central government?

    VIDEO: What are various revenue streams for Central government?   

    Moneycontrol presents a series of video explainers on terminologies which you might encounter in a Budget presentation.

    20 Jan 2017, 6.58 pm  |  Source: Moneycontrol.com

  • Budget must plan for income transfer to lower levels: Pronab Sen

    Budget must plan for income transfer to lower levels: Pronab Sen   

    Adi Godrej, Chairman, Godrej Group, feels that cutting individual and corporate taxes is quintesential to stimulating the economy after the demonetisation led to consumption plummeting in the economy.

    20 Jan 2017, 6.32 pm  |  Source: CNBC-TV18

  • Working on ways to reduce transaction cost: RBI tells PAC

    Working on ways to reduce transaction cost: RBI tells PAC  

    RBI today informed a parliamentary panel that it is working on a mechanism to bring down transaction cost on online payments post demonetisation even as cash flow position in urban as well as rural areas have improved significantl...

    20 Jan 2017, 5.40 pm  |  Source: PTI

  • Indian banks` loans rose 5.1% YoY in two weeks to Jan 6: RBI

    Indian banks' loans rose 5.1% YoY in two weeks to Jan 6: RBI  

    Indian banks' loans rose 5.1 percent in the two weeks to Jan. 6 from a year earlier, while deposits rose 14.7 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

    20 Jan 2017, 5.32 pm  |  Source: Reuters

  • Japan threatens India with WTO on steel

    Japan threatens India with WTO on steel   

    Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other...

    20 Jan 2017, 5.28 pm  |  Source: Reuters

  • Budget 2017: Expect tax leverages for cashless payment, says Zebpay

    Budget 2017: Expect tax leverages for cashless payment, says Zebpay  

    New developments in the Budget and economic interventions will open more avenues for Digital India. India has already started experimenting with the blockchain technology. Budget should also include special allotments for experime...

    20 Jan 2017, 5.00 pm  |  Source: Moneycontrol.com

  • India a bright star in `sober` global outlook: Uday Kotak

    India a bright star in 'sober' global outlook: Uday Kotak  

    As uncertainty grips the global economic outlook, ace banker Uday Kotak today said India has an opportunity to be a "bright star" in such a "sober" scenario and the medium term prospects for the country's economy looks good as lon...

    20 Jan 2017, 4.46 pm  |  Source: PTI

  • Efforts on to normalise cash supply in rural areas: RBI

    Efforts on to normalise cash supply in rural areas: RBI  

    RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and the Economic Affairs Secretary Shaktikanta Das are appearing before the Parliament's public accounts committee today.

    20 Jan 2017, 4.39 pm  |  Source: CNBC-TV18

  • Railways seeks gross budgetary support of Rs 50K-cr for FY`18

    Railways seeks gross budgetary support of Rs 50K-cr for FY'18  

    The Ministry of Railways has sought Gross Budgetary Support (GBS) of Rs 50,000 crore for 2017-18, though the Finance Ministry is likely to agree for only Rs 40,000-45,000 crore, a senior government official said.

    20 Jan 2017, 4.22 pm  |  Source: PTI

  • Need to further speed up decision making to beat China:Gadkari

    Need to further speed up decision making to beat China:Gadkari  

    With China seeking to position itself as the new leader of global economy in place of the US, Union Minister Nitin Gadkari today said India also needs to grab this opportunity as the world is looking at it with high hopes and it w...

    20 Jan 2017, 4.22 pm  |  Source: PTI

  • FinMin asks depts to avoid spending rush in March qtr

    FinMin asks depts to avoid spending rush in March qtr  

    Finance Ministry has asked government departments to refrain from excessive expenditure in the fourth quarter and remain within the budget allocation made for the fiscal, though it made an exception in case of MGNREGA spending.

    20 Jan 2017, 3.58 pm  |  Source: PTI

  • `Indian banks will boost low interest rate funding for biz`

    'Indian banks will boost low interest rate funding for biz'  

    "The good news for businesses is that interest rates are being cut across the board led by Reserve Bank of India," said Japnit Singh, Deputy Chief Executive at the Singapore- headquartered Spire Research and Consultancy.

    20 Jan 2017, 3.50 pm  |  Source: PTI

  • 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

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