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moneycontrol.com

Economy

  • Suresh Prabhu commissions new rail line in Andhra Pradesh

    Suresh Prabhu commissions new rail line in Andhra Pradesh  

    They inaugurated the facilities through a remote video link from Vijayawada in the presence of Union I&B and Urban Development Minister M Venkaiah Naidu, state ministers, MPs and senior railway officials.

    24 Aug 2016, 11.46 am  |  Source: PTI

  • See 7.9% GDP growth; consumption to cushion capex slack:Goldman

    See 7.9% GDP growth; consumption to cushion capex slack:Goldman   

    The full year growth will be benefited by a good monsoon, recently introduced 7th Pay Commission, clearance of key reforms, favorable fiscal monetary policy and continuation of foreign direct investment (FDI) inflows, says Goldman...

    24 Aug 2016, 10.31 am  |  Source: Moneycontrol.com

  • Special session of Goa Assembly to ratify GST on August 31

    Special session of Goa Assembly to ratify GST on August 31  

    "The state cabinet has already granted its nod to the GST. We will summon one-day special session on August 31 to ratify the Bill which is already passed in Parliament," Chief Minister Laxmikant Parsekar told reporters here yester...

    24 Aug 2016, 10.04 am  |  Source: PTI

  • TN Commercial Taxes dept collects Rs 62,000cr revenue in 2015-16

    TN Commercial Taxes dept collects Rs 62,000cr revenue in 2015-16  

    Veeramani said though global crude prices had fallen over the past two years, the Centre had "increased many times" the excise duty on petroleum fuel.

    24 Aug 2016, 9.36 am  |  Source: PTI

  • Odisha targets seafood exports worth Rs 3,000 cr in FY`17

    Odisha targets seafood exports worth Rs 3,000 cr in FY'17  

    Sethi added that the state had exported seafood worth Rs 4,794.72 crore in the last three years and the products have a great demand in South-East Asia, the US, Europe and Japan.

    24 Aug 2016, 9.36 am  |  Source: PTI

  • DIPP to suggest states to frame own IPR policy

    DIPP to suggest states to frame own IPR policy  

    The ministry convened an interactive session with industry associations on the National IPR Policy.

    24 Aug 2016, 9.16 am  |  Source: PTI

  • Working to develop framework for solarising agri-pumps: Goyal

    Working to develop framework for solarising agri-pumps: Goyal  

    It has already embarked on a plan to provide energy efficient agriculture pumps to farmers and has launched National Energy Efficient Agriculture Pumps Programme in this regard.

    24 Aug 2016, 9.14 am  |  Source: PTI

  • FIPB clears seven FDI proposals worth Rs 290 cr

    FIPB clears seven FDI proposals worth Rs 290 cr  

    Tikona Digital Networks' Rs 267-crore proposal to increase foreign equity to 76.73 percent through issuance of CCDs was approved by the government.

    24 Aug 2016, 9.12 am  |  Source: PTI

  • 7 proposals for acquisition of clean tech cleared: DIPP

    7 proposals for acquisition of clean tech cleared: DIPP  

    "A total of seven proposals, under the categories of acquisition technology, clean technology in manufacturing and solid waste management, were considered and approved by the GMAC under the scheme. These efforts will foster innova...

    24 Aug 2016, 9.12 am  |  Source: PTI

  • Cabinet likely to discuss India-Fiji air service pact on Aug 24

    Cabinet likely to discuss India-Fiji air service pact on Aug 24  

    Besides, the proposal for leasing out around 4,050 square metres of land owned by AAI to set up a centre for perishable cargo at Guwahati airport is expected to be discussed, sources said.

    24 Aug 2016, 8.46 am  |  Source: PTI

  • WBSEDCL gets nod to raise power tariff by 23 paise

    WBSEDCL gets nod to raise power tariff by 23 paise  

    State Power Minister Shobhondeb Chatterjee had earlier said Chief Minister Mamata Banerjee does not want to put burden on the poor and thus there will be no impact for consumers up to 300 units in the state.

    24 Aug 2016, 7.40 am  |  Source: PTI

  • Banks yet to fully reach unorganised rural sector: President

    Banks yet to fully reach unorganised rural sector: President  

    President Pranab Mukherjee today said that despite 46 years of bank nationalisation, institutional credit is yet to reach the unorganised rural sector fully.

    23 Aug 2016, 10.34 pm  |  Source: PTI

  • Maha first state to sign RCS plan, to develop 10 small airports

    Maha first state to sign RCS plan, to develop 10 small airports  

    Maharashtra today became the first state to sign an agreement with the civil aviation ministry to develop 10 almost non-functional regional airports/airstrips helping move closer to reality the Centre's ambitious regional conn...

    23 Aug 2016, 10.34 pm  |  Source: PTI

  • Gujarat okay with any GST rate as long as losses paid: Ex-FM

    Gujarat okay with any GST rate as long as losses paid: Ex-FM   

    In an interview with CNBC-TV18, Saurabh Patel, Former Finance Minister of Gujarat, which passed the GST Bill today, talked about the tax and what will be the minimum tax rate that they state government expects.

    23 Aug 2016, 10.30 pm  |  Source: CNBC-TV18

  • Karnataka in no hurry to pass GST Bill: Minister

    Karnataka in no hurry to pass GST Bill: Minister   

    In an exclusive conversation with CNBC-TV18, Karnataka State Industries Minister RV Deshpande said even though the state government is completely in favour of GST, they are in no hurry to ratify the bill.

