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moneycontrol.com

Economy

  • Indian manufacturing growth at 13-month high in August

    Indian manufacturing growth at 13-month high in August  

    The data will cheer policymakers after an official report on Wednesday showed Indian annual economic growth slowed in the April-June quarter to 7.1 percent, short of expectations for 7.6 percent in a Reuters poll.

    01 Sep 2016, 10.50 am  |  Source: Reuters

  • Indian power plants have enough coal to overcome strike: Goyal

    Indian power plants have enough coal to overcome strike: Goyal  

    "The nation as a whole has sufficient supply of coal," minister Piyush Goyal said late on Tuesday at a conference in Mumbai, according to a government statement released on Thursday.

    01 Sep 2016, 10.24 am  |  Source: Reuters

  • FY17 GDP to be closer to GVA estimate of 7.6%: I-Sec PD

    FY17 GDP to be closer to GVA estimate of 7.6%: I-Sec PD   

    In an interview with CNBC-TV18, A Prasanna, Chief Economist at ICICI Securities Primary Dealership, said the house maintains its FY17 GVA estimate at 7.6 percent as the Q1 GVA number released yesterday was not very disappointing.

    01 Sep 2016, 10.17 am  |  Source: CNBC-TV18

  • US delegation meets Venkaiah Naidu over smart cities

    US delegation meets Venkaiah Naidu over smart cities  

    "The discussion was centred on the three smart cities - Visakhapatnam, Ajmer and Allahabad - for which MoUs has been signed between the respective state governments and USTDA," an official release said.

    01 Sep 2016, 9.52 am  |  Source: PTI

  • Why India is not the new China

    Why India is not the new China  

    The South Asian country logged 7.1 percent gross domestic product (GDP) growth in the first quarter of the current fiscal year, down from 7.9 percent in the preceding quarter, data released late on Wednesday showed.

    01 Sep 2016, 9.32 am  |  Source: CNBC

  • CBDT streamlines tax assessment for foreign shipping cos

    CBDT streamlines tax assessment for foreign shipping cos  

    The Central Board of Direct Taxes (CBDT) has issued a circular that deals with streamlining the process of issue of No Objection Certificate (NOC), Port Clearance Certificate (PCC), Voyage Return and Voyage Assessment in case of f...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Karnataka govt convenes special session to ratify GST Bill

    Karnataka govt convenes special session to ratify GST Bill  

    "One day special session of both the houses of the state legislature will be held on September 14 at 11 am in Bengaluru to table the Goods and Service Tax (GST) Bill," Law and Parliament Affairs Minister T B Jayachandra said in a ...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • `Govt has brought down price of pulses to Rs 100 from Rs 200`

    'Govt has brought down price of pulses to Rs 100 from Rs 200'  

    The party's national secretary Sidharth Nath Singh said the crackdown on hoarders and increase in minimum support prices of pulses besides other measures have resulted in the fall in prices of the staple food.

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Industry expects economy to grow at healthier pace

    Industry expects economy to grow at healthier pace  

    According to Assocham Secretary General D S Rawat, while a durable pick-up in investment activity remains elusive, consumption will continue to provide the main support to aggregate demand and Indian economy may grow at a healthie...

    01 Sep 2016, 7.52 am  |  Source: PTI

  • Growth will be stifled if banks stop infra lending: Rai

    Growth will be stifled if banks stop infra lending: Rai  

    Exhorting lenders to analyse the root cause of the bad loans problem, Banks Board Bureau Chairman Vinod Rai today said there is need for a "banking redux" where sectors like infrastructure restart getting credit, failing which "w...

    31 Aug 2016, 10.28 pm  |  Source: PTI

  • Petrol prices hiked by Rs 3.38 a litre, diesel up by Rs 2.67

    Petrol prices hiked by Rs 3.38 a litre, diesel up by Rs 2.67  

    Petrol price was today hiked by a steep Rs 3.38 per litre and diesel by Rs 2.67 a litre, reversing a two-month declining trend.

    31 Aug 2016, 9.30 pm  |  Source: PTI

  • GDP slowdown in Q1 due to higher subsidy outgo: Das

    GDP slowdown in Q1 due to higher subsidy outgo: Das   

    The Gross Domestic Product (GDP) growth data is calculated under the new methodology at market price, while GVA is calculated primarily at factor cost. GDP is GVA plus taxes on products minus subsidies on them.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • RBI Guv went with majority view on status quo in Aug meet

    RBI Guv went with majority view on status quo in Aug meet  

    Reserve Bank Governor Raghuram Rajan, in his last monetary policy review on August 9, sided with four of the five members of the Technical Advisory Committee that recommended to leave interest rates on hold, citing sticky inflatio...

    31 Aug 2016, 7.32 pm  |  Source: PTI

  • Easwar panel on income tax to submit second report in Oct

    Easwar panel on income tax to submit second report in Oct  

    Justice (Retd) R V Easwar, who heads a high-level committee on income tax laws, today said the panel is looking into aspects of accountability of tax officers.

    31 Aug 2016, 6.32 pm  |  Source: PTI

  • Govt spending helped bring liquidity into money markets: L&T Fin

    Govt spending helped bring liquidity into money markets: L&T Fin   

    Non-tax revenue is going to help reduce the overall extend of revenue deficit. She hopes most of it would go into capital expenditure.

