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Economy

  • Experts believe new textile policy can create maximum jobs

    Experts believe new textile policy can create maximum jobs   

    Sachit Jain, MD, Vardhman Textiles said job creation biggest requirement of the country, and textile and apparel is the industry that has the ability to create maximum number of jobs.

    22 Jun 2016, 11.51 am  |  Source: CNBC-TV18

  • No need for licensing pact with GM technology provider: NSAI

    No need for licensing pact with GM technology provider: NSAI  

    Under the fresh norm, royalty for the new genetically modified (GM) traits was capped at 10 percent of the maximum sale price of BT cotton seeds for the first 5 years. Eligible seed firms get access to the GM technology was also e...

    22 Jun 2016, 11.14 am  |  Source: PTI

  • Textile policy announcement likely next week, not today: Srcs

    Textile policy announcement likely next week, not today: Srcs   

    Former textile secretary Rita Menon is happy with higher targets expected in the policy. Incentives are needed for the government manufacturer, which will help pick up exports, says Rajendran R of Lakshmi Machine.

    22 Jun 2016, 10.19 am  |  Source: CNBC-TV18

  • Govt okays Rs 58 cr to mitigate NH-17 widening impact on KBS

    Govt okays Rs 58 cr to mitigate NH-17 widening impact on KBS  

    "NHAI has approved an estimate of Rs 58.16 crore to mitigate impacts on wildlife in Karnala Bird Sanctuary (KBS) for widening of part of Panvel-Indapur section of NH-17. This section constitutes direct connectivity from Mumbai to ...

    22 Jun 2016, 9.18 am  |  Source: PTI

  • Trade unions slam govt`s FDI policy initiatives

    Trade unions slam govt's FDI policy initiatives  

    AITUC Secretariat condemned the full open door FDI policy for defence, aviation and retail trade and six other sectors including pharmaceutical, the union said in a statement.

    22 Jun 2016, 9.16 am  |  Source: PTI

  • No auction of coal mines in next 2-3 months: Coal Secy

    No auction of coal mines in next 2-3 months: Coal Secy  

    The secretary further said at present there are no plans for opening up the sector to private parties and the government will consider on the same as the demand for coal picks up.

    22 Jun 2016, 8.48 am  |  Source: PTI

  • CIL has set coal production target of 1 billion tonne: Goyal

    CIL has set coal production target of 1 billion tonne: Goyal  

    Union Minister Piyush Goyal today said the Coal India Ltd (CIL) has set a coal production target of one billion tonne.

    22 Jun 2016, 7.40 am  |  Source: PTI

  • 100% FDI in defence sector will strengthen army: Rao Inderjit

    100% FDI in defence sector will strengthen army: Rao Inderjit  

    "The inflow of FDI would help in acquiring state-of-the-art technology and indigenous manufacturing of defence equipment and the Army would not be dependent if there is any problem with our neighbours," the Union Minister of State...

    22 Jun 2016, 7.40 am  |  Source: PTI

  • Govt docs meet FM, demand review of 7th PC recommendations

    Govt docs meet FM, demand review of 7th PC recommendations  

    Representatives of the Federation of Resident Doctors Association (FORDA) and JACSDO (Joint Action Council of Service Doctor Organisation) met Jaitley yesterday and put forward their demands saying, the recommendations are "discri...

    22 Jun 2016, 7.40 am  |  Source: PTI

  • Increased FDI inflow a result of liberalised regime: DIPP Secy

    Increased FDI inflow a result of liberalised regime: DIPP Secy   

    Speaking to Rituparna Bhuyan of CNBC-TV18, Ramesh Abhishek said that the past two years have witnessed considerable growth in the FDI inflows which is a result of a liberalised FDI regime and shows investor confidence.

    21 Jun 2016, 9.12 pm  |  Source: CNBC-TV18

  • `India`s FDI inflows may cross USD60 bn this year`

    'India's FDI inflows may cross USD60 bn this year'  

    India's foreign direct investment is likely to cross USD 60 billion this year on favourable policy environment even as the FDI flows globally are set to witness a decline, says a UN economist

    21 Jun 2016, 7.08 pm  |  Source: PTI

  • To boost hiring, competitive exam scores to be put online:Govt

    To boost hiring, competitive exam scores to be put online:Govt  

    In order to boost hiring, scores of all candidates taking various competitive examinations will be made available online for both public and private sector

    21 Jun 2016, 6.42 pm  |  Source: PTI

  • Govt asks CAIT to list issues hampering ease of doing biz

    Govt asks CAIT to list issues hampering ease of doing biz  

    The Commerce Ministry on June 21 asked traders body CAIT to prepare a list of issues, including taxation and banking, which are hindering ease of doing business in the country

    21 Jun 2016, 5.04 pm  |  Source: PTI

  • Cargo transports to soon find a waterway, but at what cost?

    Cargo transports to soon find a waterway, but at what cost?  

    In order for companies to take to shipments over water, the government went ahead and said it would offer an incentive of Rs 1 per tonne per kilometer of cargo to them. But freight owners who are more used to roads will have to pa...

    21 Jun 2016, 4.07 pm  |  Source: Moneycontrol.com

  • Cabinet likely to clear textile policy tomorrow: Sources

    Cabinet likely to clear textile policy tomorrow: Sources   

    After an FDI push, the Cabinet along with the Cabinet Committee of Economic Affairs will meet on June 22 to chart out a new textile policy to incentivise garments manufacturing through value-added services, said Shereen Bhan of CN...

