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Economy

  • GVA growth to decline by 70 bps to 6.2% in Q3: Icra

    GVA growth to decline by 70 bps to 6.2% in Q3: Icra  

    Thanks to the note ban, the economy based on the gross value added (GVA) is set to slip to 6.2 percent in the December quarter from 6.9 percent a year ago, and GDP growth will decline to 6.5 percent from 7.2 percent, said domestic...

    20 Feb 2017, 8.56 pm  |  Source: PTI

  • Nation`s problem with coal sector continues: Bridge to India

    Nation's problem with coal sector continues: Bridge to India  

    In January 2017, India’s coal imports declined by 22 percent to 14 million tonnes because of lukewarm demand from power generating stations.

    20 Feb 2017, 8.31 pm  |  Source: Moneycontrol.com

  • Indian consumers most confident globally in Q4 2016: Nielsen

    Indian consumers most confident globally in Q4 2016: Nielsen  

    Indians continue to be most confident globally when it came to job prospects, personal finances and immediate spending intentions in the fourth quarter of 2016, according to Nielsen.

    20 Feb 2017, 6.48 pm  |  Source: PTI

  • Cotton output for 2016-17 expected at 341 lakh bales

    Cotton output for 2016-17 expected at 341 lakh bales  

    The cotton output is estimated at 341 lakh bales for 2016-17, an industry association said in its January projection.

    20 Feb 2017, 6.36 pm  |  Source: PTI

  • PM nod mandatory for terminating services of sr staff in CPSEs

    PM nod mandatory for terminating services of sr staff in CPSEs  

    All departments will have to mandatorily take permission of the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi before terminating services of senior officials in Central Public Sector Enterprises (CPSEs).

    20 Feb 2017, 6.02 pm  |  Source: PTI

  • Steel demand likely to improve in coming months: Minister

    Steel demand likely to improve in coming months: Minister  

    Steel demand is expected to improve in coming months on the back of increased spending on infrastructure and long-term government policies, Steel Minister Chaudhary Birender Singh has said.

    20 Feb 2017, 6.02 pm  |  Source: PTI

  • Indian Consumer Confidence up 3 pts to 136 in Q4 2016: Nielsen

    Indian Consumer Confidence up 3 pts to 136 in Q4 2016: Nielsen  

    The Consumer Confidence Index score for India in Q4 2016 has climbed three points to 136 from 133 in the previous quarter. India continues to lead the global index, and is followed by Philippines 132.

    20 Feb 2017, 5.51 pm  |  Source: Moneycontrol.com

  • Growth slowdown spilling over into January-March quarter: Nomura

    Growth slowdown spilling over into January-March quarter: Nomura  

    The slowdown that started in the October-December quarter of 2016, post the demonetisation is spilling over into the first quarter of 2017 (January-March).

    20 Feb 2017, 3.38 pm  |  Source: PTI

  • BharatQR launch: Govt keen to on-board 50 banks, 1 mn merchants

    BharatQR launch: Govt keen to on-board 50 banks, 1 mn merchants  

    Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform....

    20 Feb 2017, 3.23 pm  |  Source: Moneycontrol.com

  • Gemfields says India`s demonetisation drive to hurt FY results

    Gemfields says India's demonetisation drive to hurt FY results  

    The company, which mines for emeralds and amethysts in Zambia and for ruby and corundum in Mozambique, reported a loss of USD4.3 million for the half year ended December 31. Revenue fell 45.7 percent to 51 million pounds.

    20 Feb 2017, 2.59 pm  |  Source: Reuters

  • Licensing for payment sector can`t be tick-box exercise:R Gandhi

    Licensing for payment sector can't be tick-box exercise:R Gandhi  

    "There is an implied suggestion that this (payment) sector needs to be freed of licensing mechanism and once a set of criteria are fixed, any number of entities meeting those criteria should be allowed to function. We differ from ...

    20 Feb 2017, 2.46 pm  |  Source: PTI

  • United India, Oriental Insurance may get CMD posts filled soon

    United India, Oriental Insurance may get CMD posts filled soon  

    The government is looking to quickly fill up top-level positions lying vacant at two of its public sector insurance firms -- United India Insurance and Oriental Insurance. These chairs of Chairman and Managing Directors have remai...

    20 Feb 2017, 2.09 pm  |  Source: Moneycontrol.com

  • RBI increases weekly cash withdrawal limit to Rs 50,000

    RBI increases weekly cash withdrawal limit to Rs 50,000  

    Earlier, the RBI had decided to remove the limits on cash withdrawals in two phases, keeping with the pace of remonetisation.

    20 Feb 2017, 1.30 pm  |  Source: NEWS18.com

  • ASEAN can utilise India`s telecom expertise: Manoj Sinha

    ASEAN can utilise India's telecom expertise: Manoj Sinha  

    The minister further pointed out that as announced earlier, India is also willing to provide long term financing to Association of South East Asian Nations (ASEAN) members for buying Indian products and services.

    20 Feb 2017, 1.14 pm  |  Source: PTI

  • EU asks India to extend by 6 months trade pact with EU nations

    EU asks India to extend by 6 months trade pact with EU nations  

    A high-level European Parliament delegation, here to gauge India's views about the Trump administration and discuss various key issues concerning India-EU ties, also expressed concern over situation in Jammu and Kashmir and called...

