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Economy

  • United India, Oriental Insurance may get CMD posts filled soon

    United India, Oriental Insurance may get CMD posts filled soon  

    The government is looking to quickly fill up top-level positions lying vacant at two of its public sector insurance firms -- United India Insurance and Oriental Insurance. These chairs of Chairman and Managing Directors have remai...

    20 Feb 2017, 2.09 pm  |  Source: Moneycontrol.com

  • RBI increases weekly cash withdrawal limit to Rs 50,000

    RBI increases weekly cash withdrawal limit to Rs 50,000  

    Earlier, the RBI had decided to remove the limits on cash withdrawals in two phases, keeping with the pace of remonetisation.

    20 Feb 2017, 1.30 pm  |  Source: NEWS18.com

  • ASEAN can utilise India`s telecom expertise: Manoj Sinha

    ASEAN can utilise India's telecom expertise: Manoj Sinha  

    The minister further pointed out that as announced earlier, India is also willing to provide long term financing to Association of South East Asian Nations (ASEAN) members for buying Indian products and services.

    20 Feb 2017, 1.14 pm  |  Source: PTI

  • EU asks India to extend by 6 months trade pact with EU nations

    EU asks India to extend by 6 months trade pact with EU nations  

    A high-level European Parliament delegation, here to gauge India's views about the Trump administration and discuss various key issues concerning India-EU ties, also expressed concern over situation in Jammu and Kashmir and called...

    20 Feb 2017, 12.10 pm  |  Source: PTI

  • Onion farmers get another train to transport bumper crop

    Onion farmers get another train to transport bumper crop  

    The new rake will further enhance the carrying capacity of onions by 30 percent and will be in addition to the existing three freight trains operated by Central Railways to carry the bulbs from Nashik.

    20 Feb 2017, 11.26 am  |  Source: PTI

  • Finance Ministry kickstarts listing process of 3 Rail PSUs

    Finance Ministry kickstarts listing process of 3 Rail PSUs  

    The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.

    20 Feb 2017, 10.54 am  |  Source: PTI

  • WB govt aims to procure 52 lakh MT of paddy by September

    WB govt aims to procure 52 lakh MT of paddy by September  

    Earlier farmers were able to sell 90 quintal of paddy in a year but as per the new decision there will be no limit on the sale of paddy by farmers, the official said.

    20 Feb 2017, 10.02 am  |  Source: PTI

  • `Steel product consumption likely to remain higher in 2017-18`

    'Steel product consumption likely to remain higher in 2017-18'  

    This will be backed by an expected revival in consumption. An increase in infrastructure allocation by the government in the Union Budget 2017-18 is expected to drive the pace of construction and infrastructure in the country, Car...

    20 Feb 2017, 8.58 am  |  Source: PTI

  • Gold imports shrink 32.7% to $19.74 bn in April-January

    Gold imports shrink 32.7% to $19.74 bn in April-January  

    Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29.31 billion.

    20 Feb 2017, 8.32 am  |  Source: PTI

  • Under PM Modi govt focus is on providing job skills: Minister

    Under PM Modi govt focus is on providing job skills: Minister  

    "This is for the first time that (with) Prime Minister's focus on providing job skills...there is a discussion now in the country that skilling is more important than education," Rudy said.

    20 Feb 2017, 8.30 am  |  Source: PTI

  • India commits $340 million soft loans to Nepal

    India commits $340 million soft loans to Nepal  

    Railways Minister Suresh Prabhu, who arrived here yesterday to attend the 'Nepal Infrastructure Summit 2017', signed a letter of exchange with Nepalese Minister for Physical Infrastructure and Planning Ramesh Lekhak in which India...

    20 Feb 2017, 7.52 am  |  Source: PTI

  • Innovation real way to achieve country`s prosperity: Javadekar

    Innovation real way to achieve country's prosperity: Javadekar  

    "Innovation is the real way of achieving the nation's prosperity and we can achieve it by allowing creativity and allowing young minds to experiment and letting their crazy ideas come out," the minister said.

    20 Feb 2017, 7.50 am  |  Source: PTI

  • Natural gas price likely to be hiked by 8%

    Natural gas price likely to be hiked by 8%  

    Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including US Henry Hub.

    19 Feb 2017, 12.26 pm  |  Source: PTI

  • Farmer suicides: Loans help widows become entrepreneurs

    Farmer suicides: Loans help widows become entrepreneurs  

    Vibhatai Bhilkar, a widow of one of the thousands of farmers who committed suicide in Wardha district of Maharashtra has successfully set up her grocer shop after a year of her husband’s death.

    19 Feb 2017, 12.19 pm  |  Source: Moneycontrol.com

  • Road to GST: Public will benefit from anti-profiteering clause, say experts

    Road to GST: Public will benefit from anti-profiteering clause, say experts   

    MS Mani, Senior Director, Deloitte, said the clause will also help curb inflationary pressures on the economy when GST is implemented.

    18 Feb 2017, 6.09 pm  |  Source: CNBC-TV18

  • Road to GST: Council clears draft law for compensating states` loss

    Road to GST: Council clears draft law for compensating states' loss  

    Finance Minister Arun Jaitley-led GST Council met on Saturday and approved the Draft Compensation Bill, in a bid to speed up the rollout of Goods and Services Tax by July 1, 2017. Crucial draft laws pertaining largely to Central G...

