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Economy

  • 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

  • Govt notifies MPC; to decide interest rates in October 4 policy

    Govt notifies MPC; to decide interest rates in October 4 policy  

    "Monetary Policy Committee (MPC) constitution under the Reserve Bank of India Act, 1934, notified," the finance ministry said.

    30 Sep 2016, 9.56 am  |  Source: PTI

  • Odisha govt approves 2 projects worth Rs 224 crore

    Odisha govt approves 2 projects worth Rs 224 crore  

    The proposals, which got the nod of the Single Window Clearance Authority headed by Chief Secretary A P Padhi at a meeting here today, were earlier submitted by Indian Farmers Fertiliser Cooperatives (IFFCO) and Well Spun Odisha S...

    30 Sep 2016, 9.56 am  |  Source: PTI

  • Govt aims 3,000 Jan Aushadhi Kendras this fiscal

    Govt aims 3,000 Jan Aushadhi Kendras this fiscal  

    This was informed at the Consultative Committee meeting of Chemicals and Fertilizers Ministry held, an official statement said.

    30 Sep 2016, 9.54 am  |  Source: PTI

  • EPFO to invest Rs 13,000 cr in ETFs in FY17; unions protest move

    EPFO to invest Rs 13,000 cr in ETFs in FY17; unions protest move  

    The Labour Ministry raised the limit of investments by the Employees' Provident Fund Organisation (EPFO) in the Exchange Traded Funds (ETFs) in 2016-17 to 10 percent of its investible deposits from 5 percent in the last fiscal.

    30 Sep 2016, 9.54 am  |  Source: PTI

  • US, India support multi-stakeholder model of net governance

    US, India support multi-stakeholder model of net governance  

    The Group, which promotes development of the ICT sector, met here on September 27. The US and Indian government officials expressed their shared support of multi-stakeholder model for internet governance.

    30 Sep 2016, 7.44 am  |  Source: PTI

  • Will raise skill gap issue with Gujarat CM: Nasscom

    Will raise skill gap issue with Gujarat CM: Nasscom  

    "Today our discussion with chief minister is mainly going to be around skill gap. It is not that we don't have millions of youth in Gujarat, it is the question if do we have the right talent," Nasscom Chairman C P Gurnani told rep...

    30 Sep 2016, 7.44 am  |  Source: PTI

  • Odisha to spend Rs 2,628.51 crore on model school project

    Odisha to spend Rs 2,628.51 crore on model school project  

    Mishra said the Tata company would set up 30 model schools while the Odisha Mining Corporation (OMC) and JSPL would construct 25 and ten schools each respectively.

    30 Sep 2016, 7.42 am  |  Source: PTI

  • Interest rates on small savings schemes cut by 0.1%

    Interest rates on small savings schemes cut by 0.1%  

    Interest rates on small savings schemes have been reduced marginally by 0.1 per cent for the October-December quarter of 2016-17, leading to lower returns on Public Provident Fund, Kisan Vikas Patra, Sukanya Samriddhi Account, amo...

    29 Sep 2016, 9.58 pm  |  Source: PTI

  • India to grow at more than 7%: IMF

    India to grow at more than 7%: IMF  

    "In the emerging and developing countries home to 85 percent of the world's population we have seen more progress for more people than at any time in history: child mortality is down, life expectancy is up, absolute poverty has de...

    29 Sep 2016, 8.58 pm  |  Source: PTI

  • Simplify agri loans, speed up disbursals: RBI to PSBs

    Simplify agri loans, speed up disbursals: RBI to PSBs  

    Public sector banks should simplify their loan processes as well as disburse farm loans speedily as the government has set a target to double farmers' income by 2022, the Reserve Bank said today.

    29 Sep 2016, 8.14 pm  |  Source: PTI

  • Banks can`t publish defaulters` photo randomly: RBI

    Banks can't publish defaulters' photo randomly: RBI  

    RBI today said lenders can publish photographs of only those borrowers in newspapers who have been declared wilful defaulters as per the central bank's guidelines.

    29 Sep 2016, 8.14 pm  |  Source: PTI

  • GST Council to meet tomorrow to discuss rules, exemptions

    GST Council to meet tomorrow to discuss rules, exemptions  

    To be chaired by Union Finance Minister Arun Jaitley, the Council will also deliberate on a formula for payment of compensation to states for revenue loss in the aftermath of implementation of the GST.

    29 Sep 2016, 8.00 pm  |  Source: PTI

  • Govt to further import 1.70 lakh tonnes of pulses

    Govt to further import 1.70 lakh tonnes of pulses  

    MMTC is importing pulses on behalf of the government. So far, it has contracted 1.81 lakh tonnes of pulses, of which 36,000 tonnes have already arrived, as per the official data.

    29 Sep 2016, 7.26 pm  |  Source: PTI

  • Currency, stock mkts will stabilise by next week:Shaktikanta Das

    Currency, stock mkts will stabilise by next week:Shaktikanta Das   

    Economic Affairs Secretary Shaktikanta Das tells CNBC-TV18 he is confident Indian markets will stabilise in next few days as decisive actions by government should boost investor sentiment. He also shared borrowing schedule for sec...

    29 Sep 2016, 7.22 pm  |  Source: CNBC-TV18

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