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Economy

  • Next round of RCEP talks from April 24 in Australia: Nirmala

    Next round of RCEP talks from April 24 in Australia: Nirmala  

    The Regional Comprehensive Economic Partnership (RCEP) is a mega trade deal which aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.

    21 Apr 2016, 8.32 am  |  Source: PTI

  • Improving financial literacy way forward towards financial

    Improving financial literacy way forward towards financial  

    The group identified people participation and use of technology as critical success factors for implementation of the Pradhan Mantri Jan Dhan Yojna (PMJDY), government's flagship financial inclusion scheme.

    21 Apr 2016, 8.30 am  |  Source: PTI

  • Govt to set up platform for social security schemes: Sinha

    Govt to set up platform for social security schemes: Sinha  

    In order to help all citizens access the social security platform, he said the government is trying to build the coverage through the post offices and bank mitras.

    21 Apr 2016, 7.54 am  |  Source: PTI

  • RBI caps foreign shareholding in Equitas Holdings at 49%

    RBI caps foreign shareholding in Equitas Holdings at 49%  

    Chennai-based Equitas Holdings is one of the 10 entities that received in-principle approval from Reserve Bank in September last to set up small finance banks.

    21 Apr 2016, 7.54 am  |  Source: PTI

  • India`s healthcare sector poised to grow to $280 bn: Report

    India's healthcare sector poised to grow to $280 bn: Report  

    The CII-KPMG 'The Indian services sector: Poised for global ascendancy' report launched at the second edition of Global Exhibition on Services (GES) said that healthcare sector is forecast to reach USD 160 billion in 2017, account...

    21 Apr 2016, 7.24 am  |  Source: PTI

  • Andhra CM says his govt committed to all-round development of AP

    Andhra CM says his govt committed to all-round development of AP  

    During his tour of Kadapa district, the home turf of YSRC chief and Opposition leader YS Jagan Mohan Reddy, Naidu inaugurated a slew of projects and also laid foundation stones for development works worth Rs 142 crore.

    21 Apr 2016, 7.24 am  |  Source: PTI

  • RBI strengthening consumer grievance mechanism: Patel

    RBI strengthening consumer grievance mechanism: Patel  

    Since the launch of Pradhan Mantri Jan Dhan Yojana (PMJDY) in 2014, banks have opened 21.5 crore accounts with deposits of over Rs 36,600 crore.

    20 Apr 2016, 10.24 pm  |  Source: PTI

  • Crude oil import bill halves to USD 64 bn in 2015-16

    Crude oil import bill halves to USD 64 bn in 2015-16  

    India imported 202.1 million tonnes of crude oil in the fiscal year that ended March 31, for USD 64.4 billion, according to latest data available from Petroleum Ministry.

    20 Apr 2016, 10.24 pm  |  Source: PTI

  • Rs 823 cr released by Centre to tackle water crisis: Minister

    Rs 823 cr released by Centre to tackle water crisis: Minister  

    Keeping in view the request by various states affected by the crisis, the Centre has released Rs 823 crore, Singh said, adding that states have been asked to spend 10 per cent of the unused fund to improve drinking water condition...

    20 Apr 2016, 10.24 pm  |  Source: PTI

  • RBI authorises credit of Rs 17,523 cr for wheat procurement

    RBI authorises credit of Rs 17,523 cr for wheat procurement  

    The RBI would issue another authorisation for the second installment shortly, a release issued by the Chief Minister's Office said here this evening.

    20 Apr 2016, 10.24 pm  |  Source: PTI

  • Govt mulling $2-3 bn proj for safety features at highways

    Govt mulling $2-3 bn proj for safety features at highways  

    "A proposal worth USD 2-3 billion has been sent to the Highways Ministry and is getting approval," National Highways Authority of India (NHAI) Chairman Raghav Chandra said at an event on road safety here.

    20 Apr 2016, 10.24 pm  |  Source: PTI

  • Centre to give Rs 42K cr to states for afforestation: Javadekar

    Centre to give Rs 42K cr to states for afforestation: Javadekar  

    The Union Environment Minister Prakash Javadekar on Wednesday said that the centre will distribute Rs 42,000 crores amongst the various states in lieu of the compensatory afforestation.

    20 Apr 2016, 9.50 pm  |  Source: CNBC-TV18

  • Govt nod for changes in bill on afforestation

    Govt nod for changes in bill on afforestation  

    "The Union Cabinet chaired by the Prime Minister Narendra Modi today gave its approval to move official amendments in the Compensatory Afforestation Fund Bill, 2015," an official statement said.

    20 Apr 2016, 9.38 pm  |  Source: PTI

  • India likely to face another year of uneven growth: DBS

    India likely to face another year of uneven growth: DBS  

    According to the report, private consumption is likely to grow at 9 per cent in 2016-17 from 7 per cent in the just- concluded fiscal. Urban demand is already on the mend, while rural spending is set to gain from a normal monsoon ...

    20 Apr 2016, 8.54 pm  |  Source: PTI

  • About Rs 36,000 cr deposits in Jan Dhan accounts: MoS PMO

    About Rs 36,000 cr deposits in Jan Dhan accounts: MoS PMO  

    "As part of the Pradhan Mantri Jan Dhan Yojana, more than 28 crore bank account have been opened and about Rs 36,000 crore deposits have been received by the banks. It shows that citizens are not only economically empowered, but t...

