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Economy

  • WBSEDCL gets nod to raise power tariff by 23 paise

    WBSEDCL gets nod to raise power tariff by 23 paise  

    State Power Minister Shobhondeb Chatterjee had earlier said Chief Minister Mamata Banerjee does not want to put burden on the poor and thus there will be no impact for consumers up to 300 units in the state.

    24 Aug 2016, 7.40 am  |  Source: PTI

  • Banks yet to fully reach unorganised rural sector: President

    Banks yet to fully reach unorganised rural sector: President  

    President Pranab Mukherjee today said that despite 46 years of bank nationalisation, institutional credit is yet to reach the unorganised rural sector fully.

    23 Aug 2016, 10.34 pm  |  Source: PTI

  • Maha first state to sign RCS plan, to develop 10 small airports

    Maha first state to sign RCS plan, to develop 10 small airports  

    Maharashtra today became the first state to sign an agreement with the civil aviation ministry to develop 10 almost non-functional regional airports/airstrips helping move closer to reality the Centre's ambitious regional conn...

    23 Aug 2016, 10.34 pm  |  Source: PTI

  • Gujarat okay with any GST rate as long as losses paid: Ex-FM

    Gujarat okay with any GST rate as long as losses paid: Ex-FM   

    In an interview with CNBC-TV18, Saurabh Patel, Former Finance Minister of Gujarat, which passed the GST Bill today, talked about the tax and what will be the minimum tax rate that they state government expects.

    23 Aug 2016, 10.30 pm  |  Source: CNBC-TV18

  • Karnataka in no hurry to pass GST Bill: Minister

    Karnataka in no hurry to pass GST Bill: Minister   

    In an exclusive conversation with CNBC-TV18, Karnataka State Industries Minister RV Deshpande said even though the state government is completely in favour of GST, they are in no hurry to ratify the bill.

    23 Aug 2016, 10.02 pm  |  Source: Moneycontrol.com

  • NITI Aayog looks to make India hub for commercial arbitration

    NITI Aayog looks to make India hub for commercial arbitration  

    Government think-tank NITI Aayog will convene a three-day global conference here in October to discuss making India a hub for commercial dispute resolution through arbitration.

    23 Aug 2016, 9.44 pm  |  Source: PTI

  • Railways rationalises coal tariff

    Railways rationalises coal tariff  

    As per the new rate, coal loading would cost Rs 712 per ton for transportation upto 497 km now as against Rs 702. It will be Rs 2,138 per ton for 1,807 km transportation now as against the existing rate of Rs 2,348.

    23 Aug 2016, 6.12 pm  |  Source: PTI

  • Gujarat Assembly ratifies GST Bill

    Gujarat Assembly ratifies GST Bill  

    Passed by Parliament recently, the bill needs to be ratified by at least 15 state legislatures before the President can notify the GST Council which will decide the new tax rate and other issues.

    23 Aug 2016, 6.12 pm  |  Source: PTI

  • India`s progress incomplete without infra expansion: PM

    India's progress incomplete without infra expansion: PM  

    Modi, who chaired a meeting here yesterday to review the progress in core infrastructure sectors, said it was noted that there has been "phenomenal progress" in vital sectors such as renewable energy and railways.

    23 Aug 2016, 5.04 pm  |  Source: PTI

  • Major ports, entities to take Rs 50,000 cr loan in $: Gadkari

    Major ports, entities to take Rs 50,000 cr loan in $: Gadkari  

    Jawaharlal Nehru Port (JNPT) has entered into an agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for a loan of USD 400 Million.

    23 Aug 2016, 3.18 pm  |  Source: PTI

  • Framework for accreditation of credit counsellors on anvil: RBI

    Framework for accreditation of credit counsellors on anvil: RBI  

    "For bridging the information asymmetry on the MSME borrowers side, the RBI is initiating a process for putting in place a framework for accreditation of credit counsellors who are expected to serve as facilitators and enablers fo...

    23 Aug 2016, 3.18 pm  |  Source: PTI

  • Railways streamlines freight rates for coal movement

    Railways streamlines freight rates for coal movement   

    The Indian Railways has streamlined its freight rates on movement of coal, with slab-wise revision seen as per distance.

    23 Aug 2016, 2.47 pm  |  Source: CNBC-TV18

  • January Budget to bring more efficiency: CBDT

    January Budget to bring more efficiency: CBDT  

    As part of larger exercise of Budget overhaul, government is looking at advancing the dates of its presentation in Parliament by a month to January-end to ensure that the whole process is completed before the new financial year be...

    23 Aug 2016, 2.24 pm  |  Source: PTI

  • Centre seeks states` support to implement DBT in fertiliser

    Centre seeks states' support to implement DBT in fertiliser  

    The states were also told to complete necessary paperwork to enable the Centre to clear pending subsidy to the tune of Rs 4,000 crore to fertiliser manufacturers.

    23 Aug 2016, 2.16 pm  |  Source: PTI

  • Pace of new bad loan formation has decelerated: RBI

    Pace of new bad loan formation has decelerated: RBI  

    In a bid to shore up cash-strapped public sector banks, the government last month announced infusion of Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth that has hit a two-decade l...

