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Economy

  • Arun Jaitley to meet state ministers to push GST bill

    Arun Jaitley to meet state ministers to push GST bill  

    The proposed tax reform, the biggest since India's independence from Britain in 1947, seeks to replace a slew of taxes and levies in its 29 states, transforming the nation of 1.3 billion people into a customs union.

    26 Jul 2016, 8.04 am  |  Source: Reuters

  • RBI can`t be expected to fix macro issues: Nobel laureate

    RBI can't be expected to fix macro issues: Nobel laureate  

    "The central bank (RBI) should continue to focus on inflation. I think sometimes people expect too much from the RBI," Hansen told reporters here.

    26 Jul 2016, 7.46 am  |  Source: PTI

  • 25 Since Reforms: Bimal Jalan

    25 Since Reforms: Bimal Jalan   

    Watch the interview of Bimal Jalan Former Governor, RBI Chairman, PMEAC - 1991 to CNBC-TV18, in which he shared his thoughts on 25 years of reforms in India and its impact on Indian economy.

    25 Jul 2016, 10.31 pm  |  Source: CNBC-TV18

  • Govt trying to pass GST bill this session: Meghwal

    Govt trying to pass GST bill this session: Meghwal  

    Government is working overtime to build a consensus on the long-pending Goods and Services Tax (GST) bill with the hope of getting it passed during the ongoing Parliament session, Minister of State for Finance Arjun Ram Meghwal s...

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • India to renegotiate all bilateral investment pacts: Nirmala

    India to renegotiate all bilateral investment pacts: Nirmala  

    India has proposed to renegotiate all its bilateral investment pacts and to replace them with new treaties, Parliament was informed today.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Hope next RBI guv continues inflation crusade: Prof Lars Hansen

    Hope next RBI guv continues inflation crusade: Prof Lars Hansen   

    Outgoing Reserve Bank of India Raghuram Rajan, who was attacked by some for following his tight monetary policy stance, found backing from his University of Chicago colleague, nobel-laureate Lars Hansen.

    25 Jul 2016, 7.59 pm  |  Source: CNBC-TV18

  • `Take-home` most important salary component for workers:Report

    'Take-home' most important salary component for workers:Report  

    According to a TimesJobs.com Compensation and Benefit study that surveyed over 1,000 employers, take-home salary has emerged as the common preferred salary component among employees across generations there are distinct difference...

    25 Jul 2016, 6.42 pm  |  Source: PTI

  • Economy would`ve benefited if Rajan had stayed: Subbarao

    Economy would've benefited if Rajan had stayed: Subbarao   

    Terming Reserve Bank Governor Raghuram Rajan's decision to not seek an extension as 'surprising', his predecessor Duvvuri Subbarao says the economy would have been benefited immensely if he had continued.

    25 Jul 2016, 5.27 pm  |  Source: CNBC-TV18

  • Power deficit 0.9% in April-June quarter this fiscal: Goyal

    Power deficit 0.9% in April-June quarter this fiscal: Goyal  

    "As per information given by states/UTs to the Central Electricity Authority, the gap between demand and supply of electricity has been brought down to the lowest ever 2.1 percent during 2015-16 which has further reduced to 0.9 pe...

    25 Jul 2016, 3.52 pm  |  Source: PTI

  • Rs 7 lakh cr to be spent to build 50,000 kms of highways:Gadkari

    Rs 7 lakh cr to be spent to build 50,000 kms of highways:Gadkari  

    During Question Hour in Rajya Sabha, Union Minister Nitin Gadkari said the Government has allocated a total Gross Budgetary support of Rs 46,834 crores including cess and toll remittance for 2016-17 for the Road, Transport and Hig...

    25 Jul 2016, 3.50 pm  |  Source: PTI

  • Call Drop:Telcos commit Rs 20,000cr for towers,seek new spectrum

    Call Drop:Telcos commit Rs 20,000cr for towers,seek new spectrum  

    "Telecom operators have installed 48,000 towers in last 45 days, out of 60,000 towers they promised to install in 100 days," Telecom Minister Manoj Sinha told reporters after a meeting with them.

    25 Jul 2016, 3.34 pm  |  Source: PTI

  • No dispute between coal and power ministries over 7 mines: Govt

    No dispute between coal and power ministries over 7 mines: Govt  

    "There is no dispute between Ministries of Coal and Power with regard to allocation of 7 coal mines identified for allotment to power projects to be awarded on tariff-based bidding," Coal and Power Minister Piyush Goyal said in a ...

    25 Jul 2016, 3.34 pm  |  Source: PTI

  • Rs 2,237 cr revenue generated from 74 coal mines: Govt

    Rs 2,237 cr revenue generated from 74 coal mines: Govt  

    The revenue which would accrue to the coal bearing states from the allocation of mines comprises of upfront payment as prescribed in allotment document, auction/allotment process and royalty on per tonne of coal production, the mi...

    25 Jul 2016, 2.54 pm  |  Source: PTI

  • Govt exploring ways to bring petro products under DBT: Pradhan

    Govt exploring ways to bring petro products under DBT: Pradhan  

    Pradhan said in Lok Sabha that so far the petroleum products have been kept out of the purview of the proposed Goods and Services Tax but an in-principle decision has been taken to bring petroleum products under it.

    25 Jul 2016, 2.34 pm  |  Source: PTI

  • Rains support RBI rate cut, may douse agflation : BoA-ML

    Rains support RBI rate cut, may douse agflation : BoA-ML  

    According to the global financial services major, normal rains are pushing up sowing and river waters would douse agricultural inflation (agflation) going forward.

