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Economy

  • Demonetisation: Can`t say who took decision; no info on illegal A/cs, says RBI

    Demonetisation: Can't say who took decision; no info on illegal A/cs, says RBI  

    "The information sought relates to sensitive matters pertaining to discontinuation/ withdrawal of bank notes. The information is exempt from disclosure under section 8(1) (a) of RTI Act, 2005," the central bank said responding to ...

    06 Feb 2017, 1.58 pm  |  Source: Firstpost.com

  • Long-term capital gains tax: Clarity awaited on transactions

    Long-term capital gains tax: Clarity awaited on transactions  

    While the industry perceives the move as a partial relief, it is not yet clear as to what are the list of transactions that will be exempt. A separate circular on this aspect is expected.

    06 Feb 2017, 12.47 pm  |  Source: Moneycontrol.com

  • No minimum import price extension for 19 products: Steel secy

    No minimum import price extension for 19 products: Steel secy  

    Minimum import prices are short-term emergency measures while anti-dumping duty is a long-term measure, she said, adding that she expects to see steel prices stabilising from the current levels.

    06 Feb 2017, 10.30 am  |  Source: Reuters

  • Green nod to modernise Upper Krishna Project at Rs 3,710 cr

    Green nod to modernise Upper Krishna Project at Rs 3,710 cr  

    Presently, UKIP is irrigating 6,22,000 hectares of command area, providing irrigation facility to desert areas of Bijapur district and drought-prone areas of Bagalkot, Gulbarga, Yadagir and Raichur districts in northern Karnataka.

    06 Feb 2017, 8.56 am  |  Source: PTI

  • How Budget 2017 promises to shake up India`s capital market

    How Budget 2017 promises to shake up India's capital market  

    In last week's federal Budget, Finance Minister Arun Jaitley set a 725 billion rupees (USD 10.76 billion) target for divestment in the 12 months from April 1, up from a revised 455 billion rupees goal in the current fiscal year.

    06 Feb 2017, 8.19 am  |  Source: Reuters

  • RBI likely to maintain status quo on February 8

    RBI likely to maintain status quo on February 8  

    However, with services sector contracting for the third straight month in January, there are hopes that the central bank will be accommodative in its monetary policy.

    06 Feb 2017, 8.04 am  |  Source: PTI

  • Assocham wants RBI to nudge banks to pass on cuts to customers

    Assocham wants RBI to nudge banks to pass on cuts to customers  

    As the RBI Monetary Policy Committee meets on February 7-8 for next bi-monthly credit policy, Assocham has impressed upon the central bank and the Finance Ministry "to ensure adequate transmission of cuts in the interest rates".

    06 Feb 2017, 8.04 am  |  Source: PTI

  • Vadodara working hard to realise PM Modi`s dreams: Vijay Rupani

    Vadodara working hard to realise PM Modi's dreams: Vijay Rupani  

    Rupani was speaking after flagging off marathon in Vadodara which highlighted the message for promotion of cashless and digital transactions.

    06 Feb 2017, 7.42 am  |  Source: PTI

  • Dattatreya asks T`gana govt to fast-track Hyderabad Metro proj

    Dattatreya asks T'gana govt to fast-track Hyderabad Metro proj  

    "Works on the Nagole-Mettuguda stretch and Miyapur-SR Nagar stretch of HMR was completed and the works to connect Secunderabad and towards Begumpet should be completed at the earliest and it should be thrown open to public soon," ...

    06 Feb 2017, 7.42 am  |  Source: PTI

  • Gujarat: Suresh Prabhu lays foundation stone for railway projs

    Gujarat: Suresh Prabhu lays foundation stone for railway projs  

    Among the projects for which he laid the foundation stone include gauge conversion of Dhasa-Jetalsar section of Bhavnagar division of Western Railways, construction of 35 road under bridges across Gujarat and infrastructure facili...

    06 Feb 2017, 7.42 am  |  Source: PTI

  • Cap on cash donations: Former CECs say more can be done

    Cap on cash donations: Former CECs say more can be done  

    The cap of Rs 2,000 per person on cash donations to political parties is a welcome move but the provisions can be made more stringent as parties can still find ways to bypass laws aimed at cleansing electoral system of black money...

    05 Feb 2017, 2.40 pm  |  Source: PTI

  • Vehicle scrap policy to go to GST Council post Cab nod:Gadkari

    Vehicle scrap policy to go to GST Council post Cab nod:Gadkari  

    Government is keen on implementing vehicle policy that aims at scrapping 15-year old commercial vehicles in the first phase, and it will send the proposal to GST Council after Cabinet nod, Union Minister Nitin Gadkari said.

    05 Feb 2017, 12.58 pm  |  Source: PTI

  • Hemmed in by NPAs, poor demand, Exim Bank stares at muted year

    Hemmed in by NPAs, poor demand, Exim Bank stares at muted year  

    Hit by increase in non-performing assets and subdued global demand, the national export finance institution Exim Bank is looking at a muted growth of 5-7 percent for the current financial year.

    05 Feb 2017, 12.58 pm  |  Source: PTI

  • Rating agencies several notches behind India`s reality: Das

    Rating agencies several notches behind India's reality: Das  

    Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several step...

    05 Feb 2017, 11.58 am  |  Source: PTI

  • Tax dept scans 1-cr accounts under `Operation Clean Money`

    Tax dept scans 1-cr accounts under 'Operation Clean Money'  

    In a bid to clamp down on unaccounted money funnelled into bank accounts post demonetisation, the tax department has scrutinised and matched as many as 1-crore accounts and asked 18 lakh people to explain the source of fund.

