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Economy

  • Wrap up probes as early as possible: Revenue Secy to ED

    Wrap up probes as early as possible: Revenue Secy to ED  

    Stating that some cases have been dragging on for 7-8 years, Adhia said, "It is not a good idea to keep so many cases open. We should finish investigation as early as possible." Adhia also emphasised that actual conviction rate is...

    30 Apr 2016, 1.08 pm  |  Source: PTI

  • Improvement in logistics to boost exports: Nitin Gadkari

    Improvement in logistics to boost exports: Nitin Gadkari  

    "Reducing logistics cost can boost exports 1.5 times in the country besides leading to faster economic development," Road Transport and Highways Minister Gadkari said addressing the second Smart Transportation Infra Summit & Expo ...

    30 Apr 2016, 1.00 pm  |  Source: PTI

  • Finmin for EPFO`s reserve fund to protect interest of workers

    Finmin for EPFO's reserve fund to protect interest of workers  

    While ratifying interest rate of 8.8 percent on Employees Provident Fund (EPF) for 2015-16, sources said it advised the Labour Ministry to create a reserve fund for future to protect workers from interest rate shocks in a regime o...

    30 Apr 2016, 12.38 pm  |  Source: PTI

  • NPA mess: Acceptance, flexibility among players needed

    NPA mess: Acceptance, flexibility among players needed   

    About 80 percent of the bad loan issue in road and power sectors will be resolved over a period of time and about 10-20 percent will have to be written off, says RK Bansal, Executive Director of IDBI Bank.

    30 Apr 2016, 12.23 pm  |  Source: CNBC-TV18

  • India will achieve solar energy target: Goyal

    India will achieve solar energy target: Goyal  

    India will definitely achieve the target for enhancing solar power capacity and add 10,500 MW in the current fiscal, New & Renewable Energy Minister Piyush Goyal said today.

    29 Apr 2016, 7.54 pm  |  Source: PTI

  • Pick-up in WPI inflation likely in FY`17: BofA-ML

    Pick-up in WPI inflation likely in FY'17: BofA-ML  

    With global commodities deflation bottoming out, the WPI inflation is likely to see an uptick in the current fiscal and is estimated at 7.1 per cent by March 2017, says a Bank of America Merrill Lynch report.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • 11,997 cases of credit card, net banking frauds during Apr-Dec

    11,997 cases of credit card, net banking frauds during Apr-Dec  

    Close to 12,000 cases related to credit/debit cards and net banking were reported during April- December 2015, Parliament was informed today.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Govt raises EPF interest rate to 8.8% for 2015-16

    Govt raises EPF interest rate to 8.8% for 2015-16  

    In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8 percent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Rajan for inclusion of financial literacy in school syllabus

    Rajan for inclusion of financial literacy in school syllabus  

    Reserve Bank Governor Raghuram Rajan today proposed inclusion of financial literacy in school curriculum.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Forex reserves at record high of $361.601 bn

    Forex reserves at record high of $361.601 bn  

    Continuing their rising trend, the country's foreign exchange reserves increased by USD 1.350 billion to touch a record high of USD 361.601 billion in the week to April 22, Reserve Bank said today.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • CAG pulls up govt for delay in implementation of food law

    CAG pulls up govt for delay in implementation of food law  

    The Comptroller and Auditor General today rapped the Centre for delay in implementation of the National Food Security Act (NFSA) and extending its rollout thrice without Parliament approval.

    29 Apr 2016, 6.20 pm  |  Source: PTI

  • Direct Tax share in economy at decade low

    Direct Tax share in economy at decade low  

    Corporate tax collections have risen nearly 12-fold in last 15 years and personal income tax 9 fold but share of direct taxes in the economy has fallen to almost a decade low of 5.47 per cent, according to direct tax data publ...

    29 Apr 2016, 6.20 pm  |  Source: PTI

  • OMCs ask Oil Min if diesel, petrol prices can be hiked

    OMCs ask Oil Min if diesel, petrol prices can be hiked  

    The OMCs are asking the government to increase price of petrol by 90 paise and diesel by Rs 2.

    29 Apr 2016, 5.20 pm  |  Source: CNBC-TV18

  • Railways mulling more advts, sponsoring uniforms to hike revenue

    Railways mulling more advts, sponsoring uniforms to hike revenue  

    Minister of Railways Suresh Prabhu gave these details in Rajya Sabha during the Question Hour, where he also informed members that the government is working to complete the dedicated freight corridor by 2019 after which it is expe...

    29 Apr 2016, 3.28 pm  |  Source: PTI

  • `Modi`s address to US Congress an opportunity to boost ties`

    'Modi's address to US Congress an opportunity to boost ties'  

    Reflecting the strong bipartisan support to the India-US relationship, the lawmakers welcomed the decision of the House Speaker Paul Ryan to invite Modi to address the joint meeting.

    29 Apr 2016, 3.04 pm  |  Source: PTI

  • India needs to seal FTA with EU even on compromise: Kant

    India needs to seal FTA with EU even on compromise: Kant  

    Amitabh Kant spoke at the launch a World Bank report titled 'Stitches to Riches? Apparel Employment, Trade and Economic Development in South Asia', which estimates that rising wages in China present a huge opportunity to the appar...

