Economy

  • Cabinet may approve new coal linkage policy next week: Sources

    Cabinet may approve new coal linkage policy next week: Sources   

    Power companies not having coal linkage may benefit from the new policy and companies with power purchase agreement (PPA) will be given preference for coal allocation.

    07 Mar 2017, 10.39 am  |  Source: CNBC-TV18

  • Rs 4,430 cr spent under MGNREGA in current FY: Raj govt

    Rs 4,430 cr spent under MGNREGA in current FY: Raj govt  

    Replying to a question during the Question Hour, the minister said the state ranks fourth in the country in payment to labourers.

    07 Mar 2017, 10.38 am  |  Source: PTI

  • Curtains for FIPB soon as govt to ready new system in 2-3 weeks

    Curtains for FIPB soon as govt to ready new system in 2-3 weeks  

    FM Arun Jaitley had announced in the budget for 2017-18 the government’s intent to replace FIPB with a new system to ease FDI rules and remove procedural delays

    07 Mar 2017, 10.37 am  |  Source: Moneycontrol.com

  • Exempt low-cost housing from service tax under GST: Naidu

    Exempt low-cost housing from service tax under GST: Naidu  

    Naidu, who is also the Minister of Housing and Urban Poverty Alleviation, also asked states to waive stamp duty for affordable housing projects and rationalise it for others.

    07 Mar 2017, 10.34 am  |  Source: PTI

  • Maharashtra Govt to double farmer income in 5 years: Governor

    Maharashtra Govt to double farmer income in 5 years: Governor  

    "These measures are directed at mitigating agrarian distress and increasing agriculture productivity. They will also contribute in doubling of farmer income in the next five years," the Governor told the members of both Houses.

    07 Mar 2017, 10.34 am  |  Source: PTI

  • KKNPP unit 2 likely to start commercial ops from April

    KKNPP unit 2 likely to start commercial ops from April  

    The second unit with the Russian-designed VVER-1000 reactor was synchronised with the southern grid on August 29 last year and has already reached 100 per cent operating capacity.

    07 Mar 2017, 10.34 am  |  Source: PTI

  • Economy has improved after demonetisation: Muralidhara Rao

    Economy has improved after demonetisation: Muralidhara Rao  

    "Country's economy did not experience a slow as predicted by economists following demonetisation. The economy has improved and government revenues increased after demonetisation," Rao told reporters here.

    07 Mar 2017, 10.32 am  |  Source: PTI

  • Fertiliser demand may grow by 3% in next 2 years: Report

    Fertiliser demand may grow by 3% in next 2 years: Report  

    The report said fertiliser usage, which is closely linked to the core production part of agriculture value chain, would thus witness higher demand and in light of these favourable scenarios, the demand is expected to rise by an av...

    07 Mar 2017, 10.02 am  |  Source: PTI

  • Note ban impact on GDP may be seen this quarter: RBI

    Note ban impact on GDP may be seen this quarter: RBI  

    "Ultimately, the cash shortage is like the liquidity shock and unless it had led to a substantial wealth destruction one would expect its effects to be quite temporary. I'm not saying that the temporary impact is not hard on some ...

    07 Mar 2017, 10.02 am  |  Source: PTI

  • `India needs to invest in agri for doubling farm income`

    'India needs to invest in agri for doubling farm income'  

    "The doubling of farmers' income is possible if sufficient investment is made in modernisation, diversification and high value addition in Indian agriculture," Ney said at an event here on financing for agriculture.

    07 Mar 2017, 10.02 am  |  Source: PTI

  • Govt revises cost of Koteshwar Hydro project at Rs 2,717.35 cr

    Govt revises cost of Koteshwar Hydro project at Rs 2,717.35 cr  

    "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the revised cost estimate-I of 400 MW Koteshwar Hydro Electric Project (HEP) in Uttarakhand at an estimated completion cost of Rs 2,...

    07 Mar 2017, 10.02 am  |  Source: PTI

  • Cabinet okays pact on clean energy with Portugal

    Cabinet okays pact on clean energy with Portugal  

    "The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval for signing of a MoU on Renewable Energy between India and Portugal. The MoU was signed on January 6, 2017 in New Delhi," an official ...

    07 Mar 2017, 10.02 am  |  Source: PTI

  • Soymeal exports to climb to 2 mn tonnes in 2016/17: Officials

    Soymeal exports to climb to 2 mn tonnes in 2016/17: Officials  

    India's soybean production, harvested in October 2016, rose to 11.5 million tonnes, compared with 7 million tonnes a year ago, the biggest annual increase in more than a decade.

    07 Mar 2017, 9.58 am  |  Source: Reuters

  • India announces new hydrocarbon exploration licensing policy

    India announces new hydrocarbon exploration licensing policy  

    Christened "Hydrocarbon Exploration Licensing Policy" or HELP, the new policy also gives the investors the much needed freedom in pricing and marketing for crude oil and natural gas.

    07 Mar 2017, 9.20 am  |  Source: PTI

  • India looks for right prices to boost LNG, crude imports from US

    India looks for right prices to boost LNG, crude imports from US  

    India's state-run company GAIL Ltd signed a swap deal with trader Gunvor to sell some of its US LNG as the firm tries to cut costs for price-sensitive customers after a sharp fall in Asian spot prices made its US gas unattractive,...

