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Economy

  • Note ban to have political fallout besides hurting eco: Hanke

    Note ban to have political fallout besides hurting eco: Hanke  

    Noted American economist Steve H Hanke today said the demonetisation of high value Indian currency notes will have a 'political fallout' besides slow down in the economic growth.

    13 Jan 2017, 5.24 pm  |  Source: PTI

  • Govt imposes anti-dumping duty on select steel imports

    Govt imposes anti-dumping duty on select steel imports  

    Moneycontrol had on January 12 reported that the Steel Ministry may not recommend a further extension of minimum import price (MIP) on the metal beyond February as it does not see the relevance of the trade barrier now.

    13 Jan 2017, 4.17 pm  |  Source: Moneycontrol.com

  • Corporates look past India`s cash crisis, praise PM Modi reforms

    Corporates look past India's cash crisis, praise PM Modi reforms  

    Executives at the week-long, biennial Vibrant Gujarat Summit held in Modi's home state said the tide was turning on investments into India, although some complained the approval process remained prohibitively slow.

    13 Jan 2017, 4.16 pm  |  Source: Reuters

  • Demonetisation: Self-employed rush to get health cover. Find out why

    Demonetisation: Self-employed rush to get health cover. Find out why  

    Health insurance companies seem to have become unintended beneficiaries of the government's demonetisation move. Companies in the space are reporting an increase in demand especially from the self-employed segment.

    13 Jan 2017, 4.13 pm  |  Source: Moneycontrol.com

  • Niti Aayog to soon set up panel on poverty line

    Niti Aayog to soon set up panel on poverty line  

    It recommended setting up of an expert committee to arrive at an informed decision on the level at which the poverty line should be set because 'a consensus in favour of either the Tendulkar or a higher poverty line' did not emerg...

    13 Jan 2017, 4.10 pm  |  Source: PTI

  • RBI may cut repo rate by 25 basis points in Feb: HSBC report

    RBI may cut repo rate by 25 basis points in Feb: HSBC report  

    RBI has set an objective for achieving consumer price index (CPI) inflation at 5 percent by the third quarter of the financial year 2016-17 and the medium-term target of 4 percent within a band of +/- 2 percent.

    13 Jan 2017, 4.04 pm  |  Source: PTI

  • Govt nod for 4 developers willing to set up new SEZs

    Govt nod for 4 developers willing to set up new SEZs  

    The other three developers who got the green signal are Worldwide Oilfield Machine, Embassy Property Developments and Horizoneview properties.

    13 Jan 2017, 3.08 pm  |  Source: PTI

  • Post demonetisation, demand likely to be normal by Q2 2017:CII

    Post demonetisation, demand likely to be normal by Q2 2017:CII  

    Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption.

    13 Jan 2017, 3.04 pm  |  Source: PTI

  • India imposes anti-dumping duties on some steel products

    India imposes anti-dumping duties on some steel products  

    The government imposed the anti-dumping duty on products imported from China and European nations for a period not exceeding six months, the circular said.

    13 Jan 2017, 3.03 pm  |  Source: Reuters

  • Ken-Betwa river link project gets green panel`s nod

    Ken-Betwa river link project gets green panel's nod  

    Announcing this, Union Water Resources Minister Uma Bharti said her ministry was working with NITI Aayog to finalise funding pattern for the project.

    13 Jan 2017, 2.10 pm  |  Source: PTI

  • India`s 2016 Iran oil imports hit record high: Trade

    India's 2016 Iran oil imports hit record high: Trade  

    The sharp increase propelled Iran into fourth place among India's suppliers in 2016, up from seventh position in 2015. It used to be India's second-biggest supplier before sanctions.

    13 Jan 2017, 2.09 pm  |  Source: Reuters

  • Palm oil imports drop for second-staright month in Dec by 8.5%

    Palm oil imports drop for second-staright month in Dec by 8.5%  

    India, the world's leading vegetable oil buyer, had imported 7,90,368 tonnes palm oil in December 2015.

    13 Jan 2017, 2.08 pm  |  Source: PTI

  • IIP data false positive, sees cash ban effect in Dec: Crisil

    IIP data false positive, sees cash ban effect in Dec: Crisil  

    India’s factory output grew 5.7 percent in November compared to -1.9 percent in October despite expectation of households putting off purchases and companies deferring investment hit by an economy-wide cash-crunch.

    13 Jan 2017, 1.24 pm  |  Source: Moneycontrol.com

  • US firms want more clarity in India`s tax policies: Official

    US firms want more clarity in India's tax policies: Official  

    "US companies are optimistic about doing business in India. They see the reforms as a positive sign of India's willingness to make the needed improvements to its business climate," US Assistant Secretary of Commerce for Global Mar...

    13 Jan 2017, 12.56 pm  |  Source: PTI

  • `Best-ever` period for boosting Indo-Japan ties: Suresh Prabhu

    'Best-ever' period for boosting Indo-Japan ties: Suresh Prabhu  

    Prabhu asserted that the current time was the "best-ever period" for boosting bilateral ties between the two countries. Japan and India have already collaborated on the country's first bullet train project and on Buddhist heritage...

    13 Jan 2017, 11.27 am  |  Source: NEWS18.com

  • India considering minimum import price on aluminium: Official

    India considering minimum import price on aluminium: Official  

    Last month, a government body decided against imposing safeguards on some aluminium products citing lack of evidence over imports hurting profitability of domestic industry.

