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Economy

  • Reserve Bank unlikely to cut key rate in February: Report

    Reserve Bank unlikely to cut key rate in February: Report  

    Reserve Bank is unlikely to cut repo rate in the February review meeting due to the prevailing global uncertainties and it's stance may continue to be accommodative next year as inflation is expected to remain benign, according to...

    05 Jan 2017, 4.36 pm  |  Source: PTI

  • Centre to help 6.33 lakh farmers hone agri skills by 2022

    Centre to help 6.33 lakh farmers hone agri skills by 2022  

    The Centre has chalked out a strategy to impart farm-related knowledge and develop agri skill sets among 6.33 lakh farmers by 2022 and about Rs 3.5 crore fund has been set aside for 2016-17.

    05 Jan 2017, 4.36 pm  |  Source: PTI

  • Will release numbers on junked notes at earliest: RBI

    Will release numbers on junked notes at earliest: RBI  

    Putting to rest speculation on quantum of scrapped notes deposited in banks and post offices, the RBI today said it is reconciling invalid currency to physical balance and will release the numbers at the earliest.

    05 Jan 2017, 4.22 pm  |  Source: PTI

  • Trade minister says no plan to cut sugar import tax for now

    Trade minister says no plan to cut sugar import tax for now  

    Sugar prices in the local market have started rising on an expected drop in the production after back-to-back drought ravaged cane crop in the top producing western state of Maharashtra.

    05 Jan 2017, 3.58 pm  |  Source: Reuters

  • Notes ban: GDP may slump to 5% in Dec quarter, says HSBC

    Notes ban: GDP may slump to 5% in Dec quarter, says HSBC  

    According to the global financial services major, activity data across manufacturing and services as well as consumption and investment have clearly taken a hit after November 8, 2016, when the government announced scrapping old 5...

    05 Jan 2017, 3.40 pm  |  Source: PTI

  • India better placed amidst fragile world economy: FSDC

    India better placed amidst fragile world economy: FSDC  

    The Council, at its 16th meeting, reviewed the major issues and challenges facing the economy. "World economy is quite fragile, yet India is much better placed today due to improvement in its macro-economic fundamentals," Jaitley ...

    05 Jan 2017, 3.40 pm  |  Source: PTI

  • Note ban most disruptive policy innovation since 1991:Subbarao

    Note ban most disruptive policy innovation since 1991:Subbarao  

    Former Reserve Bank governor D Subbarao today termed demonetisation as "creative destruction and the most disruptive policy innovation since 1991 reforms" that has helped destroy blackmoney.

    05 Jan 2017, 2.58 pm  |  Source: PTI

  • India eyes to cut defence budget by 50% within a decade: Bhamre

    India eyes to cut defence budget by 50% within a decade: Bhamre  

    "Nearly USD 14 billion worth of defence offset obligations will be discharged by the foreign OEMs by 2028," he said while delivering the inaugural address at seminar - Leveraging defence expenditure as a tool for nation building -...

    05 Jan 2017, 2.50 pm  |  Source: PTI

  • Synergise efforts to boost exports: Nirmala Sitharaman to states

    Synergise efforts to boost exports: Nirmala Sitharaman to states  

    "Since last January, we have managed to contain our trade deficit due to controls on imports, there is an immediate need to synergize our efforts and jointly take appropriate steps to boost India's exports - which is the only sust...

    05 Jan 2017, 2.16 pm  |  Source: PTI

  • Demonetisation hits entry level 2-wheeler sales hardest

    Demonetisation hits entry level 2-wheeler sales hardest  

    Industry estimates peg nearly 50 percent of bike sales coming from the rural market, largely driven by the entry level commenter segment bikes.

    05 Jan 2017, 1.58 pm  |  Source: Moneycontrol.com

  • Ease of doing business: Mining cos may get leases before Jan 11 deadline on tweaked rule

    Ease of doing business: Mining cos may get leases before Jan 11 deadline on tweaked rule  

    Centre has relaxed norms so that states can grant leases even if environment clearances are pending, a move that will benefit around 60 companies

    05 Jan 2017, 1.57 pm  |  Source: Moneycontrol.com

  •  New bank-insurer tie-ups delayed

    New bank-insurer tie-ups delayed  

    Distribution remains a key challenge for insurers as leading banks are yet to warm up to the idea of selling more than one insurer’s product

    05 Jan 2017, 1.57 pm  |  Source: Moneycontrol.com

  • Telangana seeks special funds in Budget to offset any GST loss

    Telangana seeks special funds in Budget to offset any GST loss   

    The three-year-old state is seeking special allocation of funds to compensate any initial revenue loss under Goods and Service Tax regime, people in the know of the developments told CNBC-TV18.

    05 Jan 2017, 1.47 pm  |  Source: CNBC-TV18

  • After banknote ban,India sees 7% growth in first half of 2017/18

    After banknote ban,India sees 7% growth in first half of 2017/18  

    Nearly 90 percent of transactions used to be in cash in India, which was gripped by a severe shortage of currency after Modi's Nov. 8 decision to take 500-rupee and 1,000-rupee notes, worth about USD 7.5 and USD 15, out of circula...

    05 Jan 2017, 1.26 pm  |  Source: Reuters

  • Rs 1,782 cr grant to drought-hit Karnataka, Rs 209 cr to U`khnd

    Rs 1,782 cr grant to drought-hit Karnataka, Rs 209 cr to U'khnd  

    The decision was taken during a meeting of the High Level Committee chaired by Home Minister Rajnath Singh.

