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Economy

  • Delhi govt has released Rs 745.98 cr of combined MCD budget

    Delhi govt has released Rs 745.98 cr of combined MCD budget  

    Government has released Rs 404.02 crore to NDMC, Rs 171.13 crore to SDMC and Rs 170.83 crore to EDMC, the official said.

    27 May 2016, 7.54 am  |  Source: PTI

  • Modi govt 2-yr report card: Late starter on the rural economy?

    Modi govt 2-yr report card: Late starter on the rural economy?  

    The Narendra Modi government has been accused by some of taking its eye off the accelerator when it comes to the rural economy.

    27 May 2016, 2.37 am  |  Source: Moneycontrol.com

  • RBI asks banks to upgrade ATMs to prevent cloning of cards

    RBI asks banks to upgrade ATMs to prevent cloning of cards  

    RBI asked banks on May 26 to upgrade all ATMs by September 2017 with additional safety measures to prevent skimming and cloning of debit and credit cards.

    26 May 2016, 9.00 pm  |  Source: PTI

  • Labour reforms not essential for industrial growth: FM

    Labour reforms not essential for industrial growth: FM  

    The statement assumes significance in view of the calls for extensive labour reforms to improve ease of doing business by doing away with the archaic laws.

    26 May 2016, 7.50 pm  |  Source: PTI

  • Reforms to push India`s growth to 8% by FY`19: Fitch

    Reforms to push India's growth to 8% by FY'19: Fitch  

    India's economic growth will accelerate to 8 percent by 2018-19 fiscal as gradual implementation of structural reforms will contribute to higher growth, Fitch said on May 26

    26 May 2016, 7.28 pm  |  Source: PTI

  • Expect Q4 GDP growth of 7.2 pc: Icra

    Expect Q4 GDP growth of 7.2 pc: Icra  

    The government will release the growth numbers for the fourth quarter and the full year next week.

    26 May 2016, 7.10 pm  |  Source: PTI

  • Rupee continues rising trend, gains 16 paise to 67.17

    Rupee continues rising trend, gains 16 paise to 67.17  

    The rupee strengthened for the second consecutive session against the dollar by rising 16 paise to 67.17 on sustained selling of the American currency amid a continued rally in domestic equities

    26 May 2016, 6.36 pm  |  Source: PTI

  • Have cleared policies pending for 8-10 years: Telecom Minister

    Have cleared policies pending for 8-10 years: Telecom Minister   

    Steps taken by the Telecom Ministry have revived foreign investor interest in the sector, and the government is on its way to achieve its dream of creating a Digital India, says Minister Ravi Shankar Prasad.

    26 May 2016, 4.51 pm  |  Source: CNBC-TV18

  • FDI in food processing may cross $1 bn in next 2 yrs: Badal

    FDI in food processing may cross $1 bn in next 2 yrs: Badal  

    Foreign direct investment in the food processing sector is expected to cross USD 1 billion in the next two years, helped by reforms in FDI space and streamlining of FSSAI regulations, Union Minister Harsimrat Kaur Badal has said

    26 May 2016, 4.46 pm  |  Source: PTI

  • India can achieve 50-MT maize output by 2025 to meet demand

    India can achieve 50-MT maize output by 2025 to meet demand  

    In spite of the drought last year, the maize production stood at 24.17 MT in 2014-15, Singh said adding this signifies the resilience of maize cultivation against climatic variability.

    26 May 2016, 4.12 pm  |  Source: PTI

  • The Brexit conundrum: To be or not to be

    The Brexit conundrum: To be or not to be  

    There's been a lot of talk around whether or not Britons will vote to stay in the European Union. Brexit, as it is called, will have repercussions on the UK, the EU as well as emerging markets like India. The referendum is set for...

    26 May 2016, 3.47 pm  |  Source: Moneycontrol.com

  • Gujarat govt rolls back 5$ VAT on industrial salt

    Gujarat govt rolls back 5$ VAT on industrial salt  

    "Keeping the interest of salt producers in mind, the government has decided to completely roll back 5 percent VAT that was imposed on industrial salt during this year's budget," an official release said.

    26 May 2016, 2.46 pm  |  Source: PTI

  • Reforms, policy decisions on track, but no smooth-sailing: DBS

    Reforms, policy decisions on track, but no smooth-sailing: DBS  

    The BJP-led NDA government assumed office on May 26, 2014, with a thumping majority, but some key Bills, including the GST, have been stuck in the Rajya Sabha due to opposition from parties, mainly the Congress.

    26 May 2016, 2.24 pm  |  Source: PTI

  • Modi govt established new benchmarks for development: Amit Shah

    Modi govt established new benchmarks for development: Amit Shah  

    Top government ministers led by Shah had yesterday highlighted them, saying they included empowerment of the poor, infrastructure growth and youth-led development.

    26 May 2016, 2.14 pm  |  Source: PTI

  • IREDA to consider raising funds via non-convertible bonds

    IREDA to consider raising funds via non-convertible bonds  

    "The next Board Meeting...to consider a proposal for raising funds through issue of non-convertible bonds in the nature of debenture," Indian Renewable Energy Development Agency (IREDA) said in a filing to BSE.

