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moneycontrol.com

Economy

  • India invites US investments under Make In India scheme

    India invites US investments under Make In India scheme  

    Speaking at the US-India CEO Forum, which was attended by US Secretary of Commerce Penny Pritzker and several top Indian industrialists, Commerce Minister Nirmala Sitharaman invited the American investment to the country.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • Mizoram Assembly ratifies GST

    Mizoram Assembly ratifies GST  

    The state legislature unanimously adopted the official resolution moved by Finance and Taxation Minister Lalsawta after deliberations on the first day of the Assembly.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • Telangana Legislature ratifies GST Bill

    Telangana Legislature ratifies GST Bill  

    Both Houses of the Legislature met for a special one-day session to approve the Constitution (122nd Amendment) (Goods and Services Tax) Bill, passed by Parliament earlier this month.

    30 Aug 2016, 4.10 pm  |  Source: PTI

  • Corn in India firms up on supply crunch, rise in demand: USGC

    Corn in India firms up on supply crunch, rise in demand: USGC  

    "Prices seem to move up as the supply crunch is being felt and demand atlas in some pockets is being seen," USGC Representative for India, Bangladesh and Sri Lanka, Amit Sachdev said here.

    30 Aug 2016, 3.40 pm  |  Source: PTI

  • Auto industry to grow to Rs 20 lakh cr in 10 yrs: Nitin Gadkari

    Auto industry to grow to Rs 20 lakh cr in 10 yrs: Nitin Gadkari  

    "Automobile industry, which is of Rs 4.5 lakh crore at present, we will take it to Rs 20 lakh crore in 10 years. It has the potential to become number one in the world," Road Transport and Highways Minister said while addressing t...

    30 Aug 2016, 3.30 pm  |  Source: PTI

  • Need to provide more capital to PSBs to deal with NPAs: RBI

    Need to provide more capital to PSBs to deal with NPAs: RBI  

    Last month, the government injected Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth, which hit a two-decade low, to shore up cash-strapped public sector banks.

    30 Aug 2016, 3.28 pm  |  Source: PTI

  • Everything is not `hunky-dory` in retail lending: RBI

    Everything is not 'hunky-dory' in retail lending: RBI  

    "If you look at the credit growth you do see that there is more growth in private sector as opposed to the public sector banks and then you have problem of the public sector banks also going for retail. It is not necessary that ev...

    30 Aug 2016, 3.28 pm  |  Source: PTI

  • Now or Never - India CEO Outlook 2016: KPMG

    Now or Never - India CEO Outlook 2016: KPMG  

    The report is based on the concerns of 125 Indian CEOs and reveals that most CEOs are now facing issues that they have never encountered before, even though the majority believe in fostering innovation, adapting to new technologie...

    30 Aug 2016, 3.12 pm  |  Source: Moneycontrol.com

  • Fifth tranche of Sovereign Gold Bonds from September 1

    Fifth tranche of Sovereign Gold Bonds from September 1  

    "Applications for the bonds will be accepted from September 01, 2016 to September 09, 2016. The Bonds will be issued on September 23, 2016," the Finance Ministry said in a statement.

    30 Aug 2016, 3.08 pm  |  Source: PTI

  • Telangana govt`s `Mission Kakatiya` to get funding boost

    Telangana govt's 'Mission Kakatiya' to get funding boost  

    NABARD had already provided a loan of Rs 725 crore to MK, and would now extend another Rs 1,000 crore in phases, the official from the Irrigation department said.

    30 Aug 2016, 3.08 pm  |  Source: PTI

  • India should focus on low-end manufacturing: Chinese media

    India should focus on low-end manufacturing: Chinese media  

    "China lifted millions of people out of poverty in the last three decades by focusing on developing its own manufacturing industry", an article in the state-run Global Times said.

    30 Aug 2016, 2.56 pm  |  Source: PTI

  • E-commerce companies demand exemption from GST

    E-commerce companies demand exemption from GST  

    At the first meeting of the Empowered Committee of State Finance Ministers held after the Parliament approved the GST Bill, online retailers said they only provide a 'platform' to vendors and customers and do not make money out of...

    30 Aug 2016, 2.52 pm  |  Source: PTI

  • SBI Chair: How RBI`s new bond rules will transform banking

    SBI Chair: How RBI's new bond rules will transform banking   

    In an interview with CNBC-TV18, Arundhati Bhattacharya, Chairman, State Bank of India, talked about the Reserve Bank's recent steps to deepen the corporate bond market and the impact it will have on the banking sector.

    30 Aug 2016, 2.31 pm  |  Source: CNBC-TV18

  • India, US sign logistics exchange pact to cement defence ties

    India, US sign logistics exchange pact to cement defence ties  

    Defence Minister Manohar Parrikar and US Defence Secretary Ashton Carter signed the 'Logistics Exchange Memorandum of Agreement' (LEMOA) and said it will facilitate opportunities for "practical engagement and exchange".

    30 Aug 2016, 1.08 pm  |  Source: PTI

  • RBI says focused on bringing inflation down to 4%

    RBI says focused on bringing inflation down to 4%  

    "The short-term macroeconomic priorities of the Reserve Bank continue to be to focus on bringing down inflation towards the government-set target of 4 percent," central bank Governor Raghuram Rajan wrote in the foreword to its ann...

