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Economy

  • Stalled 241 infra projects cause cost overrun of Rs 1.6 lakh cr

    Stalled 241 infra projects cause cost overrun of Rs 1.6 lakh cr  

    The Statistics Ministry monitored 1,076 infrastructure projects, each worth Rs 150 crore or more across sectors such as power, railways and roads in May, 2016.

    27 Jul 2016, 3.04 pm  |  Source: PTI

  • 60% probability of GST bill passage in current session: Nomura

    60% probability of GST bill passage in current session: Nomura  

    The GST bill, which intends to convert 29 states into a single market through a new indirect tax regime, was earlier planned to be introduced from April 1 this year, but the deadline was missed as the legislation to roll it out re...

    27 Jul 2016, 2.52 pm  |  Source: PTI

  • `Financial schemes for people affected by mining ban stopped`

    'Financial schemes for people affected by mining ban stopped'  

    Chief Minister Laxmikant Parsekar told the Assembly the umbrella scheme providing monthly financial help to the people who had lost their jobs due to the ban has been stopped.

    27 Jul 2016, 2.14 pm  |  Source: PTI

  • Roadblocks cleared, GST passage seen sooner rather than later

    Roadblocks cleared, GST passage seen sooner rather than later   

    After years of negotiations, arguably the country's biggest tax reform has likely cleared most of its hurdles and its rollout appears to be on track for its intended April 1, 2017 target.

    27 Jul 2016, 1.33 pm  |  Source: CNBC-TV18

  • Call drops situation to be improved in 3-4 months: Manoj Sinha

    Call drops situation to be improved in 3-4 months: Manoj Sinha  

    Manoj Sinha said the telecom operators will invest around Rs 20,000 crore to improve their infrastructure and install one lakh base transceiver station (BTS) to offer better services to customers.

    27 Jul 2016, 1.32 pm  |  Source: PTI

  • Monsoon to push GDP growth to over 8% this fiscal: Panagariya

    Monsoon to push GDP growth to over 8% this fiscal: Panagariya  

    Indian economy grew 7.9 percent in March quarter and recorded a five-year high growth rate of 7.6 percent for the 2015-16 fiscal on robust manufacturing growth.

    27 Jul 2016, 12.34 pm  |  Source: PTI

  • `India more than capable of achieving 100 Smart City goal`

    'India more than capable of achieving 100 Smart City goal'  

    India needs to keep its smart city vision in mind while it addresses issues such as sanitation and transport, in order to achieve its 100 Smart City goal.

    27 Jul 2016, 12.08 pm  |  Source: PTI

  • Sugar mills owe Rs 6,582 crore to cane farmers

    Sugar mills owe Rs 6,582 crore to cane farmers  

    "As on July 15, 94 percent of cane dues payable on Fair and Remunerative Price (FRP) basis for the sugar season 2015-16 has been cleared," Minister of State for Food C R Chaudhary said in a written reply to the Lok Sabha.

    27 Jul 2016, 9.32 am  |  Source: PTI

  • Govt fixes potato MEP at $360/tonne

    Govt fixes potato MEP at $360/tonne  

    Wholesale potato prices in Agra, Uttar Pradesh has increased to Rs 15.25 per kg today from Rs 7 per kg in the year-ago period.

    27 Jul 2016, 9.30 am  |  Source: PTI

  • Centre approves Rs 1601 crore for Himayat programme in J&K

    Centre approves Rs 1601 crore for Himayat programme in J&K  

    "Rs 1601.51 crore has been approved for the scheme over the next three years during which six-months, nine-months and one year job-oriented training in residential and non-residential courses will be imparted to the aspirants by t...

    27 Jul 2016, 7.52 am  |  Source: PTI

  • Railway ministry signs MoU with CII

    Railway ministry signs MoU with CII  

    Talking about the tie-up with CII, Railway Minister Suresh Prabhu said at the event, "Now, we are not just compliant with our own good standards but will be compliant with global standards." The MoU was signed for Green Business C...

    27 Jul 2016, 7.52 am  |  Source: PTI

  • Odisha approves 3 investment projects worth Rs 874 cr

    Odisha approves 3 investment projects worth Rs 874 cr  

    The government's nod to the three projects came at the State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary A P Padhi.

    27 Jul 2016, 7.34 am  |  Source: PTI

  • India`s future looks brighter going forward: Jagdish Sheth

    India's future looks brighter going forward: Jagdish Sheth   

    Watch the interview of Jagdish Sheth Professor - Marketing Goizueta Business School to CNBC-TV18's Shereen Bhan where he shared his thoughts on changing economic dynamics in India.

    26 Jul 2016, 10.50 pm  |  Source: CNBC-TV18

  • India needs to be careful with inflation targeting: Subbarao

    India needs to be careful with inflation targeting: Subbarao  

    India should avoid fixating on an inflation target given the need to ensure economic growth and financial stability, former central bank governor Duvvuri Subbarao warned on Tuesday.

    26 Jul 2016, 10.21 pm  |  Source: Reuters

  • CNBC-TV18 Exclusive: Amit Mitra says consensus achieved on key GST issues

    CNBC-TV18 Exclusive: Amit Mitra says consensus achieved on key GST issues   

    The Empowered Committee of State Finance Ministers, chaired by West Bengal FM Amit Mitra, today met Union Finance Minister Arun Jaitley to thrash out details of the ambitious goods and services tax (GST) reform.

