States have been able to utilise only 21 per cent of the Rs 28,454.62 crore Building and Other Construction Workers' Welfare Cess, Parliament was informed today.
07 Dec 2016, 7.18 pm | Source: PTI
In an exclusive interview to CNBC-TV18, Ashok Lavasa listed his views on various economic events, ranging from demonetisation to the governments divestment drive.
07 Dec 2016, 7.13 pm | Source: CNBC-TV18
Big events like Goods and Services Tax (GST) and demonetisation are creating a fair amount of disruption and the ministry will have to bring in steps to revive consumption, stimulate spending, HDFC Chairman Deepak Parekh said.
07 Dec 2016, 7.01 pm | Source: CNBC-TV18
The RBI stayed prudent in its monetary policy review today rather than move in a haste as it wishes to wait for more information and experience before judging the full effect and persistence of the demonetisation move.
07 Dec 2016, 6.52 pm | Source: Moneycontrol.com
Even as retail inflation has eased driven by a sharper than anticipated moderation in the prices of vegetables and strong favourable base effect, it masks some upturn in the prices of several items; prices of wheat, gram and sugar...
07 Dec 2016, 6.23 pm | Source: Moneycontrol.com
The average growth of money supply in the economy may slip to 9 percent from 12 percent in the near term, if 25-30 percent of unaccounted currency does not flow back into the banking system post demonetisation move, Dun & Bradstre...
07 Dec 2016, 6.10 pm | Source: PTI
The Reserve Bank of India (RBI) on Wednesday retained its March-end retail inflation forecast of 5 percent, but high oil prices and rising interest rates could have push up domestic prices.
07 Dec 2016, 5.24 pm | Source: Moneycontrol.com
RBI Governor Urjit Patel delivered a status quo on rates that wrong-footed many: A rate cut had been seen as a given, the quantum was the question. That said, there are three positives in a hawkish-looking statement that markets m...
07 Dec 2016, 5.11 pm | Source: Moneycontrol.com
Note ban may hurt industrial output in November-December due to delays in payments of wages and purchases of inputs, the RBI said
07 Dec 2016, 5.01 pm | Source: Moneycontrol.com
The RBI left the cash reserve ratio unchanged at 4 percent, as expected, and announced that the incremental CRR of 100 percent will stand withdrawn from 10 December. The increase in the market stabilisation securities ceiling to I...
07 Dec 2016, 4.18 pm | Source: Moneycontrol.com
Awash with funds, banks may start cutting loan rates to productively deploy unexpected deposit surge; RBI lowers 2016-17 growth forecast by 50 basis points to 7.1 percent on demonetisation effect.
07 Dec 2016, 3.36 pm | Source: Moneycontrol.com
Actually the withdrawal of legal tender characteristic does not extinguish any of the RBI's balance sheets, and therefore is no implication on the balance sheet as of now, Patel said at a media briefing post the credit policy
07 Dec 2016, 3.32 pm | Source: Moneycontrol.com
The withdrawal of old Rs 500 and 1,000 notes "could result in a possible temporary reduction in inflation of the order of 10-15 basis points in Q3 (October-December period", the central bank said in the Fifth Bi-monthly Monetary P...
07 Dec 2016, 3.30 pm | Source: PTI
Speaking on the cash crunch in the economy, Gandhi said the central bank was trying to provide adequate cash.
07 Dec 2016, 3.21 pm | Source: Moneycontrol.com
The RBI has kept in the mind the possible rise in crude prices when keeping the rates unchanged, says Sajjid Chinoy, Economics, JPMorgan. A sudden surge in crude prices could create inflationary pressure on the economy.
07 Dec 2016, 3.19 pm | Source: CNBC-TV18
According to Lendingkart Group and Dun & Bradstreet Insight Study, demonetisation of high-value notes is a step in the right direction to curb illicit economy and moving towards a cash-less and transparent economy.
07 Dec 2016, 3.08 pm | Source: PTI
The Reserve Bank of India (RBI) unexpectedly kept its policy repo rate unchanged at 6.25 percent on Wednesday, despite calls for action as an intense cash shortage threatens to slam the brakes on the world's fastest growing major ...
07 Dec 2016, 3.04 pm | Source: Reuters
The central bank sees near term downside risks travelling through two major channels: (a) disruptions in economic activity in cash-intensive sectors such as retail trade, hotels & restaurants and transportation, and in the unorgan...
07 Dec 2016, 2.52 pm | Source: Moneycontrol.com
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate —the repo rate—unchanged at 6.25 percent against a widely-anticipated cut of 25-50 basis points.
07 Dec 2016, 2.38 pm | Source: Moneycontrol.com
The government had in September lowered wheat import duty to 10 percent from 25 percent till February.
07 Dec 2016, 2.30 pm | Source: PTI
Officials said multiple teams of the Enforcement Directorate (ED) swooped early morning at over 50 branches of at least ten banks, both in the private and public sector, along with banking auditors to "scrutinise" transaction reco...
07 Dec 2016, 2.00 pm | Source: PTI
Presenting a statement showing the supplementary Demands for Grants in the House, Finance Minister Arun Jaitley said of the total of Rs 59,978.29 crore, the net cash outgo would aggregate to Rs 35,171.92 crore.
07 Dec 2016, 1.56 pm | Source: PTI
The Reserve Bank of India (RBI) has announced the decision of its fifth bi-monthly monetary policy review of financial year 2016-17. Updates here.
07 Dec 2016, 1.36 pm | Source: Moneycontrol.com
"The Opposition disrupts proceedings for one reason or the other. I challenge them to begin the debate if they have courage," Jaitley said in the Rajya Sabha.
07 Dec 2016, 1.03 pm | Source: NEWS18.com
Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by 351.7 billion rupees (USD 5.2 billion) in the current fiscal year that ends in March 2017.
07 Dec 2016, 12.35 pm | Source: Reuters
In his remarks made at the BJP Parliamentary Party meeting, he said Parliament in the past decades has debated a number of government decisions, which had caused tensions and social conflict, but it was now deadlocked by rival par...
07 Dec 2016, 12.12 pm | Source: PTI
The Reserve Bank of India will hold its bi-monthly policy meet today. Experts expect 25 basis point (bps) cut. But, probability of a 50 bps cut cannot be ruled out, says Vivek Rajpal, Rate strategist at Nomura India.
07 Dec 2016, 11.29 am | Source: CNBC-TV18
Government extended minimum import price (MIP) on 19 products for two months to protect domestic steel industry from below-cost imports. Steel Secretary Aruna Sharma believes that steel capacity will reach 150 MT in couple of yea...
07 Dec 2016, 11.23 am | Source: CNBC-TV18
Promoted by Sidbi, the apex financial institution for promotion and financing of MSMEs and the National Stock Exchange, RXIL has SBI, ICICI Bank, Yes Bank, SBI Caps, and ICICI Securities as other investors.
07 Dec 2016, 8.54 am | Source: PTI
Even though the smartwatch market took a tumble this quarter, basic wearables -- comprising fitness bands and accounting for 85 percent of the market -- experienced double-digit growth, it said.
07 Dec 2016, 8.26 am | Source: PTI