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Economy

  • Morgan Stanley upgrades India outlook to overweight

    Morgan Stanley upgrades India outlook to overweight   

    Morgan Stanley says that macros are now turning positive. Market sentiment is bound to improve with expectations of a normal monsoon, rate cuts and the passing of the GST Bill in FY17.

    25 May 2016, 12.09 pm  |  Source: Moneycontrol.com

  • Bks still resisting rate cuts as liquidity row with RBI drags on

    Bks still resisting rate cuts as liquidity row with RBI drags on  

    The RBI has slashed rates by 150 basis points (bps) since the start of last year, bringing the policy rate to a five-year low of 6.50 percent, but the country's banks have cut lending rates by less than half that, frustrating Raja...

    25 May 2016, 12.00 pm  |  Source: Reuters

  • Call drops: TRAI may release consultation paper if deemed fit

    Call drops: TRAI may release consultation paper if deemed fit   

    The Supreme Court, earlier this month, said that telecom companies cannot be fined for call drops and had also said that the Parliament can make and enact a call drop compensation rule. Any decision taken by the TRAI will be prece...

    25 May 2016, 9.59 am  |  Source: CNBC-TV18

  • India counts cost of reduced Gulf remittances

    India counts cost of reduced Gulf remittances  

    Making USD 250 a month, and faced with a pay cut as construction jobs in Qatar became scarcer, Joseph realised he could no longer afford monthly instalments on his house and son's education. In January, after 15 years in the Gulf,...

    25 May 2016, 9.58 am  |  Source: Reuters

  • Govt aims record 270.10-mn tonne foodgrains output in 2016-17

    Govt aims record 270.10-mn tonne foodgrains output in 2016-17  

    The country had last achieved a record output of 265.04 million tonnes (MT) in 2013-15. However, the production in 2014-15 and 2015-16 fell to 252.02 MT and 253.23 MT, respectively, due to drought in more than ten states.

    25 May 2016, 8.50 am  |  Source: PTI

  • Odisha to auction 7 mines by August

    Odisha to auction 7 mines by August  

    The seven mines include iron ore, manganese and a bauxite mine in Koraput district.

    25 May 2016, 8.46 am  |  Source: PTI

  • Railways to highlight 2-year achievements of Modi government

    Railways to highlight 2-year achievements of Modi government   

    "The week will be celebrated as 'Rail humsafar' and during the period we will focus on passenger amenities including cleanliness, catering, punctuality among others to mark the completion of two years," said a senior Railway Minis...

    25 May 2016, 7.26 am  |  Source: PTI

  • Govt revises norms of Performance in Credit Rating Scheme

    Govt revises norms of Performance in Credit Rating Scheme  

    Under the revised guidelines, the fee to be paid to the rating agencies shall be based on the turnover of the micro and small enterprises which has been categorised into three slabs.

    25 May 2016, 7.26 am  |  Source: PTI

  • Delhi govt presents plan for cleaning Yamuna to Centre

    Delhi govt presents plan for cleaning Yamuna to Centre  

    A Delhi Jal Board (DJB) delegation led by Water Minister Kapil Mishra presented the plan to Union Water Resources Minister Uma Bharti at Shram Shakti Bhawan here.

    25 May 2016, 7.26 am  |  Source: PTI

  • Cabinet may consider capital goods policy tomorrow

    Cabinet may consider capital goods policy tomorrow  

    Union Cabinet is likely to consider on May 25 the first policy for the country's capital goods sector, which envisages creation of 21 million additional jobs by 2025.

    24 May 2016, 9.22 pm  |  Source: PTI

  • Railways seek Rs 1.19 lakh cr from FM for safety works

    Railways seek Rs 1.19 lakh cr from FM for safety works  

    With the aim to achieve zero accidents, Railways has sought more than Rs 1 lakh crore from the Finance Ministry to strengthen the track and upgradation of the signalling system to ensure safe train operation

    24 May 2016, 7.30 pm  |  Source: PTI

  • Govt eyes Rs 25 lakh cr infra investments to create 4 cr jobs

    Govt eyes Rs 25 lakh cr infra investments to create 4 cr jobs  

    Government expects investments worth Rs 25 lakh crore in the infrastructure sector by 2019 which will help generate 4 crore jobs, Union Minister Nitin Gadkari has said.

    24 May 2016, 5.28 pm  |  Source: PTI

  • India`s growth to climb to 7.8% in Jan-March quarter: Report

    India's growth to climb to 7.8% in Jan-March quarter: Report  

    According to the global financial services major Citigroup, the January-March quarter GDP is likely to reinforce growth optimism.

    24 May 2016, 4.18 pm  |  Source: PTI

  • UAE tightens norms for import of veggies from India

    UAE tightens norms for import of veggies from India  

    The Arab nation has now made it mandatory for Indian exporters to furnish a pesticide residue analysis report for each consignment of shipment of these products.

    24 May 2016, 4.08 pm  |  Source: PTI

  • Pranab Mukherjee arrives in China to boost bilateral ties

    Pranab Mukherjee arrives in China to boost bilateral ties  

    Pranab Mukherjee, who is making his first visit to China as President, has made a number of trips to this country in various capacities including as Deputy Chairman of the Planning Commission and Defence Minister.

