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Economy

  • India`s wheat output may be hit if temperature rises: ICAR

    India's wheat output may be hit if temperature rises: ICAR  

    Wheat is a highly temperature-sensitive crop. Recently, the India Meteorological Department (IMD) has forecast warmer winter for this year.

    06 Dec 2016, 3.32 pm  |  Source: PTI

  • Scope for further monetary easing on softer inflation: Fitch

    Scope for further monetary easing on softer inflation: Fitch  

    In its report titled '2017 Outlook: Emerging Asia Sovereigns', Fitch said India's growth outlook remains strong on the back of infrastructure spending and the implementation of ambitious reform agenda.

    06 Dec 2016, 3.14 pm  |  Source: PTI

  • FSSAI collecting samples of milk, honey to check quality

    FSSAI collecting samples of milk, honey to check quality  

    The Food Safety and Standards Authority of India (FSSAI) has set up an expert panel to review the existing standards to simplify and streamline the quality norms, he said at a CII's Food Safety and Quality summit.

    06 Dec 2016, 2.50 pm  |  Source: PTI

  • BRICS nations vow to automatic sharing of tax information

    BRICS nations vow to automatic sharing of tax information  

    The two day meeting of the heads of Revenue of Brazil, Russia, India, China and South Africa (BRICS) also resolved to support other developing nations in increasing their tax administrations' capacity to implement the OECD/G20 sta...

    06 Dec 2016, 2.12 pm  |  Source: PTI

  • MPC meeting starts, may go for 0.25% rate cut

    MPC meeting starts, may go for 0.25% rate cut  

    This is the second meeting of MPC headed by RBI Governor Urjit Patel after the first in October, when it had cut repo, or the short-term lending rate, by 0.25 percent to 6.25 percent.

    06 Dec 2016, 1.18 pm  |  Source: PTI

  • India`s oilmeal exports dip 9.75% in November

    India's oilmeal exports dip 9.75% in November  

    The country had shipped 1,20,059 tonnes of oilmeal -- used as an animal feed -- in November last year.

    06 Dec 2016, 12.56 pm  |  Source: PTI

  • India must boost manufacturing, says ADB executive

    India must boost manufacturing, says ADB executive  

    "India need Foreign Direct Investment (FDI) and it needs to participate in the global value chain," said ADB's deputy chief economist Juzhong Zhuang, referring to the push of building up manufacturing in the country.

    06 Dec 2016, 12.24 pm  |  Source: PTI

  • Room for another rate cut post Dec on food inflation drop: HSBC

    Room for another rate cut post Dec on food inflation drop: HSBC   

    While a 25 basis points interest rate cut is already factored, falling food prices could prompt the Reserve Bank of India to cut rates a second time by 25 basis points, feels Pranjul Bhandari, Chief India Economist at HSBC.

    06 Dec 2016, 12.00 pm  |  Source: CNBC-TV18

  • As Indian rate cut hopes grow, some warn of going too far

    As Indian rate cut hopes grow, some warn of going too far  

    Most economists believe the RBI will cut the repo rate by 25 basis points (bps) to a six-year low of 6.00 percent at a policy review, and follow that with at least one easing next year after the scrapping of high-value bank notes ...

    06 Dec 2016, 12.00 pm  |  Source: Reuters

  • India`s economy to rebound next year as cash crunch impact ebbs

    India's economy to rebound next year as cash crunch impact ebbs  

    India's economy is forecast to grow 7.5 percent in the financial year through March 2018, according to Deutsche Bank. Goldman Sachs pegged the number higher at 8.6 percent.

    06 Dec 2016, 10.42 am  |  Source: CNBC

  • Make e-payments if contract exceeds Rs 5,000: FinMin to deptts

    Make e-payments if contract exceeds Rs 5,000: FinMin to deptts  

    To attain the goal of complete digitisation of government payments, the ministry has lowered the threshold for making such payments from Rs 10,000 to Rs 5,000, it said in a statement.

    06 Dec 2016, 9.16 am  |  Source: PTI

  • MPC meeting begins today; may propose 0.25% rate cut

    MPC meeting begins today; may propose 0.25% rate cut  

    This would be the second meeting of the MPC headed by RBI Governor Urjit Patel after the first that happened in October, when it had cut the repo rate or short term lending rate by 0.25 percent to 6.25 percent.

    06 Dec 2016, 9.16 am  |  Source: PTI

  • Jharkhand has potential in investment and employment in tourism

    Jharkhand has potential in investment and employment in tourism  

    The state government was making efforts to develop the tourism industry, Bauri, who also holds the portfolios of Revenue, Registration and Land Reforms and Art and Culture, said.

    06 Dec 2016, 9.08 am  |  Source: PTI

  • India ready to resume BTIA talks with EU without preconditions

    India ready to resume BTIA talks with EU without preconditions  

    Government is committed to an early and balanced outcome of India-EU Bilateral Trade and Investment Agreement (BTIA) negotiations and is willing to resume talks without any preconditions, Parliament was informed today.

    05 Dec 2016, 8.46 pm  |  Source: PTI

  • Gold imports to dictate size of CAD in H2 FY17: ICRA

    Gold imports to dictate size of CAD in H2 FY17: ICRA  

    The demand for gold in the remainder of this year is likely to influence India's current account deficit (CAD) in the second half (H2) of the current fiscal, ICRA said in a report here.

    05 Dec 2016, 6.58 pm  |  Source: PTI

  • `India`s oil demand to more than double to 10-mn bpd by 2040`

    'India's oil demand to more than double to 10-mn bpd by 2040'  

    India's oil demand will more than double to 10 million barrels per day by 2040, oil producers' cartel OPEC Secretary General Mohammad Sanusi Barkindo said today as he saw the world's third largest energy consumer playing an im...

