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moneycontrol.com

Economy

  • Only 14 lakh individuals fell in 30% tax bracket in 2012-13

    Only 14 lakh individuals fell in 30% tax bracket in 2012-13  

    As per the Income Tax Return Statistics for Assessment Year 2012-13, 14 lakh people or just 4.6 per cent of the total assessees paid taxes in the highest 30 per cent tax bracket.

    18 Aug 2016, 2.34 pm  |  Source: PTI

  • Govt imposes anti-dumping duty on cold-rolled flat steel items

    Govt imposes anti-dumping duty on cold-rolled flat steel items  

    An anti-dumping duty of the difference between the landed value of the steel products and USD 594 per tonne will be levied, a Finance Ministry notification said.

    18 Aug 2016, 2.10 pm  |  Source: PTI

  • India still amongst best economies in the world: StanChart

    India still amongst best economies in the world: StanChart   

    Growth in India is on a good stead and according to Standard Chartered the country should be amongst the fastest growing economies in the world, says its Economist-Asia Chidu Narayanan in an interview to CNBC-TV18.

    18 Aug 2016, 1.49 pm  |  Source: CNBC-TV18

  • Outlook on India will be determined by domestic factors: Moody`s

    Outlook on India will be determined by domestic factors: Moody's   

    GDP growth forecast for India has been maintained at 7.5 percent, says Marie Diron, Senior VP - Sovereign Risk Group, Moody's Investors Services who believes India now looks relatively less vulnerable than earlier.

    18 Aug 2016, 12.02 pm  |  Source: CNBC-TV18

  • Moody`s retains India GDP forecast, ups China`s estimates

    Moody's retains India GDP forecast, ups China's estimates  

    In its latest assessment of the global economy, Moody's Investors Service said the outlook for emerging markets economies has stabilised but outlined the policy changes post the US presidential election in November as the most imm...

    18 Aug 2016, 10.50 am  |  Source: PTI

  • Pvt investment revival key to sustained IIP pick-up: Ind-Ra

    Pvt investment revival key to sustained IIP pick-up: Ind-Ra  

    Although two consecutive months of positive growth in the index of industrial production (IIP) are encouraging, Ind-Ra believes that it is still too early to expect an improvement and stability in industrial growth.

    18 Aug 2016, 9.12 am  |  Source: PTI

  • Food Processing Min wants Nabard to fund cold chain projects

    Food Processing Min wants Nabard to fund cold chain projects  

    Food Processing Secretary A K Srivastava said that Nabard so far has approved loans worth around Rs 540 crore for food parks and have also disbursed Rs 40-45 crore.

    18 Aug 2016, 9.04 am  |  Source: PTI

  • Govt initiates exercise to update `Make in India` action plan

    Govt initiates exercise to update 'Make in India' action plan  

    Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said that the commerce and industry ministry has reviewed the action plan with all departments and has also discussed it with all stakeholders, includi...

    18 Aug 2016, 9.02 am  |  Source: PTI

  • RBI should step up communication on fin stability issues: FSB

    RBI should step up communication on fin stability issues: FSB  

    Releasing its peer review report of India, the Financial Stability Board (FSB) said the authorities should consider enhancing public communication on macroprudential policies.

    18 Aug 2016, 9.00 am  |  Source: PTI

  • RBI`s R Gandhi slams bankers for neglecting SMEs

    RBI's R Gandhi slams bankers for neglecting SMEs  

    "If you make yourself socially relevant, not just relevant in an economic sense alone, you can have hopes to exist," Gandhi said at the annual banking summit FIBAC here.

    18 Aug 2016, 9.00 am  |  Source: PTI

  • Consortium of 7 banks to fund `Mission Bhagiratha` project

    Consortium of 7 banks to fund 'Mission Bhagiratha' project  

    The seven banks consortium agreed to finance the project after due verification of projects reports, tendering process and payment methods, an official statement said.

    18 Aug 2016, 7.40 am  |  Source: PTI

  • Gujarat govt, Railways ink pact to develop Surat station

    Gujarat govt, Railways ink pact to develop Surat station  

    This tri-party agreement was signed here today in the presence of Union Railway Minister Suresh Prabhu, Gujarat Deputy Chief Minister Nitin Patel and Surat mayor Asmita Siroya.

    18 Aug 2016, 7.40 am  |  Source: PTI

  • Not part of Smart City, will rather go for green cities: WB

    Not part of Smart City, will rather go for green cities: WB  

    According to the senior minister, the state government would not apply for the smart city status for Bidhannagar (Salt Lake) City, the deadline of which was August 30.

    18 Aug 2016, 7.40 am  |  Source: PTI

  • Rs 2100 crore worth development works for Sri Ganganagar

    Rs 2100 crore worth development works for Sri Ganganagar  

    Gadkari said under Bharat Mala scheme 253 km-long new highway will be constructed from Sri Ganganagar to Karanpur, Gajsinghpur, Raisingh Nagar, Rawala and Dantor.

    18 Aug 2016, 7.38 am  |  Source: PTI

  • Model land leasing law promises security for tenant farmers

    Model land leasing law promises security for tenant farmers  

    Several Indian states are adopting a model land leasing law aimed at giving poor tenant farmers greater access to benefits, such as credit, while also protecting the rights of land owners.

