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Moneycontrol

Economy

  • NPA resolution must be done with a sense of urgency: Acharya

    NPA resolution must be done with a sense of urgency: Acharya  

    Stating that timely resolution of NPAs is of essence if we were to restore corporate investment and create jobs, Acharya asked bankers to take NPA resolution "with a certain sense of urgency."

    22 Feb 2017, 7.52 am  |  Source: PTI

  • Govt developing digital matrix to evaluate states: NITI Aayog

    Govt developing digital matrix to evaluate states: NITI Aayog    

    Speaking to CNBC-TV18, Amitabh Kant, CEO of NITI Aayog, said the government was also pushing for an Aadhaar app and a reduction in the Merchant Discount Rate.

    21 Feb 2017, 9.57 pm  |  Source: CNBC-TV18

  • Viral Acharya suggests two-way approach to tackle bad loans

    Viral Acharya suggests two-way approach to tackle bad loans   

    The new deputy chairman of Reserve Bank Viral Acharya today cautioned about the increasing stressed assets and said if some resolution does not happen, it could “lead to a lost decade”.

    21 Feb 2017, 8.54 pm  |  Source: Moneycontrol.com

  • FIPB clears 15 FDI proposals worth Rs 12,000 cr

    FIPB clears 15 FDI proposals worth Rs 12,000 cr  

    Inter-ministerial body FIPB today approved 15 investment proposals, including that of Apollo Hospitals, Hindustan Aeronautics, Dr Reddy's and Vodafone, envisaging foreign investment of Rs 12,200 crore.

    21 Feb 2017, 8.08 pm  |  Source: PTI

  • Govt mulls reducing MDR charges on card payments

    Govt mulls reducing MDR charges on card payments  

    The government is working to reduce Merchant Discount Rate (MDR) charges to encourage digital payments, Niti Aayog CEO Amitabh Kant said today.

    21 Feb 2017, 5.36 pm  |  Source: PTI

  • GST Council needs to re-work its priorities: Manish Sisodia

    GST Council needs to re-work its priorities: Manish Sisodia   

    If the Good & Services Tax (GST) Bill is introduced without exhaustive planning, it could turn into a disaster, warns Manish Sisodia, Deputy CM of Delhi and a member of the GST Council.

    21 Feb 2017, 5.14 pm  |  Source: CNBC-TV18

  • M&A and InvITs to account 12% of total infra fund requirement

    M&A and InvITs to account 12% of total infra fund requirement  

    Funds amounting to Rs 400 billion will be raised by the infrastructure sector through mergers and acquisitions as well as InvITs, this year, contributing to about 12 percent of the total equity requirement in this industry, says a...

    21 Feb 2017, 5.00 pm  |  Source: PTI

  • Passenger vehicle fin mkt to hit Rs 1.63L cr by FY20: E&Y

    Passenger vehicle fin mkt to hit Rs 1.63L cr by FY20: E&Y  

    The passenger vehicle finance market in India is expected to grow 2.1 times to touch a size of Rs 1,63,600 crore by 2019-20, according to a report by global consultancy firm E&Y.

    21 Feb 2017, 4.58 pm  |  Source: PTI

  • Poultry industry`s profitability to improve in FY17: ICRA

    Poultry industry's profitability to improve in FY17: ICRA  

    Domestic poultry industry is expected to register sharp improvement in profitability in FY17 majorly supported by lower soymeal prices in H2 FY17 and remunerative broiler and table egg realisations during Q1 FY17.

    21 Feb 2017, 3.54 pm  |  Source: PTI

  • India Ratings maintains negative outlook on infra sect for FY18

    India Ratings maintains negative outlook on infra sect for FY18  

    The agency has revised the outlook for airports to positive for FY18 from stable in FY17, based on the solid fundamentals of air passenger volumes, underpinned by moderate fuel prices (although higher than 2016 levels) and favoura...

    21 Feb 2017, 3.28 pm  |  Source: PTI

  • Govt to fine-tune plan in bid to promote electric vehicles

    Govt to fine-tune plan in bid to promote electric vehicles  

    According to experts, several factors including higher cost of vehicles, power outages, lack of charging infrastructure and dearth of facilities for eco-friendly disposal of batteries to curb pollution are among the factors inhibi...

    21 Feb 2017, 2.48 pm  |  Source: PTI

  • India conveys reason to WTO for MIP on steel: Minister

    India conveys reason to WTO for MIP on steel: Minister  

    Japan has dragged India to the World Trade Organization against certain measures taken by New Delhi on imports of iron and steel products.

    21 Feb 2017, 2.44 pm  |  Source: PTI

  • Indian economy to reach $5 trillion by 2025: Morgan Stanley

    Indian economy to reach $5 trillion by 2025: Morgan Stanley  

    India's USD 2.2 trillion economy makes it the seventh largest in the world in terms of nominal GDP (and the third largest in PPP terms), but the country's per capita income is less significant.

    21 Feb 2017, 2.28 pm  |  Source: PTI

  • India wants certainty, transparency in US visa regime: Nirmala

    India wants certainty, transparency in US visa regime: Nirmala  

    Commerce and Industry Minister Nirmala Sitharaman said that the issue has been discussed in detail with a group of US Congressmen.

