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Economy

  • UJALA will be implemented across country by 2019: Goyal

    UJALA will be implemented across country by 2019: Goyal  

    "Since the UJALA scheme was launched a year ago on May 1, a total of 9 crore LED bulbs were sold in the country, which means people will get the benefit of Rs 5,500 crore in their electricity bills. It will be implemented across t...

    30 Apr 2016, 4.22 pm  |  Source: PTI

  • Odisha announces 6% increase in DA for its employees

    Odisha announces 6% increase in DA for its employees  

    The increase, which would come into force with retrospective effect from January 1, 2016, has raised the rate from 119 percent to 125 percent, Finance Minister Pradip Amat told reporters here.

    30 Apr 2016, 3.18 pm  |  Source: PTI

  • India pitches for closer ties with New Zealand

    India pitches for closer ties with New Zealand  

    The President, who arrived here on a maiden three-day state visit, spoke about the importance being attached by India to the Pacific region which he termed as a "natural extension of our immediate neighbourhood of South East Asia"...

    30 Apr 2016, 3.18 pm  |  Source: PTI

  • Investigative agencies have ability to find money trail: Sinha

    Investigative agencies have ability to find money trail: Sinha  

    "These are investigations that our agencies are undertaking and they are very capable," Sinha said in response to a question on how confident the government is in proving the money trail to Sonia Gandhi or if it is just a politica...

    30 Apr 2016, 2.16 pm  |  Source: PTI

  • RBI deputy governor R Gandhi calls for more green funding

    RBI deputy governor R Gandhi calls for more green funding  

    "The challenge before developing economies like ours is to mainstream green finances, so as to incorporate environmental impact into commercial lending, while simultaneously balancing the needs to economic growth and social develo...

    30 Apr 2016, 1.20 pm  |  Source: PTI

  • Nabard partners Germany for food security initiative

    Nabard partners Germany for food security initiative  

    A high-level delegation from the Economic Cooperation and Development (BMZ) Ministry of Germany, led by Stefan Schmitz, Commissioner, was here in connection with the programme, a release said.

    30 Apr 2016, 1.20 pm  |  Source: PTI

  • Food law rolled out in 33 states/UTs: Government

    Food law rolled out in 33 states/UTs: Government  

    The Comptroller and Auditor General, which evaluated preparedness of 18 states/UTs for implementation of the law in its audit report released today, blamed the Centre for delay in implementation of the NFSA and extending its rollo...

    30 Apr 2016, 1.14 pm  |  Source: PTI

  • Railways withdraw 15% busy season charge on freight

    Railways withdraw 15% busy season charge on freight  

    As per the existing policy, this charge is not levied during the lean season - July to September, which implies that BSC will not be levied effectively till September 30, 2016.

    30 Apr 2016, 1.14 pm  |  Source: PTI

  • Textile sector seeks govt support to boost exports

    Textile sector seeks govt support to boost exports  

    "Some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competing countries need to be addressed on a war footing," Textile Export Promotion Council (Texprocil) Chairman R K...

    30 Apr 2016, 1.14 pm  |  Source: PTI

  • Wrap up probes as early as possible: Revenue Secy to ED

    Wrap up probes as early as possible: Revenue Secy to ED  

    Stating that some cases have been dragging on for 7-8 years, Adhia said, "It is not a good idea to keep so many cases open. We should finish investigation as early as possible." Adhia also emphasised that actual conviction rate is...

    30 Apr 2016, 1.08 pm  |  Source: PTI

  • Improvement in logistics to boost exports: Nitin Gadkari

    Improvement in logistics to boost exports: Nitin Gadkari  

    "Reducing logistics cost can boost exports 1.5 times in the country besides leading to faster economic development," Road Transport and Highways Minister Gadkari said addressing the second Smart Transportation Infra Summit & Expo ...

    30 Apr 2016, 1.00 pm  |  Source: PTI

  • Finmin for EPFO`s reserve fund to protect interest of workers

    Finmin for EPFO's reserve fund to protect interest of workers  

    While ratifying interest rate of 8.8 percent on Employees Provident Fund (EPF) for 2015-16, sources said it advised the Labour Ministry to create a reserve fund for future to protect workers from interest rate shocks in a regime o...

    30 Apr 2016, 12.38 pm  |  Source: PTI

  • NPA mess: Acceptance, flexibility among players needed

    NPA mess: Acceptance, flexibility among players needed   

    About 80 percent of the bad loan issue in road and power sectors will be resolved over a period of time and about 10-20 percent will have to be written off, says RK Bansal, Executive Director of IDBI Bank.

    30 Apr 2016, 12.23 pm  |  Source: CNBC-TV18

  • India will achieve solar energy target: Goyal

    India will achieve solar energy target: Goyal  

    India will definitely achieve the target for enhancing solar power capacity and add 10,500 MW in the current fiscal, New & Renewable Energy Minister Piyush Goyal said today.

