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Moneycontrol

Economy

  • FinMin looking into issue of NRIs having old notes: MEA

    FinMin looking into issue of NRIs having old notes: MEA  

    Admitting that the FAQs put up by RBI do not offer the required clarity to the NRIs having old notes, whose legal tender status has been cancelled, External Affairs Ministry Spokesperson Vikas Swarup today said an inter-ministeria...

    02 Dec 2016, 7.50 am  |  Source: PTI

  • Telangana industrial body unveils mobile app for entrepreneurs

    Telangana industrial body unveils mobile app for entrepreneurs  

    The entrepreneurs can see the vacant plots, its extent, boundaries, price of the plot, distance from airport, road connectivity from the mobile app since all the industrial parks are developed in GIS module, a government release s...

    02 Dec 2016, 7.50 am  |  Source: PTI

  • Trai bats for common optical fibre infrastructure

    Trai bats for common optical fibre infrastructure  

    The regulator is advocating a common duct infrastructure which could be used by any operator who wants to lay optical fibre network.

    02 Dec 2016, 7.50 am  |  Source: PTI

  • `For cashless society first consider needs of farmers, labour`

    'For cashless society first consider needs of farmers, labour'  

    "Stressed on reverse working for cashless society like considering the needs of farmers, labours from unorganised sector & small vendors first," Fadnavis said in a tweet after participating in a discussion in the central governmen...

    02 Dec 2016, 7.48 am  |  Source: PTI

  • Road to GST: Dual control, cess still debatable, say experts

    Road to GST: Dual control, cess still debatable, say experts   

    The goods and services tax (GST) council will meet tomorrow to discuss changes suggested by several states in the model GST law and compensation formula.

    01 Dec 2016, 9.18 pm  |  Source: CNBC-TV18

  • GST Council to discuss model laws, tax jurisdiction today

    GST Council to discuss model laws, tax jurisdiction today   

    The all-powerful GST Council at its two-day meeting beginning today will dwell on the issue of jurisdiction over assessees and draft model laws for implementation of the new GST regime from April next year.

    01 Dec 2016, 9.12 pm  |  Source: PTI

  • Demonetisation: Crisil slashes GDP growth by 100 bps to 6.9% for FY17

    Demonetisation: Crisil slashes GDP growth by 100 bps to 6.9% for FY17  

    Expecting economic recovery from demonetisation to take a couple of months, ratings firm Crisil today lowered the country's GDP growth forecast by 100 basis points to 6.9 percent from 7.9 percent earlier for the current fiscal.

    01 Dec 2016, 8.10 pm  |  Source: PTI

  • GST, currency change to be game changers for economy: Jaitley

    GST, currency change to be game changers for economy: Jaitley  

    Rejecting apprehensions that the Indian economy would suffer due to demonetisation, Finance Minister Arun Jaitley today termed as "game changers" the pulling out of high-value old notes as well as Goods and Services Tax, which is...

    01 Dec 2016, 6.36 pm  |  Source: PTI

  • Cash shortage may slowdown GDP to 6.5% in Oct-Dec qtr: Nomura

    Cash shortage may slowdown GDP to 6.5% in Oct-Dec qtr: Nomura  

    Cash crunch post demonetisation is expected to slowdown India's GDP growth to 6.5 per cent for the fourth quarter of 2016 and is likely to spill over into the first quarter of 2017, says a Nomura report.

    01 Dec 2016, 6.36 pm  |  Source: PTI

  • RBI warns banks/public against misinformation on social media

    RBI warns banks/public against misinformation on social media  

    RBI today cautioned banks as well as the public not be misguided by questionable and unverified documents being circulated on social media channels regarding demonetisation of old Rs 500/1000 currency notes.

    01 Dec 2016, 6.36 pm  |  Source: PTI

  • Gold sales may slip further on govt’s holding cap clarification

    Gold sales may slip further on govt’s holding cap clarification   

    The CBDT has clarified that there would be no seizure of gold jewellery and ornaments if the holding is limited to 500 grams per married woman, 250 grams per unmarried woman and 100 grams per male in the family. Experts say this...

    01 Dec 2016, 6.24 pm  |  Source: Moneycontrol.com

  • The Pulse of Fintech Report - Global Analysis of Fintech Funding

    The Pulse of Fintech Report - Global Analysis of Fintech Funding  

    The Pulse of Fintech Report gives a detailed look at trends and data covering equity transactions to venture capital-backed fintech companies globally. For a full definition of data included in this report

    01 Dec 2016, 6.15 pm  |  Source: Moneycontrol.com

  • Married women can hold up to 500 gm gold without taxman worry

    Married women can hold up to 500 gm gold without taxman worry  

    Amendments to the I-T laws do not seek to tax inherited gold and jewellery as also those items that are purchased through disclosed or agriculture income, the government said on Thursday.

    01 Dec 2016, 4.44 pm  |  Source: PTI

  • Demonetisation has slowed down country`s economy: UP CM

    Demonetisation has slowed down country's economy: UP CM  

    "December 1 has arrived. Salaries are to come in bank accounts but how much money one will get (withdraw) is not certain. There is no word on when these queues (outside banks) will end. The decision has slowed down the entire econ...

    01 Dec 2016, 4.22 pm  |  Source: PTI

  • Over Rs 11 lakh crore back into banking system: Sources

    Over Rs 11 lakh crore back into banking system: Sources   

    Over Rs 11 lakh crore has been brought into banking system till November 30, people close to the government’s demonetisation drive told CNBC-TV18. The government had declared as invalid Rs 500 and Rs 1,000 notes worth about Rs 1...

