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moneycontrol.com

Economy

  • Expect June deficit to come down to 10-12%, says Met Dept

    Expect June deficit to come down to 10-12%, says Met Dept   

    There are chances that Jharkhand and Chhattisgarh can get more rains and catchment areas of the Western Ghats may get rains in next 2-3 days, says, Bishwajit Mukhopadhyay, Additional Director General of Meteorological Department. ...

    28 Jun 2016, 5.01 pm  |  Source: CNBC-TV18

  • Merging state banks is easier said than done: Moody`s report

    Merging state banks is easier said than done: Moody's report  

    SBI consolidation is going to bring down the number of PSU banks from 27 to 21. The government aims to bring this number down to below 10. But the task of consolidation is not easier, finds a Moody's report.

    28 Jun 2016, 4.52 pm  |  Source: Moneycontrol.com

  • Black money scheme can be a success on govt push: Taxsutra

    Black money scheme can be a success on govt push: Taxsutra   

    The new clarifications show the government’s seriousness about bringing black money back and this boosts the chances of the scheme's success, Arun Anandagiri of Taxsutra.com told CNBC-TV18.

    28 Jun 2016, 4.41 pm  |  Source: CNBC-TV18

  • Govt enhances financial powers of ministers, departments

    Govt enhances financial powers of ministers, departments  

    Besides, projects or schemes worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister and projects over Rs 1,000 crore would require the Cabinet approval, the Finance Ministry said in a statemen...

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • India poised for big leap; growth to touch 8%: Das

    India poised for big leap; growth to touch 8%: Das  

    "India today is poised for a big leap in terms of growth. Last year we recorded a growth of 7.6 percent. This year with the monsoon, which I hope will be normal, I think we are looking at touching 8 per cent," Das said at a CNBC T...

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • Wholesale price index will see positive growth in FY17: CMIE

    Wholesale price index will see positive growth in FY17: CMIE   

    The WPI will get into the "moderately positive" zone in the next fiscal, says Vyas. But this growth should reflect in the topline of corporates in the current fiscal.

    28 Jun 2016, 12.37 pm  |  Source: CNBC-TV18

  • Bank consolidation risks may outweigh benefits: Moody`s

    Bank consolidation risks may outweigh benefits: Moody's  

    Moody's said India's banking system has witnessed an increase in non-performing assets (NPAs) since 2012, with many public sector banks (PSBs) having suffered significant deterioration in balancesheets as demonstrated by their ass...

    28 Jun 2016, 12.34 pm  |  Source: PTI

  • Let`s take a sabbatical from IIP numbers: Rathin Roy

    Let's take a sabbatical from IIP numbers: Rathin Roy   

    There needs to be recognition that Index of Industrial Production numbers are talking about how a real economy is behaving. They are not an indication of inflationary expectations, says Rathin Roy, Director of National Institute o...

    28 Jun 2016, 11.51 am  |  Source: Moneycontrol.com

  • Government taking care to see there are more inflows: DIPP

    Government taking care to see there are more inflows: DIPP   

    India needs huge investments both through foreign and domestic investments, says Ramesh Abhishek, the Secretary of DIPP, in an interview to CNBC-TV18.

    28 Jun 2016, 11.28 am  |  Source: CNBC-TV18

  • Morgan Stanley raises chances of a global recession up to 40%

    Morgan Stanley raises chances of a global recession up to 40%  

    The brokerage house sees the negative impact of political uncertainty on risk assets and demand growth beginning to play out.

    28 Jun 2016, 8.08 am  |  Source: Moneycontrol.com

  • India has shown sustained commitment to non-proliferation: US

    India has shown sustained commitment to non-proliferation: US  

    India becoming a member of the Missile Technology Control Regime (MTCR) would strengthen international non-proliferation, the US said today asserting that New Delhi has demonstrated a "sustained commitment to non-proliferation".

    28 Jun 2016, 7.32 am  |  Source: PTI

  • S&P, Fitch downgrade UK credit rating after Brexit

    S&P, Fitch downgrade UK credit rating after Brexit  

    The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote last week.

    28 Jun 2016, 7.32 am  |  Source: PTI

  • Sujoy Bose appointed CEO of NIIF

    Sujoy Bose appointed CEO of NIIF  

    Senior IFC official Sujoy Bose was today appointed CEO of India's maiden Rs 40,000 crore sovereign wealth fund NIIF.

    27 Jun 2016, 9.58 pm  |  Source: PTI

  • Black money window: CBDT issues fresh FAQs; PAN mandatory

    Black money window: CBDT issues fresh FAQs; PAN mandatory   

    CBDT today issued a set of fresh FAQs to clarify doubts about the processes of the one-time black money window as it stated that furnishing PAN number will be mandatory for the declarant while cases of non-filing of ITRs will ...

    27 Jun 2016, 9.14 pm  |  Source: PTI

  • Have earned Rs 11,000cr in taxes from erstwhile non payers: CBDT

    Have earned Rs 11,000cr in taxes from erstwhile non payers: CBDT   

    The benami amendment bill will be introduced in the monsoon session and warned that there will be more stringent measures to control the menace of tax evasion, says Rani Nair, member of the central board of direct taxes, in an int...

