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Economy

  • Centre sanctions Rs 133 crore to Himachal Pradesh under DDUGKU

    Centre sanctions Rs 133 crore to Himachal Pradesh under DDUGKU  

    "The amount has been sanctioned for skill development of 15,000 youths upto 2019, he said while presiding over the meeting of District Co-ordination and Vigilance Committee here.

    16 Sep 2016, 7.48 am  |  Source: PTI

  • Piyush Goyal asks electrical equipment makers to ensure quality

    Piyush Goyal asks electrical equipment makers to ensure quality  

    The minister also sought support from Indian Electrical and Electronics Manufacturers Association (IEMMA) for "exposing those who use second-grade sheets, recycled copper or any of these products which damage the life, quality or ...

    16 Sep 2016, 7.48 am  |  Source: PTI

  • Petrol price up by 58 paisa a litre; diesel cut by 31 paisa

    Petrol price up by 58 paisa a litre; diesel cut by 31 paisa  

    This is the second increase in rates of petrol this month while in case of diesel it wipes away a part of the hike effected earlier this month.

    16 Sep 2016, 7.48 am  |  Source: PTI

  • Rupee value of more than 70 will help exports: FIEO

    Rupee value of more than 70 will help exports: FIEO   

    In an interview with CNBC-TV18, Ajay Sahai, Director-General, Federation of Indian Export Organizations, talked about speculation that the Commerce Ministry may ask the Finance Ministry to consider devaluing the Indian rupee.

    15 Sep 2016, 10.10 pm  |  Source: CNBC-TV18

  • Does below-par monsoon spell trouble for RBI`s inflation target

    Does below-par monsoon spell trouble for RBI's inflation target  

    State Bank of India's economic roundup - Ecowrap - lists why the bank is sanguine about the decline in inflation trajectory.

    15 Sep 2016, 9.32 pm  |  Source: Moneycontrol.com

  • Rainfall deficient by 5%; `very heavy rain` warning for Mumbai

    Rainfall deficient by 5%; 'very heavy rain' warning for Mumbai  

    An IMD bulletin today said cumulative rainfall for the country as a whole during this year's monsoon upto September 14 has been five per cent below Long Period Average (LPA).

    15 Sep 2016, 9.24 pm  |  Source: PTI

  • Moody`s places RCom rating on `review for downgrade`

    Moody's places RCom rating on 'review for downgrade'  

    Moody's placed under "review for downgrade" the credit rating of Reliance Communications today, a day after RCom's announcement to merge its wireless telecom business with smaller rival Aircel.

    15 Sep 2016, 6.44 pm  |  Source: PTI

  • Rupee will continue to be market-determined: Shaktikanta Das

    Rupee will continue to be market-determined: Shaktikanta Das   

    Denying speculation that the government is considering devaluing the rupee, Economic Affairs Secretary Shaktikanta Das has said that the policy remains that the rupee would be a floating currency and that the government will not i...

    15 Sep 2016, 6.16 pm  |  Source: CNBC-TV18

  • Nine dengue deaths in AIIMS, toll rises to 18

    Nine dengue deaths in AIIMS, toll rises to 18  

    The death toll due to dengue in the national capital today rose to 18 with half of the fatalities at AIIMS even as the number of cases of the vector-borne disease crossed 1,100.

    15 Sep 2016, 6.12 pm  |  Source: PTI

  • Mauritius hopes to remain major FDI source to India

    Mauritius hopes to remain major FDI source to India  

    Mauritius today expressed hope to remain one of the biggest investment routes to India post revision of the bilateral tax treaty, as the two nations move ahead with talks on trade liberalisation pacts.

    15 Sep 2016, 6.10 pm  |  Source: PTI

  • Agencies cannot use Aadhaar details other than stated purpose

    Agencies cannot use Aadhaar details other than stated purpose  

    According to the Aadhaar (Targeted Delivery of Financial, and Other Subsidies, Benefits and Services) Act, 2016, core biometric information collected by the Unique Identification Authority of India (UIDAI) under the Act "shall not...

    15 Sep 2016, 5.30 pm  |  Source: PTI

  • PM wants all steps for GST rollout to be completed before Apr

    PM wants all steps for GST rollout to be completed before Apr  

    The government is keen to implement the biggest tax reform since Independence from April 1 so as to ensure a smooth rollover to the changed tax structure from the beginning of the new fiscal and avoid mid-year alterations.

    15 Sep 2016, 5.30 pm  |  Source: PTI

  • Cabinet to take up Budget overhaul; Session likely from Jan 24

    Cabinet to take up Budget overhaul; Session likely from Jan 24  

    While early convening of the Budget Session may become a norm in the years to come, the Winter Session of Parliament is likely to be convened on November 12 this year to get the supporting legislations for the GST rollout approved...

    15 Sep 2016, 4.26 pm  |  Source: PTI

  • Tea industry seeks govt sops for consumption boost

    Tea industry seeks govt sops for consumption boost  

    "The viability of the Indian tea industry is under threat due to stagnating price levels. We want the government to create a awareness campaign and a branding agenda for long-term sustainability", Chairman, ITA, A K Bhargava told ...

    15 Sep 2016, 3.56 pm  |  Source: PTI

  • Vegetable oil import down 8% at 12.61 lakh tonnes in August

    Vegetable oil import down 8% at 12.61 lakh tonnes in August  

    Imports of vegetable oils, comprising edible and non-edible oil, stood at 13.74 lakh tonnes in August 2015.

