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Economy

  • Shivraj Singh Chouhan rolls out red carpet for US firms in MP

    Shivraj Singh Chouhan rolls out red carpet for US firms in MP  

    Shivraj Singh Chouhan, who is currently on a five-day visit to the US, addressed business leaders, executives and analysts here yesterday, touting his state as an "ideal investment destination" that has a conducive business enviro...

    31 Aug 2016, 11.14 am  |  Source: PTI

  • India may auction diamond mine abandoned by Rio Tinto

    India may auction diamond mine abandoned by Rio Tinto  

    The Bunder deposit, about 500 km (300 miles) southeast of New Delhi and discovered by Rio Tinto in 2004, is estimated to contain about 27.4 million carats of diamonds potentially worth billions of dollars.

    31 Aug 2016, 10.32 am  |  Source: Reuters

  • Apr-Jun GDP may slow to 7.5% from 7.9% QoQ

    Apr-Jun GDP may slow to 7.5% from 7.9% QoQ  

    The country's gross domestic product (GDP) growth is expected to see a slowdown in the first (April-June) quarter of fiscal year 2017, a CNBC-TV18 poll of economists suggests, as the impact of a high base and higher deflator plays...

    31 Aug 2016, 10.13 am  |  Source: CNBC-TV18

  • RBI, govt exploring introduction of interest-free banking

    RBI, govt exploring introduction of interest-free banking  

    "Some sections of Indian society have remained financially excluded for religious reasons that preclude them from using banking products with an element of interest.

    31 Aug 2016, 9.18 am  |  Source: PTI

  • GST to reduce corruption in India: Anil Agarwal

    GST to reduce corruption in India: Anil Agarwal  

    Agarwal, who was here to meet Odisha Chief Minister Naveen Patnaik, said that "GST is the best thing in the world to happen here." Stating that many countries across the globe have uniform tax structure now, he said this should al...

    31 Aug 2016, 9.16 am  |  Source: PTI

  • Govt approves Rs 7,457 cr highway projs in 11 states

    Govt approves Rs 7,457 cr highway projs in 11 states  

    "The standing finance committee (SFC) today cleared 16 projects worth Rs 7,456.88 crore for 622 km," Road Transport and Highways Secretary Sanjay Mitra told reporters.

    31 Aug 2016, 9.12 am  |  Source: PTI

  • `GST bill was not on agenda for WB`s two-day special session`

    'GST bill was not on agenda for WB's two-day special session'  

    "The special session of the West Bengal assembly was called to change the name of the state. Name change is a much bigger issue for the state than the GST," the source said.

    31 Aug 2016, 9.12 am  |  Source: PTI

  • Government concerned over fall in prices of some lentils

    Government concerned over fall in prices of some lentils  

    The government has fixed the minimum support price (MSP) of moong at Rs 5,225 per quintal for this year. The wholesale prices of moong dal have started declining sharply these days and at present are ruling at around Rs 5,750 per ...

    31 Aug 2016, 9.10 am  |  Source: PTI

  • RBI processes requests of entities applying for Bharat Bill

    RBI processes requests of entities applying for Bharat Bill  

    "The applications received from banks and non-banks for authorisation to operate as a BBPOU have been processed," RBI said in a release.

    31 Aug 2016, 9.08 am  |  Source: PTI

  • Logical to expect a rate reduction after good monsoon: Jaitley

    Logical to expect a rate reduction after good monsoon: Jaitley  

    Buoyed by the monsoon progress, the minister exuded confidence that India can achieve a 9-10 percent growth rate with a supportive global economic environment.

    31 Aug 2016, 9.00 am  |  Source: PTI

  • India`s economy seen losing steam in June quarter

    India's economy seen losing steam in June quarter  

    Having got up to 7.9 percent in the March quarter, gross domestic product growth in the June quarter is forecast at around 7.6 percent largely due to weak domestic and external demand, according to economists polled by Reuters.

    31 Aug 2016, 8.45 am  |  Source: Reuters

  • Concerned MHA tells officers to use 50 per cent budget by Sep

    Concerned MHA tells officers to use 50 per cent budget by Sep  

    Concerned over slow spending, Union Home Minister Rajnath Singh today asked officers of his ministry to ensure utilisation of 50 per cent of over Rs 75,000 crore budget by next-month end.

    30 Aug 2016, 8.50 pm  |  Source: PTI

  • Global climate must be supportive for double-digit growth: FM

    Global climate must be supportive for double-digit growth: FM   

    Globally, India has been tested a lot on the appetite for reforms and the unanimous passage of the Goods and Services Tax (GST) Amendment Bill has amply answered that, said Finance Minister Arun Jaitley speaking at the 11th editio...

    30 Aug 2016, 8.30 pm  |  Source: CNBC-TV18

  • Hashmukh Adhia flags concerns over India Inc`s readiness for GST

    Hashmukh Adhia flags concerns over India Inc's readiness for GST  

    In CNBC-TV18's India Business Leader Awards (IBLA) event, Revenue Secretary Hasmukh Adhia, Finance Secretary Shaktikanta Das, Chief Economic Advisor Arvind Subramanian and Finance Secretary Ashok Lavasa expressed there opinions ab...

