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Economy

  • Gold imports to dictate size of CAD in H2 FY17: ICRA

    Gold imports to dictate size of CAD in H2 FY17: ICRA  

    The demand for gold in the remainder of this year is likely to influence India's current account deficit (CAD) in the second half (H2) of the current fiscal, ICRA said in a report here.

    05 Dec 2016, 6.58 pm  |  Source: PTI

  • `India`s oil demand to more than double to 10-mn bpd by 2040`

    'India's oil demand to more than double to 10-mn bpd by 2040'  

    India's oil demand will more than double to 10 million barrels per day by 2040, oil producers' cartel OPEC Secretary General Mohammad Sanusi Barkindo said today as he saw the world's third largest energy consumer playing an im...

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Note ban jolts economy, RBI to cut rate by 25 bps: Experts

    Note ban jolts economy, RBI to cut rate by 25 bps: Experts   

    The Reserve Bank of India (RBI) is set to annouce its bi-monthly policy on December 7. Market and bankers are betting on a 25 basis points reduction in the interest rate.

    05 Dec 2016, 5.55 pm  |  Source: CNBC-TV18

  • RBI likley to cut rates by 25 bps on Wednesday: CNBC-TV18 poll

    RBI likley to cut rates by 25 bps on Wednesday: CNBC-TV18 poll   

    Almost 70 percent of the people are expecting a 50 bps rate cut by March 2017. Another 75 percent believe that the RBI will lower its gross value added (GVA) guidance to 7-7.5 percent from 7.6 percent due to demonetisation.

    05 Dec 2016, 5.00 pm  |  Source: CNBC-TV18

  • RBI should offset US Fed hike, EU political uncertainty: IDFC

    RBI should offset US Fed hike, EU political uncertainty: IDFC   

    Before the upcoming Reserve Bank of India (RBI) meet, Rajiv Lall, MD of IDFC said that the central bank needs to maintain a balancing act as it needs to keep in mind the imminent rate hike by the US Fed and the political uncertain...

    05 Dec 2016, 5.00 pm  |  Source: CNBC-TV18

  • Govt weighing hike in EPFO wage ceiling to Rs 25,000

    Govt weighing hike in EPFO wage ceiling to Rs 25,000  

    The increase in wage ceiling for coverage under EPFO schemes to Rs 25,000 could add 50 lakh additional formal sector workers to around four crore contributing subscribers.

    05 Dec 2016, 4.08 pm  |  Source: PTI

  • Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

    Demonetisation: Equities remain best bet; avoid exposure to gold, real estate  

    Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation that governor of Reserve Bank of India, Urjit Patel, will announce a cut in repo rate in the forthcoming fifth bi-monthly Monetar...

    05 Dec 2016, 4.02 pm  |  Source: Moneycontrol.com

  • GDP growth to slow to 6.5% in Q4, remain muted at 7% in Q1`17

    GDP growth to slow to 6.5% in Q4, remain muted at 7% in Q1'17  

    According to Japanese financial services major Nomura, demonetisation of high value notes last month is affecting the growth numbers and once the cash shortage eases, the country is expected to see a gradual recovery.

    05 Dec 2016, 2.42 pm  |  Source: PTI

  • RBI may cut 25 bps on Dec 7, another in Q1 of 2017: DBS

    RBI may cut 25 bps on Dec 7, another in Q1 of 2017: DBS  

    According to the global financial services major, the RBI policy committee is expected to take a 'growth-supportive' stance as the government's recent banknote ban has raised downside risks to growth for at least two quarters, beg...

    05 Dec 2016, 1.34 pm  |  Source: PTI

  • 53,221 petrol pumps in the country: Government

    53,221 petrol pumps in the country: Government  

    Power Minister Piyush Goyal said the expansion of retail outlets network by oil marketing companies (OMCs) throughout the country is a continuous process to ensure adequate availability of motoring fuels like petrol and diesel in ...

    05 Dec 2016, 1.28 pm  |  Source: PTI

  • Higher oil prices a risk to India`s growth trajectory: Pradhan

    Higher oil prices a risk to India's growth trajectory: Pradhan  

    Benchmark Brent oil has rallied to USD 54.56 a barrel, the biggest weekly gain since 2009, after OPEC approved its first supply cut in eight years.

    05 Dec 2016, 1.14 pm  |  Source: PTI

  • India prioritising shift to become natural gas-based economy: PM

    India prioritising shift to become natural gas-based economy: PM  

    "Natural gas is the next-generation fossil fuel, cheaper and less polluting," Modi said in an address at India's flagship energy event, Petrotech.

    05 Dec 2016, 10.57 am  |  Source: Reuters

  • Indian services activity plunges into contraction in November

    Indian services activity plunges into contraction in November  

    The latest data, coupled with another last week that showed factory activity slumped as well, offers the first glimpse of the massive hit the economy is likely to take from Modi's demonetization drive.

    05 Dec 2016, 10.54 am  |  Source: Reuters

  • India`s economy expected to grow five-fold by 2040: PM Modi

    India's economy expected to grow five-fold by 2040: PM Modi   

    While addressing a gathering at Petrotech Exhibition, the prime minister said, "While global economy goes through uncertainty, India has shown tremendous resilience. FDI is also at the highest level."