    07 Mar 2017, 8.07 am  |  Source: Reuters

  • `India favours integrated companies but against monopoly`

    'India favours integrated companies but against monopoly'  

    "The kind of robust market that is emerging in India... We have segmented companies. Now we want to create integrated companies. Certainly, I can assure one thing that there will be multi entity. We will have mixed basket," Pradha...

    07 Mar 2017, 7.42 am  |  Source: PTI

  • Consultation with govt no encroachment on RBI autonomy: Thorat

    Consultation with govt no encroachment on RBI autonomy: Thorat  

    Former Reserve Bank Deputy Governor Usha Thorat today said any consultation between the Government and RBI should not be construed as an infringement on the latter's autonomy.

    06 Mar 2017, 10.08 pm  |  Source: PTI

  • Govt okays Rs 4,500 cr project to revive 50 airports,airstrips

    Govt okays Rs 4,500 cr project to revive 50 airports,airstrips  

    The Cabinet today approved a proposal to revive 50 unserved and under-served airports as well as airstrips at an estimated cost of Rs 4,500 crore.

    06 Mar 2017, 9.54 pm  |  Source: PTI

  • Exempt special economic zones from GST levies: EPCES

    Exempt special economic zones from GST levies: EPCES  

    The Export Promotion Council for EOUs and SEZs (EPCES) today urged the government to exempt special economic zones from Goods and Services Tax (GST) levies.

    06 Mar 2017, 9.42 pm  |  Source: PTI

  • Power production rises by 6.25% in Apr-Jan

    Power production rises by 6.25% in Apr-Jan  

    Power generation from conventional and renewable sources increased by 6.25 percent to 1,038.90 billion units (BUs) in the April-January period of current fiscal compared to the year-ago period.

    06 Mar 2017, 9.00 pm  |  Source: PTI

  • RBI expects currency situation to normalise in next 2-3 months

    RBI expects currency situation to normalise in next 2-3 months  

    Remonetisation is taking place at a very fast pace and currency situation will normalise in the next 2-3 months, RBI Deputy Governor Viral Acharya said on Monday.

    06 Mar 2017, 7.39 pm  |  Source: Moneycontrol.com

  • All government schemes to have sunset clause: Finance Ministry

    All government schemes to have sunset clause: Finance Ministry  

    All government schemes should have a sunset clause and must be co-terminus with the tenure of Finance Commission, which is constituted every five years, the Finance Ministry said today.

    06 Mar 2017, 7.38 pm  |  Source: PTI

  • `70% want charges imposed on cash transactions to be removed`

    '70% want charges imposed on cash transactions to be removed'  

    The recent changes made by private banks around charges being imposed on cash transaction have been met with opposition from consumers, with 70 percent saying that these levies should be removed, a survey said.

    06 Mar 2017, 7.00 pm  |  Source: PTI

  • Vijay Mallya`s Kingfisher House remains unsold again

    Vijay Mallya's Kingfisher House remains unsold again  

    Bankers to the defunct Kingfisher Airlines have, for the fourth time, failed to find any takers for the Kingfisher House and third unsuccessful attempt to auction the Kingfisher Villa in Goa.

    06 Mar 2017, 6.05 pm  |  Source: Moneycontrol.com

  • Govt to consider 5 proposals for setting up new SEZs on Mar 8

    Govt to consider 5 proposals for setting up new SEZs on Mar 8  

    The Commerce Ministry will consider five proposals of SEZ developers, including Oracle India and L&T Construction Equipment, for setting up new Special Economic Zones on March 8.

    06 Mar 2017, 4.32 pm  |  Source: PTI

  • Meghwal to highlight devolution system at conference in Kenya

    Meghwal to highlight devolution system at conference in Kenya  

    Meghwal has been asked by Prime Minister Narendra Modi to represent India at the conference, an official statement today said.

    06 Mar 2017, 4.10 pm  |  Source: PTI

  • Govt actively studying proposal for FDI in non-food items

    Govt actively studying proposal for FDI in non-food items  

    An indication to this effect was given by Union Food Processing Minister Harsimrat Kaur Badal after her meeting with ministers from different states to chalk out plans for the 3-day event starting November 3.

    06 Mar 2017, 4.10 pm  |  Source: PTI

  • Govt to finalise food processing policy by November: Badal

    Govt to finalise food processing policy by November: Badal  

    Draft food processing policy unveiled; policy aims to position India as the most preferred investment destination for agribusiness and food processing with focus on reducing wastage and ensuring better prices for farmers

    06 Mar 2017, 3.47 pm  |  Source: Moneycontrol.com

  • India seen importing 2-3mn tonnes of wheat in 2017/18:Chaturvedi

    India seen importing 2-3mn tonnes of wheat in 2017/18:Chaturvedi  

    India is expected to produce about 95 million tonnes of wheat from the upcoming harvest, Adani Agribusiness chief Atul Chaturvedi told Reuters in an interview, up from last year's 85 million tonnes estimated by traders.

    06 Mar 2017, 2.28 pm  |  Source: Reuters

  • Govt may unveil IIP, WPI with 2011-12 base year by April-end

    Govt may unveil IIP, WPI with 2011-12 base year by April-end  

    The change in the baseline for IIP and WPI, currently at 2004-05, is expected to bring in more accuracy in mapping the level of economic activity and calculating other numbers like national accounts.

    06 Mar 2017, 1.36 pm  |  Source: PTI

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