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Economy

  • Foreign seed firms form alliance to protest India regulation

    Foreign seed firms form alliance to protest India regulation  

    The India businesses of Monsanto, Bayer, Dow, Dupont Pioneer and Syngenta have joined the group, which was about to hold a news conference.

    26 Aug 2016, 4.04 pm  |  Source: Reuters

  • `India can recast global narrative; needs 8-10% growth`

    'India can recast global narrative; needs 8-10% growth'  

    "India needs to growth at 8-10 percent over next 20 years if it is to create jobs for youthful population, if it is to reduce tremendous under-employment and if it is to achieve inclusive growth including significant shift of peop...

    26 Aug 2016, 4.00 pm  |  Source: PTI

  • Mfg growth to be higher in Q2 on better export outlook: Poll

    Mfg growth to be higher in Q2 on better export outlook: Poll  

    The latest quarterly survey by Ficci on manufacturing outlook for the second quarter also finds that the interest rate paid by the manufacturers still remains high and sticky.

    26 Aug 2016, 3.32 pm  |  Source: PTI

  • Government invites public comments on changing financial year

    Government invites public comments on changing financial year  

    Some arguments are less on the intrinsic merit or demerit of the change and more on the timing of the change, such as when it coincides with other developments impacting businesses, said the write-up, inviting public comments by S...

    26 Aug 2016, 3.10 pm  |  Source: PTI

  • Price correction boosts demand;Indian discounts fall to 3mth low

    Price correction boosts demand;Indian discounts fall to 3mth low  

    The safe-haven asset, which is highly sensitive to interest rates, has declined more than 1 percent this week as upbeat US economic data boosted expectations of an interest rate hike by the Federal Reserve this year.

    26 Aug 2016, 2.07 pm  |  Source: Reuters

  • RBI`s bond mkt reforms and the opportunity for ratings agencies

    RBI's bond mkt reforms and the opportunity for ratings agencies   

    The Reserve Bank of India's decision to open up the corporate bond market will lead to more trading and liquidity in the securities.

    26 Aug 2016, 1.22 pm  |  Source: CNBC-TV18

  • Masala bonds to ease capital constraints for banks: Fitch

    Masala bonds to ease capital constraints for banks: Fitch  

    Fitch said the RBI's proposal to allow banks to issue 'masala bonds' - rupee-denominated bonds issued in offshore capital markets - would ultimately deepen the market for AT1 and tier II bond issuance.

    26 Aug 2016, 12.50 pm  |  Source: PTI

  • Polavaram project hangs fire as Centre frowns over execution

    Polavaram project hangs fire as Centre frowns over execution  

    The report, which is currently under the perusal of the Prime Minister's Office, could well determine the fate of the project even as Chief Minister N Chandrababu Naidu is desperate to complete it ahead of the next election due in...

    26 Aug 2016, 12.44 pm  |  Source: PTI

  • Need to change laws, speed up processes to transform India: PM

    Need to change laws, speed up processes to transform India: PM  

    Stressing on the need to bring changes through transformation of governance, Modi said it cannot happen with an administrative system of the 19th century.

    26 Aug 2016, 12.34 pm  |  Source: PTI

  • Kashmir`s economy suffers body blow, Rs 6400 cr loss in 49 days

    Kashmir's economy suffers body blow, Rs 6400 cr loss in 49 days  

    Tourist and other business activities in Kashmir have come to a halt for the past 49 days after protests erupted in Kashmir following the killing of Hizbul Mujahideen commander Burhan Wani in an encounter with security forces in s...

    26 Aug 2016, 12.28 pm  |  Source: PTI

  • Australia pulse crops racing to record to fill Indian plates

    Australia pulse crops racing to record to fill Indian plates  

    Prices of the key pulses, long-used to make dishes such as curries and growing in popularity globally due to their high-protein content, soared above AUSD 1,200 (USD 915) per tonne earlier this year, according to National Australi...

    26 Aug 2016, 12.19 pm  |  Source: Reuters

  • Would be a gamechanger if RBI allows repos under LAF: SBI

    Would be a gamechanger if RBI allows repos under LAF: SBI   

    In an interview with CNBC-TV18, C Venkat Nageswar, Deputy MD, SBI, talked about the impact of the RBI's move to open up the corporate bond market and what this would mean for banks.

    26 Aug 2016, 11.33 am  |  Source: CNBC-TV18

  • Cong will GST support; Impact on Goa to be seen: Pratapsinh Rane

    Cong will GST support; Impact on Goa to be seen: Pratapsinh Rane  

    "Congress has supported GST bill in Parliament. We will also help passage of ratification in Goa Legislative Assembly," Rane told reporters yesterday.

    26 Aug 2016, 11.00 am  |  Source: PTI

  • Chhattisgarh, Raj farmers to exchange ideas to boost agriculture

    Chhattisgarh, Raj farmers to exchange ideas to boost agriculture  

    "The two states have different climatic conditions as well as variety in types of soil. Exchanging new ideas and best practices will help farmers of both the states to combat challenges faced in agriculture sector, besides enhanci...

    26 Aug 2016, 10.56 am  |  Source: PTI

  • Under India`s incoming RBI boss expect less chat,unified message

    Under India's incoming RBI boss expect less chat,unified message  

    Meetings go on to this day, but out went the kind of private chats that could unsettle markets, occurrences that became known as "open mouth operations", as opposed to open market operations the RBI carries out.

