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Economy

  • Railway Budget to focus on attracting more investments: Prabhu

    Railway Budget to focus on attracting more investments: Prabhu  

    Pointing out that Railways had suffered since many decades due to 'neglect' and 'dearth of investments', he said efforts now were to bring in more investments to rectify this.

    12 Feb 2016, 10.22 pm  |  Source: PTI

  • Bill to regularise illegal houses in budget session: Goa CM

    Bill to regularise illegal houses in budget session: Goa CM  

    According to the Chief Minister, structures built on one's own property or on others' property with proper ownership no-objection certificate (NOC) would be considered.

    12 Feb 2016, 9.20 pm  |  Source: PTI

  • SC asks states to respond Centre on MGNREGA

    SC asks states to respond Centre on MGNREGA  

    It also asked them to elaborate the current status of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

    12 Feb 2016, 9.20 pm  |  Source: PTI

  • USTDA, AP Govt ink pact to develop Vizag as Smart City

    USTDA, AP Govt ink pact to develop Vizag as Smart City  

    The grant agreement was inked in the presence of Andhra Pradesh Chief Minister Chandrababu Naidu.

    12 Feb 2016, 9.16 pm  |  Source: PTI

  • No need for exaggerated panic, have faith in Indian economy:FM

    No need for exaggerated panic, have faith in Indian economy:FM  

    Talking to reporters at the Finance Ministry a day after the stock market benchmark Sensex saw a massive 807-point plunge and rupee hit its 29-month low, Jaitley said the government will continue to pursue policies to support grow...

    12 Feb 2016, 6.52 pm  |  Source: PTI

  • `Ecosystem of telecom manufacturing strengthening in India`

    'Ecosystem of telecom manufacturing strengthening in India'  

    Currently, Indian manufacturers account for only a small proportion of the telecom equipment market but that is changing, the Department of Telecom (DoT) Secretary J S Deepak said, adding that the ecosystem of telecom manufacturin...

    12 Feb 2016, 6.48 pm  |  Source: PTI

  • Govt can breach fiscal deficit target to fund infra: EY

    Govt can breach fiscal deficit target to fund infra: EY  

    The fiscal consolidation roadmap laid out by Jaitley had estimated fiscal deficit to come down to 3.9 percent in current fiscal and further to 3.5 percent next fiscal. It was 4 percent last fiscal.

    12 Feb 2016, 6.46 pm  |  Source: PTI

  • Govt proposes to spend Rs 8,800-cr on ESI beneficiaries

    Govt proposes to spend Rs 8,800-cr on ESI beneficiaries  

    "As per the budget estimates, we are going to spend Rs 7,618 crore in the next year on medical benefit and Rs 1,184 crore on cash benefit for the workers and the family members covered under the ESI scheme," Dattatreya, the Union ...

    12 Feb 2016, 6.18 pm  |  Source: PTI

  • Healthcare sector to see 15% revenue growth in FY17: Ind-Ra

    Healthcare sector to see 15% revenue growth in FY17: Ind-Ra  

    While expansion plans will continue to impact profit margins, the ability of companies to turn around and achieve break-even at the new facilities will be key to improve profitability, the rating agency said in a report here.

    12 Feb 2016, 6.14 pm  |  Source: PTI

  • Rs 1,400 cr in UP budget for drought-hit Bundelkhand

    Rs 1,400 cr in UP budget for drought-hit Bundelkhand  

    The fund size of special projects for Bundelkhand has been increased from Rs 71.50 crore to Rs 200 crore and a proposal worth Rs 200 crore has been earmarked for making special arrangements for potable water, the chief minister, w...

    12 Feb 2016, 6.08 pm  |  Source: PTI

  • December IIP reported at -1.3%, Jan CPI rises to 5.69%

    December IIP reported at -1.3%, Jan CPI rises to 5.69%   

    According to a CNBC-TV18 poll, IIP levels was expected around -1.26 percent against -3.2 percent Month-on-Month (MoM), while consensus was expecting the consumer price index (CPI) to come in at around 5.52 percent.

    12 Feb 2016, 5.31 pm  |  Source: CNBC-TV18

  • More steps in offing to empower banks to recover bad loans: FM

    More steps in offing to empower banks to recover bad loans: FM  

    As on September, the gross NPAs of PSBs have increased to Rs 3.01 lakh crore as against Rs 2.67 lakh crore in March.

    12 Feb 2016, 4.22 pm  |  Source: PTI

  • Prasad to launch Electronics Development Fund on Feb 15

    Prasad to launch Electronics Development Fund on Feb 15  

    The EDF will provide financial assistance to domestic companies in the field of electronics manufacturing and encourage innovation in the sector.

    12 Feb 2016, 4.22 pm  |  Source: PTI

  • UDF presents people-friendly Budget ahead of assembly poll

    UDF presents people-friendly Budget ahead of assembly poll  

    The budget, presented by Chief Minister Oommen Chandy, spared the common man of any additional tax burden, gave thrust to infrastructure development, boost to agricultural and social sectors, besides setting apart Rs 200 crore as ...

    12 Feb 2016, 4.22 pm  |  Source: PTI

  • Seeing excess capacity; can live with higher deficit: BofA-ML

    Seeing excess capacity; can live with higher deficit: BofA-ML   

    In an interview with CNBC-TV18, Kaku Nakhate discussed her expectations for the Union Budget said that the markets are going through a cycle where demand is there but it will take time for capacities to catch up.

