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Economy

  • Submit plans for fund raising from market: FinMin to PSU banks

    Submit plans for fund raising from market: FinMin to PSU banks  

    "With the infusion, the financial strength of the banks will get a boost. This can be then leveraged by the banks to raise funds from the markets which is looking up," sources said.

    31 Jul 2016, 12.24 pm  |  Source: PTI

  • GST to be simple with 1% additional tax removal, say experts

    GST to be simple with 1% additional tax removal, say experts  

    Ahead of Rajya Sabha considering the biggest indirect tax reform measure since independence, the government has met a key opposition demand of scrapping 1 percent additional tax on inter-state movement of goods. It has also agreed...

    31 Jul 2016, 12.02 pm  |  Source: PTI

  • India to clock GDP growth of 7.5% this fiscal: Deutsche Bank

    India to clock GDP growth of 7.5% this fiscal: Deutsche Bank  

    According to the global financial services major, growth indicators such as PMI, industrial production, non-oil-non-gold imports, have either remained flat or recorded a sequential slowdown in April-June compared to the January-Ma...

    31 Jul 2016, 12.02 pm  |  Source: PTI

  • UNESCO recognition to Khangchendzonga to boost tourism:Sikkim CM

    UNESCO recognition to Khangchendzonga to boost tourism:Sikkim CM  

    Khangchendzonga, popular for its beauty and majesty, represents India's unique traditional links between nature and cultural heritage, Sikkim Chief Minister Pawan Kumar Chamling said in a statement.

    31 Jul 2016, 12.00 pm  |  Source: PTI

  • How slow is US economic growth? `Close to zero`

    How slow is US economic growth? 'Close to zero'  

    While 2016's anemic growth level isn't an automatic disqualifier for an interest rate increase, the bar just got a little higher.

    29 Jul 2016, 10.13 pm  |  Source: CNBC

  • India did right thing by resisting fast reforms: Jospeh Stiglitz

    India did right thing by resisting fast reforms: Jospeh Stiglitz  

    Slow and steady wins the race for Nobel laureate, Jospeh Stiglitz, who says India has done the right thing by resisting 'fast reforms'. Speaking to CNBC-TV18 in our ongoing Series 25 Years Since Reforms, the world renowned economi...

    29 Jul 2016, 9.56 pm  |  Source: CNBC-TV18

  • Time for govt to sell residual stake in Hind Zinc, Balco: Goyal

    Time for govt to sell residual stake in Hind Zinc, Balco: Goyal   

    In an interview to CNBC-TV18 Power Minister Piyush Goyal said it is time the government gives freedom to these companies to grow independently and efficiently.

    29 Jul 2016, 8.58 pm  |  Source: CNBC-TV18

  • Petrol, diesel excise hikes fetched Rs 70k cr in FY16: Govt

    Petrol, diesel excise hikes fetched Rs 70k cr in FY16: Govt  

    In a written reply to a question in the Lok Sabha, Minister of State for Finance Santosh Kumar Gangwar said the collections from additional duty of excise on petrol stood at Rs 17,217 crore and that of high speed diesel oil at Rs ...

    29 Jul 2016, 5.28 pm  |  Source: PTI

  • 60% kharif sowing done in Rajasthan during ongoing monsoon

    60% kharif sowing done in Rajasthan during ongoing monsoon  

    Of the total targeted area of 159.57 lakh hectares, sowing in 105.97 lakh hectares has been done till July 27, and the process in the rest remaining area is being done, L N Bairwa, Joint Director (Statistics), State Agriculture De...

    29 Jul 2016, 3.56 pm  |  Source: PTI

  • Sugar prices up in Delhi by Rs 2 in June-July at Rs 40-41

    Sugar prices up in Delhi by Rs 2 in June-July at Rs 40-41  

    "The retail price of sugar in Delhi increased by about Rs 2 per kg in June-July 2016 and currently, the prices are in the range of Rs 40-41 per kg," Minister of State for Food and Consumer Affairs C R Chaudhary said in a written r...

    29 Jul 2016, 3.52 pm  |  Source: PTI

  • Report on roadmap to double farmers` income by Sept: Govt

    Report on roadmap to double farmers' income by Sept: Govt  

    Highlighting measures taken to boost farm output and farmers income, the Minister said in Rajya Sabha more funds have been allocated under various schemes like PMKSY and hence there are no plans for a separate agriculture budget.

    29 Jul 2016, 3.14 pm  |  Source: PTI

  • FDI rises 7% to $10.55 bn in Q1

    FDI rises 7% to $10.55 bn in Q1  

    The sectors, which attracted maximum FDI during the period, included computer hardware and software, services, telecommunications, power, pharmaceuticals and trading business.

    29 Jul 2016, 2.34 pm  |  Source: PTI

  • FDI inflows jump 53% in last two years, says Arun Jaitley

    FDI inflows jump 53% in last two years, says Arun Jaitley  

    Emphasising that investments are not made for "charity", Finance Minister Arun Jaitley told the Lok Sabha that improving the ease of doing business was a "work in progress".

    29 Jul 2016, 1.42 pm  |  Source: PTI

  • Rajya Sabha to take up GST bill next week

    Rajya Sabha to take up GST bill next week   

    Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi, while making a statement regarding government business for the week starting August 1 in the Upper House, said the Constitution (122nd Amendement) Bill, 2014 will be...

    29 Jul 2016, 12.58 pm  |  Source: PTI

  • RBI to keep rates unchanged in August 9 policy: ICRA

    RBI to keep rates unchanged in August 9 policy: ICRA  

    It said the central bank is expected to keep rates unchanged for now as CPI inflation at around 5.8 percent in June is close to upper end of RBI's target of 4 percent (+/- 2 percent).

