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Economy

  • CAG seeks debate on auditing regulators

    CAG seeks debate on auditing regulators  

    CAG Shashikant Sharma led the debate on the need to audit financial sector regulators to check effectiveness in dealing with frauds

    01 Jul 2016, 9.35 pm  |  Source: PTI

  • Railways to take up Rs 20,000-cr port connectivity projects

    Railways to take up Rs 20,000-cr port connectivity projects  

    Ministry of Railways will take up 21 port-rail connectivity projects, at an estimated cost of Rs 20,000 crore, under the government's Sagarmala project to strengthen evacuation network and boost last-mile connectivity to the count...

    01 Jul 2016, 9.32 pm  |  Source: PTI

  • Mumbai-Ahmedabad high speed rail project `useless`: Mohan

    Mumbai-Ahmedabad high speed rail project 'useless': Mohan  

    Terming the Mumbai-Ahmedabad high speed rail corridor as a "useless project" and "complete waste of money", former RBI deputy governor Rakesh Mohan on July 1 said India needs the right kind of investment in transport sector if it ...

    01 Jul 2016, 9.32 pm  |  Source: PTI

  • The story of the 1991 devaluation: 25 yrs since economic reforms

    The story of the 1991 devaluation: 25 yrs since economic reforms   

    This day, 25 years ago, India let its currency fall roughly 20 percent in a single day. This was followed by an economic reforms package that finally unschackled India from the grip of socialism.

    01 Jul 2016, 9.01 pm  |  Source: CNBC-TV18

  • Competitiveness in mfg, services improving: ComMin

    Competitiveness in mfg, services improving: ComMin  

    Improvement in India's ranking in the World Bank Logistics Performance Index reflects increasing competitiveness of the country in manufacturing and services, the commerce ministry said on July 1

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Pay panel award to boost consumption, raise savings: Ind-Ra

    Pay panel award to boost consumption, raise savings: Ind-Ra  

    Implementation of 7th Pay Commission recommendations is expected to boost consumption by Rs 45,110 crore and increase savings by Rs 30,710 crore, India Ratings and Research (Ind-Ra) has said

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Textiles, apparel exports likely to touch $ 50 bn in FY17

    Textiles, apparel exports likely to touch $ 50 bn in FY17  

    The Union Cabinet last week approved a Rs 6,000-crore package for the sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion while eyeing additional USD 30 billion in exports.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Rs 43,000 cr undisclosed income unearthed in 2 years: Adhia

    Rs 43,000 cr undisclosed income unearthed in 2 years: Adhia  

    Talking about the penalty to be imposed on the Rs 13,000 crore of black money discovered in foreign accounts of Indians so far, he said this money will be taxed at the rate of 120 per cent.

    01 Jul 2016, 7.24 pm  |  Source: PTI

  • Cyprus treaty takes care of `past absurdity`: Arvind Datar

    Cyprus treaty takes care of 'past absurdity': Arvind Datar   

    In an interview with CNBC-TV18, Senior Advocate, Arvind Datar said that he was very happy with this statement and it has taken care of the absurdity in the past where whether someone was a resident or not, but just because they pa...

    01 Jul 2016, 7.17 pm  |  Source: CNBC-TV18

  • Why uncertainty is bad for economic growth: KPMG Global Chair

    Why uncertainty is bad for economic growth: KPMG Global Chair   

    In an interview with CNBC-TV18’s Shereen Bhan, John Veihmeyer, Global Chairman, KPMG shared his views on the current global scenario after Brexit and said that uncertainty due to this event is something that depresses economic g...

    01 Jul 2016, 7.05 pm  |  Source: CNBC-TV18

  • Pvt sector sales spike signals turnaround in Q4 FY16: RBI

    Pvt sector sales spike signals turnaround in Q4 FY16: RBI  

    The country's private corporate sector "signaled a turnaround" and recorded positive sales growth at the aggregate level in the last quarter of 2015-16 after successive contraction for four quarters, RBI said on July 1

    01 Jul 2016, 6.50 pm  |  Source: PTI

  • 7th pay commission, good monsoon to aid consumption: BofA

    7th pay commission, good monsoon to aid consumption: BofA  

    Indian economy is expected to see a consumption recovery of over 1 percent of GDP in the second half of the year, driven by lower lending rates and 7th Pay Commission award, says a Bank of America-Merrill Lynch report

    01 Jul 2016, 4.16 pm  |  Source: PTI

  • New RBI Governor should continue Rajan`s inflation fight: DBS

    New RBI Governor should continue Rajan's inflation fight: DBS  

    "Domestic markets have put their faith behind the Indian central bank as a credible and independent institution, pinning hopes that Governor Rajan's successor will also prioritise inflation over other economic objectives," it said...

    01 Jul 2016, 3.16 pm  |  Source: PTI

  • Lot of `merit` in negotiating separate FTA with UK: CII

    Lot of 'merit' in negotiating separate FTA with UK: CII  

    Launched in June 2007, the negotiations for the proposed Broad-based Trade and Investment Agreement (BTIA) between India and the EU have seen many hurdles with both sides having major differences on crucial issues like intellectua...

