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Economy

  • Ease of doing biz ranking: Govt gives presentation to WB team

    Ease of doing biz ranking: Govt gives presentation to WB team  

    Officials from ministries including finance, commerce and industry and law informed about the reform measures which have been taken during June 2015 to May this year.

    19 Jul 2016, 9.16 am  |  Source: PTI

  • RBI creating registry of banking correspondents: Raghuram Rajan

    RBI creating registry of banking correspondents: Raghuram Rajan  

    "Cash-in-cash-out points will expand soon as the Postal Payment Bank and telecom affiliated payment banks make post offices and telephone kiosks entry points into the financial system," Rajan said at a seminar at the National Inst...

    19 Jul 2016, 9.14 am  |  Source: PTI

  • India, US agree to enhance cooperation in maritime sector

    India, US agree to enhance cooperation in maritime sector  

    During his meeting with officials, Gadkari explored joint venture opportunities with India's flagship container handling Jawaharlal Nehru Port (JNPT) to promote transfer of technology and enhance bilateral commerce.

    19 Jul 2016, 8.38 am  |  Source: PTI

  • Govt to work for consensus for passage of GST bill: PM

    Govt to work for consensus for passage of GST bill: PM  

    At a meeting of NDA constituents, he said the government will talk to all parties and seek to build a consensus for its passage.

    18 Jul 2016, 10.32 pm  |  Source: PTI

  • Over 8% growth rate `imminently doable` for 10 yrs: CEA

    Over 8% growth rate 'imminently doable' for 10 yrs: CEA  

    The Indian economy can register a growth rate of more than 8 per cent for the next 10 years, if global economic environment turns supportive, Chief Economic Advisor (CEA) Arvind Subramanian said today.

    18 Jul 2016, 10.04 pm  |  Source: PTI

  • Fitch Affirms India ratings; sees economy growing at 7.7%

    Fitch Affirms India ratings; sees economy growing at 7.7%  

    Exhibiting one of the highest real gross domestic product (GDP) growth rates in the sovereigns space, India’s economy is expected to slightly accelerate to 7.7 percent in FY17 and 7.9 percent in FY18, says the report.

    18 Jul 2016, 9.37 pm  |  Source: Moneycontrol.com

  • A digital India to give financiers a $600 bn facelift

    A digital India to give financiers a $600 bn facelift  

    A report by Credit Suisse estimates the digital transformation to give Indian financiers access to market capitalisation of nearly USD 600 billion. In particular, private banks, non-banking financial companies (NBFCs) and fin-tech...

    18 Jul 2016, 9.35 pm  |  Source: Moneycontrol.com

  • ADB says developing Asian economies to grow 5.6 pc in 2016

    ADB says developing Asian economies to grow 5.6 pc in 2016  

    The Manila-based lender's report said the growth forecast for 2017 of 5.7 percent made in March remains unchanged.

    18 Jul 2016, 8.42 pm  |  Source: PTI

  • RBI to make funds transfer via smartphones easier

    RBI to make funds transfer via smartphones easier  

    Speaking at the IDRBT Banking Technology Excellence Awards function, RBI Governor Raghuram Rajan also made a case for tax benefits to merchants for promoting digital transactions.

    18 Jul 2016, 6.48 pm  |  Source: PTI

  • High WPI to boost toll road revenues for FY18: ICRA

    High WPI to boost toll road revenues for FY18: ICRA  

    The toll fees are revised annually to adjust for inflation, as determined by the movement in the WPI, which links the revenues of toll road special purpose vehicles (SPVs) to movements in the WPI.

    18 Jul 2016, 6.36 pm  |  Source: PTI

  • Bihar govt may withdraw incentives to new industries: Sushil

    Bihar govt may withdraw incentives to new industries: Sushil  

    The state government is likely to reduce to 100 percent in place of existing 300 percent as compensation on VAT for execution of proposed industrial units in Bihar, the approval for which has already been given, he claimed in a st...

    18 Jul 2016, 6.12 pm  |  Source: PTI

  • Inflation hits rural India more than urban folks: Crisil

    Inflation hits rural India more than urban folks: Crisil  

    The report states that in the last 24 months to June 2016, while urban inflation fell from 9 percent to 5.3 percent (compared with the two years prior), rural inflation declined from 10.1 percent to 6.2 percent.

    18 Jul 2016, 4.46 pm  |  Source: Moneycontrol.com

  • Morgan Stanley revises up India`s growth estimate to 7.7%

    Morgan Stanley revises up India's growth estimate to 7.7%  

    According to the global financial services major, the growth recovery is becoming more broad-based, driven by public capex, FDI and consumption.

    18 Jul 2016, 4.18 pm  |  Source: PTI

  • Banks, FIs provide over Rs 78,000 cr for clean energy projects

    Banks, FIs provide over Rs 78,000 cr for clean energy projects  

    Overall, as many as 23 public sector and 7 private sector banks as well as 4 public sector and 2 private sector non-banking financing companies (NBFCs) have committed for financing renewable energy projects of 76,350 MW in the cou...

    18 Jul 2016, 3.56 pm  |  Source: PTI

  • Gold import nearly halves to $3.90 bn in April-June

    Gold import nearly halves to $3.90 bn in April-June  

    The sliding prices of the precious metal in both global and domestic markets are seen as a contributory factor for the plunge.