    24 May 2016, 3.58 pm  |  Source: PTI

  • Adieu El Nino, Hola La Nina: Skymet ups monsoon forecast to 109%

    Adieu El Nino, Hola La Nina: Skymet ups monsoon forecast to 109%   

    Skymet Vice President - Meteorology GP Sharma says the El Nino effect is now close to neutral.

    24 May 2016, 3.48 pm  |  Source: CNBC-TV18

  • India aims to be among top 30 in `ease of doing business`: Kant

    India aims to be among top 30 in 'ease of doing business': Kant  

    Speaking at an IAMAI event here, Amitabh Kant said the ecosystem of innovation is just "beginning to blossom" and one is seeing a resurgence of young Indians starting new businesses.

    24 May 2016, 3.46 pm  |  Source: PTI

  • DB sees India`s GDP growth at 7.8% next year

    DB sees India's GDP growth at 7.8% next year  

    Speaking to reporters during the bank's annual Asia Conference yesterday, Spencer said that Indian banks' efforts to recapitalise and improve balance sheets while sorting out non-performing loans.

    24 May 2016, 3.26 pm  |  Source: PTI

  • Board Bureau chief Vinod Rai says it`s time for mergers

    Board Bureau chief Vinod Rai says it's time for mergers  

    Vinod Rai, the veteran bureaucrat appointed this year to run the new Banks Board Bureau, told Reuters the government stood ready to inject fresh funds beyond the USD 3.7 billion earmarked in the 2016/17 Budget.

    24 May 2016, 2.17 pm  |  Source: Reuters

  • India`s soybean area seen falling as farmers switch to pulses

    India's soybean area seen falling as farmers switch to pulses  

    Soybean is the main summer-sown oilseed crop for the world's biggest importer of edible oil, but prices have dropped 10 percent in the past two years, while the prices of pulses such as red gram have nearly tripled over the same p...

    24 May 2016, 2.04 pm  |  Source: Reuters

  • Telangana govt signs MoU with Eclat Health Solutions

    Telangana govt signs MoU with Eclat Health Solutions  

    State Principal Secretary, Industries, Commerce and Power Arvind Kumar, IT department Secretary Jayesh Ranjan are among the senior officials in the team accompanying the minister.

    24 May 2016, 1.52 pm  |  Source: PTI

  • Traders seek help from Maha CM over plummeting onion prices

    Traders seek help from Maha CM over plummeting onion prices  

    The delegation has demanded that the state government allow increase in export quantities, compensate onion producers or buy additional onions to stop heavy losses to farmers.

    24 May 2016, 12.36 pm  |  Source: PTI

  • India seeks bids for oil, gas fields in first auction since 2010

    India seeks bids for oil, gas fields in first auction since 2010  

    A successful auction of the small oil and gas fields is seen as crucial to a recently announced hydrocarbon policy, which India hopes will unlock energy resources worth USD 40 billion by simplifying rules and offering pricing ince...

    24 May 2016, 11.41 am  |  Source: Reuters

  • Infrastructure development key to Bengal`s success: India Inc

    Infrastructure development key to Bengal's success: India Inc  

    They feel that the government, fresh from a new mandate, has sufficient land at its disposal and the priority is to develop the required infrastructure.

    24 May 2016, 11.34 am  |  Source: PTI

  • Why India`s spending $500 mn to develop a port in Iran

    Why India's spending $500 mn to develop a port in Iran  

    The announcement was part of a number of agreements to boost economic ties with Iran that Modi signed with President Hassan Rouhani, during an official state visit.

    24 May 2016, 9.35 am  |  Source: CNBC

  • Japan govt`s responsibility to build Amaravati: AP CM

    Japan govt's responsibility to build Amaravati: AP CM  

    "Your (Japan's) Maki and Associates is designing our capital buildings. So it is Japan government's responsibility to build Amaravati. It should be next to Tokyo," Chandrababu remarked, inaugurating a two-day Andhra Pradesh-Japan ...

    24 May 2016, 8.50 am  |  Source: PTI

  • Iran visit to `positively impact` Indo-Iran ties: PM Modi

    Iran visit to 'positively impact' Indo-Iran ties: PM Modi  

    During the visit, the two countries signed 12 agreements including a "milestone" pact on developing the strategic Chabahar port and pledged to combat terrorism and radicalism.

    24 May 2016, 7.28 am  |  Source: PTI

  • Assam industry body pleads new govt for uplifting economy

    Assam industry body pleads new govt for uplifting economy  

    Exemptions given in the policy should be continued, he said and added that projects of Rs 25,000 crore were held up due to the hold on NEIIPP.

    24 May 2016, 7.28 am  |  Source: PTI

  • Chabahar port agreement `historic`: Dharmendra Pradhan

    Chabahar port agreement 'historic': Dharmendra Pradhan  

    India and Iran inked a dozen agreements ranging from a contract to develop the strategic Chabahar port to an initial pact to set up an aluminium plant and one on laying a railway line to give India access to Afghanistan and Centra...

    24 May 2016, 7.28 am  |  Source: PTI

  • Maha govt forms committee to re-start closed SMEs

    Maha govt forms committee to re-start closed SMEs  

    State Finance Minister Sudhir Mungantiwar, who heads the committee, said that there are a total of 2,54,050 small scale industries in the state, of which 30,549 are closed.

    24 May 2016, 7.28 am  |  Source: PTI

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