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Economy

  • Pulses inflation in double digits since Jan 2015

    Pulses inflation in double digits since Jan 2015  

    The inflation in pulses have been recording double digit increase since January 2015 when it was 12.56 percent. Since then inflation touched a high of 58.09 percent in November 2015.

    18 Apr 2016, 5.40 pm  |  Source: PTI

  • Sugar output falls 8% to 24.34 mn tonnes during Oct-Apr

    Sugar output falls 8% to 24.34 mn tonnes during Oct-Apr  

    According to the Indian Sugar Mills Association (ISMA), the sugar output fell mainly in Maharashtra and Karnataka.

    18 Apr 2016, 5.18 pm  |  Source: PTI

  • Domestic cotton output to be 341 lakh bales in 2015-16: CAI

    Domestic cotton output to be 341 lakh bales in 2015-16: CAI  

    The Cotton Association of India (CAI) has placed its March estimate of the cotton crop for the 2015-16 season at 341 lakh bales (170 kgs each).

    18 Apr 2016, 4.02 pm  |  Source: PTI

  • ADB clears $300 mn loan for upgradation of UP roads

    ADB clears $300 mn loan for upgradation of UP roads  

    The project supports the state government's core road network improvement master plan, under which the government plans to improve the roads through a combination of state, private and multilateral resources, ADB said in a stateme...

    18 Apr 2016, 4.00 pm  |  Source: PTI

  • India`s October-March cotton supplies drop 12%

    India's October-March cotton supplies drop 12%  

    The world's biggest cotton producer is likely to harvest 34.1 million bales of cotton in the 2015/16 season, that started on October 1, down from last year's output of 38.3 million bales, added the trade body.

    18 Apr 2016, 3.46 pm  |  Source: Reuters

  • India`s GDP growth likely to be 7.7% this fiscal: Citigroup

    India's GDP growth likely to be 7.7% this fiscal: Citigroup  

    According to the global financial services major, India's relative macro outperformance continues in a difficult global environment and "it might be time to tune up the optimism on India again".

    18 Apr 2016, 3.30 pm  |  Source: PTI

  • RBI sets some state loans` cut-offs at six-month low

    RBI sets some state loans' cut-offs at six-month low  

    The lower cut-offs are likely to come as a relief for state governments, given the fear of higher costs of debt, as their market borrowing is seen up by around 20 percent compared with last year.

    18 Apr 2016, 3.09 pm  |  Source: Reuters

  • Good monsoon to send encouraging signals for inflation, growth

    Good monsoon to send encouraging signals for inflation, growth  

    According to the research report, after two successive years of drought, the prediction of above normal monsoon will bring cheers to every sphere of the economy.

    18 Apr 2016, 3.02 pm  |  Source: PTI

  • Fossil fuels could be phased out worldwide in a decade: study

    Fossil fuels could be phased out worldwide in a decade: study  

    Professor Benjamin Sovacool, Director of the Sussex Energy Group at the University of Sussex in the UK, believes that the next great energy revolution could take place in a fraction of the time of major changes in the past.

    18 Apr 2016, 1.30 pm  |  Source: PTI

  • Uttar Pradesh topper in PPP project investments: Study

    Uttar Pradesh topper in PPP project investments: Study  

    "A total of about 1,200 projects in different segments of the infrastructure sector with investments worth about Rs 7 lakh crore are being carried out in the PPP mode throughout India," said Secretary General of Assocham D S Rawat...

    18 Apr 2016, 1.14 pm  |  Source: PTI

  • RBI likely to go for 25 basis points rate cut on Aug 9: BofA-ML

    RBI likely to go for 25 basis points rate cut on Aug 9: BofA-ML  

    According to the global financial services major Bank of America Merrill Lynch (BofA-ML), a further easing of 25 bps is likely as CPI inflation came in at a below-expected 4.8 percent for March, and February IIP grew an anemic 2 p...

    18 Apr 2016, 12.36 pm  |  Source: PTI

  • March WPI at -0.85% YoY vs -0.91% in February

    March WPI at -0.85% YoY vs -0.91% in February   

    Wholesale inflation for India for the month of March came in -0.85 percent year-on-year, continuing its tryst with negative territory, compared to 0.91 percent in February.

    18 Apr 2016, 12.11 pm  |  Source: Moneycontrol.com

  • Expansion an elusive dream for Indian industry

    Expansion an elusive dream for Indian industry  

    There is a renewed manufacturing push under Modi's flagship 'Make In India', but with global demand depressed, factories remain under-utilised and plans to increase corporate investment are left on the back burner.

    18 Apr 2016, 10.52 am  |  Source: Reuters

  • India `woman that wants to be wooed by all`: Chinese media

    India 'woman that wants to be wooed by all': Chinese media  

    "The basic idea is that India would like to continue to be the most beautiful woman wooed by all men, notably the two strongest in the house, US and China," the article titled 'Indo-US strategic distrust stalls LSA signing'.

    18 Apr 2016, 9.24 am  |  Source: PTI

  • In need of cash, India chases $117 bn in elusive back taxes

    In need of cash, India chases $117 bn in elusive back taxes  

    A series of announcements in recent weeks aims to streamline tax collection in a country where the tax-to-GDP ratio, at 16.6 percent, is among the lowest among emerging economies. Only about one in 18 earning individuals pays tax.

