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moneycontrol.com

Economy

  • Gems, jewellery exports up about 12% in April-July FY`17

    Gems, jewellery exports up about 12% in April-July FY'17  

    In April-July period of the last fiscal, exports from the sector were at USD 10.21 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).

    25 Aug 2016, 3.20 pm  |  Source: PTI

  • Steel Ministry seeks higher supply of coking coal

    Steel Ministry seeks higher supply of coking coal  

    "The Steel Ministry wants more availability of coking coal for steel plants of SAIL and RINL. As a result, Steel Secretary Aruna yesterday met Coal Secretary Anil Swarup," an official said.

    25 Aug 2016, 2.22 pm  |  Source: PTI

  • India`s GDP to expand by 7.9% this fiscal: Goldman

    India's GDP to expand by 7.9% this fiscal: Goldman  

    The global financial services major said the GDP is expected to improve gradually and for the April-June quarter it may slow a tad to 7.8 percent, in part due to unfavorable base. It had grown at 7.9 percent in the previous quarte...

    25 Aug 2016, 2.12 pm  |  Source: PTI

  • Pema Khandu assures steps to expedite hydro projects

    Pema Khandu assures steps to expedite hydro projects  

    In the meeting, the NHPC team discussed various aspects regarding the hydropower scenario of the state with emphasis on the Subansiri Lower Project and Dibang Multipurpose Project, the release added.

    25 Aug 2016, 12.26 pm  |  Source: PTI

  • India poised to be one of world`s largest aviation markets: ACI

    India poised to be one of world's largest aviation markets: ACI  

    The Airports Council International (ACI) said that major commercial airports in China, India and Korea remained the major driving forces for the robust air passenger growth in the Asia-Pacific region.

    25 Aug 2016, 8.50 am  |  Source: PTI

  • Isolux Corsan wins 113 mn euros contract from NHAI

    Isolux Corsan wins 113 mn euros contract from NHAI  

    "Isolux Corsan strengthens its presence in India with a new contract: the improvement and extension of two to four lanes in the 72 km of Highway NH-74 running between Haridwar and Nagina, in the states of Uttarakhand and Uttar Pra...

    25 Aug 2016, 8.48 am  |  Source: PTI

  • RCEP talks may miss December 2016 deadline, enter 2017: Nirmala

    RCEP talks may miss December 2016 deadline, enter 2017: Nirmala  

    The Regional Comprehensive Economic Partnership (RCEP) members wanted to conclude the negotiations by December 2016 but "that is not going to happen. It might move into 2017," she told reporters.

    25 Aug 2016, 8.48 am  |  Source: PTI

  • Ram Vilas Paswan favours ban on sugar futures

    Ram Vilas Paswan favours ban on sugar futures  

    On August 22, Finance Minister Arun Jaitley had held an inter-ministerial consultation on imposing ban on sugar futures trading in an effort to curb speculation and check price rise of the sweetener during festival season.

    25 Aug 2016, 8.48 am  |  Source: PTI

  • Gross NPAs of banks nearly double to 8.7% in Q1: S S Mundra

    Gross NPAs of banks nearly double to 8.7% in Q1: S S Mundra  

    System-level stressed advances, which includes GNPAs and restructured standard advances during March 2016, were 11.4 percent, while they were 10.9 percent as of March 2015.

    25 Aug 2016, 8.46 am  |  Source: PTI

  • FDI in defence to come steadily: Nirmala Sitharaman

    FDI in defence to come steadily: Nirmala Sitharaman  

    During January-December 2015, India had received only USD 0.08 million FDI in defence industries despite the government relaxing the policy for the sector.

    25 Aug 2016, 8.44 am  |  Source: PTI

  • GST: A game changer for SME sector

    GST: A game changer for SME sector    

    CNBC-TV18’s AB Ravi speaks to eminent panelists to discuss the issues and challenges plaguing the MSME sector and whether goods and services tax (GST) can be a game changer for the SME sector.

    25 Aug 2016, 8.23 am  |  Source: CNBC-TV18

  • DTC incurred losses of around Rs 3,506 cr in last fiscal: Jain

    DTC incurred losses of around Rs 3,506 cr in last fiscal: Jain  

    To a question raised by AAP MLA Somnath Bharti in the Delhi Assembly, he said feeder buses will also improve last mile connectivity and will not cause traffic congestion on narrow roads.

    25 Aug 2016, 7.38 am  |  Source: PTI

  • UNDP to assist in developing Dharamshala as Smart City

    UNDP to assist in developing Dharamshala as Smart City  

    "UNDP would link Dharamshala with Japan for earthquake resistant technology which is the most advanced technology available today. Besides, it will also link the state with USA for availing benefits of different expertise.

    25 Aug 2016, 7.38 am  |  Source: PTI

  • Ministers call for 2% rate cut; economists say wishful thinking

    Ministers call for 2% rate cut; economists say wishful thinking   

    Madan Sabnavis, Chief Economist of CARE Ratings said certain industries are hopeful of a rate cut as investment is facilitated with lower rates. However, keeping current inflation rate in sight it seems unlikely RBI will deviate f...

    24 Aug 2016, 10.29 pm  |  Source: CNBC-TV18

  • Sitharaman plumps for 200 bps rate cut by RBI

    Sitharaman plumps for 200 bps rate cut by RBI  

    Commerce and Industry Minister Nirmala Sitharaman today pitched for as much as 200 basis points, that is 2 per cent, interest rate cut by RBI to help the cash-starved MSME sector.

    24 Aug 2016, 10.24 pm  |  Source: PTI

  • Has India`s investment cycle turned the corner?

