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Economy

  • Natural gas price likely to be hiked by 8%

    Natural gas price likely to be hiked by 8%  

    Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including US Henry Hub.

    19 Feb 2017, 12.26 pm  |  Source: PTI

  • Farmer suicides: Loans help widows become entrepreneurs

    Farmer suicides: Loans help widows become entrepreneurs  

    Vibhatai Bhilkar, a widow of one of the thousands of farmers who committed suicide in Wardha district of Maharashtra has successfully set up her grocer shop after a year of her husband’s death.

    19 Feb 2017, 12.19 pm  |  Source: Moneycontrol.com

  • Road to GST: Public will benefit from anti-profiteering clause, say experts

    Road to GST: Public will benefit from anti-profiteering clause, say experts   

    MS Mani, Senior Director, Deloitte, said the clause will also help curb inflationary pressures on the economy when GST is implemented.

    18 Feb 2017, 6.09 pm  |  Source: CNBC-TV18

  • Road to GST: Council clears draft law for compensating states` loss

    Road to GST: Council clears draft law for compensating states' loss  

    Finance Minister Arun Jaitley-led GST Council met on Saturday and approved the Draft Compensation Bill, in a bid to speed up the rollout of Goods and Services Tax by July 1, 2017. Crucial draft laws pertaining largely to Central G...

    18 Feb 2017, 5.15 pm  |  Source: Moneycontrol.com

  • Bank GNPAs may rise to 16-17% of loans in 1-2 yrs: Credit Suisse

    Bank GNPAs may rise to 16-17% of loans in 1-2 yrs: Credit Suisse   

    At the end of Q3, a whopping 41 percent of corporate debt is with companies whose earnings are less than their interest outgo. Credit Suisse's MD and Head of Research Ashish Gupta shares his detailed analysis with CNBC-TV18's Lath...

    18 Feb 2017, 3.00 pm  |  Source: CNBC-TV18

  • Trade unions lost the plot by not focusing on young workforce

    Trade unions lost the plot by not focusing on young workforce  

    The clout enjoyed by trade unions, which could once influence management decisions for workers and also successfully create roadblocks if demands were not met, is slowly reducing.

    18 Feb 2017, 1.11 pm  |  Source: Moneycontrol.com

  • States` market borrowing to rise 22% to 4.5 tn in FY18

    States' market borrowing to rise 22% to 4.5 tn in FY18  

    The rise in the borrowings of state governments would exert upward pressure on state development loan (SDL) yields in the financial year 2017-18, Roy said.

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Govt sees 5.8% drop in onion output this year

    Govt sees 5.8% drop in onion output this year  

    As per the first estimate released by the Agriculture Ministry, onion production is pegged at 197.13 lakh tonnes for 2016-17 crop year (July-June) as against actual output of 209.31 lakh tonnes last year.

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Cash credit limit for MSMEs raised to 30%: Arjun Ram Meghwal

    Cash credit limit for MSMEs raised to 30%: Arjun Ram Meghwal  

    "They (banks and financial institutions) are calculating the CC limit on the basis of turnover. We have decided that if you do your (MSME) business digitally then you can get the cash credit limit up to 30 percent. It is a big mov...

    18 Feb 2017, 12.54 pm  |  Source: PTI

  • Electronics imports increase by 26% to Rs 26,757 cr in Jan

    Electronics imports increase by 26% to Rs 26,757 cr in Jan  

    Electronics imports stood at Rs 21,220 crore in the same month a year ago and exports were at Rs 3,526.13, the estimates said.

    18 Feb 2017, 12.26 pm  |  Source: PTI

  • REC inks 2 pacts with Jharkhand utilities for Rs 15,000 cr loan

    REC inks 2 pacts with Jharkhand utilities for Rs 15,000 cr loan  

    "On the occasion of 'Momentum Jharkhand Global Investors Summit 2017', two MOUs of Rs 15,150 crore have been signed by REC with JBVNL (Rs 8,150 crore) and JUSNL Rs 7,000 crore), in presence of Jharkhand Chief Minister Raghubar Das...

    18 Feb 2017, 12.26 pm  |  Source: PTI

  • Summit a success, 210 MoUs worth Rs 3 lakh crore signed: Das

    Summit a success, 210 MoUs worth Rs 3 lakh crore signed: Das  

    Addressing the Valedictory Session of the Summit, Das said 210 MoUs worth more than 3.10 lakh crore were signed which would give employment to around three lakh people.

    18 Feb 2017, 12.12 pm  |  Source: PTI

  • GSM mobile additions at 5.15 million in January: COAI

    GSM mobile additions at 5.15 million in January: COAI  

    The Indian telecom industry added 5.15 million mobile subscribers in January this year, which was lower than the 8.18 million subscribers added in December.

    17 Feb 2017, 9.22 pm  |  Source: PTI

  • Axis Bank keeps MCLRs unchanged; 1-yr tenor loan at 8.25%

    Axis Bank keeps MCLRs unchanged; 1-yr tenor loan at 8.25%  

    Private sector Axis Bank has decided to keep the marginal cost of fund based lending rates (MCLRs) unchanged for the next monthly cycle beginning tomorrow.

