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Economy

  • Centre gives fresh green nod to Mumbai Trans Harbour Link proj

    Centre gives fresh green nod to Mumbai Trans Harbour Link proj  

    The decision follows a National Green Tribunal (NGT)'s October order that had set aside the Environment Ministry's prior coastal clearance of 2013 to the project and asked it look into the proposal afresh.

    26 Jan 2016, 3.46 pm  |  Source: PTI

  • Nomura sees 0.25% rate cut in April

    Nomura sees 0.25% rate cut in April  

    "Despite the uptick in the latest CPI print, inflation is well below the RBI's 6 percent target (January 2016), core CPI inflation is steady around 5 percent, oil prices have fallen sharply (-35 percent y-o-y) and exports are cont...

    26 Jan 2016, 3.42 pm  |  Source: PTI

  • Finance ministry seeks banks` view on more capital infusion

    Finance ministry seeks banks' view on more capital infusion  

    Some banks have already made their presentations to the North Block and the remaining are being called in now. The Indradhanush plan envisages Rs 70,000 crore of capital infusion over the next four years.

    26 Jan 2016, 2.14 pm  |  Source: PTI

  • MMTC invites bid for import of 5,000 tonnes tur dal

    MMTC invites bid for import of 5,000 tonnes tur dal  

    This is the second tender floated by state-owned MMTC this month. The earlier one was for import of a similar quantity of tur for delivery in February-March.

    26 Jan 2016, 2.05 pm  |  Source: PTI

  • Govt mulls coastal economic zones to boost manufacturing

    Govt mulls coastal economic zones to boost manufacturing  

    "There is a thinking in the government that there should be a port-led development as was done in China where cities were granted special status of open coastal cities. These cities enjoyed special policies of the government," a s...

    26 Jan 2016, 2.02 pm  |  Source: PTI

  • Wider deficits carry risks of delay to rating upgrades: DBS

    Wider deficits carry risks of delay to rating upgrades: DBS  

    According to a report by the financial services major, risks are that the FY2016-17 target is adjusted higher to 3.7 percent of GDP (as against the roadmap of 3.5 percent).

    26 Jan 2016, 2.00 pm  |  Source: PTI

  • India taking `baby steps` towards economic recovery: D&B

    India taking 'baby steps' towards economic recovery: D&B  

    According to the report, there have been some positive changes in momentum in certain segments within the economy, but some areas of concern remain.

    26 Jan 2016, 1.55 pm  |  Source: PTI

  • Domestic paper cos seek import duty cut on key raw materials

    Domestic paper cos seek import duty cut on key raw materials  

    Besides, Indian Paper Manufacturers Association (IPMA) has demanded reduction in the excise duty on several varieties of paper and paperboard.

    26 Jan 2016, 1.44 pm  |  Source: PTI

  • PC makers seek differential duty on IT hardware

    PC makers seek differential duty on IT hardware  

    Manufacturers' Association for Information Technology (MAIT) represents leading IT hardware companies like Dell, Lenovo, HP, Acer, Cisco, HCL Infosystems and Intel etc.

    26 Jan 2016, 1.32 pm  |  Source: PTI

  • India bucks global steel output trend in 2015; prod rises 2.6%

    India bucks global steel output trend in 2015; prod rises 2.6%  

    As per Steel Ministry, India is the only country among major steel producing countries which recorded a positive trend in steel production and consumption last year.

    26 Jan 2016, 12.10 pm  |  Source: PTI

  • Net office space leasing drops 44% in Delhi-NCR during 2015

    Net office space leasing drops 44% in Delhi-NCR during 2015  

    According to property consultant Cushman & Wakefield, the total office space leasing increased by 2 per cent in the Delhi-NCR in 2015 at 7.76 million sq ft, but incremental absorption of space by the corporates declined. In 2014, ...

    26 Jan 2016, 12.06 pm  |  Source: PTI

  • Sell-off leaves equity investors poorer by Rs 7.9L cr in Jan

    Sell-off leaves equity investors poorer by Rs 7.9L cr in Jan  

    Overseas investors have pulled out more than Rs 9,900 crore from the Indian equity markets since the beginning of the month due to global growth concerns and sharp dip in oil prices. Sentiment was hit mostly by renewed global sell...

    26 Jan 2016, 11.58 am  |  Source: PTI

  • India less vulnerable to external shocks; CAD seen at 1.4%: S&P

    India less vulnerable to external shocks; CAD seen at 1.4%: S&P  

    The US-based rating agency expects the current account deficit (CAD), which is the difference between inflow and outflow of foreign exchange, to remain at a modest level of 1.4 per cent at the end of current fiscal and would conti...

    26 Jan 2016, 11.52 am  |  Source: PTI

  • Several states plan start up policy to promote entrepreneurs

    Several states plan start up policy to promote entrepreneurs  

    States like Kerala, Tamil Nadu and Karnataka have rolled out their respective policies and more are likely to follow the suit. To promote the 'Startup India' programmme, an official said the Centre would work with the states on "h...

    26 Jan 2016, 11.48 am  |  Source: PTI

  • Job creating potential must for all FIPB proposals: Cabinet Sec

    Job creating potential must for all FIPB proposals: Cabinet Sec  

    The decision is aimed at ensuring jobs for more people in the country and its socio-economic development.

    26 Jan 2016, 11.42 am  |  Source: PTI

  • Mutual funds pump in Rs 5,000 cr in stocks in Jan; FIIs exit

    Mutual funds pump in Rs 5,000 cr in stocks in Jan; FIIs exit  

    In comparison, foreign portfolio investors (FPIs) were net sellers of equities worth Rs 9,963 crore during the same period. However, FPIs were net buyers of equities to the tune of Rs 17,806 crore last year. Before that, they had ...

