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Economy

  • Impact of Brexit on India to be minimal: Nirmala

    Impact of Brexit on India to be minimal: Nirmala  

    She also informed the Rajya Sabha that the impact of the exit of the UK from EU on India is expected to be minimal.

    20 Jul 2016, 7.52 pm  |  Source: PTI

  • PSBs to be under stress despite capital infusion: CS

    PSBs to be under stress despite capital infusion: CS  

    The capital infusion will help improve the banks' capital ratios by 30-160 basis points. But, it will also result in around 10-60 percent dilution of share value at the current market price. Also, it will result in the fall in BVP...

    20 Jul 2016, 7.24 pm  |  Source: Moneycontrol.com

  • `Realty to be $180 bn industry in India by 2020`

    'Realty to be $180 bn industry in India by 2020'  

    "The real estate sector is set to become a 180 billion dollar industry by 2020," National Housing Bank (NHB) Managing Director and CEO Sriram Kalyanaraman was quoted as saying in a CII statement.

    20 Jul 2016, 7.10 pm  |  Source: PTI

  • Difficult to assess the impact of `Brexit` on India: Govt

    Difficult to assess the impact of 'Brexit' on India: Govt  

    The relationship between Britain and EU is yet to evolve and until such time, it is hard to assess the impact the country's exit from the bloc on India and Indian community, Singh said.

    20 Jul 2016, 7.10 pm  |  Source: PTI

  • Govt says DBT scheme saves Rs 21K cr in LPG subsidy in 2 yrs

    Govt says DBT scheme saves Rs 21K cr in LPG subsidy in 2 yrs  

    The savings from the elimination of fake/ duplicate/ ghost cooking gas LPG connection as a result of implementation of DBT in last two years are estimated at Rs 21,261.4 crore.

    20 Jul 2016, 7.10 pm  |  Source: PTI

  • e-book must for cos with issues of Rs 500 cr

    e-book must for cos with issues of Rs 500 cr  

    The move will help streamline procedures for issuance of debt securities on private placement basis, enhancing efficiency, transparency of the price discovery mechanism and improving liquidity in the secondary market.

    20 Jul 2016, 7.10 pm  |  Source: PTI

  • Centre bifurcates Communication Ministry; new ministry for IT

    Centre bifurcates Communication Ministry; new ministry for IT  

    According to the decision, there will be two ministries-- Ministry of Communications and Ministry of Electronics and Information Technology.

    20 Jul 2016, 6.00 pm  |  Source: PTI

  • Job creation in labour-intensive, export-oriented sectors down

    Job creation in labour-intensive, export-oriented sectors down  

    The estimated employment for export-oriented sector saw a net addition of 1.22 lakh persons in January-December 2015, she added.

    20 Jul 2016, 6.00 pm  |  Source: PTI

  • Railways spent Rs 315 cr on cleanliness in 2015-16: Govt

    Railways spent Rs 315 cr on cleanliness in 2015-16: Govt  

    Under the Swachh Bharat Abhiyan, special cleanliness campaign was launched by Railways on October 2, 2014, Minister of State for Railways Manoj Sinha said in a written reply.

    20 Jul 2016, 6.00 pm  |  Source: PTI

  • Internet users in India reached 342.65 mn in March

    Internet users in India reached 342.65 mn in March  

    As per data shared by Telecom Minister Manoj Sinha in the Lok Sabha today, there were 34,26,54,750 internet subscribers as on March 31, 2016.

    20 Jul 2016, 5.56 pm  |  Source: PTI

  • Indian banks will need $90 bn capital by 2019: Fitch

    Indian banks will need $90 bn capital by 2019: Fitch  

    Government's decision to inject Rs 22,900 crore (USD 3.4 billion) into 13 public sector banks, including PNB, SBI and Bank of India, is supportive of the credit profiles of these lenders, it added.

    20 Jul 2016, 5.56 pm  |  Source: PTI

  • Restaurant sector to contribute Rs 22,400 cr in taxes in 2016

    Restaurant sector to contribute Rs 22,400 cr in taxes in 2016  

    The report estimates that the restaurant industry will contribute close to 2.1 percent to India's GDP by 2021, NRAI Honorary Secretary Rahul Singh said.

    20 Jul 2016, 5.50 pm  |  Source: PTI

  • Proposal to amend ITIR Policy submitted before CCEA

    Proposal to amend ITIR Policy submitted before CCEA  

    ITIR are self contained integrated township to accelerate growth of IT, IT-enabled services like call centers, electronics hardware manufacturing facilities. As per present policy, minimum area of 40 sq km should be delineated for...

    20 Jul 2016, 5.50 pm  |  Source: PTI

  • Expect 50 bps cut in policy rate by March: Morgan Stanley

    Expect 50 bps cut in policy rate by March: Morgan Stanley  

    According to the global financial services major, disinflationary pressures would keep the RBI on an easing path.

    20 Jul 2016, 3.20 pm  |  Source: PTI

  • US companies consider India their next FDI frontier: Gadkari

    US companies consider India their next FDI frontier: Gadkari  

    "There is overwhelming enthusiasm among American companies and investors to invest in India. Results could be seen soon," Road Transport and Highways Minister Gadkari told PTI as he concluded his week-long trip to the US that took...