    29 Apr 2016, 7.54 pm  |  Source: PTI

  • Pick-up in WPI inflation likely in FY`17: BofA-ML

    Pick-up in WPI inflation likely in FY'17: BofA-ML  

    With global commodities deflation bottoming out, the WPI inflation is likely to see an uptick in the current fiscal and is estimated at 7.1 per cent by March 2017, says a Bank of America Merrill Lynch report.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • 11,997 cases of credit card, net banking frauds during Apr-Dec

    11,997 cases of credit card, net banking frauds during Apr-Dec  

    Close to 12,000 cases related to credit/debit cards and net banking were reported during April- December 2015, Parliament was informed today.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Govt raises EPF interest rate to 8.8% for 2015-16

    Govt raises EPF interest rate to 8.8% for 2015-16  

    In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8 percent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Rajan for inclusion of financial literacy in school syllabus

    Rajan for inclusion of financial literacy in school syllabus  

    Reserve Bank Governor Raghuram Rajan today proposed inclusion of financial literacy in school curriculum.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Forex reserves at record high of $361.601 bn

    Forex reserves at record high of $361.601 bn  

    Continuing their rising trend, the country's foreign exchange reserves increased by USD 1.350 billion to touch a record high of USD 361.601 billion in the week to April 22, Reserve Bank said today.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • CAG pulls up govt for delay in implementation of food law

    CAG pulls up govt for delay in implementation of food law  

    The Comptroller and Auditor General today rapped the Centre for delay in implementation of the National Food Security Act (NFSA) and extending its rollout thrice without Parliament approval.

    29 Apr 2016, 6.20 pm  |  Source: PTI

  • Direct Tax share in economy at decade low

    Direct Tax share in economy at decade low  

    Corporate tax collections have risen nearly 12-fold in last 15 years and personal income tax 9 fold but share of direct taxes in the economy has fallen to almost a decade low of 5.47 per cent, according to direct tax data publ...

    29 Apr 2016, 6.20 pm  |  Source: PTI

  • OMCs ask Oil Min if diesel, petrol prices can be hiked

    OMCs ask Oil Min if diesel, petrol prices can be hiked  

    The OMCs are asking the government to increase price of petrol by 90 paise and diesel by Rs 2.

    29 Apr 2016, 5.20 pm  |  Source: CNBC-TV18

  • Railways mulling more advts, sponsoring uniforms to hike revenue

    Railways mulling more advts, sponsoring uniforms to hike revenue  

    Minister of Railways Suresh Prabhu gave these details in Rajya Sabha during the Question Hour, where he also informed members that the government is working to complete the dedicated freight corridor by 2019 after which it is expe...

    29 Apr 2016, 3.28 pm  |  Source: PTI

  • `Modi`s address to US Congress an opportunity to boost ties`

    'Modi's address to US Congress an opportunity to boost ties'  

    Reflecting the strong bipartisan support to the India-US relationship, the lawmakers welcomed the decision of the House Speaker Paul Ryan to invite Modi to address the joint meeting.

    29 Apr 2016, 3.04 pm  |  Source: PTI

  • India needs to seal FTA with EU even on compromise: Kant

    India needs to seal FTA with EU even on compromise: Kant  

    Amitabh Kant spoke at the launch a World Bank report titled 'Stitches to Riches? Apparel Employment, Trade and Economic Development in South Asia', which estimates that rising wages in China present a huge opportunity to the appar...

    29 Apr 2016, 2.56 pm  |  Source: PTI

  • Peer-to-peer lending: Easier and faster but is it safer?

    Peer-to-peer lending: Easier and faster but is it safer?  

    The Reserve Bank of India has kicked off efforts to regulate peer-to-peer (P2P) lending in India. The move is believed to help the funding gap in the market which banks haven’t been able to service sufficiently well. But what do...

    29 Apr 2016, 1.26 pm  |  Source: Moneycontrol.com

  • India performing well as compared to other nations: UN expert

    India performing well as compared to other nations: UN expert  

    The United Nations Economic and Social Survey for Asia and the Pacific-2016 report, released yesterday, said that the Indian economy is projected to expand by 7.6 percent in 2016-17 and grow further to 7.8 percent in 2017-18, main...

    29 Apr 2016, 12.46 pm  |  Source: PTI

  • Power shortage lowest ever level of 2.1% in FY`16: Piyush Goyal

    Power shortage lowest ever level of 2.1% in FY'16: Piyush Goyal  

    "During 2015-16, the energy shortage was 2.1 percent, which is the lowest ever in a single year," Power Minister Piyush Goyal said in a written reply to the Lok Sabha.

    29 Apr 2016, 9.44 am  |  Source: PTI

  • Efforts on to pass bankruptcy bill in ongoing session: Das

    Efforts on to pass bankruptcy bill in ongoing session: Das  

    "Bankruptcy Code: Welcome submission of report by Joint Parliamentary Committee. Effort will be to get it passed in current Budget session," Economic Affairs Secretary Shaktikanta Das tweeted.

    29 Apr 2016, 9.40 am  |  Source: PTI

  • Set up committee to adopt acceptable GDP methodology:Par Panel

    Set up committee to adopt acceptable GDP methodology:Par Panel  

    The committee noted the latest GDP data released by the CSO has raised more questions than providing answers and inputs on the momentum of economic activities across the country.

    29 Apr 2016, 9.38 am  |  Source: PTI

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