    21 Jun 2016, 4.00 pm  |  Source: CNBC-TV18

  • Impose penalty, initiate prosecution of non-filers: Tax Dept

    Impose penalty, initiate prosecution of non-filers: Tax Dept  

    The number of non-filers with potential tax liabilities has risen from 22.09 lakh in 2014 to 58.95 lakh in 2015. Non filers in 2013 were 12.19 lakh.

    21 Jun 2016, 2.24 pm  |  Source: PTI

  • Hot deals, foreign investors to breathe life into pharma sector

    Hot deals, foreign investors to breathe life into pharma sector  

    Industry experts believe that the government liberalising FDA norms in pharma will be a shot in the arm for the sector which will see more investments coming in. Deal activity will also rise, they said. But few challenges like loo...

    21 Jun 2016, 2.16 pm  |  Source: Moneycontrol.com

  • Govt team leaves for Mozambique to explore pulses imports

    Govt team leaves for Mozambique to explore pulses imports  

    Retail pulses prices have shot up as high as Rs 200 per kg owing to a seven million tonnes shortfall in the domestic output following two consecutive drought years.

    21 Jun 2016, 12.56 pm  |  Source: PTI

  • IT dept to block PAN, LPG subsidy of defaulters

    IT dept to block PAN, LPG subsidy of defaulters  

    A number of such measures have been mooted by the tax department, to be undertaken this financial year, in order to curb the menace of large-scale tax avoidance and evasion.

    21 Jun 2016, 12.04 pm  |  Source: PTI

  • Subsidies, tweaked aviation policy will attract investors: ICRA

    Subsidies, tweaked aviation policy will attract investors: ICRA   

    The revamped FDI rules and National Civil Aviation Policy will help generate keen interest from foreign investors in the aviation sector, says Kinjal Shah, AVP of ICRA.

    21 Jun 2016, 9.44 am  |  Source: CNBC-TV18

  • Activate stalled engines to sustain 7.6% growth: WB to India

    Activate stalled engines to sustain 7.6% growth: WB to India  

    "Agriculture -- having faced two consecutive drought years -- rural household consumption, private investments and exports have not performed to potential," said the India Development Update, a twice yearly report released here.

    21 Jun 2016, 8.58 am  |  Source: PTI

  • `Indians more confident about country`s economy than Chinese`

    'Indians more confident about country's economy than Chinese'  

    "Employees in India are far more positive about the state of their country's economy, as 50 percent of employees in India rating the economy good to excellent compared to 28 percent employees rating the Chinese economy good to exc...

    21 Jun 2016, 7.22 am  |  Source: PTI

  • New FDI policy great news for aviation sector: Cyril Shroff

    New FDI policy great news for aviation sector: Cyril Shroff   

    Cyril Shroff, Managing Partner at Cyril Amarchand Mangaldas said that the new policy is great news for the civil aviation sector and also sees mergers and acquisitions to pick up in the pharma industry.

    20 Jun 2016, 10.11 pm  |  Source: CNBC-TV18

  • Liberalisation of food manufacturing sector a big step: BMR

    Liberalisation of food manufacturing sector a big step: BMR   

    The government has put e-commerce players in the food industry on the same footing at brick and mortar shops, says Kalpesh Maroo of BMR Associates.

    20 Jun 2016, 10.10 pm  |  Source: CNBC-TV18

  • MPC formation at final stage, members to be named by July

    MPC formation at final stage, members to be named by July  

    The six-member MPC will include RBI Governor and three nominees of the government, which has a mandate to bring consumer or CPI inflation to the pre-set target.

    20 Jun 2016, 9.54 pm  |  Source: PTI

  • India only bright spot amid global mkts: World Bank India chief

    India only bright spot amid global mkts: World Bank India chief   

    Welcoming the relaxation in foreign direct investment (FDI) norms, World Bank's Country Director in India Onno Ruhl said it is important for the government to open up the economy as it needs investment.

    20 Jun 2016, 8.54 pm  |  Source: Moneycontrol.com

  • FDI reforms: PM says India most open economy

    FDI reforms: PM says India most open economy  

    Launching the second set of sweeping reforms, Prime Minister Narendra Modi on June 20 said it makes India the most open economy in the world for FDI and would give boost to employment as part of efforts to transform the country

    20 Jun 2016, 8.24 pm  |  Source: PTI

  • FDI reforms nothing to do with Rajan`s exit decision

    FDI reforms nothing to do with Rajan's exit decision  

    As questions cropped up over whether the announcements on major FDI reforms had anything to do with the Raghuram Rajan's exit from RBI, government said they were in the works and only an announcement was made on June 20

    20 Jun 2016, 8.24 pm  |  Source: PTI

  • Indian professionals prefer flexible work hours over high pay

    Indian professionals prefer flexible work hours over high pay  

    Nearly 50 per cent professionals in the country are ready to forgo a top position with high salary for flexible working arrangements, says a LinkedIn survey.

    20 Jun 2016, 8.24 pm  |  Source: PTI

  • High rates for debt-ridden businessmen their own doing: Rajan

    High rates for debt-ridden businessmen their own doing: Rajan  

    In a strong rebuttal to rate cut demands from "heavy-indebted industrialists", outgoing RBI Governor Raghuram Rajan today said banks charge them high rates because of the 'risk' they may not repay and they must support efforts...

    20 Jun 2016, 8.24 pm  |  Source: PTI

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