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Economy

  • India`s wind power tariffs hit new low in push for renewables

    India's wind power tariffs hit new low in push for renewables  

    India, the world's third-biggest greenhouse gas emitter, has set a target of raising its renewable energy generation to 175 gigawatt by 2022, around five times current usage, to supply power to its 1.3 billion people and fight cli...

    24 Feb 2017, 3.36 pm  |  Source: Reuters

  • IIP to stay muted in January; will grow by 0-0.5%: D&B

    IIP to stay muted in January; will grow by 0-0.5%: D&B  

    "Industrial sector faces constraints from subdued domestic demand and weak, uncertain external demand on one hand and financing constraints, rising input prices and stalled projects on the other hand," D&B said in a report.

    24 Feb 2017, 3.34 pm  |  Source: PTI

  • FDI inflow zooms 18% to $46 billion in 2016: DIPP

    FDI inflow zooms 18% to $46 billion in 2016: DIPP  

    The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • Demonetisation sucked in cash like vacuum cleaner: IMF official

    Demonetisation sucked in cash like vacuum cleaner: IMF official  

    "You've heard about so-called 'helicopter drops' of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as a vacuum cleaner," Paul A Cashin, Assistant Director in the IMF's Asi...

    24 Feb 2017, 3.04 pm  |  Source: PTI

  • Inflation key pillar of stability for Indian economy: Report

    Inflation key pillar of stability for Indian economy: Report  

    In the recent monetary policy meeting conducted on February 8, RBI Governor Urjit Patel said that one of the main reasons for not cutting the policy interest rates is core inflation being sticky.

    24 Feb 2017, 2.30 pm  |  Source: PTI

  • India likely to be less affected by global economic shocks: IMF

    India likely to be less affected by global economic shocks: IMF  

    "That's why we think India will be, I'm not going to say immune, but less affected than other emerging economies if there's a further shock to the global economy, including a general global slowdown," Cashin said.

    24 Feb 2017, 1.20 pm  |  Source: PTI

  • India`s Q4 economic growth seen slowing to near 3-year low: Poll

    India's Q4 economic growth seen slowing to near 3-year low: Poll  

    Modi's announcement on November 8 ordering the removal of 500-rupee and 1,000-rupee notes took out around 86 percent of the currency in circulation, putting activity on the skids in a predominantly cash-reliant economy.

    24 Feb 2017, 1.18 pm  |  Source: Reuters

  • `Bad bank` to speed up stressed assets resolution: Fitch

    'Bad bank' to speed up stressed assets resolution: Fitch  

    The country's banks have significant asset-quality problems that are putting pressure on profitability and capital, as well as constraining their ability to lend, the ratings agency said.

    24 Feb 2017, 11.54 am  |  Source: PTI

  • UK must make India a trade priority post-Brexit: British MPs

    UK must make India a trade priority post-Brexit: British MPs  

    Four British MPs have asked the UK government to make strengthening trade ties with India a priority in the post-Brexit era.

    23 Feb 2017, 10.10 pm  |  Source: PTI

  • India submits TFA in services plan to WTO: Nirmala Sitharaman

    India submits TFA in services plan to WTO: Nirmala Sitharaman   

    India has submitted a proposal at the World Trade Organisation (WTO) to start discussions on trade facilitation agreement in services.

    23 Feb 2017, 9.44 pm  |  Source: PTI

  • India to be fastest growing economy among G-20 nations: Moody`s

    India to be fastest growing economy among G-20 nations: Moody's  

    India will be the fastest growing economy among G-20 countries clocking a 7.1 per cent growth in 2017, Moody's Investors Service said today.

    23 Feb 2017, 9.10 pm  |  Source: PTI

  • Investors willing to invest in success story of PSU cos: DIPAM

    Investors willing to invest in success story of PSU cos: DIPAM   

    Speaking to CNBC-TV18, Neeraj Gupta said that investors are willing to invest in success story of public sector undertaking (PSU) companies and the high demand in the PSU equity is a healthy trend.

    23 Feb 2017, 7.18 pm  |  Source: CNBC-TV18

  • Finmin launches app to provide updates to taxpayers on GST

    Finmin launches app to provide updates to taxpayers on GST  

    The Finance Ministry today launched a mobile app for Goods and Services Tax so as to provide updates to taxpayers on the new tax regime which is to be rolled out from July 1.

    23 Feb 2017, 7.14 pm  |  Source: PTI

  • Setback to GST? States want e-permit to be flashed at borders

    Setback to GST? States want e-permit to be flashed at borders  

    Goods and Services Tax (GST), the all-subversive tax reform which was promised will bring seamless movement of goods across states into reality has got the first chink in its armour in the form of e-permit. The centre, as a result...

    23 Feb 2017, 5.25 pm  |  Source: Moneycontrol.com

  • Canara Bank to sell 13.45% stake in Can Fin Homes

    Canara Bank to sell 13.45% stake in Can Fin Homes  

    State-owned Canara Bank has invited bids to sell 13.45 percent stake in its housing finance arm Can Fin Homes, to reduce its shareholding to 30 percent as per the government diktat.

    23 Feb 2017, 5.24 pm  |  Source: Moneycontrol.com

  • Realty sentiment hits 3-yr low in Dec qtr on note ban: Report

    Realty sentiment hits 3-yr low in Dec qtr on note ban: Report  

    The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.

