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Economy

  • Black money haul: Experts credit govt with strong execution

    Black money haul: Experts credit govt with strong execution   

    In an interview with CNBC-TV18, experts talked about why the Income Disclosure Scheme, whose results were announced by Finance Minister Arun Jaitley today, was executed well and why it is important in the face of the rollout of th...

    01 Oct 2016, 8.39 pm  |  Source: CNBC-TV18

  • Rs 65,250cr black money declared under Income Disclosure Scheme

    Rs 65,250cr black money declared under Income Disclosure Scheme  

    Finance Minister Arun Jaitley told reporters that 64,275 people revealed assets under the IDS, which allowed people to legitimize concealed income by paying 45 percent tax.

    01 Oct 2016, 4.31 pm  |  Source: Moneycontrol.com

  • Spectrum auction enters 3rd round; max action in 1800 Mhz band

    Spectrum auction enters 3rd round; max action in 1800 Mhz band   

    There is no activity yet in the premium 700 Mhz band, according to industry sources. Maximum activity is taking place in 1800 MHz band, especially for the Mumbai circle, they said, adding that 10 bids have been received in the 210...

    01 Oct 2016, 3.52 pm  |  Source: PTI

  • IDS: Rs 65,250 crore declarations made, says Arun Jaitley

    IDS: Rs 65,250 crore declarations made, says Arun Jaitley   

    Jaitley said 64,275 declarations were made in the four- month window and this figure could go up once all the declarations filed online and manually are compiled.

    01 Oct 2016, 3.52 pm  |  Source: PTI

  • Arunachal inks MoU with Andhra Pradesh

    Arunachal inks MoU with Andhra Pradesh  

    The MoU was signed here between state agriculture department and Ruchi Soya Industries, to cover an area of 5,000 hectare initially in the foothill areas of West Siang, Lower Subansiri, Papumpare and East Kameng districts, an offi...

    01 Oct 2016, 3.36 pm  |  Source: PTI

  • Second round of mega spectrum auction gets under way

    Second round of mega spectrum auction gets under way  

    According to sources, the second round of bidding for airwaves is under way and all participants placed bids in the first round.

    01 Oct 2016, 1.44 pm  |  Source: PTI

  • Better targeting of kerosene subsidy is govt`s next agenda: FM

    Better targeting of kerosene subsidy is govt's next agenda: FM  

    "Kerosene in some parts of the country is used as fuel, and in many parts... is misused. There is a huge amount of diversion... So, states are making efforts to become kerosene free because of a lot of diversion taking place," he ...

    01 Oct 2016, 1.26 pm  |  Source: PTI

  • Net IPP decreased by $8.1 bn to $353.1 bn in June quarter

    Net IPP decreased by $8.1 bn to $353.1 bn in June quarter  

    "This change in the net position reflected a USD 6 billion decrease in the value of foreign-owned assets in the country vis-i-vis a USD 2.1 billion increase in the value of Indian residents financial assets abroad," RBI said in a ...

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • `India `wasting` Rs 3 lakh crore on new coal power plants`

    'India 'wasting' Rs 3 lakh crore on new coal power plants'  

    "With India's Cabinet signalling readiness to ratify the Paris Agreement on climate change, Greenpeace India is highlighting the threat posed to these commitments as well as to the economy, in particular the energy and banking sec...

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • Maha leads in converting MoUs into actual investments: Desai

    Maha leads in converting MoUs into actual investments: Desai  

    Giving details, he said during MIIW in all 2,603 MoUs were signed involving an investment of Rs 8,04,000 crore with an employment potential of 30 lakh jobs.

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • RBI proposes norms for investments in overseas startups

    RBI proposes norms for investments in overseas startups  

    The RBI said such investments do not meet the eligibility norms for making overseas direct investments under the automatic route at present.

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • GST Council agrees on 5 areas; differ over 1st meet decision

    GST Council agrees on 5 areas; differ over 1st meet decision  

    In signs of fracture, the Centre and states today disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime.

    30 Sep 2016, 8.28 pm  |  Source: PTI

  • GST Council approves draft rules; next meet on Oct 18

    GST Council approves draft rules; next meet on Oct 18   

    In its second meeting, the Goods and Services Tax (GST) Council approved five set of draft rules including those for registration, payments, returns and refunds.

    30 Sep 2016, 8.05 pm  |  Source: CNBC-TV18

  • Goyal wants local power equipment cos to help lower imports

    Goyal wants local power equipment cos to help lower imports  

    Industry needs to innovate and redesign electrical equipment that can use the abundant domestic coal which has high fly ash content so as to reduce dependence on imports, Union Power Minister Piyush Goyal said today.

    30 Sep 2016, 7.20 pm  |  Source: PTI

  • August core sector output at 3.2%; steel shines, coal lags

    August core sector output at 3.2%; steel shines, coal lags   

    Growth in the eight core sectors of the economy during August came in at 3.2 percent, unchanged from July. Steel sector posted stellar growth of 17 percent, while cement lagged with a 9 percent contraction.

    30 Sep 2016, 5.27 pm  |  Source: CNBC-TV18

  • April-Aug fiscal deficit at Rs 4.08 lk cr, 76% of FY17 estimate

    April-Aug fiscal deficit at Rs 4.08 lk cr, 76% of FY17 estimate   

    April-August fiscal deficit has come at Rs 4.08 lakh crore, 76.4 percent of the FY17 estimate. The net tax receipt has come at Rs 2.8 lakh crore while the total spending has come at Rs 8.02 lakh crore, 40.5 percent of FY17.

