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Economy

  • 13.39 crore rural households` income is less than Rs 5,000

    13.39 crore rural households' income is less than Rs 5,000  

    More than 13 crore rural households in the country have income of less than Rs 5,000 per month, Parliament was informed today.

    28 Jul 2016, 9.00 pm  |  Source: PTI

  • Govt asserts that prices of pulses will be brought down

    Govt asserts that prices of pulses will be brought down  

    Under attack from opposition on inflation, the government today asserted that prices of pulses would be brought down and asked states to share the responsibility, particularly by taking stringent action against hoarders.

    28 Jul 2016, 9.00 pm  |  Source: PTI

  • Finmin warns tax officials on resolution against revenue dept

    Finmin warns tax officials on resolution against revenue dept  

    In a strongly worded statement, the ministry said: "Finance Minister Arun Jaitley has taken a serious view of such a resolution by officers of organised Group 'A' service to advise the government on what role it should play.

    28 Jul 2016, 4.12 pm  |  Source: PTI

  • 35 hydro power projects awaiting concurrence by CEA: Govt

    35 hydro power projects awaiting concurrence by CEA: Govt  

    "Presently, 50 proposals for setting up of hydro electric projects have been received from various states in Central Electricity Authority (CEA) for concurrence/appraisal," Power Minister Piyush Goyal informed the Lok Sabha.

    28 Jul 2016, 4.02 pm  |  Source: PTI

  • NDMC to implement 7th Pay Commission despite financial crunch

    NDMC to implement 7th Pay Commission despite financial crunch  

    "After the notification of recommendations of the 7th Pay Commission by the Centre, it has been decided that NDMC would also implement the recommendations of the 7th Pay Commission for its employees as it is," NDMC Standing Commit...

    28 Jul 2016, 3.54 pm  |  Source: PTI

  • No final decision on scrapping SPVs for four UMPPs: Govt

    No final decision on scrapping SPVs for four UMPPs: Govt  

    Activities in the ultra mega power projects (UMPPs) -- Maharashtra, Odisha (second additional UMPP), Karnataka and Surguja in Chhattisgarh -- are stuck due to various reasons, including agitation by local people and non-identifica...

    28 Jul 2016, 3.38 pm  |  Source: PTI

  • Govt discussing every industry input on GST: CBEC official

    Govt discussing every industry input on GST: CBEC official  

    "The government can assure you that each and every representation received from the trade and industry is discussed and deliberated upon. It may or may not be part of the final GST law, but with a certain amount of certainty, I ca...

    28 Jul 2016, 3.30 pm  |  Source: PTI

  • India should continue fiscal consolidation for better prospect

    India should continue fiscal consolidation for better prospect  

    According to the IMF, India's external sector position in 2015-16 is broadly consistent with medium-term fundamentals and desirable policy settings.

    28 Jul 2016, 3.08 pm  |  Source: PTI

  • GST bill: Most parties on board, house may take it up next week

    GST bill: Most parties on board, house may take it up next week   

    Sources said the Bill will be brought in the Rajya Sabha early next week with the leaders of Trinamool Congress, Samajwadi Party and the Left parties meeting Finance Minister Arun Jaitley and expressing their approval.

    28 Jul 2016, 3.08 pm  |  Source: NEWS18.com

  • Trai seeks views on ombudsman for customer complaints

    Trai seeks views on ombudsman for customer complaints  

    The paper seeks public views on a range of issues, including creation of a legal framework (for establishment of office of telecom ombudsman), its structure, funding, the type of complaints that it should handle, its powers, funct...

    28 Jul 2016, 2.12 pm  |  Source: PTI

  • 403 road projects worth Rs 3.85 lakh crore pending: Gadkari

    403 road projects worth Rs 3.85 lakh crore pending: Gadkari  

    Responding to supplementaries, Road Transport and Highways Minister Nitin Gadkari said by the next Parliament session, finality will be achieved regarding these projects -- either they will be restarted or terminated.

    28 Jul 2016, 2.12 pm  |  Source: PTI

  • Centre asks states to offer power to industries at fixed rates

    Centre asks states to offer power to industries at fixed rates  

    Power Minister Piyush Goyal said in Lok Sabha that the country was producing sufficient power and hence efforts should be made by state governments to attract industries by offering uninterrupted power.

    28 Jul 2016, 2.12 pm  |  Source: PTI

  • India seeks pulses from Myanmar, Africa to ease shortage: Min

    India seeks pulses from Myanmar, Africa to ease shortage: Min  

    More purchases by India, the world's top consumer of pulses, could help the country rein in its headline inflation, which hit a near two-year high in June on double-digit annual increases in prices of sugar, vegetables and pulses.

    28 Jul 2016, 12.18 pm  |  Source: Reuters

  • Pay hikes, good monsoons augur well for industry: HUL boss Mehta

    Pay hikes, good monsoons augur well for industry: HUL boss Mehta   

    "India has been a great story for consumer goods in medium to long-term," he tells CNBC-TV18, adding there is a lot of headroom to grow for more nascent categories.

    28 Jul 2016, 11.39 am  |  Source: CNBC-TV18

  • 3 AP cities to have all LED lights ahead of `Pushkaralu` fest

    3 AP cities to have all LED lights ahead of 'Pushkaralu' fest  

    Energy Efficiency Services Limited (EESL), a unit of the Energy Department of Government of India, has invested Rs 360 crore to replace all street lights with LED bulbs in the three cities.