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Note ban jolts economy, RBI to cut rate by 25 bps: Experts

    Note ban jolts economy, RBI to cut rate by 25 bps: Experts   

    The Reserve Bank of India (RBI) is set to annouce its bi-monthly policy on December 7. Market and bankers are betting on a 25 basis points reduction in the interest rate.

    05 Dec 2016, 5.55 pm  |  Source: CNBC-TV18

  • RBI likely to cut rates by 25 bps on Wednesday: CNBC-TV18 poll

    RBI likely to cut rates by 25 bps on Wednesday: CNBC-TV18 poll   

    Almost 70 percent of the people are expecting a 50 bps rate cut by March 2017. Another 75 percent believe that the RBI will lower its gross value added (GVA) guidance to 7-7.5 percent from 7.6 percent due to demonetisation.

    05 Dec 2016, 5.00 pm  |  Source: CNBC-TV18

  • RBI should offset US Fed hike, EU political uncertainty: IDFC

    RBI should offset US Fed hike, EU political uncertainty: IDFC   

    Before the upcoming Reserve Bank of India (RBI) meet, Rajiv Lall, MD of IDFC said that the central bank needs to maintain a balancing act as it needs to keep in mind the imminent rate hike by the US Fed and the political uncertain...

    05 Dec 2016, 5.00 pm  |  Source: CNBC-TV18

  • Govt weighing hike in EPFO wage ceiling to Rs 25,000

    Govt weighing hike in EPFO wage ceiling to Rs 25,000  

    The increase in wage ceiling for coverage under EPFO schemes to Rs 25,000 could add 50 lakh additional formal sector workers to around four crore contributing subscribers.

    05 Dec 2016, 4.08 pm  |  Source: PTI

  • Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

    Demonetisation: Equities remain best bet; avoid exposure to gold, real estate  

    Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation that governor of Reserve Bank of India, Urjit Patel, will announce a cut in repo rate in the forthcoming fifth bi-monthly Monetar...

    05 Dec 2016, 4.02 pm  |  Source: Moneycontrol.com

  • GDP growth to slow to 6.5% in Q4, remain muted at 7% in Q1`17

    GDP growth to slow to 6.5% in Q4, remain muted at 7% in Q1'17  

    According to Japanese financial services major Nomura, demonetisation of high value notes last month is affecting the growth numbers and once the cash shortage eases, the country is expected to see a gradual recovery.

    05 Dec 2016, 2.42 pm  |  Source: PTI

  • RBI may cut 25 bps on Dec 7, another in Q1 of 2017: DBS

    RBI may cut 25 bps on Dec 7, another in Q1 of 2017: DBS  

    According to the global financial services major, the RBI policy committee is expected to take a 'growth-supportive' stance as the government's recent banknote ban has raised downside risks to growth for at least two quarters, beg...

    05 Dec 2016, 1.34 pm  |  Source: PTI

  • 53,221 petrol pumps in the country: Government

    53,221 petrol pumps in the country: Government  

    Power Minister Piyush Goyal said the expansion of retail outlets network by oil marketing companies (OMCs) throughout the country is a continuous process to ensure adequate availability of motoring fuels like petrol and diesel in ...

    05 Dec 2016, 1.28 pm  |  Source: PTI

  • Higher oil prices a risk to India`s growth trajectory: Pradhan

    Higher oil prices a risk to India's growth trajectory: Pradhan  

    Benchmark Brent oil has rallied to USD 54.56 a barrel, the biggest weekly gain since 2009, after OPEC approved its first supply cut in eight years.

    05 Dec 2016, 1.14 pm  |  Source: PTI

  • India prioritising shift to become natural gas-based economy: PM

    India prioritising shift to become natural gas-based economy: PM  

    "Natural gas is the next-generation fossil fuel, cheaper and less polluting," Modi said in an address at India's flagship energy event, Petrotech.

    05 Dec 2016, 10.57 am  |  Source: Reuters

  • Indian services activity plunges into contraction in November

    Indian services activity plunges into contraction in November  

    The latest data, coupled with another last week that showed factory activity slumped as well, offers the first glimpse of the massive hit the economy is likely to take from Modi's demonetization drive.

    05 Dec 2016, 10.54 am  |  Source: Reuters

  • India`s economy expected to grow five-fold by 2040: PM Modi

    India's economy expected to grow five-fold by 2040: PM Modi   

    While addressing a gathering at Petrotech Exhibition, the prime minister said, "While global economy goes through uncertainty, India has shown tremendous resilience. FDI is also at the highest level."

    05 Dec 2016, 10.44 am  |  Source: NEWS18.com

  • Still shooting for April 1 GST deadline: Haseeb Drabu

    Still shooting for April 1 GST deadline: Haseeb Drabu   

    Demonetisation, says Drabu, is a separate issue altogether and will not affect the functioning of GST in the country. But he points out the inadequate IT preparedness for GST of the country.

    05 Dec 2016, 10.24 am  |  Source: CNBC-TV18

  • More holes in Modi`s Income Declaration Scheme: Chidambaram

    More holes in Modi's Income Declaration Scheme: Chidambaram  

    The former Union finance minister's comment came after Ahmedabad-based realtor Mahesh Shah, who, a few days ago, had declared unaccounted income of Rs 13,860 crore, yesterday appeared on a television show claiming that he was just...

    05 Dec 2016, 9.02 am  |  Source: PTI

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