    30 Sep 2016, 4.51 pm  |  Source: Moneycontrol.com

  • Employment related discrepancies rise during Apr-Jun: Report

    Employment related discrepancies rise during Apr-Jun: Report  

    According to screening analytics and identity solutions provider First Advantage, in the second quarter of this year, discrepancies related to employment, address and education categories were at 61.5 percent, 10.3 percent and 5.4...

    30 Sep 2016, 4.26 pm  |  Source: PTI

  • Govt to increase rice subsidy given via DBT for next year

    Govt to increase rice subsidy given via DBT for next year  

    This was informed to Puducherry Chief Minister V Narayanasamy in a meeting here, where the state government voiced its concern about lower food subsidy given at present amid higher retail price.

    30 Sep 2016, 4.26 pm  |  Source: PTI

  • RBI shifts monetary policy timing to mid-afternoon

    RBI shifts monetary policy timing to mid-afternoon  

    "The resolution of MPC will be placed on the official website of RBI at 2.30 pm on October 4," the central bank said on its website, adding that MPC will be meeting on Monday and also Tuesday to take a call on rates.

    30 Sep 2016, 3.48 pm  |  Source: PTI

  • Govt working on rollout of GST from next April: Arun Jaitley

    Govt working on rollout of GST from next April: Arun Jaitley  

    In his opening remarks at the Fourth Meeting of the Parliamentary Consultative Committee meeting here, he said the government so far is following the road map for implementation of GST "as per the schedule".

    30 Sep 2016, 3.48 pm  |  Source: PTI

  • RBI Credit Policy: This time it’s different, not just policy rate decision

    RBI Credit Policy: This time it’s different, not just policy rate decision  

    It will be important to gauge the views of the members of monetary policy committee.

    30 Sep 2016, 3.21 pm  |  Source: Moneycontrol.com

  • RBI to defer a 25 bps rate cut to December meeting: ICRA

    RBI to defer a 25 bps rate cut to December meeting: ICRA  

    Monetary Policy Committee may choose to wait for confirmation of the dampening effects of the higher output on prices after the harvest reaches the market, before embarking on the rate cut.

    30 Sep 2016, 3.15 pm  |  Source: Moneycontrol.com

  • MPC to meet on October 3-4 to decide key interest rate

    MPC to meet on October 3-4 to decide key interest rate  

    "The MPC will meet on October 3 and 4, 2016 for the fourth bi-monthly monetary policy review for 2016-17. The resolution of the MPC will be placed on the website at 2.30 pm on October 4, 2016," the Reserve Bank said in a statement...

    30 Sep 2016, 3.00 pm  |  Source: PTI

  • New RBI chief Urjit Patel and panel face close call on rates

    New RBI chief Urjit Patel and panel face close call on rates  

    If the six-member monetary policy committee (MPC) is split over whether to hold or cut, Reserve Bank of India Governor Urjit Patel could end up exercising his casting vote.

    30 Sep 2016, 2.53 pm  |  Source: Reuters

  • Centre asks Rajasthan govt to give sops for units in food park

    Centre asks Rajasthan govt to give sops for units in food park  

    During his visit to Jaipur and Ajmer yesterday, Food Processing Secretary Avinash K Srivastava met Rajasthan Chief Secretary and briefed him about the Greentech Mega Food Park being set up at Rupangarh in Ajmer district.

    30 Sep 2016, 2.08 pm  |  Source: PTI

  • Comm Ministry not for imposing anti-dumping duty on batteries

    Comm Ministry not for imposing anti-dumping duty on batteries  

    In its final findings, the directorate general of anti-dumping and allied duties (DGAD) has recommended that imposition of the duty on the imports "is not required".

    30 Sep 2016, 2.08 pm  |  Source: PTI

  • HSBC sees inflation below RBI`s 2017 target, room for rate cut

    HSBC sees inflation below RBI's 2017 target, room for rate cut  

    According to the global financial services major, the declining trend in inflation is expected to continue as new crop streams into the market and CPI inflation could fall to under 4.5 percent in January-March 2017.

    30 Sep 2016, 1.50 pm  |  Source: PTI

  • Govt likely to announce gas price cut by 21%, say sources

    Govt likely to announce gas price cut by 21%, say sources   

    Government may also consider floor price cut-off for domestic gas prices. This will mean domestic gas prices may not fall below a certain rate despite crude volatility.

    30 Sep 2016, 11.58 am  |  Source: CNBC-TV18

  • Maha to appoint 1 cr `tree ambassadors` to conserve forests

    Maha to appoint 1 cr 'tree ambassadors' to conserve forests  

    The announcement to this effect was made by state Forest Minister Sudhir Mungantiwar after he inaugurated a 'Transit Treatment Centre' for wildlife here yesterday.

    30 Sep 2016, 11.00 am  |  Source: PTI

  • Govt starts process of appointing new RBI Deputy Governor

    Govt starts process of appointing new RBI Deputy Governor  

    The Reserve Bank has currently three Deputy Governors as against the requirement of four.

    30 Sep 2016, 10.30 am  |  Source: PTI

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