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Economy

  • `India expected to be self-sufficient in silk prod in 3-4 years`

    'India expected to be self-sufficient in silk prod in 3-4 years'  

    China produces 80 percent of global silk output, while India's share is 13 percent, he said.

    21 Feb 2017, 12.12 pm  |  Source: PTI

  • India, Rwanda sign three agreements

    India, Rwanda sign three agreements  

    According to the Memorandum of Understandings signed between Rwanda and India, Rwanda Air will soon begin services to India, and the two countries will mutually exempt visa requirements for diplomatic and official passport holders...

    21 Feb 2017, 10.52 am  |  Source: PTI

  • Insurance claims can still be rejected after 3 years for fraud

    Insurance claims can still be rejected after 3 years for fraud  

    After several rounds of discussion with the regulator where life insurers opposed this move, they have to come to an understanding that fraudulent claims will not be passed

    21 Feb 2017, 10.28 am  |  Source: Moneycontrol.com

  • India keen on rail link connecting Kathmandu to Delhi, Kolkata

    India keen on rail link connecting Kathmandu to Delhi, Kolkata  

    Noting that infrastructure was a prerequisite for attaining higher economic growth, Prabhu called the Nepal government and private sector to ramp up investment in construction of physical infrastructure.

    21 Feb 2017, 8.30 am  |  Source: PTI

  • Ramdev says Rs 2,000 note should be withdrawn in future

    Ramdev says Rs 2,000 note should be withdrawn in future  

    "High denomination currency never augurs well for any country, which is why the Prime Minister has stressed the digital transactions. The government should reconsider it (Rs 2,000 note) in future," Ramdev said here.

    21 Feb 2017, 8.30 am  |  Source: PTI

  • `Govt may cross Rs 45,500 cr divestment target this fiscal`

    'Govt may cross Rs 45,500 cr divestment target this fiscal'  

    "The response to recent disinvestment offers has been very good. It seems the disinvestment target for the current fiscal may be exceeded," one of the officials said.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Telangana Govt signs MoU with NABARD for Rs 874 crore loan

    Telangana Govt signs MoU with NABARD for Rs 874 crore loan  

    A Government release quoted Agriculture Secretary Parthasarathi as saying agriculture in the state is rain-fed and about 42.82 lakh acres depend on borewells for irrigation.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Further consolidation in PSU banks after improvement in NPA

    Further consolidation in PSU banks after improvement in NPA  

    The government may not like to go in for further consolidation in public sector banks till the NPA situation improves, sources said.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Centre okays building of over 90,000 houses under PMAY (Urban)

    Centre okays building of over 90,000 houses under PMAY (Urban)  

    "The Ministry of Housing and Urban Poverty Alleviation approved construction of 90,095 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs 5,590 crore and central ...

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Adopt tech and be agile, else become history: Mundra to banks

    Adopt tech and be agile, else become history: Mundra to banks  

    "The age of fintechs is here and for the incumbent banks there is no time to lose. Banks that do not quickly convert in to a new-age digital banks run the risk of becoming history," Mundra said here while addressing the NAMCABS Se...

    21 Feb 2017, 7.40 am  |  Source: PTI

  • 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

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