Economy

FM says will introduce direct tax code in monsoon session  

24 May 2013, 7.37 pm  |  Source: Reuters

Finance Minister P Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament....

Stimulus issue won't impact FII flows into India: Montek  

24 May 2013, 4.01 pm  |  Source: PTI

If US decides to withdrawal stimulus, it should not impact capital flows in India, says Planning Commission Deputy Chairman Montek Singh Ahluwalia....

RBI plans to ease hedging norms for exporters, importers  

24 May 2013, 3.11 pm  |  Source: Reuters

The Reserve Bank of India plans to allow exporters and importers to rebook and cancel up to 50 percent of their total hedged exposure from the present...

High growth does not warrant high inflation: Rangarajan  

23 May 2013, 10.32 pm  |  Source: CNBC-TV18

C Rangarajan, chairman, Economic Advisory Council to the Prime Minister on Thursday said that high growth did not warrant high inflation and stability...

TRAI recommendation on free roaming in 10-15 days  

23 May 2013, 8.11 pm  |  Source: PTI

The consultation process on nation-wide free roaming has been completed by Trai. Industry sources said national roaming is proposed to be done through...

Road projects not to be developed in PPP mode: NHAI    

23 May 2013, 7.41 pm  |  Source: CNBC-TV18

National Highways Authority of India (NHAI) now believes that conditions for public-private partnership (PPP) projects are not right. t gave several r...

Chidambaram seeks to soothe investor nerves  

23 May 2013, 4.59 pm  |  Source: Reuters

India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovere...

FM pegs fuel subsidy for current fiscal at Rs 20,000cr  

23 May 2013, 4.00 pm  |  Source: PTI

The finance minister said cash payouts to oil firms this fiscal will be just Rs 20,000 crore on Thursday. He agreed to give an additional Rs 45,000 cr...

CCI may allow fast-track nods for ports, road projects  

22 May 2013, 8.32 pm  |  Source: PTI

Port and road projects will now get faster clearance as Cabinet Committee on Investment, tomorrow, is likely to approve the proposal for allowing fas...

Logical to have trade parity pricing: Kirit Parikh   

22 May 2013, 7.23 pm  |  Source: CNBC-TV18

Kirit Parikh, former member, Planning Commission, says that though he has been recommending trade parity pricing, questions have been raised by oil ma...

4,195 villages in Maharashtra depend on tankers for water   

22 May 2013, 5.25 pm  |  Source: PTI

4,195 villages and 10,570 hamlets in Maharashtra depend on tankers for water. Water stock in dams in Marathwada has fallen to 5 percent of the total s...

FM for plugging regulatory gaps in financial sector  

22 May 2013, 1.50 pm  |  Source: PTI

In a bid to deal with collective investment and Ponzi schemes P Chidambaram said efforts are being made to frame a new law to bridge regulatory gaps i...

Average inflation has almost doubled in UPA II: Zarabi   

21 May 2013, 11.28 pm  |  Source: CNBC-TV18

A poll by CNN-IBN reveals the complete loss of trust of urban India in the government. More than half of those polled feel that Manmohan Singh should ...

Why Chidambaram doesn't yet deserve an upgrade  

21 May 2013, 3.27 pm  |  Source: Firstpost.com

Nothing to worry about? The current account deficit (CAD) is nowhere near our comfort zone (currently it’s around 5 percent of GDP, twice the 2.5 pe...

Bond market takes wing hoping RBI answers dovish prayers  

21 May 2013, 3.10 pm  |  Source: Reuters

On the back of suprisingly benign inflation reading for April and what investors interpreted as unexpectedly dovish comments from RBI Governor Duvvuri...

Expect bigger rate cuts in India in 2013: Barclays Capital  

21 May 2013, 11.32 am  |  Source: Reuters

The investment bank also marginally lowers its current fiscal year GDP forecast to 6 percent from 6.2 percent to reflect recent disappointment in econ...

First-half of monsoon to be better than 2012: IMD   

21 May 2013, 11.25 am  |  Source: CNBC-TV18

Pai is predicting monsoon to hit the Kerala coast with a little bit of delay- around June 4. ...

Steps to curb gold imports if needed: P Chidambaram   

20 May 2013, 7.57 pm  |  Source: CNBC-TV18

Gold imports will be curtailed if needed, says finance minister P Chidambaram, as it would affect the trade and current account deficits. Addressing a...

Government debt quota sale to foreign investors watched  

20 May 2013, 11.17 am  |  Source: Reuters

India cut tax rates for foreign investors on interest income from investments in government and corporate debt to five percent from 20 percent, hoping...

No case for S&P downgrade: Economic Affairs Secy  

20 May 2013, 11.08 am  |  Source: Reuters

Rating agency S&P last week warned that India needed to follow through on implementing a slew of pending economic reforms, a warning that dealt a blow...

FM seek enhanced bilateral trade and cooperation with Qatar  

20 May 2013, 8.51 am  |  Source: PTI

Seeking to enhance bilateral trade and cooperation, Finance Minister P Chidambaram today held discussions with Qatar's Emir and the Minister of Econom...

Forex reserves down $616.4 mn to $293.69 bn  

18 May 2013, 12.27 pm  |  Source: PTI

The forex reserves of the country have slipped for the second consecutive week, dipping by USD 616.4 million to USD 293.69 billion on a fall in curren...

India looking to set up feeder fund for IDFs: Chidambaram  

18 May 2013, 12.10 pm  |  Source: PTI

India is looking to set up a London-listed 'feeder fund' for Infrastructure Debt Funds (IDFs), and also to work with the UK on increasing institutiona...

US paves way for shale gas export to India  

18 May 2013, 11.57 am  |  Source: PTI

Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorisation to export domestically produce...

RBI to take note of falling inflation in next policy review  

18 May 2013, 11.51 am  |  Source: PTI

RBI to take into account falling inflation while deciding on policy initiative in its review next month....

Expectation of stable outlook by S&P warranted: Yes Bank   

17 May 2013, 10.17 pm  |  Source: CNBC-TV18

The expectation of a stable outlook was warranted, perhaps as this has been work-in-progress since September 2012, says Shubhada Rao, president & chie...

S&P report not much of surprise: Arvind Mayaram   

17 May 2013, 9.30 pm  |  Source: CNBC-TV18

Reacting to the S&P report on India, Arvind Mayaram, economic affairs secretary said the report does no come as a surprise. But he says that the coun...

S&P affirms BBB - rating on India, hints at downgrade    

17 May 2013, 8.31 pm  |  Source: CNBC-TV18

Despite the finance ministry making the pitch for an upgrade and the reform measures that have been undertaken in the last six months, S&P has maintai...

S&P rating signals Indian economy not out of woods yet  

17 May 2013, 6.34 pm  |  Source: Moneycontrol.com

S&P's affirmation of negative outlook on Indian economy signals that it is not on ‘road to recovery’ as perceived by the market. ...

Government to step up coal quality checks  

17 May 2013, 4.43 pm  |  Source: Reuters

Indian utilities have also become increasingly reliant on imported coal because domestic production is lagging demand, but the quality of many supplie...