    20 Feb 2017, 12.10 pm  |  Source: PTI

  • Onion farmers get another train to transport bumper crop

    Onion farmers get another train to transport bumper crop  

    The new rake will further enhance the carrying capacity of onions by 30 percent and will be in addition to the existing three freight trains operated by Central Railways to carry the bulbs from Nashik.

    20 Feb 2017, 11.26 am  |  Source: PTI

  • Finance Ministry kickstarts listing process of 3 Rail PSUs

    Finance Ministry kickstarts listing process of 3 Rail PSUs  

    The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.

    20 Feb 2017, 10.54 am  |  Source: PTI

  • WB govt aims to procure 52 lakh MT of paddy by September

    WB govt aims to procure 52 lakh MT of paddy by September  

    Earlier farmers were able to sell 90 quintal of paddy in a year but as per the new decision there will be no limit on the sale of paddy by farmers, the official said.

    20 Feb 2017, 10.02 am  |  Source: PTI

  • `Steel product consumption likely to remain higher in 2017-18`

    'Steel product consumption likely to remain higher in 2017-18'  

    This will be backed by an expected revival in consumption. An increase in infrastructure allocation by the government in the Union Budget 2017-18 is expected to drive the pace of construction and infrastructure in the country, Car...

    20 Feb 2017, 8.58 am  |  Source: PTI

  • Gold imports shrink 32.7% to $19.74 bn in April-January

    Gold imports shrink 32.7% to $19.74 bn in April-January  

    Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29.31 billion.

    20 Feb 2017, 8.32 am  |  Source: PTI

  • Under PM Modi govt focus is on providing job skills: Minister

    Under PM Modi govt focus is on providing job skills: Minister  

    "This is for the first time that (with) Prime Minister's focus on providing job skills...there is a discussion now in the country that skilling is more important than education," Rudy said.

    20 Feb 2017, 8.30 am  |  Source: PTI

  • India commits $340 million soft loans to Nepal

    India commits $340 million soft loans to Nepal  

    Railways Minister Suresh Prabhu, who arrived here yesterday to attend the 'Nepal Infrastructure Summit 2017', signed a letter of exchange with Nepalese Minister for Physical Infrastructure and Planning Ramesh Lekhak in which India...

    20 Feb 2017, 7.52 am  |  Source: PTI

  • Innovation real way to achieve country`s prosperity: Javadekar

    Innovation real way to achieve country's prosperity: Javadekar  

    "Innovation is the real way of achieving the nation's prosperity and we can achieve it by allowing creativity and allowing young minds to experiment and letting their crazy ideas come out," the minister said.

    20 Feb 2017, 7.50 am  |  Source: PTI

  • Natural gas price likely to be hiked by 8%

    Natural gas price likely to be hiked by 8%  

    Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including US Henry Hub.

    19 Feb 2017, 12.26 pm  |  Source: PTI

  • Farmer suicides: Loans help widows become entrepreneurs

    Farmer suicides: Loans help widows become entrepreneurs  

    Vibhatai Bhilkar, a widow of one of the thousands of farmers who committed suicide in Wardha district of Maharashtra has successfully set up her grocer shop after a year of her husband’s death.

    19 Feb 2017, 12.19 pm  |  Source: Moneycontrol.com

  • Road to GST: Public will benefit from anti-profiteering clause, say experts

    Road to GST: Public will benefit from anti-profiteering clause, say experts   

    MS Mani, Senior Director, Deloitte, said the clause will also help curb inflationary pressures on the economy when GST is implemented.

    18 Feb 2017, 6.09 pm  |  Source: CNBC-TV18

  • Road to GST: Council clears draft law for compensating states` loss

    Road to GST: Council clears draft law for compensating states' loss  

    Finance Minister Arun Jaitley-led GST Council met on Saturday and approved the Draft Compensation Bill, in a bid to speed up the rollout of Goods and Services Tax by July 1, 2017. Crucial draft laws pertaining largely to Central G...

    18 Feb 2017, 5.15 pm  |  Source: Moneycontrol.com

  • Bank GNPAs may rise to 16-17% of loans in 1-2 yrs: Credit Suisse

    Bank GNPAs may rise to 16-17% of loans in 1-2 yrs: Credit Suisse   

    At the end of Q3, a whopping 41 percent of corporate debt is with companies whose earnings are less than their interest outgo. Credit Suisse's MD and Head of Research Ashish Gupta shares his detailed analysis with CNBC-TV18's Lath...

    18 Feb 2017, 3.00 pm  |  Source: CNBC-TV18

  • Trade unions lost the plot by not focusing on young workforce

    Trade unions lost the plot by not focusing on young workforce  

    The clout enjoyed by trade unions, which could once influence management decisions for workers and also successfully create roadblocks if demands were not met, is slowly reducing.

    18 Feb 2017, 1.11 pm  |  Source: Moneycontrol.com

  • States` market borrowing to rise 22% to 4.5 tn in FY18

    States' market borrowing to rise 22% to 4.5 tn in FY18  

    The rise in the borrowings of state governments would exert upward pressure on state development loan (SDL) yields in the financial year 2017-18, Roy said.

    18 Feb 2017, 12.54 pm  |  Source: PTI

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