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Economy

  • Report on roadmap to double farmers` income by Sept: Govt

    Report on roadmap to double farmers' income by Sept: Govt  

    Highlighting measures taken to boost farm output and farmers income, the Minister said in Rajya Sabha more funds have been allocated under various schemes like PMKSY and hence there are no plans for a separate agriculture budget.

    29 Jul 2016, 3.14 pm  |  Source: PTI

  • FDI rises 7% to $10.55 bn in Q1

    FDI rises 7% to $10.55 bn in Q1  

    The sectors, which attracted maximum FDI during the period, included computer hardware and software, services, telecommunications, power, pharmaceuticals and trading business.

    29 Jul 2016, 2.34 pm  |  Source: PTI

  • FDI inflows jump 53% in last two years, says Arun Jaitley

    FDI inflows jump 53% in last two years, says Arun Jaitley  

    Emphasising that investments are not made for "charity", Finance Minister Arun Jaitley told the Lok Sabha that improving the ease of doing business was a "work in progress".

    29 Jul 2016, 1.42 pm  |  Source: PTI

  • Rajya Sabha to take up GST bill next week

    Rajya Sabha to take up GST bill next week  

    Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi, while making a statement regarding government business for the week starting August 1 in the Upper House, said the Constitution (122nd Amendement) Bill, 2014 will be...

    29 Jul 2016, 12.58 pm  |  Source: PTI

  • RBI to keep rates unchanged in August 9 policy: ICRA

    RBI to keep rates unchanged in August 9 policy: ICRA  

    It said the central bank is expected to keep rates unchanged for now as CPI inflation at around 5.8 percent in June is close to upper end of RBI's target of 4 percent (+/- 2 percent).

    29 Jul 2016, 12.51 pm  |  Source: PTI

  • India`s strategic oil reserves unlikely to stir market

    India's strategic oil reserves unlikely to stir market  

    While New Delhi has not shown its full hand in revealing its intentions, the first reports that SPRs might provide 90 days of net import coverage had stoked industry hopes of an important new pillar of oil demand.

    29 Jul 2016, 11.52 am  |  Source: Reuters

  • P Chidambaram rejects Arun Jaitley`s remarks over inflation

    P Chidambaram rejects Arun Jaitley's remarks over inflation  

    "FM said UPA bequeathed double digit inflation. In June 2014 CPI (Consumer Price Index) was 6.77 and WPI (The Wholesale Price Index) was 5.66. Did FM add the two numbers? Voodoo statistics!" Chidambaram tweeted.

    29 Jul 2016, 10.28 am  |  Source: PTI

  • Govt mulls curbs on sugar sales at mill level to check prices

    Govt mulls curbs on sugar sales at mill level to check prices  

    Food Secretary Vrinda Sarup reviewed the price situation here today in a video conference interaction with both sugar producing and consuming states.

    29 Jul 2016, 9.40 am  |  Source: PTI

  • PM asks NITI to prepare visionary roadmap for India`s growth

    PM asks NITI to prepare visionary roadmap for India's growth  

    Stating that time for incremental change is long over, Modi called for a roadmap to lay the foundation for the country's growth over the 21st century.

    29 Jul 2016, 9.38 am  |  Source: PTI

  • E-commerce can create 12 mn jobs in a decade: HSBC

    E-commerce can create 12 mn jobs in a decade: HSBC  

    In the coming decade the country needs to create 80 million jobs and as per a report by HSBC it might fall short by 24 million if business and economic growth is as usual.

    29 Jul 2016, 9.24 am  |  Source: Moneycontrol.com

  • Govt admits `a lot remains to be done` for entrepreneurship

    Govt admits 'a lot remains to be done' for entrepreneurship  

    After the meeting, Commerce and Industry Minister Nirmala Sitharaman said the participants raised concerns related to taxation, regulators and compliance burden.

    29 Jul 2016, 7.44 am  |  Source: PTI

  • GST bill pending in RS requires amendment: Chidambaram

    GST bill pending in RS requires amendment: Chidambaram  

    The Union Cabinet approved amendments to the GST bill, dropping the 1 percent manufacturing tax and also incorporating words that guarantees compensation to states for first five years.

    29 Jul 2016, 7.44 am  |  Source: PTI

  • 13.39 crore rural households` income is less than Rs 5,000

    13.39 crore rural households' income is less than Rs 5,000  

    More than 13 crore rural households in the country have income of less than Rs 5,000 per month, Parliament was informed today.

    28 Jul 2016, 9.00 pm  |  Source: PTI

  • Govt asserts that prices of pulses will be brought down

    Govt asserts that prices of pulses will be brought down  

    Under attack from opposition on inflation, the government today asserted that prices of pulses would be brought down and asked states to share the responsibility, particularly by taking stringent action against hoarders.

    28 Jul 2016, 9.00 pm  |  Source: PTI

  • Finmin warns tax officials on resolution against revenue dept

    Finmin warns tax officials on resolution against revenue dept  

    In a strongly worded statement, the ministry said: "Finance Minister Arun Jaitley has taken a serious view of such a resolution by officers of organised Group 'A' service to advise the government on what role it should play.

    28 Jul 2016, 4.12 pm  |  Source: PTI

  • 35 hydro power projects awaiting concurrence by CEA: Govt

    35 hydro power projects awaiting concurrence by CEA: Govt  

    "Presently, 50 proposals for setting up of hydro electric projects have been received from various states in Central Electricity Authority (CEA) for concurrence/appraisal," Power Minister Piyush Goyal informed the Lok Sabha.

