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Economy

  • CCEA clears Rs 2,256 cr project for CBEC`s GST integration

    CCEA clears Rs 2,256 cr project for CBEC's GST integration  

    The implementation strategy for the project will be to ensure readiness of CBEC's IT framework by April, 1, 2017, when GST is to be introduced, an official statement read.

    28 Sep 2016, 3.38 pm  |  Source: PTI

  • `GDP to bank credit growth link weakening due to alternatives`

    'GDP to bank credit growth link weakening due to alternatives'  

    The total credit dispensed by the non-bank entities has increased to 37.40 percent in these two years, which is twice the pace of the 19.22 percent growth reported by banks, he said.

    28 Sep 2016, 3.30 pm  |  Source: PTI

  • World Bank unanimously reappoints President Jim Yong Kim

    World Bank unanimously reappoints President Jim Yong Kim  

    The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced today.

    28 Sep 2016, 7.22 am  |  Source: PTI

  • Modi not to attend SAARC Summit

    Modi not to attend SAARC Summit   

    Prime Minister Narendra Modi will not attend the SAARC Summit in Islamabad in November amidst heightened tension between India and Pakistan.

    27 Sep 2016, 9.52 pm  |  Source: PTI

  • Reasonably possible to meet Apr deadline for GST: Jaitley

    Reasonably possible to meet Apr deadline for GST: Jaitley   

    Lauding the progress achieved so far on GST implementation, Finance Minister Arun Jaitley today exuded confidence that it is "reasonably possible" to meet the April 1 deadline to roll out the new indirect tax regime.

    27 Sep 2016, 8.56 pm  |  Source: PTI

  • Corporate bonds: Gandhi cautions against ignoring bank funding

    Corporate bonds: Gandhi cautions against ignoring bank funding  

    Even as the government and the Reserve Bank are working in concert to deepen the corporate bond markets, deputy governor R Gandhi today said we must be "realistic" in our goals and not squeeze out the bank financing in the process...

    27 Sep 2016, 6.10 pm  |  Source: PTI

  • Centre to utilise waterways to transport logistics: Gadkari

    Centre to utilise waterways to transport logistics: Gadkari  

    Gadkari said this hailing the arrival of car carrier ship MV Dresdan with 500 cars at Coachin Port.

    27 Sep 2016, 6.04 pm  |  Source: PTI

  • ISA urges govt to extend MIP on steel by 6 months

    ISA urges govt to extend MIP on steel by 6 months  

    ISA has requested the government to favourably consider continuation of the MIP regime pertaining to imports pf 66 HS codes of iron and steel, it said in a statement.

    27 Sep 2016, 6.00 pm  |  Source: PTI

  • NGT notice to MoEF on decentralisation of EC for sand mining

    NGT notice to MoEF on decentralisation of EC for sand mining  

    Taking note of the plea, a bench headed by Justice Jawad Rahim issued notice to the Environment Ministry seeking its reply within two weeks. The matter was listed for next hearing on November 2.

    27 Sep 2016, 6.00 pm  |  Source: PTI

  • Monthly returns to be mandatory under GST

    Monthly returns to be mandatory under GST  

    As regards the refunds, the rules specified the procedure for claiming refund of any tax, interest, penalty, fees or any other amount under GST.

    27 Sep 2016, 4.56 pm  |  Source: PTI

  • CoalMin to go `totally digital` from Nov 1: Swarup

    CoalMin to go 'totally digital' from Nov 1: Swarup  

    Among other ministries, the HRD Ministry had also said it is working to ensure that degrees and certificates are given to students in digital format from the 2017 academic session onwards.

    27 Sep 2016, 4.56 pm  |  Source: PTI

  • Puducherry government to waive crop loans of farmers

    Puducherry government to waive crop loans of farmers  

    Talking to reporters here today, Chief Minister V Narayanasamy said the cabinet had approved the proposal of the Cooperative Department to write off crop loans totalling Rs 20 crores due from farmers to the primary agricultural co...

    27 Sep 2016, 2.14 pm  |  Source: PTI

  • ADB sticks to Asia growth forecasts on China, India strength

    ADB sticks to Asia growth forecasts on China, India strength  

    The Manila-based lender increased its growth forecast this year for China to 6.6 percent from 6.5 percent and for 2017 to 6.4 percent from 6.3 percent, citing fiscal and monetary stimulus measures in the world's second-largest eco...

    27 Sep 2016, 11.07 am  |  Source: Reuters

  • Tripura Assembly ratifies GST Bill

    Tripura Assembly ratifies GST Bill  

    State Finance Minister Bhanulal Saha moved a resolution to ratify the Constitution (122 Amendment) Bill, 2014, which was passed without any opposition.

    27 Sep 2016, 9.42 am  |  Source: PTI

  • `Odisha takes Rs 2200 crore loan from open market this year`

    'Odisha takes Rs 2200 crore loan from open market this year'  

    The Finance Minister in a written reply said as per CAG's preliminary report, the loan burden on the state by end of August this year was Rs 54,006.20 crore.