    05 Dec 2016, 10.44 am  |  Source: NEWS18.com

  • Still shooting for April 1 GST deadline: Haseeb Drabu

    Still shooting for April 1 GST deadline: Haseeb Drabu   

    Demonetisation, says Drabu, is a separate issue altogether and will not affect the functioning of GST in the country. But he points out the inadequate IT preparedness for GST of the country.

    05 Dec 2016, 10.24 am  |  Source: CNBC-TV18

  • More holes in Modi`s Income Declaration Scheme: Chidambaram

    More holes in Modi's Income Declaration Scheme: Chidambaram  

    The former Union finance minister's comment came after Ahmedabad-based realtor Mahesh Shah, who, a few days ago, had declared unaccounted income of Rs 13,860 crore, yesterday appeared on a television show claiming that he was just...

    05 Dec 2016, 9.02 am  |  Source: PTI

  • People support demonetisation: Nirmala Sitharaman

    People support demonetisation: Nirmala Sitharaman  

    People in the country, despite facing hardships, are supporting the Prime Minister's demonetisation move, which is in the "greater interest our nation", she told reporters.

    05 Dec 2016, 9.02 am  |  Source: PTI

  • Issue white paper on demonetisation: Congress to Centre

    Issue white paper on demonetisation: Congress to Centre  

    Singh alleged that even the Prime Minister's Chief Economic Adviser Arvind Subramanian and other officials were in the dark about the impending demonetisation.

    05 Dec 2016, 8.12 am  |  Source: PTI

  • Oil & Gas sector bringing socio economic change: Pradhan

    Oil & Gas sector bringing socio economic change: Pradhan  

    "Internationally, the hydrocarbon sector is witnessing unprecedented technological developments," the minister said at inauguration of Petrotech 2016 here.

    05 Dec 2016, 8.12 am  |  Source: PTI

  • Demonetisation: No gains in sight

    Demonetisation: No gains in sight  

    Deposits collected by banks of derecognised Rs 500 and 1,000 rupees are close to Rs 12 lakh crore as of last week according to reliable information available with our channel and this figure doesn’t include monies collected by p...

    05 Dec 2016, 8.00 am  |  Source: CNBC-TV18

  • IDS gets Rs 67,382 cr, over Rs 2K cr higher than estimate

    IDS gets Rs 67,382 cr, over Rs 2K cr higher than estimate  

    The Finance Ministry today revised upwards black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, which will fetch the government a little over Rs 30,000 crore in direct tax revenue even as it did not take...

    04 Dec 2016, 5.40 pm  |  Source: PTI

  • I-T dept detects undisclosed Rs 1.64 cr in Jan Dhan accounts

    I-T dept detects undisclosed Rs 1.64 cr in Jan Dhan accounts  

    The Income Tax department has found "various inconsistencies" in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limi...

    04 Dec 2016, 4.20 pm  |  Source: PTI

  • Need clear tax laws to prevent black money creation: NITI Chief

    Need clear tax laws to prevent black money creation: NITI Chief  

    Terming taxation laws in the country as "ill-defined", Niti Aayog vice-chairman Arvind Panagariya today called for removing ambiguities in them so as to do away with "discretion of the tax officer".

    04 Dec 2016, 4.20 pm  |  Source: PTI

  • Jan Dhan deposits stabilise; get Rs 1,487 cr in 7 days

    Jan Dhan deposits stabilise; get Rs 1,487 cr in 7 days  

    The big surge in deposits into Jan Dhan accounts after the demonetisation seems to be stabilising now as just Rs 1,487 crore has been parked in them over 7 days to November 30, as against Rs 8,283 crore in the previous week.

    04 Dec 2016, 2.58 pm  |  Source: PTI

  • India takes pride of place, crosses $300 bn FDI milestone

    India takes pride of place, crosses $300 bn FDI milestone  

    India crossed the USD 300 billion foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credentials as a safe investment destination in the world.

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • Infra bottlenecks put investors in wait and watch mode

    Infra bottlenecks put investors in wait and watch mode  

    Even as the government is going all-out to attract FDI in the infrastructure space, foreign investors are adopting a wait and watch approach, BMI Research said in a report.

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • Demonetisation: Mixed impact on leisure travel

    Demonetisation: Mixed impact on leisure travel  

    Demonetisation of Rs 1,000 and Rs 500 notes by the Centre has had a mixed impact on leisure travel to foreign countries.

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • Note ban likely to generate heat in Maharashtra winter session

    Note ban likely to generate heat in Maharashtra winter session  

    Buoyed by the party's success in local body polls, the BJP-led government will enter the Winter session of Maharashtra Assembly with confidence but the opposition will seek to put it on mat over key issues like the problems being ...

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • Rail projects worth over Rs 60,000 cr with state participation

    Rail projects worth over Rs 60,000 cr with state participation  

    As many as 16 states have responded till now to Railways' offer of sharing cost of about 40 projects worth over Rs 60,000 crore for speed implementation of laying new lines and development of stations among others.

    04 Dec 2016, 11.16 am  |  Source: PTI

  • Demonetisation will push GDP growth to 10%: Meghwal

    Demonetisation will push GDP growth to 10%: Meghwal  

    Demonetisation will lead to a spurt in economic activity, which will in turn push GDP growth to 10 per cent, Union minister Arjun Ram Meghwal has said.

    04 Dec 2016, 11.16 am  |  Source: PTI

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