    15 Sep 2016, 3.40 pm  |  Source: PTI

  • Next key milestones before GST becomes operational

    Next key milestones before GST becomes operational  

    The government is leaving no stone unturned to ensure smooth implementation of the Goods and Services Tax (GST) from April 1 2017.

    15 Sep 2016, 3.34 pm  |  Source: Moneycontrol.com

  • Jan Dhan controversy may figure in FM, bankers meet tomorrow

    Jan Dhan controversy may figure in FM, bankers meet tomorrow  

    The meeting will review the first quarter performance of public sector banks and financial institutions, sources said.

    15 Sep 2016, 3.28 pm  |  Source: PTI

  • GST rollout a hell of a challenge, says Infosys CEO Sikka

    GST rollout a hell of a challenge, says Infosys CEO Sikka  

    "There are many pockets where there is weak preparedness at this moment. But we have time between now and then, and the government is extremely keen to address that (weakness)," Sikka said when asked about the preparedness for the...

    15 Sep 2016, 3.10 pm  |  Source: PTI

  • Mining body calls for continuation of MIP on steel

    Mining body calls for continuation of MIP on steel   

    Speaking to CNBC-TV18's Rukmini Rao, FIMI's Secretary General, RK Sharma, reiterated the need to continue with minimum import price (MIP) to safeguard the steel industry.

    15 Sep 2016, 3.05 pm  |  Source: CNBC-TV18

  • Comm Min for better exchange rate policy to boost exports

    Comm Min for better exchange rate policy to boost exports  

    As part of the strategy to boost both exports of goods and services in the long run, the ministry is working on the three important pillars -- exchange rate, visa regime and freight rates, an official said.

    15 Sep 2016, 3.04 pm  |  Source: PTI

  • Govt expects record foodgrains output this year

    Govt expects record foodgrains output this year  

    The country had last achieved a record output of 265.04 million tonnes (MT) in the 2013-14 crop year (July-June).

    15 Sep 2016, 2.46 pm  |  Source: PTI

  • Govt says info under domestic black money scheme confidential

    Govt says info under domestic black money scheme confidential  

    As regards concerns regarding confidentiality of the information filed under the scheme, it is reiterated that information contained in a valid declaration is confidential and shall not be shared, an official statement said.

    15 Sep 2016, 2.10 pm  |  Source: PTI

  • Goa must take corrective steps to attract investments: Study

    Goa must take corrective steps to attract investments: Study  

    "Predictability and stability is an important condition for continuous flow of investments and looking at this trend, it seems both are seriously lacking in Goa," the study said.

    15 Sep 2016, 1.38 pm  |  Source: PTI

  • India`s salary growth at 0.2%, GDP gain of 63.8% since 2008

    India's salary growth at 0.2%, GDP gain of 63.8% since 2008  

    According to a new analysis by the Hay Group division of Korn Ferry, India's salary growth stood at 0.2 percent in real terms, with a GDP gain of 63.8 percent over the same period.

    15 Sep 2016, 12.50 pm  |  Source: PTI

  • Didn`t tell reporter I want devaluation: Nirmala Sitharaman

    Didn't tell reporter I want devaluation: Nirmala Sitharaman  

    The finance ministry, which has a far more central role in economic policy, denied that any discussion on a devaluation had taken place.

    15 Sep 2016, 11.33 am  |  Source: Reuters

  • FinMin, Trade Min to meet next week to review rupee value: Srcs

    FinMin, Trade Min to meet next week to review rupee value: Srcs   

    The Commerce and Finance ministries are likely to discuss the devaluation of rupee next week, according to a government official, reports CNBC-TV18's Rituparna Bhuyan.

    15 Sep 2016, 10.53 am  |  Source: CNBC-TV18

  • FinMin to probe into bankers depositing money in Jan Dhan a/cs

    FinMin to probe into bankers depositing money in Jan Dhan a/cs  

    Observing that there was no requirement of minimum balance in the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, the Ministry said "in view of the specific instances mentioned (in a media report), facts are being ascertained to ...

    15 Sep 2016, 9.02 am  |  Source: PTI

  • Afghanistan eyes $10 bn trade and investment with India

    Afghanistan eyes $10 bn trade and investment with India  

    "You spoke of a road map. Let's start with a target of USD 10 billion in trade and investment, five years and we are going to realise it," Ghani said at a business meet here.

    15 Sep 2016, 8.28 am  |  Source: PTI

  • EPFO attaches bank accounts of civic body, recovers Rs 1 cr

    EPFO attaches bank accounts of civic body, recovers Rs 1 cr  

    "The action was taken after Regional Provident Fund Commissioner Ajay Kumar Mehta gave several opportunities to the Devas Civic Body to deposit the amount of Rs 1.7 crore to the EPFO," an EPFO spokesperson said.

    15 Sep 2016, 7.42 am  |  Source: PTI

  • God and Devil lies in the detail of the GST: Congress

    God and Devil lies in the detail of the GST: Congress  

    Congress today said the "God and the Devil lies in the detail" of the GST and would not like to prejudice the decision of the Council, even as took a dig at the Centre for its "self-congratulatory patting" at beginning of GST jour...

    14 Sep 2016, 9.54 pm  |  Source: PTI

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