    31 Aug 2016, 6.21 pm  |  Source: CNBC-TV18

  • GDP growth slows to 7.1% in Q1; mining, construction a drag

    GDP growth slows to 7.1% in Q1; mining, construction a drag   

    Gross domestic product (GDP) during the April-June FY17 slowed to 7.1 percent from 7.5 percent in the same quarter last year and 7.9 percent in the fourth quarter of FY16.

    31 Aug 2016, 6.14 pm  |  Source: CNBC-TV18

  • US engg firm AECOM bets big on India, eyes 30% growth clip

    US engg firm AECOM bets big on India, eyes 30% growth clip  

    Complimenting the Modi administration, AECOM Chairman Michael S Burke said, there has been a "remarkable" improvement in business environment.

    31 Aug 2016, 6.04 pm  |  Source: PTI

  • Eight infra industries grow at 3.2% in July

    Eight infra industries grow at 3.2% in July  

    The core sectors, which contribute 38 percent to the country's total industrial production, had expanded by 1.3 percent in July last year.

    31 Aug 2016, 6.04 pm  |  Source: PTI

  • July core sector growth down at 3.2% led by declines in steel

    July core sector growth down at 3.2% led by declines in steel   

    The eight core sectors of the economy registered 3.2 percent growth in July, down from 5.2 percent in June. Data released on Monday by the Commerce and Industry Ministry showed that in July, the growth in coal output and crude out...

    31 Aug 2016, 5.32 pm  |  Source: Moneycontrol.com

  • India`s Apr-Jul fiscal deficit at Rs 3.93 lakh cr

    India's Apr-Jul fiscal deficit at Rs 3.93 lakh cr  

    Fiscal deficit, which is the gap between expenditure and revenue for the entire current fiscal, has been pegged at Rs 5.33 lakh crore or 3.5 percent of GDP.

    31 Aug 2016, 5.12 pm  |  Source: PTI

  • India`s nascent smartphone market suffers growth hiccup

    India's nascent smartphone market suffers growth hiccup  

    Quarterly smartphones shipment data by the International Data Corporation suggests penetration is, at least temporarily, losing steam.

    31 Aug 2016, 4.37 pm  |  Source: Moneycontrol.com

  • Sheer size of NPAs making headlines: Vinod Rai

    Sheer size of NPAs making headlines: Vinod Rai  

    The former comptroller and auditor general (CAG), who is also working to address the bad loan menace, has said the country has become all too familiar with the nexus between "big business and politics" even as he believes that the...

    31 Aug 2016, 4.32 pm  |  Source: PTI

  • Will soon seek Cabinet nod on vehicle scrapping policy: Gadkari

    Will soon seek Cabinet nod on vehicle scrapping policy: Gadkari  

    Gadkari said the ministry is trying to bring the scrapping policy of commercial vehicles and it has been presented to all the stakeholders.

    31 Aug 2016, 4.08 pm  |  Source: PTI

  • Minimum wage hike for unskilled labourers `historic`: Jaitley

    Minimum wage hike for unskilled labourers 'historic': Jaitley  

    To appease trade unions, the government yesterday announced a 42 percent increase in the minimum wages for unskilled non-agricultural workers to Rs 350 per day from the current Rs 246.

    31 Aug 2016, 4.02 pm  |  Source: PTI

  • Steel Min in talks with other ministries to boost steel demand

    Steel Min in talks with other ministries to boost steel demand  

    The official also said per capita steel consumption in the country needs to be doubled in the shortest possible time and for this the industry also has to chip in.

    31 Aug 2016, 3.26 pm  |  Source: PTI

  • Cabinet okays Rs 500 cr development fund for Asian region

    Cabinet okays Rs 500 cr development fund for Asian region  

    "Cabinet approves creation of a Project Development Fund (PDF) to catalyse Indian economic presence in Cambodia, Laos, Myanmar and Vietnam," said an official release.

    31 Aug 2016, 3.04 pm  |  Source: PTI

  • MRN Cane Power gets green nod for sugar plant in Karnataka

    MRN Cane Power gets green nod for sugar plant in Karnataka  

    A newly incorporated company has proposed to establish an integrated sugar unit with a crushing capacity of 5,000 tonnes cane per day, 35 mw co-generation power plant and 65 kilo litre per day (KLPD) molasses-based distillery at K...

    31 Aug 2016, 3.00 pm  |  Source: PTI

  • Cabinet approves recent changes in FDI policy

    Cabinet approves recent changes in FDI policy  

    The changes introduced in the policy included increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment.

    31 Aug 2016, 3.00 pm  |  Source: PTI

  • Cabinet clears clutch of moves to revive construction sector

    Cabinet clears clutch of moves to revive construction sector   

    The Cabinet, chaired by Prime Minister Narendra Modi, allowed contractors to move to the new speedier arbitration process, approved release of 75 percent of the amount in dispute against bank guarantee and provided for a conciliat...

    31 Aug 2016, 2.08 pm  |  Source: PTI

  • Govt nod to dissolution of Central Inland Water Transport Corp

    Govt nod to dissolution of Central Inland Water Transport Corp  

    The Cabinet, chaired by Prime Minister Narendra Modi, has given its approval for dissolution of CIWTC. The Voluntary Retirement Scheme (VRS) for CIWTC was implemented in the year 2015, an official statement said.

    31 Aug 2016, 2.00 pm  |  Source: PTI

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