    23 Aug 2016, 1.50 pm  |  Source: PTI

  • Urjit Patel as new RBI head to ensure continuity: S S Mundra

    Urjit Patel as new RBI head to ensure continuity: S S Mundra  

    "While Patel is new as a Governor, he's not new for RBI. Second thing is, in his present role as deputy governor RBI, he is incharge of monetary policy, which was already the centre-stage of inflation...interest rate-related activ...

    23 Aug 2016, 1.32 pm  |  Source: PTI

  • Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy

    Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy  

    "India Ratings and Research (Ind-Ra) has revised its gross domestic product estimate for 2016-17 upwards to 7.8 percent from its earlier forecast of 7.7 percent. The upward revision has been prompted by the progress of monsoon and...

    23 Aug 2016, 1.14 pm  |  Source: PTI

  • Illicit gold: India`s smugglers shut out refiners, banks

    Illicit gold: India's smugglers shut out refiners, banks  

    Gold importing banks and big jewellers have also been hit by the growing entry of illicit gold, which avoids import duties and makes its way on to the so-called "grey market" where it is sold to end-users at a discount.

    23 Aug 2016, 1.02 pm  |  Source: Reuters

  • India in talks with Singapore to amend DTAA provisions: CBDT

    India in talks with Singapore to amend DTAA provisions: CBDT  

    "Negotiations are under way with Singapore... It is a bilateral treaty. We have to take concerns of both the countries and then we will have to sign," Central Board of Direct Taxes (CBDT) Chairperson Rani Singh Nair told reporters...

    23 Aug 2016, 12.58 pm  |  Source: PTI

  • GSTN security clearance key to bill passage in House: Swamy

    GSTN security clearance key to bill passage in House: Swamy  

    The Goods and Services Tax Network (GSTN) is the special purpose vehicle that was formed under the previous UPA regime to set up the information technology backbone for rolling out the indirect tax regime that will replace myriad ...

    23 Aug 2016, 12.46 pm  |  Source: PTI

  • Banning cash deals over Rs 3 lakh under consideration: CBDT

    Banning cash deals over Rs 3 lakh under consideration: CBDT  

    The move follows Supreme Court-appointed Special Investigation Team (SIT) on black money recommending banning cash transactions of Rs 3 lakh and above and restricting cash holding with individuals and industry to Rs 15 lakh to cur...

    23 Aug 2016, 12.10 pm  |  Source: PTI

  • Maha govt to set up panel to review status of agri-colleges

    Maha govt to set up panel to review status of agri-colleges  

    According to Agriculture minister Pandurang Fundkar, there are more than 150 agriculture colleges across the state and most of them were given permit during the previous Congress-NCP government.

    23 Aug 2016, 10.50 am  |  Source: PTI

  • UK to strengthen trade, business relations with India

    UK to strengthen trade, business relations with India  

    "India is the second largest investor in London and India is on the top of the list for the partnership with UK. Our relation with India is already firm and we will continue to strengthen it," he said.

    23 Aug 2016, 9.50 am  |  Source: PTI

  • GST promises to boost GDP growth rates by up to 2%: President

    GST promises to boost GDP growth rates by up to 2%: President  

    "It paves the way for creation of a unified market for goods and services, and promises to boost GDP growth rates by up to 2 per cent over the medium and the long term," he said at a conference here on 'Enabling Make in India thro...

    23 Aug 2016, 9.50 am  |  Source: PTI

  • Assam CM urges dairy farmers to look towards SE Asian market

    Assam CM urges dairy farmers to look towards SE Asian market  

    Addressing dairy farmers on 'Celebration of Purabi Milk Day' here, Chief Minister Sonowal cited the examples of Gujarat's Amul which he said has created a market for its products.

    23 Aug 2016, 9.48 am  |  Source: PTI

  • Himachal Assembly ratifies Constitution Amendment Bill on GST

    Himachal Assembly ratifies Constitution Amendment Bill on GST  

    The motion for ratification of the Bill, as passed by both Houses of Parliament, was moved by Chief Minister Virbhadra Singh.

    23 Aug 2016, 9.46 am  |  Source: PTI

  • Prabhu lays foundation stone of new railway station in Konkan

    Prabhu lays foundation stone of new railway station in Konkan  

    "This proposed Kalbani station is situated between Khed and Diwankhawati stations of Konkan Railway in Ratnagiri district and will further reduce the distance between stations from present 17.7 kms to 10.28 km from Khed and 7.38 k...

    23 Aug 2016, 9.46 am  |  Source: PTI

  • `Installed capacity of renewable energy has crossed 44 GW`

    'Installed capacity of renewable energy has crossed 44 GW'  

    At the meeting held to review the functioning of the key infrastructure sectors, NITI Aayog made a presentation, according to a PMO statement.

    23 Aug 2016, 9.10 am  |  Source: PTI

  • Urjit Patel competent economist: Arun Jaitley

    Urjit Patel competent economist: Arun Jaitley  

    The government has named Patel to succeed Raghuram Rajan as the next Reserve Bank of India Governor for a three-year period. He will replace Rajan on September 4.

    23 Aug 2016, 8.38 am  |  Source: PTI

  • FM-led panel to meet BMS on August 24 over labour issues

    FM-led panel to meet BMS on August 24 over labour issues  

    The meeting to discuss the 12-point charter of demands of the central trade unions (CTUs), which includes a minimum wage of Rs 18,000 per month among others, was earlier scheduled for Auguest 22.

    23 Aug 2016, 8.38 am  |  Source: PTI

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