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Economy

  • New RBI chief unlikely before Aug meeting, Kaushik Basu in frame

    New RBI chief unlikely before Aug meeting, Kaushik Basu in frame  

    Two government sources with direct knowledge of the matter also said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept...

    26 Jul 2016, 4.12 pm  |  Source: Reuters

  • Govt collected Rs 3,902 cr Swachh Bharat cess in FY`16

    Govt collected Rs 3,902 cr Swachh Bharat cess in FY'16  

    "The amount of Swachh Bharat Abhiyan cess collected in financial year 2015-16 is Rs 3901.78 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha today.

    26 Jul 2016, 4.00 pm  |  Source: PTI

  • Centre approves construction of 2.4 lakh houses for urban poor

    Centre approves construction of 2.4 lakh houses for urban poor  

    Central assistance of Rs 3,634 crore has been approved for construction of the houses under three segments of the urban housing mission -- Affordable Housing In Partnership (1,24,642 houses), Beneficiary Led Construction (1,15,989...

    26 Jul 2016, 3.48 pm  |  Source: PTI

  • Demand in RS to set up state FMs` panel on debt burden

    Demand in RS to set up state FMs' panel on debt burden  

    During the Question Hour, TMC member Derek O'Brien said several states like Uttar Pradesh, Gujarat, Tamil Nadu, West Bengal, Madhya Pradesh and Kerala, have huge debts.

    26 Jul 2016, 3.36 pm  |  Source: PTI

  • Nearly 15,000 complaints received against listed cos in FY16

    Nearly 15,000 complaints received against listed cos in FY16  

    In a written reply to Rajya Sabha, Minister of State for Finance Arjun Ram Meghwal said the complaints received against listed companies in SCORES (Sebi Complaints Redress System) stood at 14,978 in last financial year.

    26 Jul 2016, 3.32 pm  |  Source: PTI

  • SUUTI sale: ITC, Axis Bank, L&T first up on govt plan to divest

    SUUTI sale: ITC, Axis Bank, L&T first up on govt plan to divest  

    The government will soon be appointing merchant bankers to help it find a buyer for its minority stake in 51 companies which it holds through the Specified Undertaking of UTI (SUUTI) fund. The government will kick of its divestmen...

    26 Jul 2016, 3.29 pm  |  Source: Moneycontrol.com

  • Infra spending up; NHAI executing 205 projects: Chairman

    Infra spending up; NHAI executing 205 projects: Chairman  

    On the problems plaguing PPP projects, he said there had been uncertainties in the PPP projects in the past. Also, there had been "very aggressive" bidding in the period from 2010 to 2012.

    26 Jul 2016, 3.22 pm  |  Source: PTI

  • Early solution to dam construction on Mahanadi, hopes Centre

    Early solution to dam construction on Mahanadi, hopes Centre  

    Minister of state for Water Resources Sanjeev Balyan said the Centre was only a intermediary as the issue was majorly a state subject.

    26 Jul 2016, 2.56 pm  |  Source: PTI

  • Not appropriate to compare 7th pay panel with previous ones:Govt

    Not appropriate to compare 7th pay panel with previous ones:Govt  

    According to the 7th Pay Commission, the real increase given in 1996 and 2006 in minimum pay was 31 percent and 51 percent. As compared to that, the commission recommended an increase of 14.29 percent.

    26 Jul 2016, 2.38 pm  |  Source: PTI

  • Govt bonds short of the crease, FPIs bid for Rs 7,227 cr

    Govt bonds short of the crease, FPIs bid for Rs 7,227 cr  

    The auction was conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs yesterday after the close of market hours. At the end of the two-hour auction, all the 34 bids were declared successful.

    26 Jul 2016, 2.16 pm  |  Source: PTI

  • 269 fresh FPIs register with Sebi in April

    269 fresh FPIs register with Sebi in April  

    This is over and above the nearly 2,900 additional FPIs who got approval from Sebi during 2015-16.

    26 Jul 2016, 2.08 pm  |  Source: PTI

  • Moving to GST regime will be beneficial for economy: DBS

    Moving to GST regime will be beneficial for economy: DBS  

    Hopes are high that the long-standing Goods and Services Tax (GST), which has been pending for more than a decade, will be passed in the ongoing monsoon Parliament session.

    26 Jul 2016, 1.56 pm  |  Source: PTI

  • Suresh Prabhu to flag off Delhi-Agartala train service on Jul 31

    Suresh Prabhu to flag off Delhi-Agartala train service on Jul 31  

    The new direct train would be named as 'Tripureswari Super Fast Express,' Tripura Transport Minister Manik Dey told PTI.

    26 Jul 2016, 1.46 pm  |  Source: PTI

  • India discovers producible natural gas hydrates: US agency

    India discovers producible natural gas hydrates: US agency  

    "Advances like the Bay of Bengal discovery will help unlock the global energy resource potential of gas hydrates as well help define the technology needed to safely produce them," said Walter Guidroz, coordinator of the US Geologi...

    26 Jul 2016, 1.12 pm  |  Source: PTI

  • Govt notifies revised pay grades for employees

    Govt notifies revised pay grades for employees  

    The minimum pay in central government with effect from January 1, 2016 will now be Rs 18,000 per month; at the highest level, it will be Rs 2.5 lakh.

