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Economy

  • Govt extends deadline to submit EoI for mega food parks

    Govt extends deadline to submit EoI for mega food parks  

    "The date for submission of EOIs/ proposals has now been extended upto October 7, 2016," the Food Processing Ministry said in a statement.

    17 Sep 2016, 2.30 pm  |  Source: PTI

  • Centre okays Rs 500 cr for J&K under Swadesh Darshan scheme

    Centre okays Rs 500 cr for J&K under Swadesh Darshan scheme  

    "The Central Sanctioning and Monitoring Committee, chaired by Union Tourism Secretary Vinod Zutshi, for Swadesh Darshan Scheme has approved projects to the tune of Rs 500 crore as part of Development Package of Prime Minister Reco...

    17 Sep 2016, 2.30 pm  |  Source: PTI

  • There are budgetary constraints on recapitalising banks: Jaitley

    There are budgetary constraints on recapitalising banks: Jaitley  

    "Obviously banks would prefer more funds for recapitalisation but there are budgetary constraints," Jaitley told a news conference after meeting bankers in New Delhi.

    17 Sep 2016, 2.25 pm  |  Source: Reuters

  • Nepal invites Indian investment in agriculture, herbal sectors

    Nepal invites Indian investment in agriculture, herbal sectors  

    Dahal, who is popularly known as Prachanda, said, "We are in the process of ratifying Bilateral Investment Promotion and Protection Agreement(BIPA) with India." The Nepal Prime Minister said that his country has taken many steps t...

    17 Sep 2016, 1.56 pm  |  Source: PTI

  • Andhra Pradesh tops in attracting industrial investments

    Andhra Pradesh tops in attracting industrial investments  

    Andhra Pradesh attracted an investment of Rs 21,914 crore out of the Rs 1,38,700 crore gross investments across India, the state government said in an official release today, quoting a report by the Reserve Bank of India.

    17 Sep 2016, 1.56 pm  |  Source: PTI

  • Telangana govt signs MoU to help Goa in IT development

    Telangana govt signs MoU to help Goa in IT development  

    According to an official release, Goa Chief Minister Laxmikant Parsekar and Telangana IT minister K T Rama Rao signed the MoU and decided to work together in IT development.

    17 Sep 2016, 1.56 pm  |  Source: PTI

  • Economists discuss impact of negative interest rates on growth

    Economists discuss impact of negative interest rates on growth   

    Negative interest rates is not only hampering global growth but they are here to stay and won’t be going away anytime soon, said Luis Oganes, Chief Economist, JPMorgan.

    17 Sep 2016, 12.17 pm  |  Source: CNBC-TV18

  • Kharif crop MSP applicable from this month: Centre

    Kharif crop MSP applicable from this month: Centre  

    With some crops like pulses starting to arrive in mandis a bit early, the government today said minimum support price (MSP) of all kharif crops grown this year will be applicable from September.

    16 Sep 2016, 8.20 pm  |  Source: PTI

  • CEA panel for higher MSP, removal of export ban on pulses

    CEA panel for higher MSP, removal of export ban on pulses   

    To provide farmers with better incentives for pulses relative to competing crops, a government-appointed committee under the Chief Economic Advisor Arvind Subramanian Friday proposed a hike in minimum support price (MSP) in a repo...

    16 Sep 2016, 5.55 pm  |  Source: CNBC-TV18

  • Crude reality: Low oil prices spell little cheer for common man

    Crude reality: Low oil prices spell little cheer for common man  

    On September 1, petrol price was hiked by Rs 3.38 per litre and diesel by Rs 2.67 per litre which was followed by another price revision yesterday, where petrol was up Rs 0.58 per litre and diesel saw a marginal cut of Rs 0.31 pai...

    16 Sep 2016, 5.39 pm  |  Source: Moneycontrol.com

  • India`s Iran oil imports surge to highest in 15 years in Aug

    India's Iran oil imports surge to highest in 15 years in Aug  

    India received about 576,000 barrels per day (bpd) of Iranian oil in August, up about 10 percent from July, according to trade sources and ship arrival data compiled by Thomson Reuters Supply Chain & Commodities Research.

    16 Sep 2016, 4.00 pm  |  Source: Reuters

  • `60 large and medium industrial units set up Haryana in 2 yrs`

    '60 large and medium industrial units set up Haryana in 2 yrs'  

    "These units provide employment to 18,070 persons. Also, about 8,077 Micro Small and Medium Enterprises (MSMEs) units have been set up with an investment of Rs 9,248 crore providing employment to over 1,36,689 persons during the s...

    16 Sep 2016, 4.00 pm  |  Source: PTI

  • GST to be game changer for mfg, ease of doing business: Abhishek

    GST to be game changer for mfg, ease of doing business: Abhishek  

    The much-awaited indirect tax reform "will be the game changer for the manufacturing sector as well as enhancing ease of doing business", said DIPP Secretary Ramesh Abhishek while addressing a Make in India session at the Automech...

    16 Sep 2016, 3.46 pm  |  Source: PTI

  • Irdai expects foreign reinsurers to set up shop from January

    Irdai expects foreign reinsurers to set up shop from January  

    The global reinsurers that have approached Irdai for licence include Munich Re, Swiss Re, Scor, Hannover Re, XL Catlin and RGA.