    13 Jan 2017, 11.09 am  |  Source: Reuters

  • Watch: Positive surprise by macro data

    Watch: Positive surprise by macro data   

    In an interview to CNBC-TV18, Sajjid Chinoy of JPMorgan and A Prasanna of I-Sec PD shared their readings and outlook on the two fundamental numbers of inflation and Index of Industrial Production (IIP).

    13 Jan 2017, 11.07 am  |  Source: CNBC-TV18

  • India set to be Asia`s standout economy: HSBC

    India set to be Asia's standout economy: HSBC  

    In a comprehensive report on Asia's outlook for the year, HSBC noted India could grow at an annual rate of 7.1 percent for fiscal 2018 and 7.6 percent for fiscal 2019, shrugging off any lasting effects from its program to remove 5...

    13 Jan 2017, 11.00 am  |  Source: CNBC

  • India, Kenya should increase trade ties: Pranab Mukherjee

    India, Kenya should increase trade ties: Pranab Mukherjee  

    Welcoming President of Kenya Uhuru Kenyatta to the Rashtrapati Bhavan, Mukherjee highlighted centuries-old relationship between Kenya and India.

    13 Jan 2017, 9.36 am  |  Source: PTI

  • Reducing import duty on gold to 5% on GJEPC Budget wish list

    Reducing import duty on gold to 5% on GJEPC Budget wish list  

    "Due to spurious gold entering the country through smuggling, our exports will be termed as non-complaint under Organisation for Economic Co-operation and Development (OECD) rules of sourcing conflict free gold," he added.

    13 Jan 2017, 9.36 am  |  Source: PTI

  • Serbia invites Indian investors, seeks improved economic ties

    Serbia invites Indian investors, seeks improved economic ties  

    Vucic is on a four-day visit to India at the invitation of Prime Minister Narendra Modi.

    13 Jan 2017, 8.46 am  |  Source: PTI

  • Exporters pinning hope of stimulus in Union Budget

    Exporters pinning hope of stimulus in Union Budget  

    Exporters are pinning their hopes high on the Union Budget for 2017-18 for decisive fiscal measures which would act as a stimulus to revive the economic sentiment that had seen a short-term impact of demonetisation, Bhasin said.

    13 Jan 2017, 8.46 am  |  Source: PTI

  • Budget 2017: `Cash tax` in works to discourage large withdrawals

    Budget 2017: 'Cash tax' in works to discourage large withdrawals  

    The step to encourage digital transactions could be a modification of the United Progressive Alliance government’s banking cash transaction tax, where tax will be imposed on cash withdrawals above a certain limit.

    13 Jan 2017, 8.03 am  |  Source: Moneycontrol.com

  • Assam to provide loan for setting up organic industries: CM

    Assam to provide loan for setting up organic industries: CM  

    Stating that the state has huge natural resources for promoting the growth of organic industry, the Chief Minister stressed on its balanced use for maintaining ecology.

    13 Jan 2017, 7.52 am  |  Source: PTI

  • Kerala can buy power at low rates if it faces shortage: Goyal

    Kerala can buy power at low rates if it faces shortage: Goyal  

    Union Power Minister Piyush Goyal today said Kerala can buy electricity at lower rates if it faces power shortage.

    12 Jan 2017, 9.52 pm  |  Source: PTI

  • RBI to auction bills worth Rs 1 lakh cr tomorrow

    RBI to auction bills worth Rs 1 lakh cr tomorrow  

    The RBI today said it will auction 35-days and 49-days Cash Management Bills worth Rs 1,00,000 crore on January 13 to mop up extra liquidity from the system post demonetisation.

    12 Jan 2017, 9.22 pm  |  Source: PTI

  • India`s contribution to world GDP to reach 17% this yr: PwC

    India's contribution to world GDP to reach 17% this yr: PwC  

    India grew fastest among major economies worldwide at over 7.5 percent in 2016 and will continue to drive global growth in 2017 with its share in the world GDP expected to rise to 17 percent, a study said today.

    12 Jan 2017, 8.26 pm  |  Source: PTI

  • Retail inflation falls to 3.41% in December as cash crunch bites

    Retail inflation falls to 3.41% in December as cash crunch bites  

    India’s retail inflation rate grew 3.41 percent in December from November’s 3.63 percent, confirming fears of weak demand as households, hit by a demonetisation-induced cash crunch, put off spending.

    12 Jan 2017, 5.48 pm  |  Source: Moneycontrol.com

  • Tech platform for SMEs to create 80 lakh jobs in UP: Assocham

    Tech platform for SMEs to create 80 lakh jobs in UP: Assocham  

    Underscoring the need for creating a technology platform for growth and development of small and medium enterprises (SMEs) and startups, an Assocham pre-election agenda said that such an exercise can create 80 lakh new jobs in Utt...

    12 Jan 2017, 4.02 pm  |  Source: PTI

  • FRBM Committee to meet Jan 13; report to be out before Budget

    FRBM Committee to meet Jan 13; report to be out before Budget   

    Sources say the report will be out before the Budget and will be shared directly with the government and not be made public.

    12 Jan 2017, 2.33 pm  |  Source: CNBC-TV18

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