    17 Feb 2017, 9.22 pm  |  Source: PTI

  • India to produce additional 20-mn tn coking coal in 3-4 years

    India to produce additional 20-mn tn coking coal in 3-4 years  

    To reduce imports, India will wash certain grades of coal to make available 20 million tonnes of coking coal in the next 3-4 years mainly for domestic steel industry's, Power Minister Piyush Goyal said today.

    17 Feb 2017, 9.22 pm  |  Source: PTI

  • Patel keeps markets guessing; assures path to inflation, growth

    Patel keeps markets guessing; assures path to inflation, growth  

    In a rare interview and his first since he became RBI Governor, Patel on Friday opened up on the latest monetary policy decision and the factors that will curate the future interest rates.

    17 Feb 2017, 8.26 pm  |  Source: Moneycontrol.com

  • GST Council likely to finalise draft model GST law today

    GST Council likely to finalise draft model GST law today  

    The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.

    17 Feb 2017, 7.20 pm  |  Source: PTI

  • Biscuit makers seek lower tax rate under GST

    Biscuit makers seek lower tax rate under GST  

    Biscuit manufacturers have sought lower GST rate saying it is an item of mass consumption and higher taxes will have an adverse impact on production as well as demand of this food item.

    17 Feb 2017, 7.20 pm  |  Source: PTI

  • Forex reserves down $360.9 mn to $362.78 bn

    Forex reserves down $360.9 mn to $362.78 bn  

    India's foreign exchange reserves dropped by USD 360.9 million to USD 362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today.

    17 Feb 2017, 7.08 pm  |  Source: PTI

  • States` gross market borrowing likely Rs 4.5 trn in FY18: ICRA

    States' gross market borrowing likely Rs 4.5 trn in FY18: ICRA  

    The gross market borrowing of the state governments is likely to rise from Rs 3.7 trillion in 2016-17 to Rs 4.5 trillion in 2017-18 which would exert an upward pressure on state development loans (SDL) yields in the next fiscal, r...

    17 Feb 2017, 7.08 pm  |  Source: PTI

  • Ahead of merger, SBI arms to offer voluntary retirement to staff

    Ahead of merger, SBI arms to offer voluntary retirement to staff  

    State Bank of India’s (SBI) five associate banks will offer voluntary retirement schemes (VRS) for their employees before the date from which the merger will be effective. The date for the merger is yet to be notified.

    17 Feb 2017, 4.02 pm  |  Source: Moneycontrol.com

  • COMMENT: Markets would do well to heed RBI governor Patel

    COMMENT: Markets would do well to heed RBI governor Patel  

    RBI governor Urjit Patel, in an interview with Network 18 Group Editor-in-Chief Rahul Joshi, highlighted the strength of the Indian economy and the prospects of the country post demonetisation.

    17 Feb 2017, 4.02 pm  |  Source: Moneycontrol.com

  • Aluminium industry wants import protection, government cautious

    Aluminium industry wants import protection, government cautious   

    Domestic aluminium makers want minimum import price (MIP) to protect against surge of cheap imports, but the commerce ministry “cautious” as move may not be strictly WTO-compliant

    17 Feb 2017, 2.53 pm  |  Source: Moneycontrol.com

  • COMMENT: India`s defence sector opportunity – hype or $12 bn hope?

    COMMENT: India's defence sector opportunity – hype or $12 bn hope?  

    Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).

    17 Feb 2017, 1.43 pm  |  Source: Moneycontrol.com

  • Cash position in economy may not be enough till March: Nomura

    Cash position in economy may not be enough till March: Nomura  

    The impact of demonetisation is still visible and trade volumes might be depressed for the next two months, says a Nomura report.

    17 Feb 2017, 1.28 pm  |  Source: PTI

  • Normalcy in currency operations restored: Jaitley

    Normalcy in currency operations restored: Jaitley  

    Finance Minister Arun Jaitley today said normalcy has been restored within few weeks of the unprecedented decision to recall 86 per cent of the currency in circulation and there is no shortage of notes in market.

    17 Feb 2017, 12.22 pm  |  Source: PTI

  • Insurers may soon need an actuary`s nod to sell new products

    Insurers may soon need an actuary's nod to sell new products  

    Insurance companies will soon be required to have their new policies examined by a panel of actuaries before they hit the market. This will be in addition to an initial round of screening of the policies which will be undertaken b...

    17 Feb 2017, 11.12 am  |  Source: Moneycontrol.com

  • Did RBI print Patel signature notes when Rajan was still Guv?

    Did RBI print Patel signature notes when Rajan was still Guv?  

    The new notes bear RBI governor Urjit Patel's signature but the process of printing began before he took office, according to a report in Hindustan Times.

    17 Feb 2017, 10.29 am  |  Source: Moneycontrol.com

  • Low-profile Guv Urjit Patel has ticked right boxes on policy

    Low-profile Guv Urjit Patel has ticked right boxes on policy  

    Like his predecessor Raghuram Rajan, incumbent governor Urjit Patel has developed a knack for catching the market by surprise

    17 Feb 2017, 9.48 am  |  Source: Moneycontrol.com

  • Under enigmatic Patel, Indians failing to read RBI policy

    Under enigmatic Patel, Indians failing to read RBI policy  

    Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signalling an end to India's longest monet...

    17 Feb 2017, 9.45 am  |  Source: Reuters

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