    20 Apr 2016, 8.02 pm  |  Source: PTI

  • Sugar prices cross Rs 40/kg; states asked to curb hoarding

    Sugar prices cross Rs 40/kg; states asked to curb hoarding  

    "Keeping in view the sugar price trend, we have asked the state governments as a precautionary measure to impose stock holding limits on traders to check hoarding," Food Minister Ram Vilas Paswan said.

    20 Apr 2016, 8.02 pm  |  Source: PTI

  • India fastest growing nation, but also among the poorest: Rajan

    India fastest growing nation, but also among the poorest: Rajan  

    While conceding that India was the fastest growing country of its size in the country, Rajan cautioned that growth was just one measure of performance

    20 Apr 2016, 7.53 pm  |  Source: Moneycontrol.com

  • Indian firms most optimistic about economic outlook: Report

    Indian firms most optimistic about economic outlook: Report  

    According to the Grant Thornton International Business Report (IBR) a quarterly global survey of 2,500 business leaders across 36 economies, 90 percent of the respondents in India expressed confidence in the country's economic out...

    20 Apr 2016, 7.00 pm  |  Source: PTI

  • Don`t be euphoric about high growth yet; long way to go: Rajan

    Don't be euphoric about high growth yet; long way to go: Rajan  

    "We are still one of the poorest large countries in the world on a per capita basis and have a long way to go before we reasonably address the concerns of each one of our citizens," Rajan said, adding that the current growth rate ...

    20 Apr 2016, 7.00 pm  |  Source: PTI

  • Drought in Maha may hit sugar production by 10 pc this year

    Drought in Maha may hit sugar production by 10 pc this year  

    "We estimates domestic sugar production at around 25.5 million metric tonnes (MT) during the sugar year (SY) 2016, a decline of 10 per cent over the previous year. This was mainly driven by a drought in the largest sugar producing...

    20 Apr 2016, 7.00 pm  |  Source: PTI

  • Banks need to ensure no defaulter manages to get away, says FM

    Banks need to ensure no defaulter manages to get away, says FM  

    "As far as the banks are concerned, its their responsibility based on commercial considerations to make sure that no defaulter manages to get away," Jaitley said.

    20 Apr 2016, 6.16 pm  |  Source: PTI

  • Govt may announce incentives for gold jewellery exporters

    Govt may announce incentives for gold jewellery exporters   

    The measures were discussed in an inter-ministerial meeting chaired by Commerce Secretary Rita Teaotia yesterday, sources said.

    20 Apr 2016, 6.16 pm  |  Source: PTI

  • Govt taking concrete steps to tide over drought situation

    Govt taking concrete steps to tide over drought situation  

    As many as 10 states have declared drought in 256 districts in the country due to deficit rains for the second consecutive year, aggravating drinking water problems in states like Maharashtra.

    20 Apr 2016, 5.42 pm  |  Source: PTI

  • CACP suggests hike in paddy MSP by Rs 60/qtl, pulses by Rs 200

    CACP suggests hike in paddy MSP by Rs 60/qtl, pulses by Rs 200  

    For 2015-16 kharif (summer) season, the government had fixed the MSP of common variety paddy at Rs 1,410 and grade A variety grain at Rs 1,450 per quintal.

    20 Apr 2016, 5.42 pm  |  Source: PTI

  • Stock limit on traders could lead to fall in sugar prices: AISTA

    Stock limit on traders could lead to fall in sugar prices: AISTA   

    The current sugar price are at par with production, says Praful Vithalani, Chairman of All India Sugar Trade Association.

    20 Apr 2016, 5.19 pm  |  Source: CNBC-TV18

  • Aim to bring 175 GW of renewable energy by 2022: Piyush Goyal

    Aim to bring 175 GW of renewable energy by 2022: Piyush Goyal   

    The government has floated tenders for 21 GW of solar energy this year, says Minister of Power and Coal Piyush Goyal, adding that so far 10,000 contracts have been awarded on public private partnerships.

    20 Apr 2016, 4.21 pm  |  Source: CNBC-TV18

  • WTO ruling on solar power: India to raise issue at UN event

    WTO ruling on solar power: India to raise issue at UN event  

    During a recent meeting of BASIC countries - Brazil, South Africa, India and China - held in New Delhi, China had come out in support of India's decision to file an appeal against the WTO ruling.

    20 Apr 2016, 3.48 pm  |  Source: PTI

  • Telangana`s share in irrigation investment doubles to 12%

    Telangana's share in irrigation investment doubles to 12%  

    Andhra Pradesh attracted around 11 percent investment from both public and private sources across India in the decade, the Assocham's 'Irrigation investment in India: State level experience' study said.

    20 Apr 2016, 3.38 pm  |  Source: PTI

  • Govt targets giving contracts for 25,000 km roads in FY17

    Govt targets giving contracts for 25,000 km roads in FY17  

    The construction target has also been increased 2.5 times to 16,000 km for the fiscal, translating into building over 40 km of highways a day.

    20 Apr 2016, 3.12 pm  |  Source: PTI

  • Won`t be euphoric if India is fastest growing large eco: Rajan

    Won't be euphoric if India is fastest growing large eco: Rajan   

    "As a central banker who has to be pragmatic, I cannot get euphoric if India is the fastest growing large economy," Rajan said in a speech to banking and finance students at an institute in Pune.

    20 Apr 2016, 1.34 pm  |  Source: Reuters

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