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Economy

  • Govt addressing cleanliness, security to boost tourism: Minister

    Govt addressing cleanliness, security to boost tourism: Minister  

    Speaking at the plenary session on 'Why Invest in Incredible India?' at the Incredible India Tourism Investors' Summit here, the Minister also noted that this is the right time to invest in the tourism sector of the country.

    23 Sep 2016, 8.10 am  |  Source: PTI

  • Problem with GST council- centre and states not equal: Kerala FM

    Problem with GST council- centre and states not equal: Kerala FM   

    In this week's edition on Indianomics, Finance Minister of Kerala, Thomas Isaac told CNBC-TV18 that states and centre are not equal, which is the problem with the GST council.

    22 Sep 2016, 9.02 pm  |  Source: CNBC-TV18

  • Hiring activity sees 10% rise in Aug: Report

    Hiring activity sees 10% rise in Aug: Report  

    Hiring activity in the country jumped 10 per cent in August primarily driven by growth in technology and financial industries, says a report.

    22 Sep 2016, 6.32 pm  |  Source: PTI

  • BHEL commissions 15,059 mw capacity in FY16

    BHEL commissions 15,059 mw capacity in FY16  

    State-owned electrical equipment maker BHEL today said it commissioned a record 15,059 mw of power generating capacity in 2015-16 which otherwise was an "extremely challenging" year.

    22 Sep 2016, 6.32 pm  |  Source: PTI

  • Good monsoon should boost growth this year: Ravindra Dholakia

    Good monsoon should boost growth this year: Ravindra Dholakia   

    In an interview with CNBC-TV18, Ravindra Dholakia said that it is too premature to comment on issues without formal communication but on the growth front he added that good monsoon this year should boost growth going forward.

    22 Sep 2016, 4.45 pm  |  Source: CNBC-TV18

  • `Merger of Budgets a step towards privatisation of Railways`

    'Merger of Budgets a step towards privatisation of Railways'  

    "The abolition of a separate railway budget is not what it is purported to be. It is a measure towards commercialisation and privatisation of the Indian Railways," CPI(M) Politburo said in a statement.

    22 Sep 2016, 4.20 pm  |  Source: PTI

  • NHAI awards Rs 249 cr project in Haryana to Gawar Construction

    NHAI awards Rs 249 cr project in Haryana to Gawar Construction  

    "NHAI has issued Letter of Award (LOA) to Gawar Construction for four-laning of Panchkula-Yamunanagar Section," the authority said in a statement.

    22 Sep 2016, 4.00 pm  |  Source: PTI

  • Kharif foodgrain output seen at record 135 MT, pulses up 57%

    Kharif foodgrain output seen at record 135 MT, pulses up 57%  

    Foodgrain production stood at 124.01 million tonnes (MT) in the kharif season of 2015-16 crop year (July-June).

    22 Sep 2016, 3.26 pm  |  Source: PTI

  • Cheap crude a double-edged sword for India`s current account

    Cheap crude a double-edged sword for India's current account   

    Persistently, low oil prices have affected overseas workers’ income. About half of India’s USD 70 billion-odd NRI remittances originate from the Gulf countries, the region worst affected by record-low crude oil prices and subd...

    22 Sep 2016, 3.04 pm  |  Source: Moneycontrol.com

  • Govt targets doubling food processing levels to 20%

    Govt targets doubling food processing levels to 20%  

    "Once five years of this government are up, the food processing levels which are at 10 percent should at least have reached 20 percent," Badal told reporters at the sidelines of a conference here.

    22 Sep 2016, 2.58 pm  |  Source: PTI

  • FinMin raises serious concerns over Moody`s methodology

    FinMin raises serious concerns over Moody's methodology   

    Calling the reform process slow and gradual with muted private investment and bad loans posing a challenge, Moody's said on Tuesday it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".

    22 Sep 2016, 2.22 pm  |  Source: PTI

  • Will meet April 1 target for GST rollout: Arjun Ram Meghwal

    Will meet April 1 target for GST rollout: Arjun Ram Meghwal  

    From April 1, GST will be applicable in the country... GST is a major tool for improving ease of doing business in India," Meghwal said at an event organised by Assocham.

    22 Sep 2016, 2.16 pm  |  Source: PTI

  • Monsoon to keep India`s diesel exports near 3-year highs

    Monsoon to keep India's diesel exports near 3-year highs  

    Reflecting this trend, state-owned Indian Oil Corp exported diesel for the first time in more than five years and the ramp-up of a new refinery could also temporarily keep exports high after the monsoon draws to a close this month...

    22 Sep 2016, 2.05 pm  |  Source: Reuters

  • Govt allots Rs 204 crore for `Thaaliku Thangam` scheme

    Govt allots Rs 204 crore for 'Thaaliku Thangam' scheme  

    Rs 204 crore has been allotted for 'Thaaliku Thangam' (Gold for Mangalsutra) scheme for the year 2016-17 to benefit 12,500 women, the government said today.

    22 Sep 2016, 1.50 pm  |  Source: PTI

  • Need clarity on GST rate, new emission norms: Daimler

    Need clarity on GST rate, new emission norms: Daimler  

    "India started out with a good year. First quarter was excellent, 25 percent up (for the company in terms of sales), year-over-year," Member of the Board of Management Daimler AG, responsible for Daimler Trucks and Buses, Wolfgang...

