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moneycontrol.com

Economy

  • CAD may slip below 1% this fiscal: Subramanian

    CAD may slip below 1% this fiscal: Subramanian  

    Current Account Deficit may dip below 1 percent in FY17 owing to low global crude prices, while the Brexit is likely to impact India as the global economy will slow down after Britain's decision to leave the EU, Chief Economic Adv...

    29 Jun 2016, 5.26 pm  |  Source: PTI

  • India`s insurance premium jumps 7.9% in 2015: Study

    India's insurance premium jumps 7.9% in 2015: Study  

    Insurance premium collection in India grew by 7.9 percent in 2015 as demand for both life and non-life products was strong, a global study said on June 29

    29 Jun 2016, 5.26 pm  |  Source: PTI

  • GST Bill is a do-or-die situation for NDA: Anil Padmanabhan

    GST Bill is a do-or-die situation for NDA: Anil Padmanabhan   

    If the government doesn't push the GST Bill in this monsoon session, it won't happen during the remaining regime of the Modi government, says Anil Padmanabhan, the deputy Managing Editor of Mint.

    29 Jun 2016, 2.35 pm  |  Source: CNBC-TV18

  • Sugarcane arrears plunge in India as sweetener prices rally

    Sugarcane arrears plunge in India as sweetener prices rally  

    Mills have so far paid 92 percent of their cane dues to farmers in the 2015/16 marketing year ending on Sept. 30, it said in a statement.

    29 Jun 2016, 2.31 pm  |  Source: Reuters

  • UDAY may not destabilise fiscal consolidation: Ind-Ra

    UDAY may not destabilise fiscal consolidation: Ind-Ra  

    Ind-Ra's estimate shows that the aggregate fiscal deficit of states at 3.2 percent of GDP in 2016-17 is expected to be marginally better than the 3.4 percent in FY16 (revised estimates, RE), the credit rating agency said in a rele...

    29 Jun 2016, 2.20 pm  |  Source: PTI

  • Govt pay hike: Demand to push growth; modest risk to inflation

    Govt pay hike: Demand to push growth; modest risk to inflation  

    The Cabinet, headed by Prime Minister Narendra Modi, today cleared the recommendations of the 7th Pay Commission according to which the overall hike in salary and allowance of central government employees and pensioners comes to 2...

    29 Jun 2016, 2.20 pm  |  Source: PTI

  • Govt hopes to pass GST bill in upcoming  Parliament session: Min

    Govt hopes to pass GST bill in upcoming Parliament session: Min   

    Investors have billed the proposed GST as a "silver bullet" for India's economy that would replace multiple federal and state levies - a chaotic structure that inflates costs for businesses.

    29 Jun 2016, 1.05 pm  |  Source: Reuters

  • Salary increments will likely boost bank deposits: SBI

    Salary increments will likely boost bank deposits: SBI   

    Inflation, on the other hand, might rise in the near-term, but there are no worries over the long-term, says Soumya Kanti Ghosh, Chief Economic Advisor at SBI.

    29 Jun 2016, 1.01 pm  |  Source: CNBC-TV18

  • Cabinet clears recommendations of 7th Pay Commission

    Cabinet clears recommendations of 7th Pay Commission  

    The pay panel, in November last year, had recommended a 14.27 percent hike in basic pay at junior levels -- the lowest in 70 years. The previous 6th Pay Commission had recommended a 20 percent hike, which the government doubled wh...

    29 Jun 2016, 12.54 pm  |  Source: PTI

  • India offers to buy tur dal from Mozambique at MSP plus cost

    India offers to buy tur dal from Mozambique at MSP plus cost  

    Pulse prices in domestic markets are retailing as high as Rs 198 per kg due to shortfall in the local output in the wake of two consecutive droughts.

    29 Jun 2016, 12.14 pm  |  Source: PTI

  • Cabinet clears new mining policy, paves way for auctions

    Cabinet clears new mining policy, paves way for auctions   

    The policy boosts mineral exploration by private companies, unlike earlier, by allowing them to bid for mineral blocks, reports Anshu Sharma of CNBC-TV18.

    29 Jun 2016, 12.11 pm  |  Source: Moneycontrol.com

  • 7th Pay Commission cleared: A look at the facts & numbers

    7th Pay Commission cleared: A look at the facts & numbers  

    The Union Cabinet on Wednesday cleared the 7th Pay Commission recommendations. The report had suggested a 15 percent hike in base salaries of government employees. The report was finalized by the Empowered Committee of Secretaries...

    29 Jun 2016, 12.02 pm  |  Source: Moneycontrol.com

  • Cabinet likely to take up mineral exploration policy today

    Cabinet likely to take up mineral exploration policy today   

    If implemented, the policy will boost india's mining potential, reports CNBC-TV18's Anshu Sharma.

    29 Jun 2016, 10.54 am  |  Source: Moneycontrol.com

  • Govt to announce hybrid instruments for FDI next month

    Govt to announce hybrid instruments for FDI next month  

    Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.

    29 Jun 2016, 9.42 am  |  Source: PTI

  • Banks` gross NPAs may worsen to 9.3% by March: FSR

    Banks' gross NPAs may worsen to 9.3% by March: FSR  

    "Gross NPAs of banks' sharply increased to 7.6 percent of gross advances from 5.1 percent between September 2015 and March 2016 after asset quality review," according to the Financial Stability Report (FSR) released by RBI.

