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Budget 2017

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Economy

  • `GST will benefit Kerala with at least 20% tax revenue increase`

    'GST will benefit Kerala with at least 20% tax revenue increase'  

    "GST, which is a destination based tax, will increase the tax revenue of a consumer state like Kerala and also will make business more transparent. The new tax system would also end corruption to a great extent," he told reporters...

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Cabinet apprised of Indo-Japan MoU on cooperation in outer space

    Cabinet apprised of Indo-Japan MoU on cooperation in outer space  

    The MoU was signed by Indian Space Research Organisation (ISRO) and the Japanese Aerospace Exploration Agency (JAXA) during Prime Minister Narendra Modi's visit to Tokyo.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Govt okays India-UAE pact on maritime

    Govt okays India-UAE pact on maritime  

    The nod to the MoU between India and the United Arab Emirates on the Mutual Recognition of Certificates of Competency is as per the provisions of the Standards of Training, Certification and Watch keeping (STCW, 78) and amendments...

    19 Jan 2017, 9.04 am  |  Source: PTI

  • Deposited more than Rs 10 lakh since Nov 8; Taxman asks why

    Deposited more than Rs 10 lakh since Nov 8; Taxman asks why  

    The country’s apex tax authority, Central Board of Direct Taxes, has set up an e-platform to reach out to those who have crossed this threshold and find out the source of the money,

    19 Jan 2017, 8.59 am  |  Source: Moneycontrol.com

  • Railway Ministry plans Rs 1.3 lakh crore capex for FY18

    Railway Ministry plans Rs 1.3 lakh crore capex for FY18  

    In its highest-ever capital expense, the Railway Ministry is planning a capital expenditure of about Rs 1.3 lakh crore and is expecting a gross budgetary support of Rs 55,000 crore (GBS) for the fiscal year 2017-18.

    19 Jan 2017, 8.42 am  |  Source: Moneycontrol.com

  • RBI Governor faces tough questions on demonetisation

    RBI Governor faces tough questions on demonetisation   

    RBI Governor Urjit Patel today faced some tough questions from MPs as he could not set a time frame for return of normalcy in the banking system even as the central bank asserted that Rs 9.2 lakh crore or 60 percent of demonetised...

    19 Jan 2017, 7.32 am  |  Source: PTI

  • India `very friendly` place to invest amid uncertainties

    India 'very friendly' place to invest amid uncertainties  

    With the message of being a "very friendly" investment destination, India today sought to woo foreign investors at the WEF annual meet where leaders pored over the benefits of globalisation amid concerns over the impact of automat...

    18 Jan 2017, 10.14 pm  |  Source: PTI

  • FDI worth $1.77 bn in renewables from Apr-2014 to Sept-2016

    FDI worth $1.77 bn in renewables from Apr-2014 to Sept-2016  

    Government today said India received USD 1.77 billion foreign direct investment (FDI) in non-conventional energy sector from April 2014 to September 2016.

    18 Jan 2017, 9.58 pm  |  Source: PTI

  • CoalMin to move Cabinet soon for fuel linkages to power sector

    CoalMin to move Cabinet soon for fuel linkages to power sector  

    The coal ministry will soon seek the Cabinet's approval for the auction of coal linkages for the power sector.

    18 Jan 2017, 9.50 pm  |  Source: PTI

  • Budget 2017: E-payments, job creation to get a push, says Amitabh Kant

    Budget 2017: E-payments, job creation to get a push, says Amitabh Kant   

    The government will aim for an increase in consumption across the country and an uptick in the manufacturing activity, Niti Aayog chief Amitabh Kant says. For this government is going to announce many bold measures, he adds.

    18 Jan 2017, 9.40 pm  |  Source: CNBC-TV18

  • RBI has pumped in Rs 9.2 trillion of new notes

    RBI has pumped in Rs 9.2 trillion of new notes   

    The Reserve Bank of India has injected rupees 9.2 trillion ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary panel member quoted central bank go...

    18 Jan 2017, 9.22 pm  |  Source: Reuters

  • Diamond, gold, ornaments see $418 mn FDI in Apr 2014-Sept 2016

    Diamond, gold, ornaments see $418 mn FDI in Apr 2014-Sept 2016  

    India has attracted USD 418 million foreign direct investment (FDI) during April 2014 - September 2016 in diamond, gold and ornaments, the Commerce and Industry Ministry today said.

    18 Jan 2017, 9.04 pm  |  Source: PTI

  • Industry,analysts welcome listing plan of PSU general insurers

    Industry,analysts welcome listing plan of PSU general insurers  

    The general insurance industry and analysts today welcomed the government decision to take the five state-owned companies public, saying it will help unleash the value potential of the sector apart from forcing the private players...

    18 Jan 2017, 9.00 pm  |  Source: PTI

  • In first address, Patel asks staff to guard RBI reputation

    In first address, Patel asks staff to guard RBI reputation  

    In his first address to the staff after taking over as the 24th Governor on September 4, 2016, Patel, in an email, said the RBI has achieved the excellence only because of the collective efforts of its employees.