    17 Aug 2016, 9.58 pm  |  Source: Reuters

  • After years of pain, coal turns hot in 2016

    After years of pain, coal turns hot in 2016  

    Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.

    17 Aug 2016, 9.56 pm  |  Source: Reuters

  • FinMin likely to issue 5th tranche of gold bonds next month

    FinMin likely to issue 5th tranche of gold bonds next month  

    Seeking to contain physical gold demand, the government is likely to issue fifth tranche of sovereign gold bond (SGB) scheme next month.

    17 Aug 2016, 9.44 pm  |  Source: PTI

  • GST expected at 22%: Will it upset April 1 rollout plans?

    GST expected at 22%: Will it upset April 1 rollout plans?   

    Even as the central government finally succeeded in passing the Goods and Services Tax (GST) Constitutional Amendment Bill in Parliament recently, it is learnt that the standard GST rate could be closer to 22 percent when the tax ...

    17 Aug 2016, 8.22 pm  |  Source: Moneycontrol.com

  • India on 66th spot in most innovative economies, up 15 places

    India on 66th spot in most innovative economies, up 15 places  

    India has been ranked 66th in a list of most innovative economies, jumping 15 places from last year, according to a new UN report which calls for more transparent policies if the country aspires to become a global driver of in...

    17 Aug 2016, 8.02 pm  |  Source: PTI

  • India`s Internet base to touch 730mn by 2020: Nasscom

    India's Internet base to touch 730mn by 2020: Nasscom  

    As rural India adopts Internet in increasing numbers, web users in the country are expected to more than double to 730 million by 2020, a Nasscom report said today.

    17 Aug 2016, 5.32 pm  |  Source: PTI

  • FPIs prefer direct access to stock markets over P-notes: PwC

    FPIs prefer direct access to stock markets over P-notes: PwC  

    Share of investments through P-notes in FPI (foreign portfolio investors) inflows into the country have fallen to a mere 8.8 percent in June this year, from 55.7 percent in the same period of 2007.

    17 Aug 2016, 4.18 pm  |  Source: PTI

  • Adopt innovative steps to make Swachh Bharat a success:Experts

    Adopt innovative steps to make Swachh Bharat a success:Experts  

    Technology needs to be adopted at various stages including mechanical sweeping of roads, monitoring the sanitation works and processing the waste once it is collected at the landfills, North Delhi Municipal Corporation Commissione...

    17 Aug 2016, 4.18 pm  |  Source: PTI

  • India needs to ensure fin stability, inclusion balance: FSB

    India needs to ensure fin stability, inclusion balance: FSB  

    While observing that "important steps" have been taken in recent years to develop the country's macroprudential policy framework, FSB said the authorities also need to consider potential policy trade-offs in the future.

    17 Aug 2016, 4.10 pm  |  Source: PTI

  • Haryana govt to install 3,050 solar water pumps

    Haryana govt to install 3,050 solar water pumps  

    "3,050 solar water pumps of 2 horsepower (hp), 5 hp and 10 hp will be installed with 10 percent farmer's share and the remaining 90 percent cost be shared by the central and state government as financial assistance," Minister of S...

    17 Aug 2016, 4.10 pm  |  Source: PTI

  • Government may pay Rs 34,600 cr as arrears in August salary

    Government may pay Rs 34,600 cr as arrears in August salary  

    The government had last month announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award at one go in August salary.

    17 Aug 2016, 4.04 pm  |  Source: PTI

  • Depts to open A/c with RBI for Rs 100 cr plus fund transfer

    Depts to open A/c with RBI for Rs 100 cr plus fund transfer  

    The e-FPB (Electronic Focal Point Branch) account will be used by the government to receive non-tax revenue payments like dividends from PSUs and banks, and to make fund transfers for plan schemes.

    17 Aug 2016, 3.12 pm  |  Source: PTI

  • Railways to reduce energy bill considerably

    Railways to reduce energy bill considerably  

    The diesel procurement policy has been reviewed and it has been deciced to import crude oil directly and get it refined at oil marketing companies here, said a senior Railway Ministry official.

    17 Aug 2016, 2.28 pm  |  Source: PTI

  • India begins probe into dumping of chemical by 4 countries

    India begins probe into dumping of chemical by 4 countries  

    Deepak Fertilisers and Petrochemicals Corporation and Smartchem Technologies have jointly filed an application for initiation of anti-dumping investigation concerning imports of ammonium nitrate from these nations.

    17 Aug 2016, 2.20 pm  |  Source: PTI

  • Headline inflation to remain up this fiscal: Kotak

    Headline inflation to remain up this fiscal: Kotak  

    According to a report by Kotak Institutional Equities, with favourable monsoons, there is likely to be a correction in food prices though headline inflation will continue to trend up through the rest of the current fiscal.

    17 Aug 2016, 2.10 pm  |  Source: PTI

  • Steel demand in India to outpace regional average: Moody`s

    Steel demand in India to outpace regional average: Moody's  

    "In particular, steel demand in India will outpace the regional average as the country's GDP growth of around 7.5 percent in 2016 and 2017 based on Moody's forecast, remains among the highest in Asia," Moody's Investors Services s...

    17 Aug 2016, 1.58 pm  |  Source: PTI

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