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Moneycontrol

Economy

  • NHAI to float bids for monetising 10 projects by April

    NHAI to float bids for monetising 10 projects by April  

    The move follows the government's decision in August last year authorising the National Highways Authority of India (NHAI) to monetise public-funded highway projects in the country.

    13 Feb 2017, 9.02 am  |  Source: PTI

  • IIP growth expected to see some uptick in January: Kotak

    IIP growth expected to see some uptick in January: Kotak  

    Industrial production contracted to a four-month low of 0.4 percent in December, largely due to decline in production of capital goods and consumer goods.

    13 Feb 2017, 9.00 am  |  Source: PTI

  • PM accuses Cong govt in U`khand of having no vision for growth

    PM accuses Cong govt in U'khand of having no vision for growth  

    "Have you ever thought why despite having such great potential Uttarakhand has lagged behind Chattisgarh and Jharkhand which were created together by Atal Bihari Vajpayee? In spite of the Maoist problem, Chattisgargh with a BJP go...

    13 Feb 2017, 8.28 am  |  Source: PTI

  • Demonetisation has positive impact, says Arun Jaitley

    Demonetisation has positive impact, says Arun Jaitley  

    "Demonetisation was a bold and decisive strike in a series of measures to arrive at a bigger, cleaner and real GDP," Jaitley told PTI at Karnali village, around 72 km from here.

    13 Feb 2017, 7.50 am  |  Source: PTI

  • Veteran bankers brainstorm: Just how can the NPA issue be solved

    Veteran bankers brainstorm: Just how can the NPA issue be solved   

    Veteran banking experts believe a serious NPA problem cannot be bilaterally solved by bankers and borrowers, it has to have major policy support from the government, the RBI and the administration.

    11 Feb 2017, 7.06 pm  |  Source: CNBC-TV18

  • Reply date for I-T queries on deposits extended till Feb 15

    Reply date for I-T queries on deposits extended till Feb 15  

    The government on Saruday extended the window for assessees receiving SMS or e-mail queries from the income tax department on cash deposits post demonetisation by five days to February 15.

    11 Feb 2017, 6.24 pm  |  Source: PTI

  • BHIM app launched on iOS platform

    BHIM app launched on iOS platform  

    Indigenous digital payments app BHIM, which the government has developed for fast and secure cashless transactions, was on Saturday made available to users of Apple devices.

    11 Feb 2017, 4.58 pm  |  Source: PTI

  • Treat honest taxpayer with dignity and courtesy: CBDT to taxman

    Treat honest taxpayer with dignity and courtesy: CBDT to taxman  

    The CBDT has urged the Income-Tax department to ensure an enhanced accountability and probity in the public dealings and see to it that honest and tax compliant people are treated with "dignity and courtesy".

    11 Feb 2017, 4.58 pm  |  Source: PTI

  • Chidambaram says Rajan quit as RBI Guv in opposition to note ban

    Chidambaram says Rajan quit as RBI Guv in opposition to note ban  

    According to the former finance minister, "someone in the Reserve Bank of India" submitted a letter to the Centre opposing a proposal to devalue high-value currency notes on the day that Rajan resigned.

    11 Feb 2017, 4.30 pm  |  Source: Moneycontrol.com

  • Want to work for a social cause? You will get paid leave

    Want to work for a social cause? You will get paid leave  

    HR managers are now allowing employees to contribute to the society even during office hours by allowing leaves and sabbaticals to the staff

    11 Feb 2017, 2.36 pm  |  Source: Moneycontrol.com

  • Banks have cut rates but RBI Guv thinks there`s room for more

    Banks have cut rates but RBI Guv thinks there's room for more   

    Reserve Bank of India Governor Urjit Patel said that given the quantum of reduction in repo rates that have taken place over the past two years, there is some more scope for reduction in lending rates.

    11 Feb 2017, 2.13 pm  |  Source: Moneycontrol.com

  • Sebi a big responsibility, says chairman-designate Ajay Tyagi

    Sebi a big responsibility, says chairman-designate Ajay Tyagi  

    A day after being named the next Sebi chief, senior bureaucrat Ajay Tyagi today said it is a big responsibility and he is looking forward to handling it.

    11 Feb 2017, 12.48 pm  |  Source: PTI

  • Sebi evolving as per needs of economy: Jaitley

    Sebi evolving as per needs of economy: Jaitley  

    Finance Minister Arun Jaitley today said Sebi is evolving as per the requirements of the economy and markets as a professional organisation, as he discussed his Budget initiatives with the markets regulator.

    11 Feb 2017, 12.48 pm  |  Source: PTI

  • Need to attract investments for regional exploration: Govt

    Need to attract investments for regional exploration: Govt  

    The government today said there is a need for attracting investments and private exploration agencies in regional exploration.

    10 Feb 2017, 9.56 pm  |  Source: PTI

  • SBI will be global player after merger with associates: Jaitley

    SBI will be global player after merger with associates: Jaitley   

    SBI will be a global player, controlling 25 percent of the Indian banking industry, after the merger with its associate and subsidiary units, Finance Minister Jaitley said in an exclusive interview to CNBC-TV18.