    30 Aug 2016, 9.48 am  |  Source: Reuters

  • Urjit Patel`s policies to broadly echo Raghuram Rajan`s: Poll

    Urjit Patel's policies to broadly echo Raghuram Rajan's: Poll  

    "Urjit Patel and Raghuram Rajan share the same school of thought and they have co-signed the circulars that recommended inflation targeting," said Hemanth Raj Reddy, analyst at Cholamandalam Investment & Finance Co Ltd, a brokerag...

    30 Aug 2016, 9.47 am  |  Source: Reuters

  • Maharashtra Assembly ratifies GST Bill

    Maharashtra Assembly ratifies GST Bill  

    The proposal was passed unanimously by the Lower House, making Maharashtra the ninth state to ratify the GST bill, billed as the biggest tax reform since Independence.

    30 Aug 2016, 9.02 am  |  Source: PTI

  • Piyush Goyal bats for MIP on aluminium products

    Piyush Goyal bats for MIP on aluminium products  

    The minister suggested that the MIP should be similar to the one imposed by the government for the steel sector, which too has been grappling with similar dumping from China, Japan, and South Korea, among others.

    30 Aug 2016, 9.02 am  |  Source: PTI

  • Rate cut possible only if inflation eases: Raghuram Rajan

    Rate cut possible only if inflation eases: Raghuram Rajan  

    Retail inflation shot up to nearly 2-year high of 6.07 percent, while the one based on wholesale prices soared to a 23-month high of 3.55 percent in July.

    30 Aug 2016, 9.00 am  |  Source: PTI

  • Industry for mechanism to advice traders on GST provisions

    Industry for mechanism to advice traders on GST provisions  

    In its representation, Assocham will pitch for a two-year grace period during which the government may refrain from taking penal actions except in case of tax frauds on non-deposit of collected taxes.

    30 Aug 2016, 9.00 am  |  Source: PTI

  • Coal India fixes September 9 as record date for share buyback

    Coal India fixes September 9 as record date for share buyback  

    The country's leading miner had last week announced that its shareholders have approved buyback of 10.89 crore shares at a price of Rs 335 apiece, aggregating to Rs 3,650 crore.

    30 Aug 2016, 8.42 am  |  Source: PTI

  • India to grow at 7.6% in FY`17: RBI

    India to grow at 7.6% in FY'17: RBI  

    "Overall GVA (gross value added) growth is projected at 7.6 percent in 2016-17, up from 7.2 percent last year," RBI said in its Annual Report 2015-16.

    30 Aug 2016, 8.42 am  |  Source: PTI

  • There is possibility of Indo-UK free trade pact: Commerce Min

    There is possibility of Indo-UK free trade pact: Commerce Min  

    The issues were discussed during the meeting between Commerce and Industry Minister Nirmala Sitharaman and UK's Secretary of State for International Trade Liam Fox here.

    30 Aug 2016, 8.42 am  |  Source: PTI

  • India`s growth pace likely slowed in April-June: Poll

    India's growth pace likely slowed in April-June: Poll  

    The poll also found that economists expect the newly-passed goods and services tax (GST) will take time to have an impact on gross domestic product growth.

    30 Aug 2016, 8.09 am  |  Source: Reuters

  • Govt to sell 4 dated securities for Rs 14,000 crore on Sep 2

    Govt to sell 4 dated securities for Rs 14,000 crore on Sep 2  

    "The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India...," the Finance Ministry said in a statement.

    30 Aug 2016, 8.04 am  |  Source: PTI

  • Climate change can`t be rectified through economics only: Dave

    Climate change can't be rectified through economics only: Dave  

    Inaugurating a workshop on private sector facility under Green Climate Fund (GCF), he said Indian agricultural scientists were fully capable of meeting the demands of the country's farmers.

    30 Aug 2016, 8.00 am  |  Source: PTI

  • Climate change may halve coffee-growing area: Study

    Climate change may halve coffee-growing area: Study  

    Climate change is already impacting coffee crops around the world, according to the report by the Climate Institute, commissioned by Fairtrade Australia & New Zealand.

    30 Aug 2016, 8.00 am  |  Source: PTI

  • Rajan warns against unwarranted use of stressed asset schemes

    Rajan warns against unwarranted use of stressed asset schemes  

    Rajan said RBI has a variety of schemes - the 5/25, the SDR and sustainable structuring of assets (S4A) - by which a more sensible capital structure can be crafted for the project which are standard but struggling.

    30 Aug 2016, 7.44 am  |  Source: PTI

  • India, US sign logistic exchange pact boosting defence ties

    India, US sign logistic exchange pact boosting defence ties  

    Welcoming the signing of the bilateral 'Logistics Exchange Memorandum of Agreement' (LEMOA), Defence Minister Manohar Parrikar and US Defence Secretary Ashton Carter said the pact will facilitate opportunities for "practical engag...

    30 Aug 2016, 7.44 am  |  Source: PTI

  • RBI concerned over weak monetary policy transmission

    RBI concerned over weak monetary policy transmission  

    Reserve Bank today raised concerns over weak monetary policy transmission, saying the banks are loading a higher credit risk premia on their new customers to save their profitability.

    29 Aug 2016, 9.50 pm  |  Source: PTI

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