    18 Feb 2017, 5.15 pm  |  Source: Moneycontrol.com

  • Bank GNPAs may rise to 16-17% of loans in 1-2 yrs: Credit Suisse

    Bank GNPAs may rise to 16-17% of loans in 1-2 yrs: Credit Suisse   

    At the end of Q3, a whopping 41 percent of corporate debt is with companies whose earnings are less than their interest outgo. Credit Suisse's MD and Head of Research Ashish Gupta shares his detailed analysis with CNBC-TV18's Lath...

    18 Feb 2017, 3.00 pm  |  Source: CNBC-TV18

  • Trade unions lost the plot by not focusing on young workforce

    Trade unions lost the plot by not focusing on young workforce  

    The clout enjoyed by trade unions, which could once influence management decisions for workers and also successfully create roadblocks if demands were not met, is slowly reducing.

    18 Feb 2017, 1.11 pm  |  Source: Moneycontrol.com

  • States` market borrowing to rise 22% to 4.5 tn in FY18

    States' market borrowing to rise 22% to 4.5 tn in FY18  

    The rise in the borrowings of state governments would exert upward pressure on state development loan (SDL) yields in the financial year 2017-18, Roy said.

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Govt sees 5.8% drop in onion output this year

    Govt sees 5.8% drop in onion output this year  

    As per the first estimate released by the Agriculture Ministry, onion production is pegged at 197.13 lakh tonnes for 2016-17 crop year (July-June) as against actual output of 209.31 lakh tonnes last year.

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Cash credit limit for MSMEs raised to 30%: Arjun Ram Meghwal

    Cash credit limit for MSMEs raised to 30%: Arjun Ram Meghwal  

    "They (banks and financial institutions) are calculating the CC limit on the basis of turnover. We have decided that if you do your (MSME) business digitally then you can get the cash credit limit up to 30 percent. It is a big mov...

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Electronics imports increase by 26% to Rs 26,757 cr in Jan

    Electronics imports increase by 26% to Rs 26,757 cr in Jan  

    Electronics imports stood at Rs 21,220 crore in the same month a year ago and exports were at Rs 3,526.13, the estimates said.

    18 Feb 2017, 12.26 pm  |  Source: PTI

  • REC inks 2 pacts with Jharkhand utilities for Rs 15,000 cr loan

    REC inks 2 pacts with Jharkhand utilities for Rs 15,000 cr loan  

    "On the occasion of 'Momentum Jharkhand Global Investors Summit 2017', two MOUs of Rs 15,150 crore have been signed by REC with JBVNL (Rs 8,150 crore) and JUSNL Rs 7,000 crore), in presence of Jharkhand Chief Minister Raghubar Das...

    18 Feb 2017, 12.26 pm  |  Source: PTI

  • Summit a success, 210 MoUs worth Rs 3 lakh crore signed: Das

    Summit a success, 210 MoUs worth Rs 3 lakh crore signed: Das  

    Addressing the Valedictory Session of the Summit, Das said 210 MoUs worth more than 3.10 lakh crore were signed which would give employment to around three lakh people.

    18 Feb 2017, 12.12 pm  |  Source: PTI

  • GSM mobile additions at 5.15 million in January: COAI

    GSM mobile additions at 5.15 million in January: COAI  

    The Indian telecom industry added 5.15 million mobile subscribers in January this year, which was lower than the 8.18 million subscribers added in December.

    17 Feb 2017, 9.22 pm  |  Source: PTI

  • Axis Bank keeps MCLRs unchanged; 1-yr tenor loan at 8.25%

    Axis Bank keeps MCLRs unchanged; 1-yr tenor loan at 8.25%  

    Private sector Axis Bank has decided to keep the marginal cost of fund based lending rates (MCLRs) unchanged for the next monthly cycle beginning tomorrow.

    17 Feb 2017, 9.22 pm  |  Source: PTI

  • India to produce additional 20-mn tn coking coal in 3-4 years

    India to produce additional 20-mn tn coking coal in 3-4 years  

    To reduce imports, India will wash certain grades of coal to make available 20 million tonnes of coking coal in the next 3-4 years mainly for domestic steel industry's, Power Minister Piyush Goyal said today.

    17 Feb 2017, 9.22 pm  |  Source: PTI

  • Patel keeps markets guessing; assures path to inflation, growth

    Patel keeps markets guessing; assures path to inflation, growth  

    In a rare interview and his first since he became RBI Governor, Patel on Friday opened up on the latest monetary policy decision and the factors that will curate the future interest rates.

    17 Feb 2017, 8.26 pm  |  Source: Moneycontrol.com

  • GST Council likely to finalise draft model GST law today

    GST Council likely to finalise draft model GST law today  

    The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.

    17 Feb 2017, 7.20 pm  |  Source: PTI

  • Biscuit makers seek lower tax rate under GST

    Biscuit makers seek lower tax rate under GST  

    Biscuit manufacturers have sought lower GST rate saying it is an item of mass consumption and higher taxes will have an adverse impact on production as well as demand of this food item.

    17 Feb 2017, 7.20 pm  |  Source: PTI

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