    26 Jul 2016, 10.13 pm  |  Source: CNBC-TV18

  • India Inc foreign borrowing down sharply in June at $1.07 bn

    India Inc foreign borrowing down sharply in June at $1.07 bn  

    Indian firms had raised USD 3.16 billion from foreign markets in June 2015. In the previous month May 2016, the domestic firms had raised USD 1.32 billion from overseas markets.

    26 Jul 2016, 10.08 pm  |  Source: PTI

  • BJP-Congress playing ping-pong with GST Bill: Derek O`Brien

    BJP-Congress playing ping-pong with GST Bill: Derek O'Brien   

    In an interview with CNBC-TV18, Rajya Sabha MP from the Trinamool Congress Derek O'Brien talked about the headway the GST has made, TMC's stand on it and when he thinks the passage of the Bill is expected to take place.

    26 Jul 2016, 9.54 pm  |  Source: CNBC-TV18

  • Govt must protect central bank`s independence: Rajan

    Govt must protect central bank's independence: Rajan  

    Taking on his detractors, Governor Raghuram Rajan today said the criticism that RBI killed growth with high rates was at odds with "received wisdom" of India being fastest-growing and urged the government to look beyond 'motiv...

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Manipur joins UDAY scheme, to get benefits worth Rs 263 crore

    Manipur joins UDAY scheme, to get benefits worth Rs 263 crore  

    Manipur has joined the UDAY scheme meant for revival of debt-stressed power distribution utilities and will get benefits of around Rs 263 crore.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Excise mop up from Mumbai soars 36% to Rs 15,729 cr in Q1

    Excise mop up from Mumbai soars 36% to Rs 15,729 cr in Q1  

    Central excise collection from the Mumbai Zone jumped 36 per cent to Rs 15,729 crore in the first quarter of 2016-17 from Rs 11,551 crore a year ago, a senior official said today.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • New banking entrants to help improve credit culture: RBI

    New banking entrants to help improve credit culture: RBI  

    Reserve Bank's newly appointed deputy governor N S Vishwanathan today said the entry of new players in banking space should improve the credit culture.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Middle class inadequately prepared for financial future:Report

    Middle class inadequately prepared for financial future:Report  

    The personal finance advisory platform, News Corp-owned BigDecisions.com, also said around 90 percent of the middle-class people surveyed are not able to benefit adequately from IT deductions under Section 80C of the Income-Tax Ac...

    26 Jul 2016, 7.10 pm  |  Source: PTI

  • NPA clean-up should have started much earlier: Rajan

    NPA clean-up should have started much earlier: Rajan  

    He also said the lenders were initially reluctant to implement the clean-up which started from December 2015 with RBI identifying 150 largest accounts which were facing problems in servicing their debt obligations.

    26 Jul 2016, 7.08 pm  |  Source: PTI

  • Maize prices stable on increased sowing: USGC

    Maize prices stable on increased sowing: USGC  

    There were not much interest shown on the import tenders by state-owned trading firms State Trading Corporation (STC) PEC, floated for the poultry sector and dairy animals.

    26 Jul 2016, 7.08 pm  |  Source: PTI

  • 1.46 lakh ultra HNIs in India, growth slows in FY16: Report

    1.46 lakh ultra HNIs in India, growth slows in FY16: Report  

    Growth of ultra-high networth individuals (HNIs) in the country slowed to under 7 percent to reach 1.46 lakh at the end of 2015-16, according to a report.

    26 Jul 2016, 7.08 pm  |  Source: PTI

  • Old target surpassed, govt raises loan target to Rs 1.8 lakh cr

    Old target surpassed, govt raises loan target to Rs 1.8 lakh cr  

    Replying to questions, Minister of State for Finance Santosh Gangwar said the government had set a target of Rs 1.22 lakh crore worth loans to youth but has instead provided loans worth over Rs 1.37 lakh crore during the year 2015...

    26 Jul 2016, 4.18 pm  |  Source: PTI

  • IFFI infrastructure to be created through PPP: Parsekar

    IFFI infrastructure to be created through PPP: Parsekar  

    Participating in a congratulatory motion, the Chief Minister said the IFFI infrastructure will be equipped with facilities like an entertainment zone.

    26 Jul 2016, 4.18 pm  |  Source: PTI

  • Potential successors to RBI chief Raghuram Rajan

    Potential successors to RBI chief Raghuram Rajan  

    Two government sources with direct knowledge of the matter said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on September...

    26 Jul 2016, 4.15 pm  |  Source: Reuters

  • New RBI chief unlikely before Aug meeting, Kaushik Basu in frame

    New RBI chief unlikely before Aug meeting, Kaushik Basu in frame  

    Two government sources with direct knowledge of the matter also said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept...

    26 Jul 2016, 4.12 pm  |  Source: Reuters

  • Govt collected Rs 3,902 cr Swachh Bharat cess in FY`16

    Govt collected Rs 3,902 cr Swachh Bharat cess in FY'16  

    "The amount of Swachh Bharat Abhiyan cess collected in financial year 2015-16 is Rs 3901.78 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha today.

    26 Jul 2016, 4.00 pm  |  Source: PTI

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