    23 Aug 2016, 10.02 pm  |  Source: Moneycontrol.com

  • NITI Aayog looks to make India hub for commercial arbitration

    NITI Aayog looks to make India hub for commercial arbitration  

    Government think-tank NITI Aayog will convene a three-day global conference here in October to discuss making India a hub for commercial dispute resolution through arbitration.

    23 Aug 2016, 9.44 pm  |  Source: PTI

  • Railways rationalises coal tariff

    Railways rationalises coal tariff  

    As per the new rate, coal loading would cost Rs 712 per ton for transportation upto 497 km now as against Rs 702. It will be Rs 2,138 per ton for 1,807 km transportation now as against the existing rate of Rs 2,348.

    23 Aug 2016, 6.12 pm  |  Source: PTI

  • Gujarat Assembly ratifies GST Bill

    Gujarat Assembly ratifies GST Bill  

    Passed by Parliament recently, the bill needs to be ratified by at least 15 state legislatures before the President can notify the GST Council which will decide the new tax rate and other issues.

    23 Aug 2016, 6.12 pm  |  Source: PTI

  • India`s progress incomplete without infra expansion: PM

    India's progress incomplete without infra expansion: PM  

    Modi, who chaired a meeting here yesterday to review the progress in core infrastructure sectors, said it was noted that there has been "phenomenal progress" in vital sectors such as renewable energy and railways.

    23 Aug 2016, 5.04 pm  |  Source: PTI

  • Major ports, entities to take Rs 50,000 cr loan in $: Gadkari

    Major ports, entities to take Rs 50,000 cr loan in $: Gadkari  

    Jawaharlal Nehru Port (JNPT) has entered into an agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for a loan of USD 400 Million.

    23 Aug 2016, 3.18 pm  |  Source: PTI

  • Framework for accreditation of credit counsellors on anvil: RBI

    Framework for accreditation of credit counsellors on anvil: RBI  

    "For bridging the information asymmetry on the MSME borrowers side, the RBI is initiating a process for putting in place a framework for accreditation of credit counsellors who are expected to serve as facilitators and enablers fo...

    23 Aug 2016, 3.18 pm  |  Source: PTI

  • Railways streamlines freight rates for coal movement

    Railways streamlines freight rates for coal movement   

    The Indian Railways has streamlined its freight rates on movement of coal, with slab-wise revision seen as per distance.

    23 Aug 2016, 2.47 pm  |  Source: CNBC-TV18

  • January Budget to bring more efficiency: CBDT

    January Budget to bring more efficiency: CBDT  

    As part of larger exercise of Budget overhaul, government is looking at advancing the dates of its presentation in Parliament by a month to January-end to ensure that the whole process is completed before the new financial year be...

    23 Aug 2016, 2.24 pm  |  Source: PTI

  • Centre seeks states` support to implement DBT in fertiliser

    Centre seeks states' support to implement DBT in fertiliser  

    The states were also told to complete necessary paperwork to enable the Centre to clear pending subsidy to the tune of Rs 4,000 crore to fertiliser manufacturers.

    23 Aug 2016, 2.16 pm  |  Source: PTI

  • Pace of new bad loan formation has decelerated: RBI

    Pace of new bad loan formation has decelerated: RBI  

    In a bid to shore up cash-strapped public sector banks, the government last month announced infusion of Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth that has hit a two-decade l...

    23 Aug 2016, 1.50 pm  |  Source: PTI

  • Urjit Patel as new RBI head to ensure continuity: S S Mundra

    Urjit Patel as new RBI head to ensure continuity: S S Mundra  

    "While Patel is new as a Governor, he's not new for RBI. Second thing is, in his present role as deputy governor RBI, he is incharge of monetary policy, which was already the centre-stage of inflation...interest rate-related activ...

    23 Aug 2016, 1.32 pm  |  Source: PTI

  • Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy

    Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy  

    "India Ratings and Research (Ind-Ra) has revised its gross domestic product estimate for 2016-17 upwards to 7.8 percent from its earlier forecast of 7.7 percent. The upward revision has been prompted by the progress of monsoon and...

    23 Aug 2016, 1.14 pm  |  Source: PTI

  • Illicit gold: India`s smugglers shut out refiners, banks

    Illicit gold: India's smugglers shut out refiners, banks  

    Gold importing banks and big jewellers have also been hit by the growing entry of illicit gold, which avoids import duties and makes its way on to the so-called "grey market" where it is sold to end-users at a discount.

    23 Aug 2016, 1.02 pm  |  Source: Reuters

  • India in talks with Singapore to amend DTAA provisions: CBDT

    India in talks with Singapore to amend DTAA provisions: CBDT  

    "Negotiations are under way with Singapore... It is a bilateral treaty. We have to take concerns of both the countries and then we will have to sign," Central Board of Direct Taxes (CBDT) Chairperson Rani Singh Nair told reporters...

    23 Aug 2016, 12.58 pm  |  Source: PTI

  • GSTN security clearance key to bill passage in House: Swamy

    GSTN security clearance key to bill passage in House: Swamy  

    The Goods and Services Tax Network (GSTN) is the special purpose vehicle that was formed under the previous UPA regime to set up the information technology backbone for rolling out the indirect tax regime that will replace myriad ...

    23 Aug 2016, 12.46 pm  |  Source: PTI

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