    05 Jan 2017, 1.20 pm  |  Source: PTI

  • Spices exports up 5% by volume in 1st half of FY 2016-17

    Spices exports up 5% by volume in 1st half of FY 2016-17  

    "Chilli became the most exported spice for the April-September 2016 period with the shipment of 1,65,000 tonnes, fetching Rs 2307.75 crore," a Spices Board release said here.

    05 Jan 2017, 9.38 am  |  Source: PTI

  • FinMin clears 29 investment proposals worth Rs 2.11 lakh cr

    FinMin clears 29 investment proposals worth Rs 2.11 lakh cr  

    Besides, Public Investment Board (PIB) headed by Expenditure Secretary cleared 12 proposals involving expenditure of Rs 28,673 crore.

    05 Jan 2017, 9.34 am  |  Source: PTI

  • Road Minstry seeks Rs 90,904 cr for 2017-18

    Road Minstry seeks Rs 90,904 cr for 2017-18  

    The Ministry of Road Transport and Highways (MoRTH) said it needs higher allocation to carry forward the ongoing work and also to compensate concessionaires who lost revenue because of withdrawal of tolling following the demonetis...

    05 Jan 2017, 9.34 am  |  Source: PTI

  • Govt may set fiscal deficit target above 3% in Budget: Expert

    Govt may set fiscal deficit target above 3% in Budget: Expert   

    The upcoming Budget slated for February 1 will not have much to offer if there is no consensus on the Goods & Services Tax (GST) Bill, believes A Prasanna, Chief Economist at I-Sec PD.

    05 Jan 2017, 8.54 am  |  Source: Moneycontrol.com

  • Parties oppose Budget plan on February 1 before polls

    Parties oppose Budget plan on February 1 before polls  

    While the Election Commission said it will examine a representation made by parties opposing the February 1 Budget plan, Finance Minister Arun Jaitley defended the move asking why Opposition parties are afraid of it when they have...

    05 Jan 2017, 8.54 am  |  Source: PTI

  • Budget on Feb 1 aimed at wooing voters ahead of polls: Yechury

    Budget on Feb 1 aimed at wooing voters ahead of polls: Yechury  

    In a Facebook post, he also demanded President Pranab Mukherjee and the Election Commission to take note of advancement of Budget presentation and reverse the decision.

    05 Jan 2017, 8.52 am  |  Source: PTI

  • India was ‘pretty incompetent’ in scrapping high value banknotes

    India was ‘pretty incompetent’ in scrapping high value banknotes  

    Rogoff, professor of economics and public policy at Harvard University, told CNBC that Indian Prime Minister Narendra Modi's move had been "pretty paralyzing" for the emerging market economy.

    05 Jan 2017, 8.43 am  |  Source: CNBC

  • Das hails PM, FM for strengthening country`s economic system

    Das hails PM, FM for strengthening country's economic system  

    'Pradhan Mantri Garib Kalyan Yojana' is a welcome step, Das said while addressing at the Vigyan Bhavan in New Delhi, an official release said.

    05 Jan 2017, 7.48 am  |  Source: PTI

  • West Bengal Budget session to begin from February 3

    West Bengal Budget session to begin from February 3  

    According to the source in the House, the Budget Session would resume on February 3 and continue for three-long weeks till February 20 or 21.

    05 Jan 2017, 7.48 am  |  Source: PTI

  • RBI may have received Rs 15 lk cr deposits of old notes

    RBI may have received Rs 15 lk cr deposits of old notes  

    The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ende...

    04 Jan 2017, 10.18 pm  |  Source: PTI

  • Ease of doing biz: DIPP plans to appoint consulting agency

    Ease of doing biz: DIPP plans to appoint consulting agency  

    The Commerce Ministry is planning to appoint a consulting agency for assistance in improving India's business climate and bettering its ranking in World Bank's ease of doing business index.

    04 Jan 2017, 10.10 pm  |  Source: PTI

  • GST: No breakthrough, hopes hinge on Jan 16 meeting to break impasse

    GST: No breakthrough, hopes hinge on Jan 16 meeting to break impasse  

    GST council’s meeting remain inconclusive amid persistent differences regarding issues on “dual control,” compensation and taxing rights over goods moving through seas

    04 Jan 2017, 9.26 pm  |  Source: Moneycontrol.com

  • Rationalise taxes, simplify procedures in Budget: Ficci

    Rationalise taxes, simplify procedures in Budget: Ficci  

    Finance Minister Arun Jaitley should use the forthcoming Budget to rationalise taxes and simplify the procedures to boost economic activity, new Ficci President Pankaj R Patel said today.

    04 Jan 2017, 8.56 pm  |  Source: PTI

  • Removal of restrictions after assessment by RBI: Jaitley

    Removal of restrictions after assessment by RBI: Jaitley  

    The RBI will remove restrictions on cash withdrawals after assessing market situation, Finance Minister Arun Jaitley said today even as he ruled out interfering with the conditions barring anyone other than NRIs and Indians return...

    04 Jan 2017, 8.56 pm  |  Source: PTI

  • Higher sales growth, profits marked cos` performance in Q2:RBI

    Higher sales growth, profits marked cos' performance in Q2:RBI  

    Net profit of listed private sector companies recorded a robust growth of 16 percent in the second quarter of the fiscal compared to 11.2 percent in the previous quarter, the Reserve Bank said today.

    04 Jan 2017, 8.56 pm  |  Source: PTI

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