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Economy

  • Govt should focus on productivity after pay boost: CII Prez

    Govt should focus on productivity after pay boost: CII Prez  

    The central government should now focus on improving the productivity of its millions of employees who were today awarded a significant salary hike after it approved the recommendations of the 7th Pay Commission, says Naushad Forb...

    29 Jun 2016, 10.03 pm  |  Source: CNBC-TV18

  • Govt needs to align top-level salaries to market: Panel member

    Govt needs to align top-level salaries to market: Panel member   

    In an interview with CNBC-TV18, Vivek Rae, Member of the 7th Pay Commission, talked about his takeaways from the government's approval of the recommendations of the pay panel.

    29 Jun 2016, 9.49 pm  |  Source: CNBC-TV18

  • 7th Pay Commission: Durables sector eyes demand boost

    7th Pay Commission: Durables sector eyes demand boost  

    Terming the Seventh Pay Commission as key to boosting demand especially when the global economy is reeling under the Brexit impact, Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Manish Sharma said...

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Govt officials` salaries now at par with corporates: Minister

    Govt officials' salaries now at par with corporates: Minister  

    Terming as "historic" the Union Cabinet's approval to pay hike, Union Minister Jitendra Singh today said its implementation will motivate the officials who will get the emoluments at par with those in corporates.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • 7th Pay Commission: Home sales likely to improve, say realtors

    7th Pay Commission: Home sales likely to improve, say realtors  

    Real estate industry bodies said housing sales are expected to improve following implementation of 7th Pay Commission recommendations as prices have fallen in last few years because of slowdown in the property market

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • NPA situation well under control: Jaitley

    NPA situation well under control: Jaitley  

    Allaying apprehension of bad loans in public sector banks, Finance Minister Jaitley on June 29 said NPA situation is under control as economic conditions are showing signs of improvement

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Cabinet clears mineral exploration policy

    Cabinet clears mineral exploration policy   

    "The Cabinet today cleared NMEP. After the policy is approved, the government can auction 100 blocks that have been identified by the Geological Survey of India (GSI) for exploration," a source said.

    29 Jun 2016, 9.00 pm  |  Source: PTI

  • Govt will contain impact of hike on fisc: Pay panel chief

    Govt will contain impact of hike on fisc: Pay panel chief   

    The allowance amount is likely to increase by around 10 percent from 14-15 percent if the Indian economy does well, says retired Justice AK Mathur who led the 7th Pay Commission panel.

    29 Jun 2016, 8.34 pm  |  Source: CNBC-TV18

  • 7th CPC recommendations not acceptable: Govt employees

    7th CPC recommendations not acceptable: Govt employees  

    Confederation of Central Government Employees today said the 7th Central Pay Commission's recommendations are "not acceptable" in view of the prevailing economic conditions, and threatened to advance by a week an indefinite st...

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • Over 50% job seekers see cos website before applying: LinkedIn

    Over 50% job seekers see cos website before applying: LinkedIn  

    Job seekers seek detailed information about their prospective employers as more than half of the country's professionals look at the company's website before applying for a job, says a survey

    29 Jun 2016, 7.20 pm  |  Source: PTI

  • Pay hike to boost mkt sentiment, make festival `bumper`: Experts

    Pay hike to boost mkt sentiment, make festival 'bumper': Experts  

    More than anything, timeliness of the decision (amid Brexit jitters, Rexit woes and monsoon showers) will be highly beneficial for the companies. "With disbursements expected to come in by August-September, it is going to be a bum...

    29 Jun 2016, 7.02 pm  |  Source: CNBC-TV18

  • CAD may slip below 1% this fiscal: Subramanian

    CAD may slip below 1% this fiscal: Subramanian  

    Current Account Deficit may dip below 1 percent in FY17 owing to low global crude prices, while the Brexit is likely to impact India as the global economy will slow down after Britain's decision to leave the EU, Chief Economic Adv...

    29 Jun 2016, 5.26 pm  |  Source: PTI

  • India`s insurance premium jumps 7.9% in 2015: Study

    India's insurance premium jumps 7.9% in 2015: Study  

    Insurance premium collection in India grew by 7.9 percent in 2015 as demand for both life and non-life products was strong, a global study said on June 29

    29 Jun 2016, 5.26 pm  |  Source: PTI

  • GST Bill is a do-or-die situation for NDA: Anil Padmanabhan

    GST Bill is a do-or-die situation for NDA: Anil Padmanabhan   

    If the government doesn't push the GST Bill in this monsoon session, it won't happen during the remaining regime of the Modi government, says Anil Padmanabhan, the deputy Managing Editor of Mint.

    29 Jun 2016, 2.35 pm  |  Source: CNBC-TV18

  • Sugarcane arrears plunge in India as sweetener prices rally

    Sugarcane arrears plunge in India as sweetener prices rally  

    Mills have so far paid 92 percent of their cane dues to farmers in the 2015/16 marketing year ending on Sept. 30, it said in a statement.

    29 Jun 2016, 2.31 pm  |  Source: Reuters

  • UDAY may not destabilise fiscal consolidation: Ind-Ra

    UDAY may not destabilise fiscal consolidation: Ind-Ra  

    Ind-Ra's estimate shows that the aggregate fiscal deficit of states at 3.2 percent of GDP in 2016-17 is expected to be marginally better than the 3.4 percent in FY16 (revised estimates, RE), the credit rating agency said in a rele...