    18 Jul 2016, 3.50 pm  |  Source: PTI

  • India doubles down on solar parks after SunEdison setback

    India doubles down on solar parks after SunEdison setback  

    The solar parks are sought after by companies because the Indian government acquires land for the installations and sets up transmission lines, major attractions in a country notorious for red tape and public opposition to land tr...

    18 Jul 2016, 3.46 pm  |  Source: Reuters

  • Centre has released Rs 28,022 cr under MGNREGA this year

    Centre has released Rs 28,022 cr under MGNREGA this year  

    Under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), funds are released to the states on the basis of agreed to labour budget and performance of the states.

    18 Jul 2016, 3.46 pm  |  Source: PTI

  • Govt releases Rs 100 cr towards co-contribution in APY

    Govt releases Rs 100 cr towards co-contribution in APY  

    Under the scheme, individuals who have registered before March 31, 2016, will get a co-contribution from the government, which will be 50 per cent of the subscriber contribution up to a maximum of Rs 1,000. The co-contribution wil...

    18 Jul 2016, 3.32 pm  |  Source: PTI

  • GIFT City attracts global IT-ITeS firms

    GIFT City attracts global IT-ITeS firms  

    "World class infrastructure development at GIFT City coupled with Gujarat Government's favorable IT/ITes (information technology and Information technology enabled Services) policy generating interest from such firms," GIFT City s...

    18 Jul 2016, 3.30 pm  |  Source: PTI

  • Govt to increase shipping share in cargo mix to 10% by 2020

    Govt to increase shipping share in cargo mix to 10% by 2020  

    "The government envisions increasing the share of coastal shipping in modal cargo mix to 10 percent by 2020 from the current share so as to reduce the over-dependence on road and rail sectors for domestic cargo transportation," Mi...

    18 Jul 2016, 3.30 pm  |  Source: PTI

  • Textile body seeks reforms in CCI

    Textile body seeks reforms in CCI  

    Since the directive will give a boost to "Make in India", a fresh study should be carried out to know how the domestic textile industry can use CCI for its benefit and bring in reforms to suit today's changing global environment, ...

    18 Jul 2016, 3.18 pm  |  Source: PTI

  • `Govt committed to complete rural road projects by 2019`

    'Govt committed to complete rural road projects by 2019'  

    The scheme was envisaged during the previous NDA government led by Atal Bihari Vajpayee but the progress slowed down as the UPA government reduced its funding, Minister of State for Rural Development Ram Kirpal Yadav said, adding ...

    18 Jul 2016, 2.54 pm  |  Source: PTI

  • Financial inclusion necessary for sustainable growth: Rajan

    Financial inclusion necessary for sustainable growth: Rajan  

    Observing that bankers usually focus on large borrowers with bottomline in mind, the governor said Aadhaar Enabled Payment System will go a long way in taking financial services to the underserved.

    18 Jul 2016, 2.50 pm  |  Source: PTI

  • Coal imports likely to decline to 160 MT in FY`17

    Coal imports likely to decline to 160 MT in FY'17  

    "The trend of fall in import of coal has continued in 2016-17 wherein for the period April-May 2016-17, coal imports have reduced by around 5 percent as compared to the corresponding period of the previous year.

    18 Jul 2016, 2.50 pm  |  Source: PTI

  • Gold Bond Scheme`s 4th tranche opens today

    Gold Bond Scheme's 4th tranche opens today   

    The first 3 tranches had attracted an investment of Rs 1,318 crore, equivalent to 4.9 tonne of gold at the prices prevailing at those times. With the added features, it is expected that the 4th tranche of SGB would garner much hig...

    18 Jul 2016, 2.20 pm  |  Source: PTI

  • Post passage, GST may run into these problems: Experts

    Post passage, GST may run into these problems: Experts   

    The Monsoon Session of Parliament convenes today and experts are convinced that after being in the works for close to 10 years, the ambitious Goods and Services Tax (GST) is as good as passed.

    18 Jul 2016, 11.37 am  |  Source: CNBC-TV18

  • Modi reaches out to oppn, seeks support in passing crucial bills

    Modi reaches out to oppn, seeks support in passing crucial bills   

    "Spoke to all parties over the past days, everyone is in the mood to further development. Hope Monsoon Session observes high standards of discussions and important decisions are made," Modi said.

    18 Jul 2016, 11.09 am  |  Source: NEWS18.com

  • Turkmenistan abolishes agencies managing key gas industry

    Turkmenistan abolishes agencies managing key gas industry  

    The government newspaper Neutral Turkmenistan today said President Gurbanguly Berdymukhamedov had ordered the disbanding of the Ministry of Oil and Gas and the State Agency For Managing Hydrocarbon Resources.

    18 Jul 2016, 10.56 am  |  Source: PTI

  • Govt, Oppn must join hands for GST breakthrough: Assocham

    Govt, Oppn must join hands for GST breakthrough: Assocham  

    "At this point, when macroeconomic risks like rebound in inflation and continuing slowdown in industrial growth along with global geo-political headwinds are rising, the passage of the GST Bill can be a strong anti-dote to any suc...

    18 Jul 2016, 10.56 am  |  Source: PTI

  • Bring your innovations to India: Gadkari to IT professionals

    Bring your innovations to India: Gadkari to IT professionals  

    Speaking at the Global Indian Technology Professionals Association (GITPRO), Gadkari invited Indian professionals to bring their innovations and technologies to India in key sectors of the economy, particularly in the infrastructu...

    18 Jul 2016, 10.56 am  |  Source: PTI

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