    22 Sep 2016, 1.50 pm  |  Source: PTI

  • Madhusudan Sahoo to head Insolvency and Bankruptcy Board

    Madhusudan Sahoo to head Insolvency and Bankruptcy Board  

    The Appointments Committee of Cabinet has approved his appointment to the post for five years, an order issued by Department of Personnel and Training said.

    22 Sep 2016, 1.34 pm  |  Source: PTI

  • ITGA seeks tobacco growers participation in COP7 meet in Nov

    ITGA seeks tobacco growers participation in COP7 meet in Nov  

    COP7 is a global anti-tobacco conference, being held in the national capital on November 7-12, that will review the implementation of the World Health Organistaion (WHO) Framework Convention on Tobacco Control (WHO FCTC) and the p...

    22 Sep 2016, 1.34 pm  |  Source: PTI

  • Govt may raise Rs 820 cr from gold bonds, 6th tranche in Oct

    Govt may raise Rs 820 cr from gold bonds, 6th tranche in Oct   

    "The amount realised through the 5th tranche of SGB scheme is expected to cross Rs 820 crore. This was mobilised through over 2 lakh applications representing around 2.37 tonnes of gold.

    22 Sep 2016, 1.34 pm  |  Source: PTI

  • NIIF to start funding activities in few days: Arun Jaitley

    NIIF to start funding activities in few days: Arun Jaitley   

    "Even though the NIIF has become operational and in the next few days from now it will start its major activities," Jaitley said while addressing Best Practices in PPPs and Long-term Infrastructure Financing of BRICS Countries sem...

    22 Sep 2016, 1.20 pm  |  Source: PTI

  • `Regulatory quality will improve but not frequency, intensity`

    'Regulatory quality will improve but not frequency, intensity'  

    Sitharaman said the government is spending on creation of modern infrastructure to cut logistics cost, besides promoting online paperwork to reduce human interface.

    22 Sep 2016, 1.20 pm  |  Source: PTI

  • Olive oil imports likely to rise 20% in 2016-17

    Olive oil imports likely to rise 20% in 2016-17  

    The country had imported 11,106 tonnes of olive oils, 65 percent of which is sourced from Spain, in 2015-16 fiscal.

    22 Sep 2016, 12.28 pm  |  Source: PTI

  • Govt working to eliminate coal import: Piyush Goyal

    Govt working to eliminate coal import: Piyush Goyal  

    For almost 6-7 decades after independence, the country had got used to power and coal shortage but today there is a situation of surplus production, he said.

    22 Sep 2016, 12.00 pm  |  Source: PTI

  • Moody`s flags bad loan concerns at Finance minstry meeting

    Moody's flags bad loan concerns at Finance minstry meeting  

    At a meeting with Economic Affairs Secretary Shaktikanta Das and other officials of the ministry, representatives from Moody's are learnt to have said that a rating upgrade could be a reality when the benefits of reforms could be ...

    22 Sep 2016, 9.58 am  |  Source: PTI

  • Jharkhand signs 8 investment pacts worth Rs 5,000 crore

    Jharkhand signs 8 investment pacts worth Rs 5,000 crore  

    Jharkhand is organising the Global Investors Summit 2017 on February 16-17 in Ranchi to promote the state as a favoured investment destination. It had held a road show here in connection with the summit.

    22 Sep 2016, 9.58 am  |  Source: PTI

  • Risk-on trend to continue; see rupee at 66 against dollar: StanC

    Risk-on trend to continue; see rupee at 66 against dollar: StanC   

    Anant Narayan of Standard Chartered Bank, said that the current trend of risk-on play should continue. “We are seeing inflows coming through,” he said, adding that FCNR repayment ought to be contained. He believes the RBI will...

    22 Sep 2016, 9.11 am  |  Source: CNBC-TV18

  • Hospitality industry body seeks 5% GST rate

    Hospitality industry body seeks 5% GST rate  

    Malkani said the domestic hospitality industry pays tax in the range of 18-25 percent, which includes luxury tax and service tax, while in countries like Malaysia, Sri Lanka and Thailand, it is not more than 5 percent.

    22 Sep 2016, 9.00 am  |  Source: PTI

  • Role of states critical in sustaining growth: Report

    Role of states critical in sustaining growth: Report  

    The role of state governments is expected to be increasingly critical in sustaining overall development of the country in coming times, according to a report.

    21 Sep 2016, 9.24 pm  |  Source: PTI

  • Incentives, exemption cannot go forever: Jaitley

    Incentives, exemption cannot go forever: Jaitley  

    Asking the industry to improve business model to take advantage of emerging opportunities, Finance Minister Arun Jaitley today said they cannot indefinitely depend upon incentives and exemption.

    21 Sep 2016, 9.24 pm  |  Source: PTI

  • Budget overhaul: 2017 may be a breakout year for policy making

    Budget overhaul: 2017 may be a breakout year for policy making  

    The Cabinet decision to bring forward the presentation of the union Budget and merge the Railway budget with it, along with a likely roll-out of the Goods and Services Tax from April 1 next year, could well make 2017 a breakout ye...

    21 Sep 2016, 7.07 pm  |  Source: Moneycontrol.com

  • Q1 CAD dissapointing but manageable;$7 bn suplus BoP a plus:Pros

    Q1 CAD dissapointing but manageable;$7 bn suplus BoP a plus:Pros   

    Anubhuti Sahay, Head Of South Asia Economic Research, Standard Chartered Bank says the balance of payments surplus of USD 7 billion on the back of better than expected capital inflows is a big positive.

    21 Sep 2016, 6.58 pm  |  Source: CNBC-TV18

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