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Economy

  • A look at 2 years of Modi government through eyes of Jaitley

    A look at 2 years of Modi government through eyes of Jaitley   

    Finance Minister Arun Jaitley re-iterates the importance of Goods and Services Tax (GST) for India and lists various advantages for the states from the same.

    16 May 2016, 3.00 pm  |  Source: CNBC-TV18

  • US Special 301 report on IPR a unilateral measure: Nirmala

    US Special 301 report on IPR a unilateral measure: Nirmala  

    These remarks assume significance as the US continues to put India on its 'priority watch list' for intellectual property rights (IPR) through its Special 301 report that was released last month.

    16 May 2016, 2.50 pm  |  Source: PTI

  • India to renegotiate tax treaty with Singapore: Arun Jaitley

    India to renegotiate tax treaty with Singapore: Arun Jaitley  

    India on May 10 amended the 34-year-old tax treaty with Mauritius. After toiling for almost a decade to redraw the treaty, India will begin imposing capital gains tax on investments in shares through Mauritius from April next onwa...

    16 May 2016, 2.26 pm  |  Source: PTI

  • RBI, FinMin share `mature relationship`, says Arun Jaitley

    RBI, FinMin share 'mature relationship', says Arun Jaitley   

    To a question whether Rajan is getting an extension, he quipped "these are not issues which we discuss through the media." Rajan's current three-year term as RBI chief is ending this September.

    16 May 2016, 2.12 pm  |  Source: PTI

  • Corporate India calls for paperless labour law compliance

    Corporate India calls for paperless labour law compliance  

    The petition appeals to the government to move all employers and employees' mandatory filing online over the next 24 months as "mandatory paper filing has neither improved the condition of our labour nor ensured better enforcement...

    16 May 2016, 1.52 pm  |  Source: PTI

  • After 17 months of falling, WPI now in positive zone at 0.34%

    After 17 months of falling, WPI now in positive zone at 0.34%   

    The primary articles index rose by 2.1 percent to 249.3 from 244.1 for the previous month. Prices of egg, fish and wheat were the only falling metrics in this group.

    16 May 2016, 12.38 pm  |  Source: Moneycontrol.com

  • See rising demand for coal from steel, cement sectors: Coal Secy

    See rising demand for coal from steel, cement sectors: Coal Secy   

    Steel sector is on a strong wicket, as the imposition of minimum import price and safeguard duty on imports has boosted industry, says Coal Secretary Anil Swarup.

    16 May 2016, 11.10 am  |  Source: CNBC-TV18

  • Europe should consider relocating excess steel capacity to India

    Europe should consider relocating excess steel capacity to India  

    India plans to almost double annual steel production capacity to 200 million tonnes by 2025, Naveen Jindal told a conference in Beijing. His own firm is planning to raise capacity from 8 million tonnes a year to 15 million tonnes ...

    16 May 2016, 11.07 am  |  Source: Reuters

  • Discounts not needed to lure FIIs: Economic Secy

    Discounts not needed to lure FIIs: Economic Secy   

    Regarding the Know Your Customer norms that investors will have to meet when instruments exchange hands under this tweaked Mauritius treaty, Shaktikanta Das said the guidelines already exist. Sebi has fine-tuned them and made them...

    16 May 2016, 10.46 am  |  Source: CNBC-TV18

  • Bengal assessing situation before declaring drought

    Bengal assessing situation before declaring drought  

    The situation in the several districts, especially Purulia, West Midnapore, Bankura and Burdwan, is "pretty bad", state Agriculture minister Purnendu Basu told PTI.

    16 May 2016, 10.10 am  |  Source: PTI

  • Whole price index seen trending down for April

    Whole price index seen trending down for April   

    Contraction in prices is estimated to be lesser on the back of hardening food inflation, reports CNBC-TV18. The WPI numbers will come at noon.

    16 May 2016, 8.46 am  |  Source: CNBC-TV18

  • Monsoon may get delayed by a week; temperatures to soar: MET

    Monsoon may get delayed by a week; temperatures to soar: MET   

    The Met department unveiled its first monsoon forecast for 2016, saying that the onset of monsoon over Kerala is likely to be delayed by six days beyond its scheduled date of June 1.

    16 May 2016, 8.45 am  |  Source: CNBC-TV18

  • Investors making money must pay taxes; no fear of FDI fall: FM

    Investors making money must pay taxes; no fear of FDI fall: FM  

    After toiling for almost a decade to redraw the tax treaty with Mauritius, India will begin imposing capital gains tax on investments in shares through Mauritius April next onwards.

    16 May 2016, 8.36 am  |  Source: PTI

  • CAIT sharpens pitch on GST Bill, wants Congress to play ball

    CAIT sharpens pitch on GST Bill, wants Congress to play ball  

    In a communication sent to Gandhi, CAIT said "the roadblocks are giving a dismal picture of such an important tax reform in the country, which has become more of a political battle rather than a tax reform".

    16 May 2016, 7.56 am  |  Source: PTI

  • Indian, Japanese officials to discuss bullet train project

    Indian, Japanese officials to discuss bullet train project  

    A high-level delegation led by NITI Ayog vice chairman Arvind Panagariya will meet Japanese officials in Tokyo on May 16 to finalise key issues relating the Rs 98,000 crore Mumbai-Ahmedabad high-speed rail project.