    27 Jun 2016, 7.54 pm  |  Source: CNBC-TV18

  • Brexit unlikely to impact Indian auto component exports: ICRA

    Brexit unlikely to impact Indian auto component exports: ICRA  

    Britain's exit from the European Union is unlikely to have a major impact on Indian auto component exports to the region, ICRA said on June 27

    27 Jun 2016, 6.02 pm  |  Source: PTI

  • Monetary policy committee is constituted, say sources

    Monetary policy committee is constituted, say sources   

    The constituted committee will have six members -- the RBI governor, Urjit Patel and another RBI official along with three government officials, reports Ritu Singh of CNBC-TV18 quoting sources.

    27 Jun 2016, 5.49 pm  |  Source: CNBC-TV18

  • Brexit to impact some sectors, unlikely to hit growth: Crisil

    Brexit to impact some sectors, unlikely to hit growth: Crisil  

    Brexit is unlikely to have a notable impact on India's GDP growth this fiscal, even though it will impact sectors like auto and information technology, domestic rating agency Crisil said on June 27

    27 Jun 2016, 5.24 pm  |  Source: PTI

  • Govt weighs options to further ease repayments of steel sector

    Govt weighs options to further ease repayments of steel sector  

    The government is considering whether to ease the repayment mechanism further for cash-starved steel companies which are facing the crunch due to persistent slowdown

    27 Jun 2016, 4.54 pm  |  Source: PTI

  • Tyre import up in Apr-May, ATMA calls for anti-dumping duty

    Tyre import up in Apr-May, ATMA calls for anti-dumping duty  

    Truck and bus radial tyres (TBR) import surged 57 percent while that of radial car tyres by 20 percent in the first two months of 2016-17 fiscal, prompting industry body ATMA to ask the government to impose anti-dumping duty on im...

    27 Jun 2016, 4.16 pm  |  Source: PTI

  • Govt pursuing black money very aggressively: Sinha

    Govt pursuing black money very aggressively: Sinha  

    Minister of State for Finance Jayant Sinha on June 27 said more "sources of black money" will come to light as India is pursuing such cases very aggressively in many areas including the Panama papers

    27 Jun 2016, 4.16 pm  |  Source: PTI

  • Potential successors to RBI chief Raghuram Rajan

    Potential successors to RBI chief Raghuram Rajan  

    The four short-listed candidates are: Reserve Bank of India Deputy Governor Urjit Patel, former deputy governors Rakesh Mohan and Subir Gokarn and State Bank of India Chair Arundhati Bhattacharya.

    27 Jun 2016, 4.00 pm  |  Source: Reuters

  • Steps announced for exports to yield fruits: Commerce Secy

    Steps announced for exports to yield fruits: Commerce Secy  

    Exports fell for the 18th month in a row in May by 0.79 percent, but the pace of decline has narrowed mainly on account of positive growth in key sectors like engineering and gems and jewellery.

    27 Jun 2016, 3.44 pm  |  Source: PTI

  • Pay Hike:Govt may approve 7th pay panel recommendations this Wed

    Pay Hike:Govt may approve 7th pay panel recommendations this Wed  

    The implementation of the new pay scales is estimated to put an additional burden of Rs 1.02 lakh crore on the exchequer in 2016-17. Subject to acceptance by the government, it will take effect from January 1, 2016.

    27 Jun 2016, 3.36 pm  |  Source: NEWS18.com

  • Next RBI chief faces balancing act on bank clean-up

    Next RBI chief faces balancing act on bank clean-up  

    Rajan was feted by investors for his efforts to deal with a mountain of bad debt clogging India's financial system, but his critics say an excessive focus on asset quality has scared banks out of lending and is partly to blame for...

    27 Jun 2016, 3.20 pm  |  Source: Reuters

  • TCS to be levied above Rs 2 lakh only if payment in cash: CBDT

    TCS to be levied above Rs 2 lakh only if payment in cash: CBDT  

    A fresh circular has been issued by the Board to clarify the issue with regard to applicability of the provisions to levy TCS, as announced in the Budget, where the sale consideration received is partly in cash and partly in chequ...

    27 Jun 2016, 3.08 pm  |  Source: PTI

  • Centre asks states to set up one lakh biogas plants in FY`17

    Centre asks states to set up one lakh biogas plants in FY'17  

    This will result in a saving of about 21,90,000 LPG cooking cylinders annually, besides providing bio-manure to reduce the use of chemical fertilisers. There would be a saving of about 10,000 tonnes of urea, the release said.

    27 Jun 2016, 2.58 pm  |  Source: PTI

  • Steel Min approaches Coal Min for allocation of blocks to RINL

    Steel Min approaches Coal Min for allocation of blocks to RINL  

    RINL's Vizag Steel Plant (VSP) has doubled its capacity to 6.3 million tonnes per annum (mtpa) and is in the process of raising it to 7.3 mtpa through modernisation and upgradation of its existing units. It also has a plan to incr...

    27 Jun 2016, 2.40 pm  |  Source: PTI

  • Cotton area in Punjab, Haryana shrinks 27% this year

    Cotton area in Punjab, Haryana shrinks 27% this year  

    "Sowing of cotton in Punjab and Haryana has been completed. Total area is down as farmers were scared to grow cotton fearing whitefly pest attack that had damaged the crop massively in these two states last year," a senior Agricul...

    27 Jun 2016, 2.22 pm  |  Source: PTI

  • Stick with retail lenders, like HDFC Bank, Kotak: Ask Investment

    Stick with retail lenders, like HDFC Bank, Kotak: Ask Investment   

    It is better to stick to retail lending till bad loans recognition in the corporate banking space is completed, says Prateek Agrawal, Business Head and Chief Investment Officer at Ask Investment Managers.

    27 Jun 2016, 1.30 pm  |  Source: CNBC-TV18

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