    18 Apr 2016, 9.17 am  |  Source: Reuters

  • India attaches highest priority to ties with China: Parrikar

    India attaches highest priority to ties with China: Parrikar  

    "India attaches highest priority to relations with China and committed to further developing friendly and cooperative relations with China," Parrikar told Chang in his opening remarks before the two delegations started the talks.

    18 Apr 2016, 9.04 am  |  Source: PTI

  • Low per capita income, demographics to favour India, Indonesia

    Low per capita income, demographics to favour India, Indonesia  

    According to a research by Deutsche Bank, the economic growth gap between major Asian emerging market and the rest will remain significant.

    18 Apr 2016, 8.12 am  |  Source: PTI

  • Onion output to hit record high of 203 lakh tonnes in 2015-16

    Onion output to hit record high of 203 lakh tonnes in 2015-16  

    Onion output had dropped to 189.2 lakh tonnes in 2014-15 crop year (July-June) due to poor rains. The previous record was 194 lakh tonnes in 2013-14.

    18 Apr 2016, 8.10 am  |  Source: PTI

  • PSU banks may face further stress on asset quality: Moody`s

    PSU banks may face further stress on asset quality: Moody's  

    Banks have started classifying non-viable loans as bad assets as per RBI norms, which has started impacting their balance sheet.

    18 Apr 2016, 8.08 am  |  Source: PTI

  • Banks` stressed assets may touch Rs 10 lakh cr in Q4: Report

    Banks' stressed assets may touch Rs 10 lakh cr in Q4: Report  

    At the end of December, the total stressed assets (Gross NPAs plus restructured assets) of all the banks were at Rs 8 lakh crore, which is expected to see a significant jump, according to a report by industry body Assocham.

    18 Apr 2016, 8.08 am  |  Source: PTI

  • States to borrow more, miss fiscal targets by 50 bps: Nomura

    States to borrow more, miss fiscal targets by 50 bps: Nomura  

    According to the study by Japanese brokerage Nomura, which was based on the 2016-17 Budgets of 16 states, this comes on top the sharp 22 percent rise in borrowings in the previous fiscal despite an increase in central transfers.

    18 Apr 2016, 8.00 am  |  Source: PTI

  • FDI inflows up 37% to $39.32 bn in 2015

    FDI inflows up 37% to $39.32 bn in 2015  

    The foreign investment inflows stood at USD 28.78 billion in 2014, according to data by the Department of Industrial Policy and Promotion (DIPP).

    18 Apr 2016, 7.52 am  |  Source: PTI

  • Iran can be reliable partner for India`s energy needs: Rouhani

    Iran can be reliable partner for India's energy needs: Rouhani  

    Sushma Swaraj, who arrived here yesterday, called on Rouhani and held talks with her Iranian counterpart Javad Zarif, besides meeting with Supreme Leader Sayyed Ali Khamenei's Advisor Ali Akbar Velayati and deliberated on a range ...

    18 Apr 2016, 7.50 am  |  Source: PTI

  • Pradhan visits Bangladesh to further energy ties

    Pradhan visits Bangladesh to further energy ties  

    The visit from April 17-19 "is aimed at following up on the ambitious agenda set between India and Bangladesh during the visit of Prime Minister Narendra Modi to Bangladesh in June last year," an official statement said here.

    18 Apr 2016, 7.50 am  |  Source: PTI

  • Odisha CM seeks farm training institute in state

    Odisha CM seeks farm training institute in state  

    "The state has 10 agro-climatic zones and hence there is a need to ensure quick testing of implements/machinery developed which are suitable for different agro-climatic conditions," Patnaik said in a letter to Union Agriculture Mi...

    18 Apr 2016, 7.50 am  |  Source: PTI

  • India planning to continue supply of HSD to Bangladesh

    India planning to continue supply of HSD to Bangladesh  

    "India is planning to continue supply of HSD in a sustainable manner," said Pradhan, who is on a three-day visit here, referring to supply of 2200 MT high speed diesel from Siliguri marketing terminal of Numaligarh Refinery Ltd (N...

    18 Apr 2016, 7.32 am  |  Source: PTI

  • Swaraj meets Iranian counterpart; reviews bilateral ties

    Swaraj meets Iranian counterpart; reviews bilateral ties  

    Resetting ties, India and Iran today held extensive talks on stepping up engagement on a range of key areas, particularly to increase Indian investment in oil and gas sectors in the Persian Gulf nation which has opened several luc...

    17 Apr 2016, 4.23 pm  |  Source: PTI

  • Sebi to tighten disclosure norms for rating agencies

    Sebi to tighten disclosure norms for rating agencies  

    Besides, Sebi is also considering asking the Credit Rating Agencies (CRAs) to hive off their activities involving rating of instruments other than securities, as they do not fall under Sebi's jurisdiction, a senior official said.

    17 Apr 2016, 2.24 pm  |  Source: PTI

  • Panama Papers: The aftermath

    Panama Papers: The aftermath  

    A month ago the Panama Papers leak made headlines -- dragging down with it the names of politicians, celebrities and sportsmen. Since then a few top leaders have resigned and G20 has responded with an action plan, too.

    16 Apr 2016, 3.09 pm  |  Source: Moneycontrol.com

  • China seeks India`s cooperation in various multilateral forums

    China seeks India's cooperation in various multilateral forums  

    Such a co-operation was sought when Chinese Finance Minister Lou Jiwei met Finance Minister Arun Jaitley here on Thursday on the sidelines of the annual Spring meeting of the International Monetary Fund and the World Bank, sources...

    16 Apr 2016, 2.28 pm  |  Source: PTI

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