    29 Jun 2016, 9.38 am  |  Source: PTI

  • SmartCity Kochi to be fully operational by 2021:Pinarayi Vijayan

    SmartCity Kochi to be fully operational by 2021:Pinarayi Vijayan  

    The project is being developed by Smart City (Kochi) Infrastructure Pvt Ltd, a joint venture formed to develop the project. Kerala government and TECOM Investments, a subsidiary of Dubai Holding, are the main investors in the comp...

    29 Jun 2016, 9.36 am  |  Source: PTI

  • Raghuram Rajan went with majority view on policy rate on June 7

    Raghuram Rajan went with majority view on policy rate on June 7  

    As per the summary of electronic consultation with the Technical Advisory Committee (TAC) released by RBI, three of the five external members recommended no change in policy rates.

    29 Jun 2016, 9.36 am  |  Source: PTI

  • India`s garment exports may hit $20 bn in FY17

    India's garment exports may hit $20 bn in FY17  

    The Union Cabinet last week approved a Rs 6,000 crore package for textiles and apparel sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion with an eye on USD 30 billion in expor...

    29 Jun 2016, 8.52 am  |  Source: PTI

  • Coal imports decline by 5% in April-May

    Coal imports decline by 5% in April-May  

    The imports in April-May of the last fiscal were 37.72 million tonnes (MT), Coal Secretary Anil Swarup said in a tweet.

    29 Jun 2016, 8.50 am  |  Source: PTI

  • N S Vishwanathan appointed RBI Deputy Governor

    N S Vishwanathan appointed RBI Deputy Governor  

    Vishwanathan, currently Executive Director at the central bank, was chosen by a search committee headed by Cabinet Secretary. This is the first appointment done through this high-level panel.

    29 Jun 2016, 7.58 am  |  Source: PTI

  • Odisha reduces VAT on pulses to 1%

    Odisha reduces VAT on pulses to 1%  

    "The objective behind the reduction of VAT on pulses of all kinds is to control the prices in the market and also to avoid strikes by traders," Chief Secretary A P Padhi told reporters.

    29 Jun 2016, 7.56 am  |  Source: PTI

  • Declare undisclosed income by September 30: IT Dept in Pune

    Declare undisclosed income by September 30: IT Dept in Pune  

    "The Prime Minister has already appealed in his radio program 'Maan ki Baat' on Sunday...I too would like to appeal the people to declare their undisclosed income and assets before September 30," Commissioner of Income Tax D S Ben...

    29 Jun 2016, 6.48 am  |  Source: PTI

  • No threat of systemic risk from housing sector: RBI Report

    No threat of systemic risk from housing sector: RBI Report  

    Rise in home prices "moderating significantly" in 2015-16 and there is no threat of any systemic risk from the housing sector with the gross NPAs among retail loans being contained, the RBI said on June 28

    28 Jun 2016, 10.08 pm  |  Source: PTI

  • Majority of RBI committee suggested no rate cuts at June review

    Majority of RBI committee suggested no rate cuts at June review  

    The three members said the RBI should wait for inflation to ease further, monitor the progress of monsoon rains and get further clarity on the U.S. Federal Reserve's actions -- arguments Rajan also put forward in deciding to leave...

    28 Jun 2016, 9.57 pm  |  Source: Reuters

  • Better monsoon to reduce price pressure in pulses: Study

    Better monsoon to reduce price pressure in pulses: Study  

    With pulses inflation high at 34 percent, a better monsoon would reduce price pressure in lentils and in turn food inflation, a latest report has said

    28 Jun 2016, 7.44 pm  |  Source: PTI

  • Announce successor of Rajan sooner than later: Assocham

    Announce successor of Rajan sooner than later: Assocham  

    The government should announce the successor of RBI Governor Raghuram Rajan sooner than later, considering the increased global risks after Brexit, an industry body said today.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Kerala backs out of GST commitment, says Mitra

    Kerala backs out of GST commitment, says Mitra  

    Kerala has backed out of its commitment to support the Goods and Services Tax (GST) bill, Chairman of the Empowered Committee of State Finance Ministers Amit Mitra said today.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Indian economy stands out amongst emerging markets: FSR

    Indian economy stands out amongst emerging markets: FSR  

    Despite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable, a report released by Reserve Bank said on June 28

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • India`s growth may dip by 60 bps on Brexit: Morgan Stanley

    India's growth may dip by 60 bps on Brexit: Morgan Stanley  

    Brexit is likely to have an adverse impact on India's growth with domestic GDP expected to decline by up to 60 basis points in a high-stress scenario within the next two years, Morgan Stanley said in a report released on June 28

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Govt procures 1.19 lakh tonnes of pulses to cool prices

    Govt procures 1.19 lakh tonnes of pulses to cool prices  

    The government has procured 1.19 lakh tonnes of pulses so far from farmers for creating buffer stock and also contracted to import 46,000 tonnes as part of its effort to cool prices ruling as high as Rs 198 a kg

    28 Jun 2016, 6.08 pm  |  Source: PTI

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