    Has India's investment cycle turned the corner?  

    "There are early signs that the investment climate may be looking up. But, this is not yet well- spread and is concentrated in specific industries and states,"says a report by ratings agency CARE.

    24 Aug 2016, 9.09 pm  |  Source: Moneycontrol.com

  • Madhya Pradesh Assembly ratifies GST Bill

    Madhya Pradesh Assembly ratifies GST Bill  

    The bill was tabled by Law and Legislative Affairs Minister Rampal Singh for ratification by the House following which Congress' acting Leader of Opposition raised the demand for discussion on alleged Simhastha scam and the grim f...

    24 Aug 2016, 5.12 pm  |  Source: PTI

  • Union Cabinet clears new India-Cyprus DTAA

    Union Cabinet clears new India-Cyprus DTAA  

    An official-level meeting between India and Cyprus was held in June to finalise the new India-Cyprus DTAA wherein all pending issues, including taxation of capital gains, were discussed, and an in-principle agreement was reached o...

    24 Aug 2016, 5.00 pm  |  Source: PTI

  • Cabinet approves Rs 6,461 cr NH interconnectivity project

    Cabinet approves Rs 6,461 cr NH interconnectivity project  

    "The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval for development of 1,120 km of National Highways in the states of Karnataka, Odisha, Bihar, Rajasthan and West Beng...

    24 Aug 2016, 4.32 pm  |  Source: PTI

  • Stressed assets level rises to 12% for system as of Q1: Mundra

    Stressed assets level rises to 12% for system as of Q1: Mundra  

    "The level of stressed advances which include NPAs and restructured assets for the industry, it is around 12 percent but for the public sector banks, it is around 15.4 percent as of June 2016," Mundra said at a banking event.

    24 Aug 2016, 4.02 pm  |  Source: PTI

  • GST rate on processed foods should be low or zero: CII

    GST rate on processed foods should be low or zero: CII  

    There should be a parity in taxes between processed and unprocessed food products, otherwise the very benefit of processed foods will not reach the consumers because of the price difference, it said.

    24 Aug 2016, 3.52 pm  |  Source: PTI

  • Cabinet approves Rs 21,000 cr line expansion programme

    Cabinet approves Rs 21,000 cr line expansion programme  

    The Union Cabinet approved the massive line expansion programme that includes nine projects of track construction for a total length of 1937.38 km at an estimated cost of Rs 20867.24 crore, said a senior Railway Ministry official.

    24 Aug 2016, 3.44 pm  |  Source: PTI

  • GST, Brexit to have an inflationary impact on TGBL: Cyrus Mistry

    GST, Brexit to have an inflationary impact on TGBL: Cyrus Mistry  

    When GST will be implemented, "there would be an inflationary impact on tea (business)," Mistry, also the Chairman of Tata Group, said in a reply to shareholders at the company's AGM here.

    24 Aug 2016, 3.44 pm  |  Source: PTI

  • Cabinet clears revised India-Cyprus tax treaty

    Cabinet clears revised India-Cyprus tax treaty   

    The government on Wednesday cleared the revised double taxation avoidance agreement (DTAA) with Cyprus which will allow India to tax capital gains from April 1, 2017, reports CNBC-TV18’s Sapna Das. Under the terms of the revised...

    24 Aug 2016, 2.35 pm  |  Source: CNBC-TV18

  • Govt allows cancellation of 4 SEZ projects

    Govt allows cancellation of 4 SEZ projects  

    The decision regarding this was taken in a meeting of the Board of Approval (BoA) on August 12, which was chaired by Commerce Secretary Rita Teaotia.

    24 Aug 2016, 2.30 pm  |  Source: PTI

  • Suresh Prabhu commissions new rail line in Andhra Pradesh

    Suresh Prabhu commissions new rail line in Andhra Pradesh  

    They inaugurated the facilities through a remote video link from Vijayawada in the presence of Union I&B and Urban Development Minister M Venkaiah Naidu, state ministers, MPs and senior railway officials.

    24 Aug 2016, 11.46 am  |  Source: PTI

  • See 7.9% GDP growth; consumption to cushion capex slack:Goldman

    See 7.9% GDP growth; consumption to cushion capex slack:Goldman   

    The full year growth will be benefited by a good monsoon, recently introduced 7th Pay Commission, clearance of key reforms, favorable fiscal monetary policy and continuation of foreign direct investment (FDI) inflows, says Goldman...

    24 Aug 2016, 10.31 am  |  Source: Moneycontrol.com

  • Special session of Goa Assembly to ratify GST on August 31

    Special session of Goa Assembly to ratify GST on August 31  

    "The state cabinet has already granted its nod to the GST. We will summon one-day special session on August 31 to ratify the Bill which is already passed in Parliament," Chief Minister Laxmikant Parsekar told reporters here yester...

    24 Aug 2016, 10.04 am  |  Source: PTI

  • TN Commercial Taxes dept collects Rs 62,000cr revenue in 2015-16

    TN Commercial Taxes dept collects Rs 62,000cr revenue in 2015-16  

    Veeramani said though global crude prices had fallen over the past two years, the Centre had "increased many times" the excise duty on petroleum fuel.

    24 Aug 2016, 9.36 am  |  Source: PTI

  • Odisha targets seafood exports worth Rs 3,000 cr in FY`17

    Odisha targets seafood exports worth Rs 3,000 cr in FY'17  

    Sethi added that the state had exported seafood worth Rs 4,794.72 crore in the last three years and the products have a great demand in South-East Asia, the US, Europe and Japan.

    24 Aug 2016, 9.36 am  |  Source: PTI

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