    29 Jul 2016, 12.51 pm  |  Source: PTI

  • India`s strategic oil reserves unlikely to stir market

    India's strategic oil reserves unlikely to stir market  

    While New Delhi has not shown its full hand in revealing its intentions, the first reports that SPRs might provide 90 days of net import coverage had stoked industry hopes of an important new pillar of oil demand.

    29 Jul 2016, 11.52 am  |  Source: Reuters

  • P Chidambaram rejects Arun Jaitley`s remarks over inflation

    P Chidambaram rejects Arun Jaitley's remarks over inflation  

    "FM said UPA bequeathed double digit inflation. In June 2014 CPI (Consumer Price Index) was 6.77 and WPI (The Wholesale Price Index) was 5.66. Did FM add the two numbers? Voodoo statistics!" Chidambaram tweeted.

    29 Jul 2016, 10.28 am  |  Source: PTI

  • Govt mulls curbs on sugar sales at mill level to check prices

    Govt mulls curbs on sugar sales at mill level to check prices  

    Food Secretary Vrinda Sarup reviewed the price situation here today in a video conference interaction with both sugar producing and consuming states.

    29 Jul 2016, 9.40 am  |  Source: PTI

  • PM asks NITI to prepare visionary roadmap for India`s growth

    PM asks NITI to prepare visionary roadmap for India's growth  

    Stating that time for incremental change is long over, Modi called for a roadmap to lay the foundation for the country's growth over the 21st century.

    29 Jul 2016, 9.38 am  |  Source: PTI

  • E-commerce can create 12 mn jobs in a decade: HSBC

    E-commerce can create 12 mn jobs in a decade: HSBC  

    In the coming decade the country needs to create 80 million jobs and as per a report by HSBC it might fall short by 24 million if business and economic growth is as usual.

    29 Jul 2016, 9.24 am  |  Source: Moneycontrol.com

  • Govt admits `a lot remains to be done` for entrepreneurship

    Govt admits 'a lot remains to be done' for entrepreneurship  

    After the meeting, Commerce and Industry Minister Nirmala Sitharaman said the participants raised concerns related to taxation, regulators and compliance burden.

    29 Jul 2016, 7.44 am  |  Source: PTI

  • GST bill pending in RS requires amendment: Chidambaram

    GST bill pending in RS requires amendment: Chidambaram  

    The Union Cabinet approved amendments to the GST bill, dropping the 1 percent manufacturing tax and also incorporating words that guarantees compensation to states for first five years.

    29 Jul 2016, 7.44 am  |  Source: PTI

  • 13.39 crore rural households` income is less than Rs 5,000

    13.39 crore rural households' income is less than Rs 5,000  

    More than 13 crore rural households in the country have income of less than Rs 5,000 per month, Parliament was informed today.

    28 Jul 2016, 9.00 pm  |  Source: PTI

  • Govt asserts that prices of pulses will be brought down

    Govt asserts that prices of pulses will be brought down  

    Under attack from opposition on inflation, the government today asserted that prices of pulses would be brought down and asked states to share the responsibility, particularly by taking stringent action against hoarders.

    28 Jul 2016, 9.00 pm  |  Source: PTI

  • Finmin warns tax officials on resolution against revenue dept

    Finmin warns tax officials on resolution against revenue dept  

    In a strongly worded statement, the ministry said: "Finance Minister Arun Jaitley has taken a serious view of such a resolution by officers of organised Group 'A' service to advise the government on what role it should play.

    28 Jul 2016, 4.12 pm  |  Source: PTI

  • 35 hydro power projects awaiting concurrence by CEA: Govt

    35 hydro power projects awaiting concurrence by CEA: Govt  

    "Presently, 50 proposals for setting up of hydro electric projects have been received from various states in Central Electricity Authority (CEA) for concurrence/appraisal," Power Minister Piyush Goyal informed the Lok Sabha.

    28 Jul 2016, 4.02 pm  |  Source: PTI

  • NDMC to implement 7th Pay Commission despite financial crunch

    NDMC to implement 7th Pay Commission despite financial crunch  

    "After the notification of recommendations of the 7th Pay Commission by the Centre, it has been decided that NDMC would also implement the recommendations of the 7th Pay Commission for its employees as it is," NDMC Standing Commit...

    28 Jul 2016, 3.54 pm  |  Source: PTI

  • No final decision on scrapping SPVs for four UMPPs: Govt

    No final decision on scrapping SPVs for four UMPPs: Govt  

    Activities in the ultra mega power projects (UMPPs) -- Maharashtra, Odisha (second additional UMPP), Karnataka and Surguja in Chhattisgarh -- are stuck due to various reasons, including agitation by local people and non-identifica...

    28 Jul 2016, 3.38 pm  |  Source: PTI

  • Govt discussing every industry input on GST: CBEC official

    Govt discussing every industry input on GST: CBEC official  

    "The government can assure you that each and every representation received from the trade and industry is discussed and deliberated upon. It may or may not be part of the final GST law, but with a certain amount of certainty, I ca...

    28 Jul 2016, 3.30 pm  |  Source: PTI

  • India should continue fiscal consolidation for better prospect

    India should continue fiscal consolidation for better prospect  

    According to the IMF, India's external sector position in 2015-16 is broadly consistent with medium-term fundamentals and desirable policy settings.

    28 Jul 2016, 3.08 pm  |  Source: PTI

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