    05 Feb 2017, 11.58 am  |  Source: PTI

  • RBI may hold rates this year after 25 bps cut next week: Nomura

    RBI may hold rates this year after 25 bps cut next week: Nomura  

    The Budget is positive for the medium-term inflation outlook which may lead to a 25 bps rate cut at the monetary policy meet next week, but RBI is expected to keep it on hold for the whole of 2017, says a report.

    05 Feb 2017, 11.58 am  |  Source: PTI

  • Penalty of equal amount for receiving cash over Rs 3 lakh: Adhia

    Penalty of equal amount for receiving cash over Rs 3 lakh: Adhia  

    In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of Rs 3 lakh, beginning April 1, to settle any transaction.

    05 Feb 2017, 11.58 am  |  Source: PTI

  • FIPB phase out mechanism to be ready in couple of months: Das

    FIPB phase out mechanism to be ready in couple of months: Das  

    In another two months, the government hopes to put in place a new mechanism to replace the existing Foreign Investment Promotion Board (FIPB), which will further improve ease of doing business, Economic Affairs Secretary Shaktikan...

    05 Feb 2017, 11.58 am  |  Source: PTI

  • Capital infusion in PSU banks after Q3 numbers

    Capital infusion in PSU banks after Q3 numbers  

    Government will finalise the second and final tranche of capital infusion for public sector banks (PSBs) for 2016-17 once all of them have declared results for the third quarter of the current financial year, a senior Finance Mini...

    05 Feb 2017, 11.58 am  |  Source: PTI

  • Demonetisation has affected normal life: Chidambaram

    Demonetisation has affected normal life: Chidambaram  

    The demonetisation of high value currency notes to address the problem of black money has had an adverse impact on majority of the population in the country, former Union minister P Chidambaram has said.

    05 Feb 2017, 11.58 am  |  Source: PTI

  • Implementation of smart cities project has been shallow: Premji

    Implementation of smart cities project has been shallow: Premji  

    Wipro chief Azim Premji said that despite catching the prime minister's attention, the project had not gathered much steam since it was announced in June 2015.

    04 Feb 2017, 5.00 pm  |  Source: PTI

  • Candidates find ways to fudge resume, but recruiters vigilant

    Candidates find ways to fudge resume, but recruiters vigilant  

    According to Q3 2016 trends report from global background verification firm First Advantage, the discrepancy trend was consistent in both employment and education component across zones in the second and third quarter of 2016

    04 Feb 2017, 1.33 pm  |  Source: Moneycontrol.com

  • Division of family trust may also fall under capital gains ambit

    Division of family trust may also fall under capital gains ambit  

    The finance minister in his budget speech said they propose to make a number of changes in the capital gain taxation provisions in respect of land and building.

    04 Feb 2017, 12.44 pm  |  Source: Moneycontrol.com

  • Economy to grow more than 7% next fiscal: Shaktikanta Das

    Economy to grow more than 7% next fiscal: Shaktikanta Das  

    Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal.

    04 Feb 2017, 12.16 pm  |  Source: PTI

  • `Defence deals of Rs 72K cr inked with local vendors in 2 yrs`

    'Defence deals of Rs 72K cr inked with local vendors in 2 yrs'  

    As many as 73 defence deals amounting to Rs 72,303 crore were signed with local vendors in the past two years in line with the NDA government's flagship "Make in India" programme, Lok Sabha was informed today.

    04 Feb 2017, 9.34 am  |  Source: PTI

  • Atal Pension Yojana: HP govt to contribute Rs 1000 per person

    Atal Pension Yojana: HP govt to contribute Rs 1000 per person  

    The Himachal Pradesh government has decided to contribute up to Rs 1,000 for each beneficiary of Atal Pension Yojana Account.

    04 Feb 2017, 9.34 am  |  Source: PTI

  • Wheat, pulses register record sowing this Rabi season: Govt

    Wheat, pulses register record sowing this Rabi season: Govt  

    Sowing area under wheat and pulses have touched record 317.81 lakh hectares and 159.72 lakh hectares, respectively, so far in the ongoing rabi (winter- sown) season on good monsoon and higher support price.

    03 Feb 2017, 10.20 pm  |  Source: PTI

  • Multi modal hubs, mass rapid electric transport soon: Gadkari

    Multi modal hubs, mass rapid electric transport soon: Gadkari  

    After award of a record Rs 4.5 lakh crore contracts in the highways sector, a multi-modal transport planning comprising airports, railways, bus stations and waterways will be implemented in a big way, Union Minister Nitin Gadkari ...

    03 Feb 2017, 10.14 pm  |  Source: PTI

  • Sanjeev Sanyal appointed India’s Principal Economic Advisor

    Sanjeev Sanyal appointed India’s Principal Economic Advisor  

    A notification by the department of personnel and training (DoPT) on Friday said Sanyal has been appointed on contract for a three-year period from the date of assumption of charge of the post or until further orders.

    03 Feb 2017, 8.20 pm  |  Source: Moneycontrol.com

  • Amid muted growth, RBI may go for 25 bps repo rate cut: Experts

    Amid muted growth, RBI may go for 25 bps repo rate cut: Experts   

    Ahead of the Reserve Bank of India (RBI) meeting on February 8, the question doing the rounds is whether the Central Bank will cut rates or hold its decision to do so in the meet next week. Economist Pronab Sen said that growth wi...

    03 Feb 2017, 8.19 pm  |  Source: CNBC-TV18

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