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Economy

  • Monetary Policy Committee:  A job well begun

    Monetary Policy Committee: A job well begun  

    The MPC has six members, three from RBI (ie. governor, and deputy governor and executive director in charge of momentary policy) and three external members appointed by the government.

    26 Sep 2016, 7.45 am  |  Source: CNBC-TV18

  • Haryana to become kerosene-free from April 1 next year

    Haryana to become kerosene-free from April 1 next year  

    Haryana will become kerosene-free from April 1 next year, while eight of the state's 21 districts will get the status on November 1 this year, an official spokesperson said today.

    26 Sep 2016, 7.44 am  |  Source: PTI

  • Vigilance clearance awaited for new MPC members

    Vigilance clearance awaited for new MPC members  

    The all-powerful Monetary Policy Committee's first rate decision on October 4 hinges on vigilance clearance for the government-nominated three independent economists coming in time.

    25 Sep 2016, 11.36 am  |  Source: PTI

  • Rs 6.41 lakh cr investment potential in MoUs signed by Haryana

    Rs 6.41 lakh cr investment potential in MoUs signed by Haryana  

    Haryana government has signed a total of 406 MoUs for an investment of Rs 6.41 lakh crore in the state, after the Happening Haryana Global Investors' Summit held in March this year, a government official said today.

    24 Sep 2016, 6.44 pm  |  Source: PTI

  • Crop insurance to farmers within two weeks: Odisha govt

    Crop insurance to farmers within two weeks: Odisha govt  

    Odisha government today said arrangements are being made to provide crop insurance to the farmers affected by last year's drought within two weeks even as opposition Congress walked out of the House in protest.

    24 Sep 2016, 5.02 pm  |  Source: PTI

  • Many GST rates to bring administrative, legal problems: Frmr FM

    Many GST rates to bring administrative, legal problems: Frmr FM   

    In today's edition of Indianomics, former Finance Minister Yashwant Sinha outlined the politics of GST and said that too many GST rates will lead to administrative and legal problems and added that GST should be kept as simple as...

    24 Sep 2016, 5.00 pm  |  Source: CNBC-TV18

  • Haryana hails Rs 20 lakh threshold limit for GST

    Haryana hails Rs 20 lakh threshold limit for GST  

    Finance Minister Capt Abhimanyu said in a statement that Prime Minister Narendra Modi, was in favour of implementing GST in the entire country from April 1, 2017 onwards and the state was also fully prepared in this regard.

    24 Sep 2016, 10.04 am  |  Source: PTI

  • Nirmala announces incentives for marine sector under MEIS

    Nirmala announces incentives for marine sector under MEIS  

    Commerce Minister Nirmala Sitharaman today announced a raft of measures, including setting up of agencies for aquaculture and fisheries in all coastal states and export incentives for marine products, under the Merchandise Exports...

    24 Sep 2016, 10.04 am  |  Source: PTI

  • Poland seeks partnership with India in agri, food processing

    Poland seeks partnership with India in agri, food processing  

    Poland today sought partnership with India in agriculture and food processing sectors and offered its expertise in these areas.

    24 Sep 2016, 10.04 am  |  Source: PTI

  • Railways to spend entire outlay of Rs 1.21 lk cr this yr:Sinha

    Railways to spend entire outlay of Rs 1.21 lk cr this yr:Sinha  

    He said average investment in Railways during the last five years had been to the tune of about Rs 46,000 crore, which was increased to Rs 1 lakh crore last year, out of which Rs 94,000 crore was spent.

    24 Sep 2016, 10.04 am  |  Source: PTI

  • No extension in deadline for black money disclosure scheme

    No extension in deadline for black money disclosure scheme  

    In a series of tweets, Revenue Secretary Hasmukh Adhia said that expectations are raised that looking to the enthusiasm of people for making IDS declaration, the date for income disclosure scheme (IDS) would be extended.

    24 Sep 2016, 10.04 am  |  Source: PTI

  • `Consensus at GST Council signals April 2017 cut-off feasible`

    'Consensus at GST Council signals April 2017 cut-off feasible'  

    A decision on contentious issues like exemption and threshold taken with consensus without voting in the first meeting of GST Council signals that the April 2017 rollout deadline is achievable, experts said.

    23 Sep 2016, 7.22 pm  |  Source: PTI

  • States happy with outcome of GST Council`s first meeting

    States happy with outcome of GST Council's first meeting  

    At the first meeting of the GST Council, states proposed certain formulae based on their revenues for calculating compensation while the Centre proposed compensating states if the revenue growth rate falls below 12 percent.

    23 Sep 2016, 7.20 pm  |  Source: PTI

  • Pay hikes may not aid urban demand revival in H2FY17: UBS survey

    Pay hikes may not aid urban demand revival in H2FY17: UBS survey  

    Central Pay Commission (CPC) may not aid an urban demand recovery in second half of FY17 as widely anticipated says a UBS Evidence Lab's report put together by Head of India Research Gautam Chhaochharia and Analyst Sanjena Dadawal...

    23 Sep 2016, 6.51 pm  |  Source: Moneycontrol.com

  • Budget merger will be very helpful: MoS Railways

    Budget merger will be very helpful: MoS Railways  

    "Rather, it will be very helpful," he told reporters here, when asked if there would be "any difficulty" for the Railways with the central government's decision to merge the two Budgets.

    23 Sep 2016, 4.36 pm  |  Source: PTI

  • GST Council has compromised for less on threshold limit, says EY

    GST Council has compromised for less on threshold limit, says EY   

    The fact that the Centre will only govern GST on services is a good move as it will take time to train the states, till then it makes sense for the Centre to administer GST on services, says Harishanker Subramaniam of EY.