    26 Aug 2016, 10.36 am  |  Source: Reuters

  • Govt distributes over 15 cr LED bulbs under DELP scheme

    Govt distributes over 15 cr LED bulbs under DELP scheme  

    These 15.10 crore LED bulbs will help in saving of 53.74 million units of electricity per day and Rs 21.49 crore daily, stated information updated on UJALA web portal.

    26 Aug 2016, 8.54 am  |  Source: PTI

  • Rajasthan Govt to establish multiple skill training centres

    Rajasthan Govt to establish multiple skill training centres  

    According to the MoU, the organisation will also provide skill training in sectors such as agriculture, horticulture, and animal husbandry.

    26 Aug 2016, 8.54 am  |  Source: PTI

  • Provide loans to women SHGs at 7%: RBI to banks

    Provide loans to women SHGs at 7%: RBI to banks  

    "All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakh at 7 percent per annum (under Deendayal Antyodaya Yojana-National Rural Livelihoods Mission). SHGs availing capital subsidy under SGSY in their exi...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Analysts, market participants hail RBI move on bond markets

    Analysts, market participants hail RBI move on bond markets  

    Welcoming the RBI measures, Karthik Srinivasan, Senior Vice-President, Icra, said, "The slew of measures announced by RBI should encourage greater participation from issuers, investors and intermediaries as it has accepted many of...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Railways must implement decisions on staff transfer: CAT

    Railways must implement decisions on staff transfer: CAT  

    Justice G Rajasuria, judicial member of CAT, who disposed of the original applications filed by Southern Railway Mazdoor Union last week, said the minutes of the meeting did not disclose what transpired during the discussion and w...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • PM should stall construction of dams over Ganga: Swaroopanand

    PM should stall construction of dams over Ganga: Swaroopanand  

    "Namami Gange mission will be successful only if the dams proposed or being built over the river are stalled by Prime Minister Narendra Modi, " Swaroopanand told reporters here.

    26 Aug 2016, 7.46 am  |  Source: PTI

  • RBI lets banks issue masala bonds, to accept corp bonds in LAF

    RBI lets banks issue masala bonds, to accept corp bonds in LAF  

    To encourage overseas rupee bonds market, banks are being permitted to issue rupee-denominated bonds overseas (masala bonds) for their capital requirements and for financing infrastructure and affordable housing.

    25 Aug 2016, 8.56 pm  |  Source: PTI

  • ICRA pegs first quarter GDP growth flat at 7.2%

    ICRA pegs first quarter GDP growth flat at 7.2%  

    Domestic rating agency Icra has estimated the GDP growth to remain flat at 7.2 per cent in the first quarter under the gross value added (GVA) calculation, thanks to an uptick in the industrial sector negating the decline in servi...

    25 Aug 2016, 7.50 pm  |  Source: PTI

  • Reserve Bank unlikely to reduce rates before April 2017: EIU

    Reserve Bank unlikely to reduce rates before April 2017: EIU  

    RBI is unlikely to cut rates before April 2017, according to the Economist Intelligence Unit (EIU), which has said outgoing Governor Raghuram Rajan has tamed inflation by refusing to bow to the government's desire for lower rates.

    25 Aug 2016, 6.58 pm  |  Source: PTI

  • RBI retains `too big to fail` status for SBI, ICICI Bank

    RBI retains 'too big to fail' status for SBI, ICICI Bank  

    The Reserve Bank of India (RBI) on Thursday retained State Bank of India and ICICI Bank , the nation's top two lenders by assets, as "domestic systemically important banks", or the equivalent as "too big to fail" for a second cons...

    25 Aug 2016, 5.38 pm  |  Source: Reuters

  • Mauritius to remain major FDI source till March 2019: Experts

    Mauritius to remain major FDI source till March 2019: Experts  

    While the Cabinet yesterday approved the signing of revised pact with Cyprus, which will enable India to tax capital gains for investments originating there, the government has already revised the tax treaty with Mauritius.

    25 Aug 2016, 5.36 pm  |  Source: PTI

  • Urjit Patel to maintain Rajan`s anti-inflationary stance:Goldman

    Urjit Patel to maintain Rajan's anti-inflationary stance:Goldman  

    According to the global financial services major, Patel's appointment as the next RBI Governor will lead to policy continuity.

    25 Aug 2016, 3.36 pm  |  Source: PTI

  • Gems, jewellery exports up about 12% in April-July FY`17

    Gems, jewellery exports up about 12% in April-July FY'17  

    In April-July period of the last fiscal, exports from the sector were at USD 10.21 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).

    25 Aug 2016, 3.20 pm  |  Source: PTI

  • Steel Ministry seeks higher supply of coking coal

    Steel Ministry seeks higher supply of coking coal  

    "The Steel Ministry wants more availability of coking coal for steel plants of SAIL and RINL. As a result, Steel Secretary Aruna yesterday met Coal Secretary Anil Swarup," an official said.

    25 Aug 2016, 2.22 pm  |  Source: PTI

  • India`s GDP to expand by 7.9% this fiscal: Goldman

    India's GDP to expand by 7.9% this fiscal: Goldman  

    The global financial services major said the GDP is expected to improve gradually and for the April-June quarter it may slow a tad to 7.8 percent, in part due to unfavorable base. It had grown at 7.9 percent in the previous quarte...

    25 Aug 2016, 2.12 pm  |  Source: PTI

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