    30 Aug 2016, 7.40 pm  |  Source: CNBC-TV18

  • Industry pitches for 18% GST, exemptions for e-comm players

    Industry pitches for 18% GST, exemptions for e-comm players  

    India Inc demanded relaxation in penal provisions while admitting that April 1, 2017, deadline will be tough as they need sufficient time to put in place the IT infrastructure.

    30 Aug 2016, 7.40 pm  |  Source: PTI

  • Sikkim Assembly ratifies GST Bill

    Sikkim Assembly ratifies GST Bill  

    Eleven states -- Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra and Nagaland, have already ratified the Bill.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Indian economy to grow at 7.8% in 2016-17: Survey

    Indian economy to grow at 7.8% in 2016-17: Survey  

    Releasing the latest survey, Ficci said there has been a "marginal improvement" in growth estimate for 2016-17 as against the previous round and "this comes at the back of better performance of the agriculture and industry sector"...

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Corporate borrowing costs see greater fall than home loans: RBI

    Corporate borrowing costs see greater fall than home loans: RBI  

    With banks turning stingy in passing on RBI's rate cuts to consumers, rate of home loans has fallen by only 0.26 percentage point since 2015, but corporates have managed to bring down their borrowing cost by 1.44 percentage point ...

    30 Aug 2016, 6.30 pm  |  Source: PTI

  • GST, reforms to boost India`s growth: Jaitley to US CEOs

    GST, reforms to boost India's growth: Jaitley to US CEOs   

    In his meeting with the members of the visiting US CEOs Forum, Jaitley said the trade between the two nations will get a boost due to business-to-business, business-to-government and government-to-government interaction.

    30 Aug 2016, 6.22 pm  |  Source: PTI

  • FIPB clears six FDI proposals worth Rs 105 cr

    FIPB clears six FDI proposals worth Rs 105 cr  

    The inter-ministerial body FIPB today cleared six foreign investment proposals worth Rs 105 crore.

    30 Aug 2016, 6.14 pm  |  Source: PTI

  • `Goods in 6 manufacturing sectors face inverted Customs duty`

    'Goods in 6 manufacturing sectors face inverted Customs duty'  

    According to the findings, inverted duty structure exists for products like blow-moulding machines, pressure vessels, parts of heat exchangers and nuclear reactors, boilers, their components and the like.

    30 Aug 2016, 6.14 pm  |  Source: PTI

  • Onion growers in Maharashtra to get Rs 100 per quintal

    Onion growers in Maharashtra to get Rs 100 per quintal  

    In a relief to onion growers in Maharashtra after prices of the crop fell to a record low, the state government today decided to provide grant of Rs 100 per quintal to these farmers.

    30 Aug 2016, 5.00 pm  |  Source: PTI

  • Industry demands 18% GST rate, says Apr `17 deadline difficult

    Industry demands 18% GST rate, says Apr '17 deadline difficult  

    Industry today pitched for 18 percent GST rate, saying it would generate adequate tax buoyancy without fuelling inflation and also demanded relaxation in the penal provisions.

    30 Aug 2016, 5.00 pm  |  Source: PTI

  • India invites US investments under Make In India scheme

    India invites US investments under Make In India scheme  

    Speaking at the US-India CEO Forum, which was attended by US Secretary of Commerce Penny Pritzker and several top Indian industrialists, Commerce Minister Nirmala Sitharaman invited the American investment to the country.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • Mizoram Assembly ratifies GST

    Mizoram Assembly ratifies GST  

    The state legislature unanimously adopted the official resolution moved by Finance and Taxation Minister Lalsawta after deliberations on the first day of the Assembly.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • Telangana Legislature ratifies GST Bill

    Telangana Legislature ratifies GST Bill  

    Both Houses of the Legislature met for a special one-day session to approve the Constitution (122nd Amendment) (Goods and Services Tax) Bill, passed by Parliament earlier this month.

    30 Aug 2016, 4.10 pm  |  Source: PTI

  • Corn in India firms up on supply crunch, rise in demand: USGC

    Corn in India firms up on supply crunch, rise in demand: USGC  

    "Prices seem to move up as the supply crunch is being felt and demand atlas in some pockets is being seen," USGC Representative for India, Bangladesh and Sri Lanka, Amit Sachdev said here.

    30 Aug 2016, 3.40 pm  |  Source: PTI

  • Auto industry to grow to Rs 20 lakh cr in 10 yrs: Nitin Gadkari

    Auto industry to grow to Rs 20 lakh cr in 10 yrs: Nitin Gadkari  

    "Automobile industry, which is of Rs 4.5 lakh crore at present, we will take it to Rs 20 lakh crore in 10 years. It has the potential to become number one in the world," Road Transport and Highways Minister said while addressing t...

    30 Aug 2016, 3.30 pm  |  Source: PTI

  • Need to provide more capital to PSBs to deal with NPAs: RBI

    Need to provide more capital to PSBs to deal with NPAs: RBI  

    Last month, the government injected Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth, which hit a two-decade low, to shore up cash-strapped public sector banks.

    30 Aug 2016, 3.28 pm  |  Source: PTI

  • Everything is not `hunky-dory` in retail lending: RBI

    Everything is not 'hunky-dory' in retail lending: RBI  

    "If you look at the credit growth you do see that there is more growth in private sector as opposed to the public sector banks and then you have problem of the public sector banks also going for retail. It is not necessary that ev...

    30 Aug 2016, 3.28 pm  |  Source: PTI

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