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Economy

  • Govt to set up a platform for social security schemes: Sinha

    Govt to set up a platform for social security schemes: Sinha  

    "If our companies flourish, if innovation, competition flourish and you people flourish...we are going to generate resources and opportunities to be a pro-poor government," he said at the India Digital Summit

    10 Feb 2016, 9.26 pm  |  Source: PTI

  • To set up 2K waterports; 30 on Varanasi-Haldia stretch: Govt

    To set up 2K waterports; 30 on Varanasi-Haldia stretch: Govt  

    "We will set up 2,000 water ports... India has huge potential for water transport and has 14,500 km of waterways. Not only this we will develop our 1,300 islands as major tourist attraction," Gadkari said addressing a global summi...

    10 Feb 2016, 7.50 pm  |  Source: PTI

  • Cos must explore Africa for producing pulses, oilseed: Govt

    Cos must explore Africa for producing pulses, oilseed: Govt  

    India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually.

    10 Feb 2016, 7.34 pm  |  Source: PTI

  • Regulations for commission of insurance workers likely in Mar

    Regulations for commission of insurance workers likely in Mar  

    "A sub-committee has been formed which will decide on the quantum of cap on commission... though the cap on commission and other remunerations for insurance brokers cannot be removed," Insurance Regulatory and Development Authorit...

    10 Feb 2016, 7.31 pm  |  Source: PTI

  • India`s growth well below trend: Deutsche Bank

    India's growth well below trend: Deutsche Bank  

    According to the global financial services major, India's GDP and gross value added (GVA) grew by 7.3 percent and 7.1 percent, respectively in October-December 2015, reflecting a slowing growth momentum from the first half of this...

    10 Feb 2016, 7.21 pm  |  Source: PTI

  • FinMin seeks Twiteratti vote on focus of Budget

    FinMin seeks Twiteratti vote on focus of Budget  

    The ministry also wants to know public opinion as to which sectors -- agriculture or industry or service -- should get priority in the Budget, to be unveiled by Finance Minister Arun Jaitley on February 29.

    10 Feb 2016, 7.15 pm  |  Source: PTI

  • Grant 5-yr tax holiday to mfg units in SEZs: CII to Govt

    Grant 5-yr tax holiday to mfg units in SEZs: CII to Govt  

    "This will go a long way in motivating exporters to enhance and promote exports through their units in SEZs. In the backdrop of slowing demand in the international market and continuously declining India's exports, regaining inves...

    10 Feb 2016, 7.03 pm  |  Source: PTI

  • Govt may exempt import duty on used cooking oil: Gadkari

    Govt may exempt import duty on used cooking oil: Gadkari  

    "We will be withdrawing (import) duties on that oil. If that oil comes in the country then bio-diesel will be made from it," Road Transport, Highways and Shipping Minister Gadkari said while addressing Global Partnership Summit ...

    10 Feb 2016, 6.31 pm  |  Source: PTI

  • Govt to provide housing in less than Rs 5 lakh: Gadkari

    Govt to provide housing in less than Rs 5 lakh: Gadkari  

    If we make available houses at a cost below Rs 5 lakh, 30 percent people can buy that," Road Transport Highways and Shipping Minister Gadkari said at Assocham's 'Smart City' summit.

    10 Feb 2016, 6.29 pm  |  Source: PTI

  • Spurt in indirect tax mop up to help govt meet FY16 target

    Spurt in indirect tax mop up to help govt meet FY16 target  

    "We are likely to exceed the collection in indirect tax by about Rs 40,000 crore in the current year. On the whole, we are very optimistic about achieving annual tax revenue target for the year," Revenue Secretary Hasmukh Adhia sa...

    10 Feb 2016, 6.10 pm  |  Source: PTI

  • TCS bullish on BFSI segment growth in FY17

    TCS bullish on BFSI segment growth in FY17  

    The comments come days after Cognizant indicated a possible dip in revenues in 2016 due to difficulties it is facing in the BFSI and healthcare sectors.

    10 Feb 2016, 6.09 pm  |  Source: PTI

  • What YES Bank MD Rana Kapoor expects from the FM in Budget 2016

    What YES Bank MD Rana Kapoor expects from the FM in Budget 2016  

    Rana Kapoor, MD & CEO of YES Bank expects that in Budget 2016 the finance minister Arun Jaitley will increase disposable incomes by relaxing personal income tax slabs to Rs 5 lakh from Rs 2.5 lakh as a one-time correction and ther...

    10 Feb 2016, 4.51 pm  |  Source: Moneycontrol.com

  • Govt hikes import tariff value on gold & silver

    Govt hikes import tariff value on gold & silver  

    The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. It is normally revised on a fortnightly basis.

    10 Feb 2016, 4.12 pm  |  Source: PTI

  • Govt may exempt import duty on used cooking oil: Gadkari

    Govt may exempt import duty on used cooking oil: Gadkari  

    The minister also urged farmers from Uttar Pradesh, Bihar, Maharashtra, Tamil Nadu and Karnataka to switch to ethanol production from sugarcane to reap rich dividends as well as contribute towards minising pollution.

    10 Feb 2016, 4.00 pm  |  Source: PTI

  • Govt to provide housing in less than Rs 5 lakh: Gadkari

    Govt to provide housing in less than Rs 5 lakh: Gadkari  

    "Low cost housing is very important. The biggest impediment is that in our country there are only one percent people who can buy houses above Rs 10 lakh. If we make available houses at a cost below Rs 5 lakh, 30 percent people can...