    26 Jul 2016, 12.48 pm  |  Source: PTI

  • Mining crisis in Goa pulls primary sector growth into negative

    Mining crisis in Goa pulls primary sector growth into negative  

    The report, tabled in the Legislative Assembly here yesterday, stated that the growth in the primary sector slipped largely due to continued crisis in state's major revenue earner iron ore mining industry.

    26 Jul 2016, 11.38 am  |  Source: PTI

  • Chidambaram has been magnanimous in endorsing my book:Subbarao

    Chidambaram has been magnanimous in endorsing my book:Subbarao  

    In the newly published book about his days as RBI governor, Subbarao was very critical of Chidambaram and Pranab Mukherjee, who served as finance ministers during his tenure at the central bank during 2008 to 2013.

    26 Jul 2016, 11.16 am  |  Source: PTI

  • Indo-Pak trade at $339.43 mn in April-May

    Indo-Pak trade at $339.43 mn in April-May  

    Exports during April-May stood at USD 278.75 million and imports were aggregated at USD 60.68 million.

    26 Jul 2016, 9.34 am  |  Source: PTI

  • Rajasthan wants Maha industrialists to partner in farm sector

    Rajasthan wants Maha industrialists to partner in farm sector  

    GRAM, an agri-technology and business event, is being organised in association with Federation of Indian Chambers of Commerce and Industry (FICCI) from November 9-11 at Jaipur.

    26 Jul 2016, 9.34 am  |  Source: PTI

  • Growth of job generation decelerated in 2015, says Nirmala

    Growth of job generation decelerated in 2015, says Nirmala  

    The total employment generation in 2015 stood at 1.35 lakh compared with 4.21 lakh in 2014, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha, quoting the Labour Bureau's quarterly quick em...

    26 Jul 2016, 9.18 am  |  Source: PTI

  • NHIDCL to hold meet on road making in high rainfall areas

    NHIDCL to hold meet on road making in high rainfall areas  

    The conference aims at advocating the use of appropriate soil, slope stabilisation and other technologies to enhance the life cycle benefits of road pavements in high rainfall conditions, Road Transport & Highways Ministry said in...

    26 Jul 2016, 9.14 am  |  Source: PTI

  • Arun Jaitley to meet state ministers to push GST bill

    Arun Jaitley to meet state ministers to push GST bill  

    The proposed tax reform, the biggest since India's independence from Britain in 1947, seeks to replace a slew of taxes and levies in its 29 states, transforming the nation of 1.3 billion people into a customs union.

    26 Jul 2016, 8.04 am  |  Source: Reuters

  • RBI can`t be expected to fix macro issues: Nobel laureate

    RBI can't be expected to fix macro issues: Nobel laureate  

    "The central bank (RBI) should continue to focus on inflation. I think sometimes people expect too much from the RBI," Hansen told reporters here.

    26 Jul 2016, 7.46 am  |  Source: PTI

  • 25 Since Reforms: Bimal Jalan

    25 Since Reforms: Bimal Jalan   

    Watch the interview of Bimal Jalan Former Governor, RBI Chairman, PMEAC - 1991 to CNBC-TV18, in which he shared his thoughts on 25 years of reforms in India and its impact on Indian economy.

    25 Jul 2016, 10.31 pm  |  Source: CNBC-TV18

  • Govt trying to pass GST bill this session: Meghwal

    Govt trying to pass GST bill this session: Meghwal  

    Government is working overtime to build a consensus on the long-pending Goods and Services Tax (GST) bill with the hope of getting it passed during the ongoing Parliament session, Minister of State for Finance Arjun Ram Meghwal s...

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • India to renegotiate all bilateral investment pacts: Nirmala

    India to renegotiate all bilateral investment pacts: Nirmala  

    India has proposed to renegotiate all its bilateral investment pacts and to replace them with new treaties, Parliament was informed today.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Hope next RBI guv continues inflation crusade: Prof Lars Hansen

    Hope next RBI guv continues inflation crusade: Prof Lars Hansen   

    Outgoing Reserve Bank of India Raghuram Rajan, who was attacked by some for following his tight monetary policy stance, found backing from his University of Chicago colleague, nobel-laureate Lars Hansen.

    25 Jul 2016, 7.59 pm  |  Source: CNBC-TV18

  • `Take-home` most important salary component for workers:Report

    'Take-home' most important salary component for workers:Report  

    According to a TimesJobs.com Compensation and Benefit study that surveyed over 1,000 employers, take-home salary has emerged as the common preferred salary component among employees across generations there are distinct difference...

    25 Jul 2016, 6.42 pm  |  Source: PTI

  • Economy would`ve benefited if Rajan had stayed: Subbarao

    Economy would've benefited if Rajan had stayed: Subbarao   

    Terming Reserve Bank Governor Raghuram Rajan's decision to not seek an extension as 'surprising', his predecessor Duvvuri Subbarao says the economy would have been benefited immensely if he had continued.

    25 Jul 2016, 5.27 pm  |  Source: CNBC-TV18

  • Power deficit 0.9% in April-June quarter this fiscal: Goyal

    Power deficit 0.9% in April-June quarter this fiscal: Goyal  

    "As per information given by states/UTs to the Central Electricity Authority, the gap between demand and supply of electricity has been brought down to the lowest ever 2.1 percent during 2015-16 which has further reduced to 0.9 pe...

    25 Jul 2016, 3.52 pm  |  Source: PTI

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