    26 May 2016, 2.10 pm  |  Source: PTI

  • Maharashtra`s development got boost in last 2 years: Fadnavis

    Maharashtra's development got boost in last 2 years: Fadnavis  

    "Maharashtra's journey of development had come to a standstill since decades but could cross many milestones with great speed in less than 2 years," Fadnavis said.

    26 May 2016, 2.04 pm  |  Source: PTI

  • Bankruptcy law credit positive for banks: Moody`s

    Bankruptcy law credit positive for banks: Moody's  

    Moody's said the new law entails greater efforts by corporate borrowers to avoid default and thereby a possible insolvency resolution process, as such a procedure would cause management to lose control over the company immediately...

    26 May 2016, 2.04 pm  |  Source: PTI

  • US lawmakers push for building strong defence ties with India

    US lawmakers push for building strong defence ties with India  

    The Senators during a Congressional hearing endorsed a move by the Obama Administration to help modernise Indian military including the ambitious defence technology and trade initiative.

    26 May 2016, 1.52 pm  |  Source: PTI

  • Konkan Railway completes safety works for monsoon

    Konkan Railway completes safety works for monsoon  

    The 741-km long route of Konkan Railway connects Maharashtra, Goa and Karnataka, as it passes through mountainous terrain and crosses rivers, necessitating need for careful attention to train operations.

    26 May 2016, 1.52 pm  |  Source: PTI

  • NDA has failed in key areas like economy: K H Muniyappa

    NDA has failed in key areas like economy: K H Muniyappa  

    The former union minister Muniyappa said the "only achievement" of the Union government was that of changing the names of UPA era schemes.

    26 May 2016, 1.52 pm  |  Source: PTI

  • Govt fixes transfer fee for non-auctioned captive mines: Sources

    Govt fixes transfer fee for non-auctioned captive mines: Sources   

    Transfer charges have been fixed at 80 percent of royalty for all minerals, learns CNBC-TV18.

    26 May 2016, 1.13 pm  |  Source: CNBC-TV18

  • India`s installed solar capacity reached 6,000 MW in 6 years

    India's installed solar capacity reached 6,000 MW in 6 years  

    Kolkata-headquartered Vikram Solar believes the government's ambitious International Solar Alliance (ISA) reflects India's strong commitment towards the sector.

    26 May 2016, 1.08 pm  |  Source: PTI

  • You can`t suddenly get rid of the public sector: Modi

    You can't suddenly get rid of the public sector: Modi   

    In an interview with Wall Street Journal, Modi said his government has undertaken the maximum number of reforms since his party came to power but an enormous task lies ahead.

    26 May 2016, 12.56 pm  |  Source: CNBC-TV18

  • PM Modi hopeful about passage of GST bill this year

    PM Modi hopeful about passage of GST bill this year  

    Modi also hit out at critics who accuse him of failing to pursue "big bang" measures to revamp the Indian economy, saying his government has undertaken maximum reforms since coming to power in May 2014.

    26 May 2016, 12.16 pm  |  Source: PTI

  • China slowdown poses threat to world economy: Raghuram Rajan

    China slowdown poses threat to world economy: Raghuram Rajan  

    Raghuram Rajan's comments were made in India's financial capital in a speech on Thursday to central bank governors from the nations of the South Asian Association for Regional Cooperation (SAARC) grouping, the RBI said in a statem...

    26 May 2016, 11.46 am  |  Source: Reuters

  • Domestic black money window will ensure peace of mind: IT Dept

    Domestic black money window will ensure peace of mind: IT Dept  

    The public information piece also talks about the salient features of the four-month IDS made known earlier, like declarants will enjoy immunity from scrutiny or inquiry under the Wealth Tax Act (now scrapped), IT Act and Benami T...

    26 May 2016, 11.08 am  |  Source: PTI

  • India could lose $49 bn in GDP by food price shock: UN

    India could lose $49 bn in GDP by food price shock: UN  

    The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if g...

    26 May 2016, 9.52 am  |  Source: PTI

  • Good rains to damp agflation, support Aug 9 RBI rate cut: BofA

    Good rains to damp agflation, support Aug 9 RBI rate cut: BofA  

    According to global financial services major, Bank of America Merrill Lynch (BofA-ML), if rains arrive on time, it would result in a pickup in rural demand, and in turn a consumption driven economy.

    26 May 2016, 9.12 am  |  Source: PTI

  • No downside for food price inflation even if it rains: Nomura

    No downside for food price inflation even if it rains: Nomura  

    "Rather than monsoon rainfall, we find that minimum support prices, nominal rural wages, non-labour agriculture input costs, and global food price trends are important drivers," Nomura said in a research note.

    26 May 2016, 9.08 am  |  Source: PTI

  • GST legislation likely to be passed in next session: Official

    GST legislation likely to be passed in next session: Official  

    "The government of the day is making all out efforts and trying its best to create consensus for the smooth passage of GST and the upper house of Parliament would be able to pass the legislation in the forthcoming session of Parli...

    26 May 2016, 9.02 am  |  Source: PTI

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