    23 Sep 2016, 3.00 pm  |  Source: CNBC-TV18

  • Govt releases Rs 315 cr for building toilets along Ganga

    Govt releases Rs 315 cr for building toilets along Ganga  

    The Ministry released the money to Ministry of Drinking Water and Sanitation for building toilets as per an action plan under Swachh Bharat campaign (Gramin) during 2016-17.

    23 Sep 2016, 2.46 pm  |  Source: PTI

  • India mines minerals worth Rs 17,339 cr in July

    India mines minerals worth Rs 17,339 cr in July  

    That was followed by petroleum (crude) at Rs 5,593 crore, natural gas (utilised) at Rs 2,165 crore, iron ore at Rs 1,347 crore, limestone at Rs 554 crore and Lignite at Rs 535 crore, it added.

    23 Sep 2016, 2.32 pm  |  Source: PTI

  • Indian manufacturers should boost exports to Singapore: Experts

    Indian manufacturers should boost exports to Singapore: Experts  

    At a seminar on India-Singapore Trade: Strengthening Opportunities attended by nearly 150 businessmen, they called on Indian exporters to find ways to push their exports, and re-exports through Singapore to the Asia Pacific region...

    23 Sep 2016, 2.16 pm  |  Source: PTI

  • GST Council sets threshold limit at Rs 20 lakh

    GST Council sets threshold limit at Rs 20 lakh   

    The Council will meet again on September 30 to finalise draft rules on exemptions. It will meet between October 17-19 to discuss rates.

    23 Sep 2016, 2.08 pm  |  Source: CNBC-TV18

  • ClearTax to advise stock traders on IT return filing

    ClearTax to advise stock traders on IT return filing  

    "Through its tech-enabled self e-filing platform, ClearTax allows the stock and F&O community to avail services such as bookkeeping, tax-saving, tax return preparation and filing and CA support over phone and email," the firm said...

    23 Sep 2016, 1.46 pm  |  Source: PTI

  • India seeks BRICS` cooperation to meet shortfall of pulses

    India seeks BRICS' cooperation to meet shortfall of pulses  

    "India would like to seek cooperation from member countries in helping to meet our production shortfall in crops like pulses and oilseeds," Agriculture Minister Radha Mohan Singh said addressing the 6th meet of BRICS Agriculture M...

    23 Sep 2016, 1.46 pm  |  Source: PTI

  • Comm Ministry for closure of interstate check points post GST

    Comm Ministry for closure of interstate check points post GST  

    The move would help in seamless movement of goods from one state to the other and it will acts as a "big boon particularly to exporters", an official said.

    23 Sep 2016, 1.46 pm  |  Source: PTI

  • `Widened scope of MEIS at Rs 23,500 cr to boost aqua exports`

    'Widened scope of MEIS at Rs 23,500 cr to boost aqua exports'  

    The State Agency for Development of Aquaculture and Fisheries would be set up in each of the coastal states to look into state-based issues in the aquaculture sector, Sitharaman said, inaugurating the 20th India International Seaf...

    23 Sep 2016, 1.46 pm  |  Source: PTI

  • India initiates dumping probe against rubber from 5 nations

    India initiates dumping probe against rubber from 5 nations  

    The Directorate General of Anti-Dumping and Allied Duties (DGAD), an arm of the Commerce Ministry, has begun investigating imports of 'polybutadiene rubber' from these regions.

    23 Sep 2016, 12.46 pm  |  Source: PTI

  • Nitin Gadkari stresses on need for agricultural revolution

    Nitin Gadkari stresses on need for agricultural revolution  

    The Road Transport, Highways and Shipping Minister was addressing the 17th Regulators and Policymakers Retreat organised by The Independent Power Producers Association of India in South Goa.

    23 Sep 2016, 11.04 am  |  Source: PTI

  • RBI`s 4% inflation target doable but hard to keep: Credit Suisse

    RBI's 4% inflation target doable but hard to keep: Credit Suisse   

    Credit Suisse expects the Reserve Bank to cut rates by 25 basis points in December. However, the central bank's inflation target 4 percent looks difficult on a sustainable basis, says Asia Economist Deepali Bhargava.

    23 Sep 2016, 9.43 am  |  Source: CNBC-TV18

  • Finance Ministry issues instructions for Budget 2017-18

    Finance Ministry issues instructions for Budget 2017-18  

    The instructions were issued following the Cabinet decision to merge rail and general Budgets, do away with distinction between plan and non-plan expenditure, and advance date of Budget presentation with a view to complete the ent...

    23 Sep 2016, 9.36 am  |  Source: PTI

  • Include new-age payment forms as `money` in GST, says IMC

    Include new-age payment forms as 'money' in GST, says IMC  

    Even as 'goods' and 'services' have been defined in GST, money is excluded from the definition of both 'goods' and 'services'. Certain 'pre-paid payment instruments' like mobile, digital and virtual money are not 'money' as define...

    23 Sep 2016, 9.36 am  |  Source: PTI

  • Economy expanding at the rate of 7% but growth is jobless: Min

    Economy expanding at the rate of 7% but growth is jobless: Min  

    Chowdary, a member of NDA ally TDP, and Minister of State for Science and Technology, was also critical of the Finance Ministry and said unless money is not pumped into innovations, it would be difficult to realise the government'...

    23 Sep 2016, 9.36 am  |  Source: PTI

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