    16 Sep 2016, 3.36 pm  |  Source: PTI

  • Foreign tourist arrivals in January-July up 10% at 49.22 lakh

    Foreign tourist arrivals in January-July up 10% at 49.22 lakh  

    The Department of Industrial Policy and Promotion (DIPP) also said that FDI equity inflow increased by 72 percent in 2015-16.

    16 Sep 2016, 3.12 pm  |  Source: PTI

  • RBI will keep low inflation in mind while deciding rates: FM

    RBI will keep low inflation in mind while deciding rates: FM  

    The cooling of retail inflation and 2.4 percent contraction of factory output in July has revived hopes for a rate cut by RBI in its next policy meet on October 4 to boost growth.

    16 Sep 2016, 2.48 pm  |  Source: PTI

  • 4 banks looking into Jandhan account deposits: Arun Jaitley

    4 banks looking into Jandhan account deposits: Arun Jaitley  

    "In case of few accounts, this issue has arisen and there are names of four banks. We have asked them. The banks are investigating from their branches whether account holders have put in money or business correspondents have done ...

    16 Sep 2016, 2.30 pm  |  Source: PTI

  • Banks may be able to `deprovision` as they recover: Arun Jaitley

    Banks may be able to 'deprovision' as they recover: Arun Jaitley   

    Jaitley, addressing a news conference after meeting top bankers in New Delhi, also said he hoped banks would "gear up" to the point where they would be able to transmit cuts in policy rates by the Reserve Bank of India.

    16 Sep 2016, 2.23 pm  |  Source: Reuters

  • Kerala govt to raise funds through KIIFB to boost investment

    Kerala govt to raise funds through KIIFB to boost investment  

    State Finance Minister T M Thomas Issac today said it will take at least three years for the government to bring the state's budget to a normal state but this situation would not be allowed to impact its investment plans.

    16 Sep 2016, 2.16 pm  |  Source: PTI

  • China sets up council to promote investments with India

    China sets up council to promote investments with India  

    The council was set up by China Council for the Promotion of International Trade (CCPIT) and will be based in China's Hunan province.

    16 Sep 2016, 2.04 pm  |  Source: PTI

  • Govt formally notifies GST Council

    Govt formally notifies GST Council  

    The council will be chaired by Union Finance Minister and have Minister in charge of Finance or Taxation or any other Minister nominated by each State Government as its member.

    16 Sep 2016, 1.58 pm  |  Source: PTI

  • Govt sets MoU targets for 234 CPSEs

    Govt sets MoU targets for 234 CPSEs  

    The MoU targets help the central public sector enterprises (CPSEs) meet their investment goals. The process entrusted to the Department of Public Enterprises (DPE) was completed through consultation with the administrative Ministr...

    16 Sep 2016, 1.58 pm  |  Source: PTI

  • Report on removal of 25MW renewable cap on hydro projects soon

    Report on removal of 25MW renewable cap on hydro projects soon  

    "India's renewable energy capacity could touch 225 GW by 2022 if hydroelectricity is added to the renewable category as is being done the world over," Goyal told PTI after his visit to the city and Limkheda in Dohad yesterday.

    16 Sep 2016, 1.44 pm  |  Source: PTI

  • Mauritius seeks India`s support in handloom, handicraft

    Mauritius seeks India's support in handloom, handicraft  

    Mauritius Finance Minister Pravind Jugnauth, currently on a visit to India, met Union MSME Minister Kalraj Mishra.

    16 Sep 2016, 10.44 am  |  Source: PTI

  • Sugar prices to remain firm in next 3-4 quarters: ICRA

    Sugar prices to remain firm in next 3-4 quarters: ICRA  

    "In the next 3-4 quarters, any further increase from the current levels would depend on factors like expectations of sugar production during SY2017, sugar mills' own actions on supplies depending upon their inventory-holding capac...

    16 Sep 2016, 10.40 am  |  Source: PTI

  • Interest rate cycle bottoming out: Ind-Ra

    Interest rate cycle bottoming out: Ind-Ra  

    "Inflation appears to have bottomed out, however, inflationary expectations have once again shown an uptick," Ind-Ra said in a statement.

    16 Sep 2016, 10.40 am  |  Source: PTI

  • Govt to launch Rs 1,500 cr Eway project in UP: Nitin Gadkari

    Govt to launch Rs 1,500 cr Eway project in UP: Nitin Gadkari  

    "Detailed project report is being prepared for an eight-lane access controlled expressway between Kanpur and Lucknow. The estimated cost of the project would be around Rs 1,500 crore," the minister said here.

    16 Sep 2016, 10.40 am  |  Source: PTI

  • RBI to shortly issue Rs 20 notes with Guv Urjit Patel signature

    RBI to shortly issue Rs 20 notes with Guv Urjit Patel signature  

    RBI said the Mahatma Gandhi Series-2005 will have the inset letter 'R' on both number panels and the year of printing '2016' printed on reverse of the banknote.

    16 Sep 2016, 10.02 am  |  Source: PTI

  • Gold imports dip 77% to $1.11 bn in August

    Gold imports dip 77% to $1.11 bn in August   

    According to the data of the commerce ministry, gold imports had stood at USD 4.95 billion in August last year.

    16 Sep 2016, 10.02 am  |  Source: PTI

  • Adhere to timeline on EMV chip based cards: RBI to banks

    Adhere to timeline on EMV chip based cards: RBI to banks  

    EMV chip cards, which come with a microprocessor chip that store and protect cardholder data, and PIN based cards enhance security and risk mitigation in card transactions.

    16 Sep 2016, 10.02 am  |  Source: PTI

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