    18 Jan 2017, 8.48 pm  |  Source: PTI

  • Govt gets 45 proposals under UDAN;first flight likely in March

    Govt gets 45 proposals under UDAN;first flight likely in March  

    The scheme UDAN (Ude Desh Ke Aam Naagrik), which seeks to boost regional air connectivity, provides for various incentives to airlines with fares for one-hour flights capped at Rs 2,500.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • Business travel likely to triple to $93 bn by 2030: Report

    Business travel likely to triple to $93 bn by 2030: Report  

    With business travel rapidly evolving, India is poised to lead this growth and spending in this category is expected to treble to USD 93 billion by 2030 from the present levels.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • Manmohan Singh saves Patel from grilling

    Manmohan Singh saves Patel from grilling  

    Reserve Bank Governor Urjit Patel today escaped possible grilling by a parliamentary committee over the demonetisation issue but for the intervention of former Prime Minister Manmohan Singh.

    18 Jan 2017, 7.38 pm  |  Source: PTI

  • `India key market for global retailers despite policy hurdles`

    'India key market for global retailers despite policy hurdles'  

    Policy hurdles and other operational challenges notwithstanding, global retailers still consider India as one of their key markets as its growth has surpassed most other economies, said a report by Deloitte.

    18 Jan 2017, 7.10 pm  |  Source: PTI

  • Budget 2017: Shot in the arm for real estate sector?

    Budget 2017: Shot in the arm for real estate sector?  

    The recent demonetization and proposed amendment to Benami Properties Act seems to have added to the woes of the industry in the short term with a slack in housing and office space demands. However, there are hopes of these yieldi...

    18 Jan 2017, 6.37 pm  |  Source: Moneycontrol.com

  • Talks with govt on demonetisation began early last year: RBI

    Talks with govt on demonetisation began early last year: RBI  

    Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.

    18 Jan 2017, 5.20 pm  |  Source: PTI

  • Spicing up masala bonds to attract investors

    Spicing up masala bonds to attract investors  

    Masala bonds have offered much needed relief to India Inc. seeing foreign debt for their businesses. Being rupee-denominated, masala bonds offer India Inc. the unique advantage of not being subject to foreign exchange fluctuation ...

    18 Jan 2017, 4.41 pm  |  Source: Moneycontrol.com

  • See potential in India; growth to improve after small dip: NDB

    See potential in India; growth to improve after small dip: NDB   

    If bond yields drop by even a percent, it may lead to profits of more than Rs 150,000 crore for the banking system. This could help them transfer these profits by reducing lending rates and help the economy make a come back.

    18 Jan 2017, 4.00 pm  |  Source: CNBC-TV18

  • Cabinet clears proposal for listing 5 PSU general insurers

    Cabinet clears proposal for listing 5 PSU general insurers  

    The government today approved proposals for listing of five PSU general insurance companies as was announced in the Budget 2016-17.

    18 Jan 2017, 4.00 pm  |  Source: PTI

  • Here’s why govt plans to sell 25% stake in general insurance cos

    Here’s why govt plans to sell 25% stake in general insurance cos  

    Listing is expected to bring in transparency and enable companies to focus more on earnings; it will also reduce dependence on government support to bolster capital base

    18 Jan 2017, 3.51 pm  |  Source: Moneycontrol.com

  • Abolish export duty on low-grade iron ore: Industry

    Abolish export duty on low-grade iron ore: Industry  

    "Due to the slowdown in steel industry, domestic demand of iron ore is very subdued. At present, the iron ore from Odisha and Jharkhand can be exported only from Haldia, Paradip, Vizag and Dhamra ports," FIMI Secretary General R K...

    18 Jan 2017, 3.42 pm  |  Source: PTI

  • IMF`s projection: Cong accuses PM of derailing India`s growth

    IMF's projection: Cong accuses PM of derailing India's growth  

    "Prime Minister Narendra Modi, in his hubris has managed to do what our enemies have failed since 1947, which is derail India's economic growth story," the party said.

    18 Jan 2017, 3.40 pm  |  Source: PTI

  • India to cut stake in general insurers to 75%: Finance minister

    India to cut stake in general insurers to 75%: Finance minister  

    Jaitley had announced in last year's budget the government would list the general insurance companies to improve transparency and accountability.

    18 Jan 2017, 3.05 pm  |  Source: Reuters

  • India`s `dynamic economy` to grow at 7.7%: UN

    India's 'dynamic economy' to grow at 7.7%: UN  

    It said demonetisation undertaken in India will have a "significant impact" on consumer spending in the short term but the country's economy will return to the about 7.6-7.7 percent growth.

    18 Jan 2017, 2.46 pm  |  Source: PTI

  • South Asia key to revival of global demand: Nirmala Sitharaman

    South Asia key to revival of global demand: Nirmala Sitharaman  

    Speaking at a session here at WEF, leaders from India, Sri Lanka and Bangladesh said trade and common physical and social infrastructure are important to harness growth in South Asia.

    18 Jan 2017, 2.36 pm  |  Source: PTI

  • World needs reality check, says Nirmala on capitalism debate

    World needs reality check, says Nirmala on capitalism debate  

    The commerce and industry minister said the debate here at WEF has been about the fate of globalisation and whether capitalism needs to be demonised.

    18 Jan 2017, 2.14 pm  |  Source: PTI

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