    21 Feb 2017, 1.54 pm  |  Source: PTI

  • 2,500 new FPIs register with Sebi in April-December

    2,500 new FPIs register with Sebi in April-December  

    The number of FPIs with Sebi's approval rose to 6,833 at the end of December from 4,311 at March-end, reflecting an addition of 2,522 such investors, according to the latest data from the Securities and Exchange Board of India (Se...

    21 Feb 2017, 1.08 pm  |  Source: PTI

  • `India expected to be self-sufficient in silk prod in 3-4 years`

    'India expected to be self-sufficient in silk prod in 3-4 years'  

    China produces 80 percent of global silk output, while India's share is 13 percent, he said.

    21 Feb 2017, 12.12 pm  |  Source: PTI

  • India, Rwanda sign three agreements

    India, Rwanda sign three agreements  

    According to the Memorandum of Understandings signed between Rwanda and India, Rwanda Air will soon begin services to India, and the two countries will mutually exempt visa requirements for diplomatic and official passport holders...

    21 Feb 2017, 10.52 am  |  Source: PTI

  • Insurance claims can still be rejected after 3 years for fraud

    Insurance claims can still be rejected after 3 years for fraud  

    After several rounds of discussion with the regulator where life insurers opposed this move, they have to come to an understanding that fraudulent claims will not be passed

    21 Feb 2017, 10.28 am  |  Source: Moneycontrol.com

  • India keen on rail link connecting Kathmandu to Delhi, Kolkata

    India keen on rail link connecting Kathmandu to Delhi, Kolkata  

    Noting that infrastructure was a prerequisite for attaining higher economic growth, Prabhu called the Nepal government and private sector to ramp up investment in construction of physical infrastructure.

    21 Feb 2017, 8.30 am  |  Source: PTI

  • Ramdev says Rs 2,000 note should be withdrawn in future

    Ramdev says Rs 2,000 note should be withdrawn in future  

    "High denomination currency never augurs well for any country, which is why the Prime Minister has stressed the digital transactions. The government should reconsider it (Rs 2,000 note) in future," Ramdev said here.

    21 Feb 2017, 8.30 am  |  Source: PTI

  • `Govt may cross Rs 45,500 cr divestment target this fiscal`

    'Govt may cross Rs 45,500 cr divestment target this fiscal'  

    "The response to recent disinvestment offers has been very good. It seems the disinvestment target for the current fiscal may be exceeded," one of the officials said.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Telangana Govt signs MoU with NABARD for Rs 874 crore loan

    Telangana Govt signs MoU with NABARD for Rs 874 crore loan  

    A Government release quoted Agriculture Secretary Parthasarathi as saying agriculture in the state is rain-fed and about 42.82 lakh acres depend on borewells for irrigation.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Further consolidation in PSU banks after improvement in NPA

    Further consolidation in PSU banks after improvement in NPA  

    The government may not like to go in for further consolidation in public sector banks till the NPA situation improves, sources said.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Centre okays building of over 90,000 houses under PMAY (Urban)

    Centre okays building of over 90,000 houses under PMAY (Urban)  

    "The Ministry of Housing and Urban Poverty Alleviation approved construction of 90,095 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs 5,590 crore and central ...

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Adopt tech and be agile, else become history: Mundra to banks

    Adopt tech and be agile, else become history: Mundra to banks  

    "The age of fintechs is here and for the incumbent banks there is no time to lose. Banks that do not quickly convert in to a new-age digital banks run the risk of becoming history," Mundra said here while addressing the NAMCABS Se...

    21 Feb 2017, 7.40 am  |  Source: PTI

  • GVA growth to decline by 70 bps to 6.2% in Q3: Icra

    GVA growth to decline by 70 bps to 6.2% in Q3: Icra  

    Thanks to the note ban, the economy based on the gross value added (GVA) is set to slip to 6.2 percent in the December quarter from 6.9 percent a year ago, and GDP growth will decline to 6.5 percent from 7.2 percent, said domestic...

    20 Feb 2017, 8.56 pm  |  Source: PTI

  • Nation`s problem with coal sector continues: Bridge to India

    Nation's problem with coal sector continues: Bridge to India  

    In January 2017, India’s coal imports declined by 22 percent to 14 million tonnes because of lukewarm demand from power generating stations.

    20 Feb 2017, 8.31 pm  |  Source: Moneycontrol.com

  • Indian consumers most confident globally in Q4 2016: Nielsen

    Indian consumers most confident globally in Q4 2016: Nielsen  

    Indians continue to be most confident globally when it came to job prospects, personal finances and immediate spending intentions in the fourth quarter of 2016, according to Nielsen.

    20 Feb 2017, 6.48 pm  |  Source: PTI

  • Cotton output for 2016-17 expected at 341 lakh bales

    Cotton output for 2016-17 expected at 341 lakh bales  

    The cotton output is estimated at 341 lakh bales for 2016-17, an industry association said in its January projection.

    20 Feb 2017, 6.36 pm  |  Source: PTI

  • PM nod mandatory for terminating services of sr staff in CPSEs

    PM nod mandatory for terminating services of sr staff in CPSEs  

    All departments will have to mandatorily take permission of the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi before terminating services of senior officials in Central Public Sector Enterprises (CPSEs).

    20 Feb 2017, 6.02 pm  |  Source: PTI

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