    01 Dec 2016, 3.57 pm  |  Source: CNBC-TV18

  • Moody`s upgrades India`s power sector outlook to stable

    Moody's upgrades India's power sector outlook to stable  

    In addition, the government's debt restructuring of the financially weak distribution utilities through UDAY scheme will likely improve their financial capacity to make timely payments to power generators, it said.

    01 Dec 2016, 3.00 pm  |  Source: PTI

  • Demonetisation: PAC to call RBI Guv in Jan to review eco impact

    Demonetisation: PAC to call RBI Guv in Jan to review eco impact  

    The decision to call RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das was taken unanimously by all the members of the Committee, headed by senior Congress leader K V Thomas.

    01 Dec 2016, 2.58 pm  |  Source: PTI

  • BofA cuts FY17 growth forecast to 6.9% amid demonetisation

    BofA cuts FY17 growth forecast to 6.9% amid demonetisation  

    India's GDP accelerated to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months owing to demonetisation.

    01 Dec 2016, 1.00 pm  |  Source: PTI

  • Scrapping of excise on branded gold coins positive: Somasundaram

    Scrapping of excise on branded gold coins positive: Somasundaram   

    Reacting to the development, PR Somasundaram, MD of India World Gold Council said total gold coin market in India is estimated at roughly 70-90 tonne and of this, branded portion is very small.

    01 Dec 2016, 12.49 pm  |  Source: CNBC-TV18

  • Factory output growth slows down on demonetisation move: PMI

    Factory output growth slows down on demonetisation move: PMI  

    The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- a gauge of manufacturing performance -- fell to 52.3, down from a 22-month high of 54.4 in October.

    01 Dec 2016, 12.34 pm  |  Source: PTI

  • #Cartoon: A beggar`s daily alms in times of demonetisation

    #Cartoon: A beggar's daily alms in times of demonetisation  

    While the middle-class may not quite feel the pinch of the ongoing cash crunch (save for standing for hours on end in mind-numbing queues outside banks), the going gets tougher and tougher for the poor.

    01 Dec 2016, 11.51 am  |  Source: Moneycontrol.com

  • Cooperative sugar mill set to crush one lakh ton cane

    Cooperative sugar mill set to crush one lakh ton cane  

    Puducherry Cooperative Sugar mill here is set to crush one lakh ton sugarcane during the current season, Chief Minister V Narayanasamy said here today.

    01 Dec 2016, 11.36 am  |  Source: PTI

  • ATF price cut by 3.7%, LPG hiked by Rs 2 per cylinder

    ATF price cut by 3.7%, LPG hiked by Rs 2 per cylinder  

    ATF or jet fuel price was hiked by Rs 1,881 per kilolitre (kl), or 3.7 percent, to Rs 48,379.63 per kl in Delhi. The reduction comes after two rounds of hikes, the last one being on November 1 by a steep 7.3 percent.

    01 Dec 2016, 11.22 am  |  Source: PTI

  • Old Rs 500 notes valid till Dec 2 for fuel, air ticket purchase

    Old Rs 500 notes valid till Dec 2 for fuel, air ticket purchase  

    With effect from December 3, 2016, old Rs 500 notes cannot be used for purchase of petrol, diesel and gas at the stations operating under authorisation of public sector oil marketing companies and for buying airline tickets at air...

    01 Dec 2016, 10.56 am  |  Source: PTI

  • Manufacturing activity cools in November on cash crunch: PMI

    Manufacturing activity cools in November on cash crunch: PMI  

    The Nikkei/Markit Manufacturing Purchasing Managers' Index fell to 52.3 in November from October's 54.4, its biggest month-on-month decline since March 2013.

    01 Dec 2016, 10.42 am  |  Source: Reuters

  • US Congress seeks major defence partner recognition for India

    US Congress seeks major defence partner recognition for India  

    This, including an assessment of the defence export control regulations and policies, need appropriate modification in recognition of India's capabilities and its status as a major defence partner, said the conference report which...

    01 Dec 2016, 10.34 am  |  Source: PTI

  • India ranked 102nd on enabling cross border trade: WEF

    India ranked 102nd on enabling cross border trade: WEF  

    Among the BRICS nations, India, China and South Africa have improved their ranking from the previous edition.

    01 Dec 2016, 10.08 am  |  Source: PTI

  • GDP growth in Q2 good; uncertainty remains for 2nd half: CEA

    GDP growth in Q2 good; uncertainty remains for 2nd half: CEA  

    The Indian economy, as per government data released, recorded 7.3 percent growth for the July-September quarter of 2016-17, up from 7.1 percent in the first quarter.

    01 Dec 2016, 10.04 am  |  Source: PTI

  • Govt plans to clear fertiliser subsidy arrears soon: Minister

    Govt plans to clear fertiliser subsidy arrears soon: Minister  

    With banks flushed with money after demonetisation of Rs 500 and Rs 1,000 notes, Fertiliser Minister Ananth Kumar said the government was looking at providing loans to the industry at a reasonable rate through special banking arra...

    01 Dec 2016, 10.04 am  |  Source: PTI

  • Andhra projects 10,930 mn units power surplus for FY2017-18

    Andhra projects 10,930 mn units power surplus for FY2017-18  

    The two power distribution companies (Discoms) APSPDCL and APEPDCL of the state submitted their annual revenue requirement to the Electricity Regulatory Commission estimating the annual revenue requirement at Rs 30,069 crore.

    01 Dec 2016, 9.12 am  |  Source: PTI

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