    29 Apr 2016, 2.56 pm  |  Source: PTI

  • Peer-to-peer lending: Easier and faster but is it safer?

    Peer-to-peer lending: Easier and faster but is it safer?  

    The Reserve Bank of India has kicked off efforts to regulate peer-to-peer (P2P) lending in India. The move is believed to help the funding gap in the market which banks haven’t been able to service sufficiently well. But what do...

    29 Apr 2016, 1.26 pm  |  Source: Moneycontrol.com

  • India performing well as compared to other nations: UN expert

    India performing well as compared to other nations: UN expert  

    The United Nations Economic and Social Survey for Asia and the Pacific-2016 report, released yesterday, said that the Indian economy is projected to expand by 7.6 percent in 2016-17 and grow further to 7.8 percent in 2017-18, main...

    29 Apr 2016, 12.46 pm  |  Source: PTI

  • Power shortage lowest ever level of 2.1% in FY`16: Piyush Goyal

    Power shortage lowest ever level of 2.1% in FY'16: Piyush Goyal  

    "During 2015-16, the energy shortage was 2.1 percent, which is the lowest ever in a single year," Power Minister Piyush Goyal said in a written reply to the Lok Sabha.

    29 Apr 2016, 9.44 am  |  Source: PTI

  • Efforts on to pass bankruptcy bill in ongoing session: Das

    Efforts on to pass bankruptcy bill in ongoing session: Das  

    "Bankruptcy Code: Welcome submission of report by Joint Parliamentary Committee. Effort will be to get it passed in current Budget session," Economic Affairs Secretary Shaktikanta Das tweeted.

    29 Apr 2016, 9.40 am  |  Source: PTI

  • Set up committee to adopt acceptable GDP methodology:Par Panel

    Set up committee to adopt acceptable GDP methodology:Par Panel  

    The committee noted the latest GDP data released by the CSO has raised more questions than providing answers and inputs on the momentum of economic activities across the country.

    29 Apr 2016, 9.38 am  |  Source: PTI

  • Lot needs to be done by FinMin on black money: Par panel

    Lot needs to be done by FinMin on black money: Par panel  

    The Standing Committee on Finance suggested the "Ministry should give utmost priority to the implementation of Justice M B Shah's panel so that black money stashed abroad may be brought to our hand in time."

    29 Apr 2016, 9.36 am  |  Source: PTI

  • CAD to widen to $25 bn in FY17 on gold imports surge: Report

    CAD to widen to $25 bn in FY17 on gold imports surge: Report  

    "A favourable monsoon after a gap of two years would have a mixed impact on trade in various sectors, boosting agricultural exports and limiting imports of crude oil and coal while enhancing the demand for gold," domestic ratings ...

    29 Apr 2016, 9.00 am  |  Source: PTI

  • Govt may extend antidumping duty on a chemical from 6 nations

    Govt may extend antidumping duty on a chemical from 6 nations  

    In the final findings of the sunset review, Directorate General of Anti-dumping and Allied Duties (DGAD), has suggested the duty of up to Rs 379 per tonne on the imports of 'Poly Vinyl Chloride (PVC) Paste/ Emulsion Resin'.

    29 Apr 2016, 9.00 am  |  Source: PTI

  • Learn to compete in the long term: Steel Minister to firms

    Learn to compete in the long term: Steel Minister to firms  

    The Minister, who also holds the portfolio of mines, appreciated the concerted efforts by the government and all stakeholders, which has helped the steel sector in gradually coming out of the difficult condition it was in, Tomar w...

    29 Apr 2016, 9.00 am  |  Source: PTI

  • Govt sees no sugar shortage in 2016-17

    Govt sees no sugar shortage in 2016-17  

    The government's supply estimate for 2016-17 comes amid reports that India, the world's second biggest sugar producer after Brazil, might become a net importer due to likely fall in domestic sugar output in the wake of expected de...

    29 Apr 2016, 7.38 am  |  Source: PTI

  • Maha govt plans to bring 70% farmers under crop insurance net

    Maha govt plans to bring 70% farmers under crop insurance net  

    Speaking to reporters at Y B Chavan Center near Mantralaya here today, a senior official from state Agriculture Ministry said that at present only 30 percent of farmers are covered under crop insurance scheme Prime Minister Fasal ...

    29 Apr 2016, 7.38 am  |  Source: PTI

  • Housing prices up in October-December quarter, says RBI

    Housing prices up in October-December quarter, says RBI  

    The prices witnessed the highest increase in Lucknow while a decline was noticed in Jaipur during the December quarter of 2015-16 year-on-year.

    29 Apr 2016, 7.38 am  |  Source: PTI

  • India Inc`s external commercial borrowings drop 43% in Mar

    India Inc's external commercial borrowings drop 43% in Mar  

    India Inc raised over USD 1.52 billion from overseas markets in March 2016, down by 43 per cent from USD 2.66 billion in the same month last year, RBI data showed today.

    28 Apr 2016, 10.12 pm  |  Source: PTI

  • RBI eases compliance reporting norms for banks

    RBI eases compliance reporting norms for banks  

    The Reserve Bank today said banks need not report their compliance to Jilani Committee recommendations, related to frauds and malpractices, to the audit committee of the board (ACB).

    28 Apr 2016, 10.12 pm  |  Source: PTI

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