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moneycontrol.com

Economy

  • Monsoon rains cover half of India; to accelerate sowing

    Monsoon rains cover half of India; to accelerate sowing  

    Monsoon rains have covered nearly half of the country, the weather department said on Monday, accelerating planting of summer crops like paddy rice, soybeans, cotton and pulses.

    20 Jun 2016, 7.25 pm  |  Source: Reuters

  • RBI`s Rajan defends record, inflation fight

    RBI's Rajan defends record, inflation fight  

    The Reserve Bank of India chief on Monday defended his record in fighting inflation and made a case for monetary policy reforms he has championed, in his first public appearance since announcing he will step down at the end of his...

    20 Jun 2016, 7.24 pm  |  Source: Reuters

  • Relaxed FDI norms to boost manufacturing, generate jobs: Das

    Relaxed FDI norms to boost manufacturing, generate jobs: Das   

    Manufacturing and job generation will get a boost by the latest round of liberalisation in Foreign Direct Investment (FDI) norms that include doing away with dual clearances, Economic Affairs Secretary Shaktikanta Das said on June...

    20 Jun 2016, 6.44 pm  |  Source: PTI

  • New FDI norms to give domestic manufacturing a push: NITI CEO

    New FDI norms to give domestic manufacturing a push: NITI CEO   

    Speaking to CNBC-TV18 Amitabh Kant said that the eventual objective is to give thrust to domestic manufacturing. Global players/investors need to work in partnership with Indian companies so that domestic companies are not hurt.

    20 Jun 2016, 5.59 pm  |  Source: CNBC-TV18

  • FDI up to 74% in brownfield pharma under automatic route

    FDI up to 74% in brownfield pharma under automatic route  

    The government on June 20 allowed up to 74 percent foreign direct investment in the existing pharmaceutical companies through automatic route, with an aim to promote the sector

    20 Jun 2016, 5.48 pm  |  Source: PTI

  • 95% labour force do not have formal vocational skills

    95% labour force do not have formal vocational skills  

    Nearly 95 percent of India's labour force do not possess formal vocational skills, says a report emphasising on the need for skill development in the country

    20 Jun 2016, 5.40 pm  |  Source: PTI

  • Govt trains its guns on ease of doing biz with FDI breather

    Govt trains its guns on ease of doing biz with FDI breather  

    The govt's move enforce a highly liberalised FDI regime is likely to soothe the nerves of investors who have been stirred by RBI Governor Raghuram Rajan's latest salvo. It also aims provide impetus to job creation and employment o...

    20 Jun 2016, 5.39 pm  |  Source: Moneycontrol.com

  • India now most open economy in world for FDI, says PM Modi

    India now most open economy in world for FDI, says PM Modi  

    "Key reform decisions were taken at a high level meeting chaired by the PM, which makes India the most open economy in the world for FDI," Modi said in a tweet.

    20 Jun 2016, 3.19 pm  |  Source: Reuters

  • FDI move is a big set-back to domestic players: Walchandnagar

    FDI move is a big set-back to domestic players: Walchandnagar   

    I do not think it is a right step. In fact, a big set-back for the domestic manufacturers. The move doesn't give any indigenous impetus, says GK Pillai, the MD & CEO of Walchandnagar Industries in an interview with CNBC-TV18.

    20 Jun 2016, 2.57 pm  |  Source: CNBC-TV18

  • Govt launches 2nd wave of FDI reforms; 9 sectors to benefit

    Govt launches 2nd wave of FDI reforms; 9 sectors to benefit   

    The government today launched a second wave of FDI reforms allowing 100 percent inflows in civil aviation and food processing sectors while easing norms in defence and pharmaceuticals

    20 Jun 2016, 1.25 pm  |  Source: PTI

  • New RBI guv must maintain policy-making credibility: Experts

    New RBI guv must maintain policy-making credibility: Experts   

    Sonal Varma of Nomura Financial Advisory and Dharmesh Mehta of Axis Capital say it will be key for Rajan's successor to improve and build on what he has achieved so far.

    20 Jun 2016, 12.59 pm  |  Source: CNBC-TV18

  • RBI chief Rajan felt undermined in weeks before quitting:Sources

    RBI chief Rajan felt undermined in weeks before quitting:Sources  

    A newspaper report a week ago that a selection panel would consider a field of candidates rather than directly offer the former IMF chief economist an extension to his three-year term, effectively forcing him to reapply for his ow...

    20 Jun 2016, 8.58 am  |  Source: Reuters

  • Urjit Patel best placed to replace Rajan as RBI Governor: Ambit

    Urjit Patel best placed to replace Rajan as RBI Governor: Ambit  

    On Ambit’s scale of one to five for parameters like macroeconomic management, banking supervision and independence, Patel scores as an average of 3.3.

    20 Jun 2016, 8.54 am  |  Source: Moneycontrol.com

  • Corporate India hits pause button on fresh investments

    Corporate India hits pause button on fresh investments  

    The global economic situation, according to the poll, remains fragile and any firm recovery remains elusive as 64 percent of the participants signalled that demand situation would remain worrisome.

    20 Jun 2016, 8.50 am  |  Source: PTI

  • Economy to see rising external, internal uncertainties: Report

    Economy to see rising external, internal uncertainties: Report  

    According to the global financial services major, while the medium term outlook of the economy remains constructive, latest data releases are "somewhat disappointing".