    20 Jul 2016, 2.22 pm  |  Source: PTI

  • `Stressed asset banks being readied for infra lending market`

    'Stressed asset banks being readied for infra lending market'  

    "So, we want them in the lending market at the earliest and in the next year after having cleaned up their books of any stressed asset," Rai told PTI, stressing the urgency to revive the infrastructure financing by public sector b...

    20 Jul 2016, 2.08 pm  |  Source: PTI

  • It was baptism by fire: D Subbarao on early days as RBI governor

    It was baptism by fire: D Subbarao on early days as RBI governor  

    The 66-year-old former governor admits to being a "greenhorn" as he started his five years stint at RBI during what were turbulent times both in India and around the world.

    20 Jul 2016, 2.02 pm  |  Source: PTI

  • Bengal announces formation of new Industrial Promotional Board

    Bengal announces formation of new Industrial Promotional Board  

    Chief Minister Mamata Banerjee said they have taken a decision to bring all types of industries under one roof which will address all related issues.

    20 Jul 2016, 1.50 pm  |  Source: PTI

  • All gram panchayats to be connected through OFC by 2018: Govt

    All gram panchayats to be connected through OFC by 2018: Govt  

    IT Minister Ravi Shankar Prasad said the National Optical Fibre Network project, renamed as BharatNet, is one of the pillars of thea programme, and through it, the government plans to establish a network infrastructure by connecti...

    20 Jul 2016, 1.50 pm  |  Source: PTI

  • Govt against raising FDI cap in newspapers, periodicals

    Govt against raising FDI cap in newspapers, periodicals  

    Currently, the FDI policy permits 26 percent foreign direct investment in publishing of newspapers and periodicals dealing with news and current affairs via approval route.

    20 Jul 2016, 1.50 pm  |  Source: PTI

  • International report card: Impact GST has had on global peers

    International report card: Impact GST has had on global peers  

    With more than 160 countries having a GST-like regime—tax rates ranging from 5 percent to 27 percent—the taxation scheme has become popular with governments across the globe because it reduces collection costs and eases compli...

    20 Jul 2016, 1.39 pm  |  Source: Moneycontrol.com

  • Infographic: GST`s impact on various sectors decoded

    Infographic: GST's impact on various sectors decoded  

    The ambitious goods and services tax (GST) may be a reality soon. But the tax (likely to come in 17-18 percent) may not have a uniform impact on all sectors, given their varying taxation structures. A Citi report delved into the s...

    20 Jul 2016, 1.24 pm  |  Source: Moneycontrol.com

  • PEC pushes back deadline for 80,000 tonnes corn purchase tender

    PEC pushes back deadline for 80,000 tonnes corn purchase tender  

    On July 10, the Indian government said it had asked state trading houses to import an extra half a million tonnes of duty-free, non-genetically modified corn to stop domestic prices rising and prevent shortages.

    20 Jul 2016, 1.02 pm  |  Source: Reuters

  • Centre asks states to lower stamp duty for affordable housing

    Centre asks states to lower stamp duty for affordable housing  

    In his speech, Naidu called upon all stakeholders to join the Prime Minister in his drive to eradicate corruption. "I call upon all stakeholders to join Modi. Modi is not Narendra Modi, Modi means 'Making Of Developed India'".

    20 Jul 2016, 12.44 pm  |  Source: PTI

  • Hopeful of GST Bill passage in August : MoS Finance

    Hopeful of GST Bill passage in August : MoS Finance  

    Minister of State for Finance Arjun Ram Meghwal said the Congress' demand for capping the GST rate in Constitution is "not very practical", but the government is making a lot of effort to build consensus on the Goods and Services ...

    20 Jul 2016, 12.20 pm  |  Source: PTI

  • GST positive for long term growth,implementation from Apr:Report

    GST positive for long term growth,implementation from Apr:Report  

    According to Japanese financial services major Nomura, GST is a game changing indirect tax reform and its implementation would have a positive for growth in the long term.

    20 Jul 2016, 12.02 pm  |  Source: PTI

  • DoT starts sending demand notices to 6 telecom operators

    DoT starts sending demand notices to 6 telecom operators  

    The demand notices that have been sent out pertain to Delhi telecom circle, sources said, adding that this will be followed up by similar notices for other circles over the next fortnight.

    20 Jul 2016, 9.10 am  |  Source: PTI

  • US-India join hands in exploring petroleum and energy sector

    US-India join hands in exploring petroleum and energy sector  

    The decision was taken during a meeting between the Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan and his American counterpart, Energy Secretary Ernest Moniz, on Monday.

    20 Jul 2016, 8.40 am  |  Source: PTI

  • Rs 200 cr likely to be spent on Indore Smart City plan in FY17

    Rs 200 cr likely to be spent on Indore Smart City plan in FY17  

    The Commissioner informed that the local body has so far received an assistance of total Rs 248 crore from the Centre and the state. Besides, the IMC has made a provision of Rs 200 crore this fiscal from its budget.

    20 Jul 2016, 7.58 am  |  Source: PTI

  • US firms` investments in Tamil Nadu at over $4 bn: Minister

    US firms' investments in Tamil Nadu at over $4 bn: Minister  

    Ranked among the top three industrial states of the country, Tamil Nadu is ideal for investments in social and economic fronts and also due to factors like skilled manpower, competitive costs, sea ports and pro-active government p...

    20 Jul 2016, 7.58 am  |  Source: PTI

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