    01 Jul 2016, 3.00 pm  |  Source: PTI

  • Water level in 91 major reservoirs in country at 15%: Govt

    Water level in 91 major reservoirs in country at 15%: Govt  

    According to Union Water Resources Ministry, 23.94 billion cubic metre (BCM) of water was available in these reservoirs for the week ending on June 30.

    01 Jul 2016, 3.00 pm  |  Source: PTI

  • Kerala Government to ban e-cigarettes

    Kerala Government to ban e-cigarettes  

    State Health Minister K K Shylaja on Thursday directed the additional chief secretary (health) to issue an order banning the production, sale and advertisement of 'electronic cigarette' alias 'e-cigarette'. E-cigarettes are handy ...

    01 Jul 2016, 11.52 am  |  Source: PTI

  • India factory growth at 3-month high in June on strong demand

    India factory growth at 3-month high in June on strong demand  

    The Nikkei/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 51.7 in June from May's 50.7, its sixth month above the 50 mark that separates growth from contraction after it fell below that level in December for the fir...

    01 Jul 2016, 10.57 am  |  Source: Reuters

  • Govt to import 7,500 tons of chana, masoor dal

    Govt to import 7,500 tons of chana, masoor dal  

    The pulses issue was discussed in detail in the meeting of Management Committee of Price Stabilisation Fund, chaired by Consumer Affairs Secretary Hem Pande here.

    01 Jul 2016, 9.08 am  |  Source: PTI

  • India, Nepal agrees to resolve bottlenecks to boost trade

    India, Nepal agrees to resolve bottlenecks to boost trade  

    During the two-day meeting of India-Nepal Inter - Governmental Committee on Trade, Transit and Cooperation to Control Unauthorised Trade, both the sides also discussed new issues pertaining to trade, transit, infrastructure and in...

    01 Jul 2016, 9.02 am  |  Source: PTI

  • CBDT notifies rules for calculating assets` fair market value

    CBDT notifies rules for calculating assets' fair market value  

    The tax department today notified rules for calculating 'fair market value' of assets located in India in case of indirect transfer by multi-national companies for the purpose of levying tax.

    30 Jun 2016, 10.24 pm  |  Source: PTI

  • Petrol price cut by 89p/litre, diesel cheaper by 49p/litre

    Petrol price cut by 89p/litre, diesel cheaper by 49p/litre  

    Petrol will cost Rs 64.76 a litre in Delhi from midnight tonight as compared to Rs 65.65 per litre currently, Indian Oil Corp, the nation's largest fuel retailer, announced.

    30 Jun 2016, 10.24 pm  |  Source: PTI

  • India`s fiscal deficit reaches 43% of budgeted target in May

    India's fiscal deficit reaches 43% of budgeted target in May  

    India's fiscal deficit during April-May was Rs 2289.86 billion (USD33.92 billion), or 42.9 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Thursday.

    30 Jun 2016, 10.07 pm  |  Source: Reuters

  • New tax rule for indirect transfer of shares: See how it works

    New tax rule for indirect transfer of shares: See how it works   

    In an interview with CNBC-TV18, Arun Giri of Taxsutra.com explains how this new method will determine fair market value and new reporting requirements for companies.

    30 Jun 2016, 10.04 pm  |  Source: CNBC-TV18

  • India under Modi has been fantastic, says World Bank President

    India under Modi has been fantastic, says World Bank President  

    India under Prime Minister Narendra Modi's leadership has been fantastic, says World Bank President Jim Yong Kim calling himself a "big fan" of Modi who like great leaders sets ambitious targets and deadlines.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • SBI has enough talent to replace me: Bhattacharya on extension

    SBI has enough talent to replace me: Bhattacharya on extension   

    There were media reports that the government was looking at a proposal to extend the first woman chairperson of the country's largest lender by an year after her term ends in September.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • External liabilities dip marginally to $361.5 bn in Q4: RBI

    External liabilities dip marginally to $361.5 bn in Q4: RBI  

    India's net international investment position (IIP) or the difference between external financial assets and liabilities, has marginally improved to USD 361.5 billion at the end of March, 2016, according to the latest data from...

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • AIIB, NDB provide challenge to World Bank: Kim

    AIIB, NDB provide challenge to World Bank: Kim  

    There is plenty of room for the New Development Bank (NDB) and AIIB for funding and these new multilateral funding agencies provide challenge to old institutions, World Bank Group President Jim Yong Kim said.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • India`s external debt rises $10.6 bn to $485.6 bn

    India's external debt rises $10.6 bn to $485.6 bn  

    India's external debt stood at USD 485.6 billion at the end of March 2016, recording an increase of USD 10.6 billion year-on-year, primarily on account of a rise in outstanding NRI deposits, the RBI said today.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • Sonowal sets Rs 1,800cr excise rev target for 2016-17

    Sonowal sets Rs 1,800cr excise rev target for 2016-17  

    Assam Chief Minister Sarbananda Sonowal has set the excise revenue collection target at Rs 1,800 crore for 2016-17, a rise of over two fold from the last fiscal.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • April-May fiscal deficit at 43% of Budget estimates

    April-May fiscal deficit at 43% of Budget estimates  

    The fiscal deficit situation during April-May of the last fiscal was 37.5 percent of the Budget estimates.

    30 Jun 2016, 6.46 pm  |  Source: PTI

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