    10 Feb 2017, 9.11 pm  |  Source: CNBC-TV18

  • Weakness in IIP to continue for next 2-3 months: Experts

    Weakness in IIP to continue for next 2-3 months: Experts   

    DK Joshi, Chief Economist, CRISIL is also not surprised at the negative IIP number for December and expects the weakness to continue over the next 2-3 months.

    10 Feb 2017, 7.03 pm  |  Source: CNBC-TV18

  • India’s factory output shrinks 0.4 percent in December

    India’s factory output shrinks 0.4 percent in December  

    India’s factory output contracted to -0.4 percent in December 2016 from a growth 5.7 percent in November and -0.9 percent in December 2015, amid signs of faltering industrial activity due to demonetisation.

    10 Feb 2017, 6.54 pm  |  Source: Moneycontrol.com

  • India`s factory output shrinks in December

    India's factory output shrinks in December  

    India’s factory output contracted 0.4 percent in December amid signs of faltering industrial activity because of demonetisation.

    10 Feb 2017, 5.41 pm  |  Source: Moneycontrol.com

  • Demonetisation delayed NPA resolution, merger by a quarter: SBI

    Demonetisation delayed NPA resolution, merger by a quarter: SBI  

    The demonetisation move has impacted the bad loan resolution and the merger of State Bank of India’s merger with its associates by one quarter, according to bank Chairman Arundhati Bhattacharya.

    10 Feb 2017, 5.18 pm  |  Source: Moneycontrol.com

  • RBI sets rupee reference rate at 67.9367 against dollar

    RBI sets rupee reference rate at 67.9367 against dollar  

    The Reserve Bank of India today fixed the reference rate of the rupee at 67.9367 against the US dollar and 71.3344 for the euro.

    10 Feb 2017, 5.00 pm  |  Source: PTI

  • Fund raising via QIP down 67% to Rs 4,300 cr in Apr-Nov FY`17

    Fund raising via QIP down 67% to Rs 4,300 cr in Apr-Nov FY'17  

    The funds have been mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes.

    10 Feb 2017, 4.08 pm  |  Source: PTI

  • TIES to focus on projects like custom points, cold storages

    TIES to focus on projects like custom points, cold storages  

    Finance Minister Arun Jaitley in the Budget announced a new central scheme Trade Infrastructure for Export Scheme (TIES) to develop export infrastructure in states.

    10 Feb 2017, 3.24 pm  |  Source: PTI

  • Interest rates seen on hold until late 2018: Poll

    Interest rates seen on hold until late 2018: Poll  

    While the consensus view in the survey of 45 economists pointed to the policy repo rate staying unchanged at 6.25 percent until July-September quarter 2018, a little less than one-fifth still predicted a cut as early as April-June...

    10 Feb 2017, 3.11 pm  |  Source: Reuters

  • Indirect tax revenue grows 24% in Apr-Jan;direct tax up 10.79%

    Indirect tax revenue grows 24% in Apr-Jan;direct tax up 10.79%  

    Total direct and indirect tax collections at the end of January stood at Rs 12.85 lakh crore, 76 percent of the Rs 16.99 lakh crore target, as per revised estimate for 2016-17.

    10 Feb 2017, 3.00 pm  |  Source: PTI

  • UBI scheme should have a cut off income, says Kaushik Basu

    UBI scheme should have a cut off income, says Kaushik Basu  

    "The Universal Basic Income scheme should give a cut off income & ask ones above it to voluntarily forego it. That'll also be a civics lesson," Basu, who is currently Professor of Economics at Cornell University, said in a tweet.

    10 Feb 2017, 2.50 pm  |  Source: PTI

  • Need for improvement in urban infrastructure: Minister

    Need for improvement in urban infrastructure: Minister  

    "Migration is a worldwide phenomenon which is bound to take place. We have to prepare ourselves for that, to ensure that those who migrate to cities are given whatever they expect from cities," Minister of State for Housing and Ur...

    10 Feb 2017, 2.40 pm  |  Source: PTI

  • Indian cotton exporters default, delay shipments as prices rally

    Indian cotton exporters default, delay shipments as prices rally  

    The move by the world's biggest cotton producer is likely to help rival suppliers like Brazil, the United States and some African countries boost exports, with some India textile mills even starting to import cheaper fibre from ov...

    10 Feb 2017, 2.08 pm  |  Source: Reuters

  • Hemant Bhargava appointed LIC Managing Director

    Hemant Bhargava appointed LIC Managing Director  

    LIC already has Usha Sangwan as its managing director and Bhargava will join her as the second MD

    10 Feb 2017, 12.37 pm  |  Source: Moneycontrol.com

  • Demonetisation: Taxmen suspect income mismatch for 18 lakh people

    Demonetisation: Taxmen suspect income mismatch for 18 lakh people  

    Labelled ‘Operation Clean Money’, the I-T department has uploaded the first set of data on its electronic filing portal.

    10 Feb 2017, 12.18 pm  |  Source: Moneycontrol.com

  • Listing of state general insurers may be staggered. Here is why

    Listing of state general insurers may be staggered. Here is why  

    Two to be listed in FY18, others insurers' IPO to be done in subsequent financial years

    10 Feb 2017, 11.33 am  |  Source: Moneycontrol.com

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