    25 Jul 2016, 2.08 pm  |  Source: PTI

  • Coffee production likely to fall 8% this fiscal: Government

    Coffee production likely to fall 8% this fiscal: Government  

    "It has been estimated that there is a likelihood of decline in coffee production in 2016-17 by 8 percent compared to that in 2015-16 due to lack of timely rains and high temperature during the crucial flowering stage," Commerce a...

    25 Jul 2016, 1.58 pm  |  Source: PTI

  • 7.5% economic growth failed to change people`s lives: Jean Dreze

    7.5% economic growth failed to change people's lives: Jean Dreze  

    Dreze, a former member of UPA's National Advisory Council and now a visiting professor at the department of economics, Ranchi University, said the growth rates of the last two years are in line with this trajectory.

    25 Jul 2016, 10.26 am  |  Source: PTI

  • Finmin allots Rs 2,000 cr extra budgetary grant for Chardham

    Finmin allots Rs 2,000 cr extra budgetary grant for Chardham  

    "The Finance Ministry has approved an extra budgetary support of Rs 2,070 crore for the Chardham project under which work is in progress to provide all-weather connectivity to Kedarnath, Badrinath, Yamunotri and Gangotri," an offi...

    25 Jul 2016, 10.26 am  |  Source: PTI

  • Green panel gives nod to MCL`s coal washery project in Odisha

    Green panel gives nod to MCL's coal washery project in Odisha  

    Coal India arm MCL has proposed setting up of 'Jagannath Coal Washery' with 10 million tonnes per annum (MTPA) capacity in an area of 30 hectare at Hensmul village in Talcher district.

    25 Jul 2016, 10.24 am  |  Source: PTI

  • FinMin asks profit making PSUs to consider stock split

    FinMin asks profit making PSUs to consider stock split  

    The Department of Investment and Public Asset Management (DIPAM) in a recent letter to Central Public Sector Enterprises (CPSEs) has asked them to pay dividend at the rate of 30 percent of net profit or 5 percent of the networth, ...

    25 Jul 2016, 10.24 am  |  Source: PTI

  • Parliamentary tiffs could worsen odds of GST getting passed

    Parliamentary tiffs could worsen odds of GST getting passed   

    The government is expected to meet with state finance ministers on July 26 to discuss the GST Bill. A Cabinet meeting is also expected to take cognizant of parliamentary committee’s suggestions on GST.

    25 Jul 2016, 10.21 am  |  Source: CNBC-TV18

  • Telcos seek clarity in GST on value added services

    Telcos seek clarity in GST on value added services  

    Certain VAS offerings such as ringtones come under the 'entertainment tax laws' in some states, the paper said, adding that as service tax is also liable on revenue generated from rendering such services, there is a dual levy on t...

    25 Jul 2016, 9.52 am  |  Source: PTI

  • Hopeful of Road Safety Bill passage in Monsoon Session: Gadkari

    Hopeful of Road Safety Bill passage in Monsoon Session: Gadkari  

    A Cabinet note has been floated and the bill is likely to be taken up soon for its nod, an official said.

    25 Jul 2016, 9.16 am  |  Source: PTI

  • People in agriculture underemployed, says Arun Jaitley

    People in agriculture underemployed, says Arun Jaitley  

    Speaking at the inaugural ceremony of Symbiosis International University campus at Kothur in Mahaboobnagar District, Jaitely said population in some of the developed countries is contracting and the trend may present opportunities...

    25 Jul 2016, 8.14 am  |  Source: PTI

  • Govt should resist urge of control everything: Jaitley

    Govt should resist urge of control everything: Jaitley  

    Delivering Justice Konda Madhva Reddy Memorial lecture, Jaitley also said India did not have the "intellectual honesty" to admit that the previous economic model was at least "partly fraud".

    25 Jul 2016, 7.38 am  |  Source: PTI

  • India, US solar case: WTO appellate body`s ruling in mid-Sept

    India, US solar case: WTO appellate body's ruling in mid-Sept  

    WTO's appellate body is expected to give its ruling by mid-September in the solar mission dispute between India and the US.

    24 Jul 2016, 2.10 pm  |  Source: PTI

  • Govt fixes year-end target of 100% Aadhaar-linked DBT

    Govt fixes year-end target of 100% Aadhaar-linked DBT  

    All Direct Benefit Transfers (DBT) will be linked to Aadhaar by the end of the current calendar year.

    24 Jul 2016, 11.36 am  |  Source: PTI

  • GST listing in RS likely this week, Jaitley to meet state FMs

    GST listing in RS likely this week, Jaitley to meet state FMs  

    Government is likely to list the much-delayed GST Bill for discussion in the Rajya Sabha this week after Finance Minister Arun Jaitley meets state finance ministers on Tuesday.

    24 Jul 2016, 12.00 am  |  Source: PTI

  • Start-ups now need only a DIPP certificate for IPR benefits

    Start-ups now need only a DIPP certificate for IPR benefits  

    Earlier, a budding entrepreneur had to go through an elaborate process of approaching an inter-ministerial board to procure the Intellectual Property Rights (IPR) benefits.

    23 Jul 2016, 4.12 pm  |  Source: PTI

  • Make changes in MoU signed on Metro Rail projs: TN CM to Centre

    Make changes in MoU signed on Metro Rail projs: TN CM to Centre  

    "Certain clause are against welfare of the state in the Memorandum of Understanding signed between the then DMK government, the Centre and Chennai Metro Rail Ltd in 2011."

    23 Jul 2016, 3.40 pm  |  Source: PTI

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