    23 Feb 2017, 5.14 pm  |  Source: PTI

  • Housing finance firms cheer as SEBI hikes debt MF investment cap

    Housing finance firms cheer as SEBI hikes debt MF investment cap  

    Housing finance companies (HFCs) are elated with the Securities and Exchange Board of India’s move to hike the investment limit for debt mutual funds to 15% from 10% earlier.

    23 Feb 2017, 5.08 pm  |  Source: Moneycontrol.com

  • COMMENT: `Bad Bank` may be a bad idea but Acharya has a good solution

    COMMENT: 'Bad Bank' may be a bad idea but Acharya has a good solution  

    Both RBI and the government had tried various ways to reduce bad loans in order to enthuse banks to lend more and the private sector to start investing, but with little success. In fact, the delay has caused more debtors joining t...

    23 Feb 2017, 4.28 pm  |  Source: Moneycontrol.com

  • `Hike import duty on steel products, remove on ferro nickle`

    'Hike import duty on steel products, remove on ferro nickle'  

    The industry body had been pursuing with the government for zero duty on ferro nickel and stainless steel scrap and duty increase on stainless steel finished flat products.

    23 Feb 2017, 3.36 pm  |  Source: PTI

  • SBI set to hire retired officials as concurrent auditors

    SBI set to hire retired officials as concurrent auditors  

    Ahead of merger, State Bank of India (SBI) has called upon retired officers to become concurrent auditors with the bank to oversee compliance and risks under loans and operational activities.

    23 Feb 2017, 3.33 pm  |  Source: Moneycontrol.com

  • Sikkim gets on board for UDAY, Rs 356 cr benefit seen

    Sikkim gets on board for UDAY, Rs 356 cr benefit seen  

    "The Government of India and Sikkim signed a memorandum of understanding (MoU) under the Scheme Ujwal Discom Assurance Yojana (UDAY) today, for operational improvement of the state's Power Distribution Department," a power ministr...

    23 Feb 2017, 3.28 pm  |  Source: PTI

  • IRDA shelves plans to make listing of life insurers mandatory

    IRDA shelves plans to make listing of life insurers mandatory  

    The insurance regulator had earlier proposed mandatory listing of large insurers. The proposal met with stiff opposition from several players who contended that this was not known to them at the time of entering the business.

    23 Feb 2017, 3.03 pm  |  Source: Moneycontrol.com

  • Note ban impact on loan, deposit growth significant: Moody`s

    Note ban impact on loan, deposit growth significant: Moody's  

    The cancellation of legal tender of 500 and 1,000 rupee notes has led to a slowdown in economic activity that weighed on demand for credit among companies and retail borrowers during the October-December quarter, it said.

    23 Feb 2017, 2.12 pm  |  Source: PTI

  • FPI holding in BSE-200 cos drops to $305 bn in Dec-qtr: Report

    FPI holding in BSE-200 cos drops to $305 bn in Dec-qtr: Report  

    FPI ownership in the BSE-200 index stood at USD 337 billion during the September quarter, according to the Kotak Institutional Equities report.

    23 Feb 2017, 1.56 pm  |  Source: PTI

  • India`s January rubber imports drop 39 % y/y as prices rally

    India's January rubber imports drop 39 % y/y as prices rally  

    The country's production in the month jumped 27 percent to 66,000 tonnes from a year ago as farmers increased tapping to cash in on the price rally, the board said in a statement.

    23 Feb 2017, 1.41 pm  |  Source: Reuters

  • Policy rates to stay on hold throughout 2017: Nomura

    Policy rates to stay on hold throughout 2017: Nomura  

    The minutes from the Reserve Bank's February 8 policy meeting shows that focus has shifted to lowering inflation towards the medium term target of 4 percent.

    23 Feb 2017, 1.18 pm  |  Source: PTI

  • Indian economy remains a bright spot in global landscape

    Indian economy remains a bright spot in global landscape  

    In its annual country report on India, the International Monetary Fund (IMF) yesterday said growth is expected at 6.6 percent in this fiscal year and at 7.2 percent in the following year.

    23 Feb 2017, 9.58 am  |  Source: PTI

  • UK created maximum jobs in India via FDI: Report

    UK created maximum jobs in India via FDI: Report  

    "Between 2000 and 2016, British FDI created 371,000 jobs 10 percent of all jobs created by FDI. The total number of people employed by British companies in India currently stands at 788,000 representing 5.3 percent, or one in twen...

    23 Feb 2017, 9.14 am  |  Source: PTI

  • FinMin to finalise capital infusion of Rs 8,000cr within 15 days

    FinMin to finalise capital infusion of Rs 8,000cr within 15 days  

    The second round of capital infusion is almost ready and in the next few days it should go to Finance Minister Arun Jaitley for approval, sources said.

    23 Feb 2017, 9.04 am  |  Source: PTI

  • Andhra CM-led panel to submit final report on digitisation soon

    Andhra CM-led panel to submit final report on digitisation soon  

    "Five Chief Ministers, Niti Aayog, all of us are working. We've given an interim report and we're going to give final report very soon," Naidu told reporters on the sidelines of a Microsoft event here.

    23 Feb 2017, 8.46 am  |  Source: PTI

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