    26 Jan 2016, 10.30 am  |  Source: PTI

  • Chhattisgarh joins UDAY scheme

    Chhattisgarh joins UDAY scheme  

    "The Government of India, Chhattisgarh and power distribution company CSPDCL signed an MoU under the Ujwal DISCOM Assurance Yojana today for operational and financial turnaround of the CSPDCL," a statement from the Ministry of Pow...

    25 Jan 2016, 8.30 pm  |  Source: PTI

  • E-filings of ITR surge 27% to 3.09 crore during Apr-Dec

    E-filings of ITR surge 27% to 3.09 crore during Apr-Dec  

    The new e-filing system, operationalised last year, allows online verification of a person's ITR (Income Tax Return), thereby ending the practice of sending paper acknowledgment to the Centralised Processing Centre (CPC) of the IT...

    25 Jan 2016, 7.38 pm  |  Source: PTI

  • India, France for early resumption of India-EU FTA talks

    India, France for early resumption of India-EU FTA talks  

    India and France today expressed "strong commitment" for early resumption of stalled negotiations for the proposed free trade agreement between India and the European Union.

    25 Jan 2016, 7.04 pm  |  Source: PTI

  • GST impact: Insurance policies could become costlier

    GST impact: Insurance policies could become costlier   

    Decoding the benefits of goods & services (GST) tax for insurance sector, Bipin Sapra, Partner – Tax & Regulatory Services-Indirect Tax, EY says there is likelihood of insurance policies becoming costlier if GST is implemented.

    25 Jan 2016, 5.40 pm  |  Source: CNBC-TV18

  • Corporate tax rate cut may lead to loss in tax rev: Prof Piketty

    Corporate tax rate cut may lead to loss in tax rev: Prof Piketty   

    French economist Thomas Piketty whose book 'Capital In The 21st Century' has sold over 2 million copies warned that the Indian government's decision to cut corporate tax rate to 25% from 30% could be dangerous for India in the lon...

    25 Jan 2016, 5.40 pm  |  Source: CNBC-TV18

  • Insurance sector may get over Rs 12,000 cr FDI in 2016: Assocham

    Insurance sector may get over Rs 12,000 cr FDI in 2016: Assocham  

    "More than Rs 12,000 crore is set to flow in the insurance sector comprising both life and non-life during 2016. Besides, re-insurance sector would also see some fund flow as it too has got a leg-up through the amended Act," Assoc...

    25 Jan 2016, 3.59 pm  |  Source: PTI

  • Govt looking at Shome panel report to simplify tax system: FM

    Govt looking at Shome panel report to simplify tax system: FM  

    "The Shome Committee report has given several recommendations which we are at a very advanced stage of looking into. It has suggested certain reforms in tax administration," he said addressing the Platinum Jubilee celebrations of ...

    25 Jan 2016, 3.59 pm  |  Source: PTI

  • Dharmendra Pradhan, Maha CM discuss setting up of oil refinery

    Dharmendra Pradhan, Maha CM discuss setting up of oil refinery  

    Maharashtra consumes about 18 million tonnes of petroleum products every year, which is expected to increase significantly in the coming years.

    25 Jan 2016, 3.13 pm  |  Source: PTI

  • External sector risks have risen since last year: Moody`s poll

    External sector risks have risen since last year: Moody's poll  

    About 75 percent of the market players and investors polled expect India's economic growth to be in the range of 6.5-7.5 percent over the next 12-18 months.

    25 Jan 2016, 11.23 am  |  Source: PTI

  • Budget 2016: A toss between lower fiscal deficit and growth

    Budget 2016: A toss between lower fiscal deficit and growth  

    The upcoming Budget, which will be presented on February 29, will see Finance Minister Arun Jaitley trying to balance pressures from the Pay Commission report, and his promise to lower corporate tax and raise capex

    25 Jan 2016, 9.58 am  |  Source: Moneycontrol.com

  • Coffee production to reach 3,80,600 tonnes in 2015-16

    Coffee production to reach 3,80,600 tonnes in 2015-16  

    "This is a good year for coffee production, which is expected to be 3,80,600 tonnes. Of this, Robusta will be 1 lakh tonnes and rest will be under Arabica," Coffee Board of India Chairman Leena Nair, who was here for the 5-day Ind...

    25 Jan 2016, 9.20 am  |  Source: PTI

  • `Eastern states led by Bengal can be a $3 tn economy by 2035`

    'Eastern states led by Bengal can be a $3 tn economy by 2035'  

    The Eastern states, led by West Bengal, have the potential to become a USD 3 trillion regional economy and account for over a quarter of the national GDP by 2035, says a report.

    24 Jan 2016, 5.56 pm  |  Source: PTI

  • We must add to Indian economy`s credibility, says Jaitley

    We must add to Indian economy's credibility, says Jaitley  

    Urging private sector to give up caution and make investments, Finance Minister Arun Jaitley has said it has become absolutely imperative to add to the credibility of the Indian economy, with the world looking up to the country as...

    24 Jan 2016, 5.37 pm  |  Source: PTI

  • Exports: 15 sectors out of 30 decline in December

    Exports: 15 sectors out of 30 decline in December  

    Exports of half of the sectors out of the 30 closely monitored by the Commerce Ministry were in the negative zone in December due to a fall in global prices and demand.

    24 Jan 2016, 2.21 pm  |  Source: PTI

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