    27 Sep 2016, 7.42 am  |  Source: PTI

  • Railway Minister inaugurates six projects via video-conferencing

    Railway Minister inaugurates six projects via video-conferencing  

    He said the ministry has chalked out a comprehensive plan for developing Railways through Public-Private Partnership (PPP) and Joint Ventures with the state governments.

    27 Sep 2016, 7.42 am  |  Source: PTI

  • GST Council to finalise registration, other rules on Sep 30

    GST Council to finalise registration, other rules on Sep 30  

    Moving on fast track to meet the April 2017 GST rollout deadline, the tax department today came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

    26 Sep 2016, 9.48 pm  |  Source: PTI

  • Govt clears 11 FDI proposals worth Rs 2,325 cr

    Govt clears 11 FDI proposals worth Rs 2,325 cr  

    An inter-ministerial panel today approved 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore.

    26 Sep 2016, 7.08 pm  |  Source: PTI

  • Banks Board Bureau recommends 9 names for PSB exec dir post

    Banks Board Bureau recommends 9 names for PSB exec dir post  

    The Banks Board Bureau (BBB) today recommended nine candidates for the post of Executive Directors in various public sector banks.

    26 Sep 2016, 7.08 pm  |  Source: PTI

  • KPMG-Ficci tie up for GST awareness

    KPMG-Ficci tie up for GST awareness  

    Tax consultancy firm KPMG today said it has tied up with industry chamber Ficci for an awareness campaign on GST to highlight benefits and challenges of the new indirect tax regime.

    26 Sep 2016, 6.10 pm  |  Source: PTI

  • India`s petro consumption to grow 6% next fiscal: Moody`s

    India's petro consumption to grow 6% next fiscal: Moody's  

    India's petroleum consumption will grow at 6 percent in 2017-18, double the rate at which fuel demand in China is projected to grow, Moody's Investors Service said today.

    26 Sep 2016, 5.10 pm  |  Source: PTI

  • Maharashtra to get Rs 2,000 cr for forest conservation

    Maharashtra to get Rs 2,000 cr for forest conservation  

    To increase the green cover in the state, the Forest department is keen on reviving eco-battalion concept for large scale tree plantation, Mungantiwar told PTI.

    26 Sep 2016, 3.42 pm  |  Source: PTI

  • India printer mkt edges lower 4.7% in June qtr on weak demand

    India printer mkt edges lower 4.7% in June qtr on weak demand  

    However, consumer sentiment was good and going forward, this segment is expected to pick up in coming quarters, with festive mood in India gathering traction, IDC said in a report.

    26 Sep 2016, 3.32 pm  |  Source: PTI

  • India likely to import 2 MT wheat to boost supplies

    India likely to import 2 MT wheat to boost supplies  

    "Imports will increase in the coming months and reduce pressure on the domestic availability," Food Ministry Joint Secretary Prashant Dwivedi told PTI on the sidelines of an AGM of Roller Flour Millers Federation of India (RFMFI) ...

    26 Sep 2016, 3.32 pm  |  Source: PTI

  • FM Jaitley to address seminar on corporate bond market on Sep 27

    FM Jaitley to address seminar on corporate bond market on Sep 27  

    Jaitley will deliver the valedictory address at the one day BRICS Seminar on 'Challenges in Developing the Bond market in BRICS' in Mumbai tomorrow, a finance ministry statement said.

    26 Sep 2016, 1.54 pm  |  Source: PTI

  • Scientific solution needed to increase crop yield: PM Modi

    Scientific solution needed to increase crop yield: PM Modi  

    The Prime Minister said the 21st century is a technology driven century and India's requirements can be met through a scientific solution.

    26 Sep 2016, 1.28 pm  |  Source: PTI

  • Tobacco body wants to air views at WHO meet, writes to PM

    Tobacco body wants to air views at WHO meet, writes to PM  

    "NGOs, under the influence of multinational companies from western countries and promoting the interests of supermarkets and mega markets, have been influencing WHO to adopt resolutions at conferences, which will affect the liveli...

    26 Sep 2016, 1.24 pm  |  Source: PTI

  • SGX aims to host global Masala bonds

    SGX aims to host global Masala bonds  

    "SGX is currently Asia's Masala bond hub, and we have ambitions to be the home for Masala bonds globally. This will build on our current position as the leading exchange in Asia for debt listings from Indian issuers outside their ...

    26 Sep 2016, 12.24 pm  |  Source: PTI

  • Demand for coal to be robust; imports to reduce: Anil Swarup

    Demand for coal to be robust; imports to reduce: Anil Swarup   

    Anil Swarup, Secretary at Ministry of Coal is very confident of uptick in coal demand going forward because the per capital power consumption in the country is much below that of China.

    26 Sep 2016, 12.00 pm  |  Source: CNBC-TV18

  • Jharkhand CM Raghubar Das in US to attract investments

    Jharkhand CM Raghubar Das in US to attract investments  

    During his nearly a week-long trip, the Chief Minister will kick off his official schedule from tomorrow by attending the Mining Expo near Bellagio in Las Vegas, which is said to be the largest mining show in the world.

    26 Sep 2016, 11.08 am  |  Source: PTI

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