    28 Jul 2016, 4.02 pm  |  Source: PTI

  • NDMC to implement 7th Pay Commission despite financial crunch

    NDMC to implement 7th Pay Commission despite financial crunch  

    "After the notification of recommendations of the 7th Pay Commission by the Centre, it has been decided that NDMC would also implement the recommendations of the 7th Pay Commission for its employees as it is," NDMC Standing Commit...

    28 Jul 2016, 3.54 pm  |  Source: PTI

  • No final decision on scrapping SPVs for four UMPPs: Govt

    No final decision on scrapping SPVs for four UMPPs: Govt  

    Activities in the ultra mega power projects (UMPPs) -- Maharashtra, Odisha (second additional UMPP), Karnataka and Surguja in Chhattisgarh -- are stuck due to various reasons, including agitation by local people and non-identifica...

    28 Jul 2016, 3.38 pm  |  Source: PTI

  • Govt discussing every industry input on GST: CBEC official

    Govt discussing every industry input on GST: CBEC official  

    "The government can assure you that each and every representation received from the trade and industry is discussed and deliberated upon. It may or may not be part of the final GST law, but with a certain amount of certainty, I ca...

    28 Jul 2016, 3.30 pm  |  Source: PTI

  • India should continue fiscal consolidation for better prospect

    India should continue fiscal consolidation for better prospect  

    According to the IMF, India's external sector position in 2015-16 is broadly consistent with medium-term fundamentals and desirable policy settings.

    28 Jul 2016, 3.08 pm  |  Source: PTI

  • GST bill: Most parties on board, house may take it up next week

    GST bill: Most parties on board, house may take it up next week   

    Sources said the Bill will be brought in the Rajya Sabha early next week with the leaders of Trinamool Congress, Samajwadi Party and the Left parties meeting Finance Minister Arun Jaitley and expressing their approval.

    28 Jul 2016, 3.08 pm  |  Source: NEWS18.com

  • Trai seeks views on ombudsman for customer complaints

    Trai seeks views on ombudsman for customer complaints  

    The paper seeks public views on a range of issues, including creation of a legal framework (for establishment of office of telecom ombudsman), its structure, funding, the type of complaints that it should handle, its powers, funct...

    28 Jul 2016, 2.12 pm  |  Source: PTI

  • 403 road projects worth Rs 3.85 lakh crore pending: Gadkari

    403 road projects worth Rs 3.85 lakh crore pending: Gadkari  

    Responding to supplementaries, Road Transport and Highways Minister Nitin Gadkari said by the next Parliament session, finality will be achieved regarding these projects -- either they will be restarted or terminated.

    28 Jul 2016, 2.12 pm  |  Source: PTI

  • Centre asks states to offer power to industries at fixed rates

    Centre asks states to offer power to industries at fixed rates  

    Power Minister Piyush Goyal said in Lok Sabha that the country was producing sufficient power and hence efforts should be made by state governments to attract industries by offering uninterrupted power.

    28 Jul 2016, 2.12 pm  |  Source: PTI

  • India seeks pulses from Myanmar, Africa to ease shortage: Min

    India seeks pulses from Myanmar, Africa to ease shortage: Min  

    More purchases by India, the world's top consumer of pulses, could help the country rein in its headline inflation, which hit a near two-year high in June on double-digit annual increases in prices of sugar, vegetables and pulses.

    28 Jul 2016, 12.18 pm  |  Source: Reuters

  • Pay hikes, good monsoons augur well for industry: HUL boss Mehta

    Pay hikes, good monsoons augur well for industry: HUL boss Mehta   

    "India has been a great story for consumer goods in medium to long-term," he tells CNBC-TV18, adding there is a lot of headroom to grow for more nascent categories.

    28 Jul 2016, 11.39 am  |  Source: CNBC-TV18

  • 3 AP cities to have all LED lights ahead of `Pushkaralu` fest

    3 AP cities to have all LED lights ahead of 'Pushkaralu' fest  

    Energy Efficiency Services Limited (EESL), a unit of the Energy Department of Government of India, has invested Rs 360 crore to replace all street lights with LED bulbs in the three cities.

    28 Jul 2016, 10.42 am  |  Source: PTI

  • Andhra seeks Rs 7,269 cr central sales tax dues

    Andhra seeks Rs 7,269 cr central sales tax dues  

    State Finance Minister Yanamala Ramakrishnudu made this plea to Union Finance Minister Arun Jaitley at the Empowered Committee meeting of Finance Ministers in New Delhi, a press release from the state's Information and Public Rela...

    28 Jul 2016, 9.00 am  |  Source: PTI

  • Subbarao questions inflation-targeting, doubts its efficacy

    Subbarao questions inflation-targeting, doubts its efficacy  

    "Inflation has come down to such a low level now.. even gone below 5 percent, but now it is inching back. So achieving 4 percent inflation target by January 2018 is going to be quite challenging," Subbarao told PTI.

    28 Jul 2016, 9.00 am  |  Source: PTI

  • Unit 1 of Parbati-III power station restored: NHPC

    Unit 1 of Parbati-III power station restored: NHPC  

    "The Unit 1 of Parbati-III power station which was shut down since March 28, 2015 has been restored on July 26, 2016," NHPC said in a filing to BSE.

    28 Jul 2016, 8.56 am  |  Source: PTI

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