    29 Jun 2016, 2.20 pm  |  Source: PTI

  • Govt pay hike: Demand to push growth; modest risk to inflation

    Govt pay hike: Demand to push growth; modest risk to inflation  

    The Cabinet, headed by Prime Minister Narendra Modi, today cleared the recommendations of the 7th Pay Commission according to which the overall hike in salary and allowance of central government employees and pensioners comes to 2...

    29 Jun 2016, 2.20 pm  |  Source: PTI

  • Govt hopes to pass GST bill in upcoming  Parliament session: Min

    Govt hopes to pass GST bill in upcoming Parliament session: Min   

    Investors have billed the proposed GST as a "silver bullet" for India's economy that would replace multiple federal and state levies - a chaotic structure that inflates costs for businesses.

    29 Jun 2016, 1.05 pm  |  Source: Reuters

  • Salary increments will likely boost bank deposits: SBI

    Salary increments will likely boost bank deposits: SBI   

    Inflation, on the other hand, might rise in the near-term, but there are no worries over the long-term, says Soumya Kanti Ghosh, Chief Economic Advisor at SBI.

    29 Jun 2016, 1.01 pm  |  Source: CNBC-TV18

  • Cabinet clears recommendations of 7th Pay Commission

    Cabinet clears recommendations of 7th Pay Commission   

    The pay panel, in November last year, had recommended a 14.27 percent hike in basic pay at junior levels -- the lowest in 70 years. The previous 6th Pay Commission had recommended a 20 percent hike, which the government doubled wh...

    29 Jun 2016, 12.54 pm  |  Source: PTI

  • India offers to buy tur dal from Mozambique at MSP plus cost

    India offers to buy tur dal from Mozambique at MSP plus cost  

    Pulse prices in domestic markets are retailing as high as Rs 198 per kg due to shortfall in the local output in the wake of two consecutive droughts.

    29 Jun 2016, 12.14 pm  |  Source: PTI

  • Cabinet clears new mining policy, paves way for auctions

    Cabinet clears new mining policy, paves way for auctions   

    The policy boosts mineral exploration by private companies, unlike earlier, by allowing them to bid for mineral blocks, reports Anshu Sharma of CNBC-TV18.

    29 Jun 2016, 12.11 pm  |  Source: Moneycontrol.com

  • 7th Pay Commission cleared: A look at the facts & numbers

    7th Pay Commission cleared: A look at the facts & numbers  

    The Union Cabinet on Wednesday cleared the 7th Pay Commission recommendations. The report had suggested a 15 percent hike in base salaries of government employees. The report was finalized by the Empowered Committee of Secretaries...

    29 Jun 2016, 12.02 pm  |  Source: Moneycontrol.com

  • Cabinet likely to take up mineral exploration policy today

    Cabinet likely to take up mineral exploration policy today   

    If implemented, the policy will boost india's mining potential, reports CNBC-TV18's Anshu Sharma.

    29 Jun 2016, 10.54 am  |  Source: Moneycontrol.com

  • Govt to announce hybrid instruments for FDI next month

    Govt to announce hybrid instruments for FDI next month  

    Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.

    29 Jun 2016, 9.42 am  |  Source: PTI

  • Banks` gross NPAs may worsen to 9.3% by March: FSR

    Banks' gross NPAs may worsen to 9.3% by March: FSR  

    "Gross NPAs of banks' sharply increased to 7.6 percent of gross advances from 5.1 percent between September 2015 and March 2016 after asset quality review," according to the Financial Stability Report (FSR) released by RBI.

    29 Jun 2016, 9.38 am  |  Source: PTI

  • SmartCity Kochi to be fully operational by 2021:Pinarayi Vijayan

    SmartCity Kochi to be fully operational by 2021:Pinarayi Vijayan  

    The project is being developed by Smart City (Kochi) Infrastructure Pvt Ltd, a joint venture formed to develop the project. Kerala government and TECOM Investments, a subsidiary of Dubai Holding, are the main investors in the comp...

    29 Jun 2016, 9.36 am  |  Source: PTI

  • Raghuram Rajan went with majority view on policy rate on June 7

    Raghuram Rajan went with majority view on policy rate on June 7  

    As per the summary of electronic consultation with the Technical Advisory Committee (TAC) released by RBI, three of the five external members recommended no change in policy rates.

    29 Jun 2016, 9.36 am  |  Source: PTI

  • India`s garment exports may hit $20 bn in FY17

    India's garment exports may hit $20 bn in FY17  

    The Union Cabinet last week approved a Rs 6,000 crore package for textiles and apparel sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion with an eye on USD 30 billion in expor...

    29 Jun 2016, 8.52 am  |  Source: PTI

  • Coal imports decline by 5% in April-May

    Coal imports decline by 5% in April-May  

    The imports in April-May of the last fiscal were 37.72 million tonnes (MT), Coal Secretary Anil Swarup said in a tweet.

    29 Jun 2016, 8.50 am  |  Source: PTI

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