    12 Feb 2016, 3.37 pm  |  Source: CNBC-TV18

  • Budget 2015: Reform Based Focus

    Budget 2015: Reform Based Focus  

    Fiscal deficit target for FY16 set at 3.9 per cent of GDP and Revenue Deficit at 2.8 per cent of GDP.

    12 Feb 2016, 3.13 pm  |  Source: Moneycontrol.com

  • Hopeful of passing bills on realty, GST bills in Budget: Naidu

    Hopeful of passing bills on realty, GST bills in Budget: Naidu  

    Naidu said passing the Real Estate Regulation and Development Bill is essential because in the absence of a watchdog, people can be fleeced by fly-by-night operators in the sector.

    12 Feb 2016, 3.04 pm  |  Source: PTI

  • Kerala Budget has been `leaked`, alleges opposition leader

    Kerala Budget has been 'leaked', alleges opposition leader  

    Speaking to reporters soon after walking out of the House when the Chief Minister began his budget presentation, Achuthanandan said the budget had been "leaked" even before it was tabled in the House.

    12 Feb 2016, 3.04 pm  |  Source: PTI

  • NPA problem exaggerated; market over-reacting: FM

    NPA problem exaggerated; market over-reacting: FM   

    The Reserve Bank of India (RBI), through various policies, have empowered banks to deal with the situation, Finance Minister Arun Jaitley says.

    12 Feb 2016, 2.24 pm  |  Source: CNBC-TV18

  • Mission incomplete: Rajan`s overhaul of RBI

    Mission incomplete: Rajan's overhaul of RBI  

    Raghuram Rajan's calls for out-of-the-box thinking were reiterated in a memo last month, seen by Reuters, which urged increased accountability and performance and was described by a half dozen mid-level officials as toughly worded...

    12 Feb 2016, 1.32 pm  |  Source: Reuters

  • Rs 4.6-lakh cr investment likely during Make in India week

    Rs 4.6-lakh cr investment likely during Make in India week  

    An official from the Chief Minister's Office claimed the government expects an investment of at least Rs 4.6 lakh crore as the state Industries department is doing "sincere hard work to bring in actual investments".

    12 Feb 2016, 12.42 pm  |  Source: PTI

  • DRIP has picked up substantial pace: Govt

    DRIP has picked up substantial pace: Govt  

    The Dam Rehabilitation and Improvement Project (DRIP), involving nine implementing agencies (IAs) across seven states -- Kerala, Madhya Pradesh, Orissa, Tamil Nadu, Karnataka, Uttarakhand, and Jharkhand -- targets rehabilitation o...

    12 Feb 2016, 12.36 pm  |  Source: PTI

  • Sensex crash: Congress says Modi steered economy into crisis

    Sensex crash: Congress says Modi steered economy into crisis  

    As Sensex crashed 807 points to drop below 23,000-mark, its lowest level in 21 months, Congress today accused Prime Minister Narendra Modi of steering the economy "into a crisis".

    12 Feb 2016, 8.10 am  |  Source: PTI

  • Permitting FDI in e-commerce retail to impact small biz: CAIT

    Permitting FDI in e-commerce retail to impact small biz: CAIT  

    The traders body also said that allowing FDI in e-retail would be "a big jolt" as the e-commerce players will source cheap products and will sell in India.

    12 Feb 2016, 8.10 am  |  Source: PTI

  • Banks to follow new accounting standard Ind AS from Apr 2018

    Banks to follow new accounting standard Ind AS from Apr 2018  

    "Banks shall comply with the Indian Accounting Standards (Ind AS) for financial statements for accounting periods beginning from April 1, 2018 onwards, with comparatives for the periods ending March 31, 2018 or thereafter," RBI sa...

    12 Feb 2016, 8.10 am  |  Source: PTI

  • RBI to inject adequate additional liquidity to support banks

    RBI to inject adequate additional liquidity to support banks  

    Based on a continuous assessment of the evolving liquidity scenario, the tenor and magnitude of additional liquidity will be announced a few days in advance of each tranche.

    12 Feb 2016, 7.54 am  |  Source: PTI

  • India, UAE sign 7 agreements to step up bilateral cooperation

    India, UAE sign 7 agreements to step up bilateral cooperation  

    Expanding economic engagement, particularly in oil and renewable energy sector and increasing UAE's investment in India, was a major focus area at the deliberations.

    12 Feb 2016, 7.54 am  |  Source: PTI

  • Startup with overseas unit can open frgn currency a/c abroad

    Startup with overseas unit can open frgn currency a/c abroad  

    "A start-up in India with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange earnings out of the exports/sales made by the concerned start-up," RBI said.

    12 Feb 2016, 7.52 am  |  Source: PTI

  • `Delay in clearances brought down new launches in realty`

    'Delay in clearances brought down new launches in realty'  

    According to the report, Bengaluru continued its run in the commercial as well as the residential market as end users drove residential demand in 2015, witnessing the launch of nearly 22,000 new residential units.

    12 Feb 2016, 7.52 am  |  Source: PTI

  • Plastic sector has potential to become biggest industry: Ahir

    Plastic sector has potential to become biggest industry: Ahir  

    "Plastic sector has the potential to become the number one industrial sector in the country," said Hansraj Ahir, the Minister of State, Ministry of Chemicals and Fertilisers.

    12 Feb 2016, 7.52 am  |  Source: PTI

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