    28 Jul 2016, 10.42 am  |  Source: PTI

  • Andhra seeks Rs 7,269 cr central sales tax dues

    Andhra seeks Rs 7,269 cr central sales tax dues  

    State Finance Minister Yanamala Ramakrishnudu made this plea to Union Finance Minister Arun Jaitley at the Empowered Committee meeting of Finance Ministers in New Delhi, a press release from the state's Information and Public Rela...

    28 Jul 2016, 9.00 am  |  Source: PTI

  • Subbarao questions inflation-targeting, doubts its efficacy

    Subbarao questions inflation-targeting, doubts its efficacy  

    "Inflation has come down to such a low level now.. even gone below 5 percent, but now it is inching back. So achieving 4 percent inflation target by January 2018 is going to be quite challenging," Subbarao told PTI.

    28 Jul 2016, 9.00 am  |  Source: PTI

  • Unit 1 of Parbati-III power station restored: NHPC

    Unit 1 of Parbati-III power station restored: NHPC  

    "The Unit 1 of Parbati-III power station which was shut down since March 28, 2015 has been restored on July 26, 2016," NHPC said in a filing to BSE.

    28 Jul 2016, 8.56 am  |  Source: PTI

  • Good monsoon may push FY17 GDP growth beyond 8%: Crisil

    Good monsoon may push FY17 GDP growth beyond 8%: Crisil  

    However, stress in rainfall in certain parts of the country and excess downpour in some other regions may be a cause for worry, the credit rating agency said in a report.

    28 Jul 2016, 8.54 am  |  Source: PTI

  • Govt approves signing of India-Cambodia investment treaty

    Govt approves signing of India-Cambodia investment treaty  

    The decision was taken during the cabinet meeting chaired by Prime Minister Narendra Modi.

    28 Jul 2016, 8.24 am  |  Source: PTI

  • Cabinet defers decision on road safety bill

    Cabinet defers decision on road safety bill  

    The bill, which will amend the Motor Vehicles Act, also proposes stringent measures against automakers for faulty designs of vehicles.

    28 Jul 2016, 8.24 am  |  Source: PTI

  • Cabinet approves revised cost estimate for NATRIP project

    Cabinet approves revised cost estimate for NATRIP project  

    The Union Cabinet chaired by Prime Minister Narendra Modi has approved the revised cost estimate of Rs 3,727.30 crore for NATRIP, an official statement said.

    28 Jul 2016, 8.24 am  |  Source: PTI

  • Govt repeals UPA`s decision to set up Concurrent Evaluation

    Govt repeals UPA's decision to set up Concurrent Evaluation  

    In March 2013, then Cabinet had approved the proposal to set up CEO to critically assess the government programmes and find out whether they were reaching to the people or not.

    28 Jul 2016, 7.38 am  |  Source: PTI

  • Dialogue between govt, opposition must for GST: Experts

    Dialogue between govt, opposition must for GST: Experts   

    While seven demands of the opposition have been covered, three demands still remain untouched, K Pandiarajan, spokesperson of AIADMK said.

    27 Jul 2016, 10.33 pm  |  Source: CNBC-TV18

  • Govt approves abolition of norms for JV firms by Defence PSUs

    Govt approves abolition of norms for JV firms by Defence PSUs  

    Government today approved the abolition of existing guidelines for establishing joint venture companies by Defence PSUs to meet the goal of indigenous manufacturing.

    27 Jul 2016, 9.56 pm  |  Source: PTI

  • Cabinet okays FDI hike in exchanges to 15% for individual cos

    Cabinet okays FDI hike in exchanges to 15% for individual cos   

    This decision will encourage large global commodity exchanges who have earlier shied away from investing in India due to the low cap.

    27 Jul 2016, 9.26 pm  |  Source: CNBC-TV18

  • MFs add 12.61 lakh folios in June-qtr, move towards 5 cr mark

    MFs add 12.61 lakh folios in June-qtr, move towards 5 cr mark  

    In the April-June period, 11.42 lakh folios were added (the figure was 17.05 lakh in the preceding quarter), to take the count to a six-year high of 4.65 crore. In all, the total folio count stood at a record 4.89 crore.

    27 Jul 2016, 9.00 pm  |  Source: PTI

  • Cabinet approves GST Constitutional Amendment Bill

    Cabinet approves GST Constitutional Amendment Bill   

    The Bill will also mention that dispute resolution will be decided by the GST council. The government has also included five years compensation clause for state governments for any loss that they may incur.

    27 Jul 2016, 8.27 pm  |  Source: CNBC-TV18

  • La Nina woes: Monsoon floods may hurt agri output, says Crisil

    La Nina woes: Monsoon floods may hurt agri output, says Crisil  

    CRISIL's DRIP (Deficient Rainfall Impact Parameter) indicator is better for all crops compared with last year. The indicator is upbeat on almost all states, barring Gujarat, Odisha Assam, Himachal Pradesh and Kerala.

    27 Jul 2016, 4.57 pm  |  Source: Moneycontrol.com

  • Gujarat proposes to sell surplus power to Railways

    Gujarat proposes to sell surplus power to Railways  

    Patel said he held a meeting with Prabhu in New Delhi yesterday and discussed the prospect of Gujarat selling surplus power to the Indian Railways, which has been buying electricity from private firms beside state-run electricity ...

    27 Jul 2016, 4.04 pm  |  Source: PTI

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