    10 Feb 2016, 4.00 pm  |  Source: PTI

  • Cos must explore Africa for producing pulses, oilseed: Govt

    Cos must explore Africa for producing pulses, oilseed: Govt  

    India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually.

    10 Feb 2016, 4.00 pm  |  Source: PTI

  • Commerce Ministry hopes for SEZ tax benefits in Budget

    Commerce Ministry hopes for SEZ tax benefits in Budget  

    The Finance Minister will unveil the Budget for 2016-17 on February 29, which is widely expected to contain measures to boost economy as well as exports.

    10 Feb 2016, 3.08 pm  |  Source: PTI

  • RBI to cut repo rate by 25 bps in April: Nomura

    RBI to cut repo rate by 25 bps in April: Nomura  

    According to the Japanese brokerage firm, gross value added (GVA) growth has marginally undershot the RBI's 7.4 percent projection in the financial year 2015-16, supporting the case for a rate cut.

    10 Feb 2016, 2.58 pm  |  Source: PTI

  • Govt stresses on waste management to achieve smart cities

    Govt stresses on waste management to achieve smart cities  

    Addressing a Global Partnership Summit on Smart Cities here, the Ministers rued that cities "have been converted into slums" in the last seven decades and said it is more challenging to transform them into smart cities then buildi...

    10 Feb 2016, 2.55 pm  |  Source: PTI

  • Remove duty on coking coal, auction ore to rescue industry: ICC

    Remove duty on coking coal, auction ore to rescue industry: ICC  

    "A duty of 2.5 percent was imposed on coking coal in 2014. This has increased the cost of steel making in India that is impacting the competitiveness of manufacturing steel products in India," Indian Chamber of Commerce (ICC) has ...

    10 Feb 2016, 2.54 pm  |  Source: PTI

  • Jaitley must boost employment and consumption in Budget 2016-17

    Jaitley must boost employment and consumption in Budget 2016-17  

    Employment and consumption, especially to the sectors in a downtrend, are expected to get a boost. Retention of Section 24 at Rs 2 lakh, or even raising it to Rs 2.5 lakh is likely.

    10 Feb 2016, 2.17 pm  |  Source: IBNLive.com

  • FTA talks with India may conclude early this year: Australia

    FTA talks with India may conclude early this year: Australia  

    The talks for a comprehensive economic cooperation agreement (CECA) also known as FTA between India and Australia were started in 2011 to provide fillip to both trade and investments between the two countries.

    10 Feb 2016, 2.14 pm  |  Source: PTI

  • Kerosene rates to rise 17 paise a litre

    Kerosene rates to rise 17 paise a litre  

    Commission paid to wholesale dealers, who are given licence under Form XV, has been raised from Rs 536.09 per kilolitre (KL) to Rs 714.18 per kl, an increase of Rs 178.09 per kl or Rs 0.17 per litre.

    10 Feb 2016, 1.52 pm  |  Source: PTI

  • Government to meet FY16 tax revenue target: Hasmukh Adhia

    Government to meet FY16 tax revenue target: Hasmukh Adhia   

    After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.

    10 Feb 2016, 12.48 pm  |  Source: PTI

  • Global turmoil battering market, govt taking measures: FinMin

    Global turmoil battering market, govt taking measures: FinMin  

    Equities have remained depressed on persistent global headwinds. Market benchmark Sensex today witnessed selling pressures and declined by over 230 points to 23,787.

    10 Feb 2016, 11.20 am  |  Source: PTI

  • India`s milk production reaches 146.31 mn tonnes: Agri Minister

    India's milk production reaches 146.31 mn tonnes: Agri Minister  

    "For the first time there is a record enhancement of milk production at 6.3 percent whereas on international scenario there is only an increment of 2.2 percent," the Agriculture Minister said at an event here.

    10 Feb 2016, 9.36 am  |  Source: PTI

  • Domestic cotton prices to stay under pressure in FY17: Ind-Ra

    Domestic cotton prices to stay under pressure in FY17: Ind-Ra  

    says a report. India Ratings and Research (Ind-Ra) said it maintains a negative outlook on the cotton sector for the next fiscal.

    10 Feb 2016, 9.08 am  |  Source: PTI

  • Maharashtra govt approves electronics policy

    Maharashtra govt approves electronics policy  

    The state cabinet has decided to amend Information Technology Enabled Services Policy 2015 by incorporating some of the suggestions by the Indian Merchant Chamber of Commerce of Industry, Indian Broadcasting Foundation (IBF), VFS ...

    10 Feb 2016, 7.36 am  |  Source: PTI

  • Raj Cabinet approves bill to accelerate industrial investment

    Raj Cabinet approves bill to accelerate industrial investment  

    The Rajasthan Special Investment Region Bill, 2016 would be introduced in the Assembly during the Budget session, starting February 29.

    10 Feb 2016, 7.36 am  |  Source: PTI

  • Modi encouraging financial jugglery: Cong on GDP projections

    Modi encouraging financial jugglery: Cong on GDP projections  

    "With there being low production and capital utilisation in many sectors, we have to wonder the veracity of this (official economic) data. India was always known for having credible statistics prior to the arrival of Modi governme...

    10 Feb 2016, 7.36 am  |  Source: PTI

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