    20 Jun 2016, 8.50 am  |  Source: PTI

  • Govt aims to complete Uttarakhand highways for Mansarovar by Apr

    Govt aims to complete Uttarakhand highways for Mansarovar by Apr  

    The highways will make the arduous journey to one of the most revered treks at high altitude easily accessible from next year onwards as tough Himalayan rocks are being cut to make highways for reaching Kailash-Mansarovar -- a fam...

    20 Jun 2016, 8.30 am  |  Source: PTI

  • Rexit: What do industry and market experts think?

    Rexit: What do industry and market experts think?  

    We were all worried about the Brexit vote this week, but I think now we are going to grapple with 'Rexit'. I think Rajan going out, of course, will not be taken well by the market. The initial reaction will obviously be down for t...

    20 Jun 2016, 8.28 am  |  Source: CNBC-TV18

  • Odisha electronics park likely to attract Rs 1,000 cr investment

    Odisha electronics park likely to attract Rs 1,000 cr investment  

    The park is ready to house around 100 units of electronics manufacturing cluster with state-of-the-art, infrastructure and common facilities, state Industries Minister Debi Prasad Mishra said.

    20 Jun 2016, 8.28 am  |  Source: PTI

  • Take up cleanliness drive for Swachh Bharat: Govt tells cos

    Take up cleanliness drive for Swachh Bharat: Govt tells cos  

    Corporate Affairs Ministry, which is implementing the Companies Act, has asked firms and other stakeholders to carry out activities related to cleanliness for a fortnight as part of the 'Swachhata Pakhwada'.

    20 Jun 2016, 8.26 am  |  Source: PTI

  • Govt looks to make water transportation competitive

    Govt looks to make water transportation competitive  

    The shipping ministry is organising a workshop in this regard to discuss ways and means to promote water transportation and make it competitive to roads and railways transportation, an official release said.

    20 Jun 2016, 8.26 am  |  Source: PTI

  • HP govt launches skill development project

    HP govt launches skill development project  

    Training would be provided by government institutes and departments, private sector and industries/industrial associations under the project which is launched with external assistance from Asian Development Bank, a spokesperson sa...

    20 Jun 2016, 8.00 am  |  Source: PTI

  • Haryana CM announces slew of development projects for Gurgaon

    Haryana CM announces slew of development projects for Gurgaon  

    On the power grid project, he said, "Within two years, there will be no power crisis in Gurgaon as a smart power grid is being developed here which will supply 24 hours electricity in the city. This task will be completed in four ...

    20 Jun 2016, 8.00 am  |  Source: PTI

  • Wanted: An independent RBI chief to champion reforms

    Wanted: An independent RBI chief to champion reforms  

    Under Rajan, who unexpectedly announced on Saturday he would step down when his tenure ends in September, the RBI has started to institutionalise its decision-making and reduce the power of the governor, including through the intr...

    20 Jun 2016, 7.56 am  |  Source: Reuters

  • India received $55 bn in FDI in two years: Sushma Swaraj

    India received $55 bn in FDI in two years: Sushma Swaraj  

    Sushma Swaraj addressed an hour-long annual press conference in which she highlighted the achievements of the NDA government in the diplomatic spehere in the past one year, dwelling at length on initiatives to expand India's globa...

    20 Jun 2016, 7.28 am  |  Source: PTI

  • Nitish Kumar reviews Nabinagar power project

    Nitish Kumar reviews Nabinagar power project  

    Chief Minister expressed satisfaction over the progress of Nabinagar Power Generating Company Ltd (NPGCL), Nabinagar in Aurangabad district, an official release said.

    20 Jun 2016, 7.28 am  |  Source: PTI

  • Punjab CM urges Centre to resolve agrarian crisis in the country

    Punjab CM urges Centre to resolve agrarian crisis in the country  

    "Otherwise the national economy on the whole would be in tatters," Badal said while addressing a gathering at the foundation laying ceremony of the Indian Institute of Management (IIM) at Manawala, near here.

    20 Jun 2016, 7.28 am  |  Source: PTI

  • RBI will survive any Governor, says outgoing Rajan

    RBI will survive any Governor, says outgoing Rajan  

    Reserve Bank will survive any Governor and it is important not to "personalise this office", the outgoing Raghuram Rajan said days before his surprise announcement that he was not interested in a second term.

    19 Jun 2016, 7.18 pm  |  Source: PTI

  • Rajan`s decision a personal choice; we must respect: Kochhar

    Rajan's decision a personal choice; we must respect: Kochhar  

    RBI Governor Raghuram Rajan's decision to not seek a second term is a "personal one" which everybody should respect, ICICI Bank MD & CEO Chanda Kochhar said today.

    19 Jun 2016, 6.36 pm  |  Source: PTI

  • Speculation mounts on Rajan successor; mkt braces for volatility

    Speculation mounts on Rajan successor; mkt braces for volatility  

    Speculation was rife today on who will succeed Raghuram Rajan as RBI Governor with over a dozen names doing the rounds, including that of Deputy Governor Urjit Patel, former CAG Vinod Rai and SBI chief Arundhati Bhattacharya.

    19 Jun 2016, 6.34 pm  |  Source: PTI

  • India Inc `saddened` by Rajan`s decision over 2nd term

    India Inc 'saddened' by Rajan's decision over 2nd term  

    Top industry leaders today said RBI Governor Raghuram Rajan's decision not to take a second term will be "nation's loss" as he brought economic stability and enhanced India's credibility on the world stage.

    19 Jun 2016, 5.46 pm  |  Source: PTI

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