    16 May 2016, 7.54 am  |  Source: PTI

  • Haryana CM announces package of Rs 2,600 crores for Faridabad

    Haryana CM announces package of Rs 2,600 crores for Faridabad  

    The Centre has proposed to develop 100 cities as smart cities across the country in the coming years.

    16 May 2016, 7.54 am  |  Source: PTI

  • Healthcare sector getting attention under TDP rule: Minister

    Healthcare sector getting attention under TDP rule: Minister  

    According to the Government, Dr NTR Vaidya Seva is the flagship scheme of all health initiatives of the State with a mission to provide quality healthcare to the poor. The aim of the Government is to achieve "Health for All" in or...

    16 May 2016, 7.54 am  |  Source: PTI

  • Industrial waste flow into Ganga down by 35%: Prakash Javadekar

    Industrial waste flow into Ganga down by 35%: Prakash Javadekar  

    Environment Minister Prakash Javadekar told PTI his ministry "concentrated" on 764 "grossly polluting" industries along the river and strict action, including closures as well, was taken against them.

    16 May 2016, 7.30 am  |  Source: PTI

  • Have enough minefields to deal with; don`t want more: Rajan

    Have enough minefields to deal with; don't want more: Rajan  

    With his comments often sparking one controversy after another, Reserve Bank Governor Raghuram Rajan has said he has got "enough minefields to deal with" and does not want to add to this list.

    15 May 2016, 10.28 pm  |  Source: PTI

  • IPR policy to promote R&D, bring down waiting period: Nirmala

    IPR policy to promote R&D, bring down waiting period: Nirmala  

    The new IPR policy will give a big boost to R&D and new innovations within the country while steps are being taken to cut waiting period for trademark and patent registrations, Union Minister Nirmala Sitharaman said.

    15 May 2016, 5.04 pm  |  Source: PTI

  • Bankruptcy law: Sinha says employees` rights to be foremost

    Bankruptcy law: Sinha says employees' rights to be foremost  

    The new Bankruptcy Law will fast- track recovery of dues from defaulters and employees will be first in line to get their share from liquidation of assets if a company goes belly-up, says Union Minister Jayant Sinha.

    15 May 2016, 5.04 pm  |  Source: PTI

  • EPFO may invest over Rs 6,000 cr in equity mkt in 2016-17

    EPFO may invest over Rs 6,000 cr in equity mkt in 2016-17  

    Union Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation (EPFO) may invest more than Rs 6,000 crore in equity market during the current financial year.

    15 May 2016, 5.04 pm  |  Source: PTI

  • Investors making money must pay taxes; no fear of FDI loss: FM

    Investors making money must pay taxes; no fear of FDI loss: FM  

    With a revised Mauritius pact in place to check round-tripping, Finance Minister Arun Jaitley today said investors must pay taxes on money earned in India and ruled out any depletion of FDI due to imposition of capital gains tax o...

    15 May 2016, 5.04 pm  |  Source: PTI

  • Finance Ministry to soon set up panel on bad loans

    Finance Ministry to soon set up panel on bad loans  

    In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set up a panel to look into the issue of mounting bad loans and come out with the steps to deal with the problem.

    15 May 2016, 1.16 pm  |  Source: PTI

  • Time to think of policy on dealing with bank failures: Kotak

    Time to think of policy on dealing with bank failures: Kotak  

    As the banking sector expands with entry of new players in different avatars, veteran banker Uday Kotak feels policymakers must think about the ways to deal with a situation when a bank goes belly-up.

    15 May 2016, 1.16 pm  |  Source: PTI

  • Manufacturing sector likely to slow down in Apr-Jun qtr: Ficci

    Manufacturing sector likely to slow down in Apr-Jun qtr: Ficci  

    Growth of India's manufacturing sector may decelerate during June quarter due to factors like bleak export outlook, poor demand and high cost of borrowing, a Ficci survey has said.

    15 May 2016, 11.22 am  |  Source: PTI

  • Treated water for power plants will need Rs 32k cr investment

    Treated water for power plants will need Rs 32k cr investment  

    Government's directive to use recycled sewage water by power plants will call for an investment of up to Rs 32,000 crore to meet the requirement of 80 GW capacities of state and central utilities.

    15 May 2016, 11.22 am  |  Source: PTI

  • 5,000 jobs affected by diesel vehicles ban in Delhi-NCR: Siam

    5,000 jobs affected by diesel vehicles ban in Delhi-NCR: Siam  

    The ban imposed on diesel cars and SUVs of engine capacity 2,000cc and above in Delhi-NCR by the Supreme Court has impacted about 5,000 jobs in the automobile sector, according to the industry body Siam.

    15 May 2016, 11.22 am  |  Source: PTI

  • US Chamber of Commerce welcomes India`s new IPR policy

    US Chamber of Commerce welcomes India's new IPR policy  

    The policy, with a tagline of 'Creative India: Innovative India', called for updating various intellectual property laws to remove anomalies and inconsistencies in consultation with stakeholders.

    14 May 2016, 3.36 pm  |  Source: PTI

  • Target to raise defence exports to $2 bn in 2 yrs: Parrikar

    Target to raise defence exports to $2 bn in 2 yrs: Parrikar  

    Parrikar, however, took a dig at defence players who were objecting to proposed strategic partnerships, saying it seems they have realised that they will not be able to "go through the window".

    14 May 2016, 3.36 pm  |  Source: PTI

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