All six Monetary Policy Committee (MPC) members voted in favour of a pause in key policy rate decision announced by Reserve Bank of India on February 8.
22 Feb 2017, 6.58 pm | Source: Moneycontrol.com
Business transactions at Gujarat International Finance Tec-City (GIFT), country's first International Financial Services Centre, has crossed USD 2 billion mark and is likely to grow manifold in the near term.
22 Feb 2017, 6.18 pm | Source: PTI
In some "tough love" shown to banks by the Reserve Bank of India on Tuesday, while bankers are yet to digest the suggestions, it could well be a turning point for the public sector banks.
22 Feb 2017, 6.00 pm | Source: Moneycontrol.com
The voluntary vehicle modernisation programme (V-VMP) or the scrappage programme announced by the transport ministry can boost commercial vehicle (CV) sales by a cumulative 65 percent between fiscals 2018 and 2020, over (over sale...
22 Feb 2017, 5.46 pm | Source: PTI
Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.
22 Feb 2017, 5.46 pm | Source: PTI
The Supreme Court on Wednesday passed a slew of directions to curb the release of untreated waste in water bodies.
22 Feb 2017, 5.22 pm | Source: PTI
Biscuit manufacturers have sought 'nil' tax on low price biscuits under the proposed Goods and Services Tax (GST).
22 Feb 2017, 5.00 pm | Source: PTI
Chief Economic Adviser Arvind Subramanian, who has proposed setting up a public asset rehabilitation agency to fix the balance sheets of both struggling banks and indebted companies, said the government was in touch with the RBI o...
22 Feb 2017, 4.31 pm | Source: Reuters
The Ministry's ex-secretary Shailesh Nayak said that at a time when earthquakes happen frequently and temperatures are reaching extremes, the policy should talk more comprehensively about the ways in which it would handle natural ...
22 Feb 2017, 4.10 pm | Source: PTI
Banks in India have record stressed loans of USD 133 billion, or 12.34 percent of their total loans, as of last September, and economists say dealing with them has become imperative given the load is constraining lending and delay...
22 Feb 2017, 3.46 pm | Source: Reuters
Fake notes dispensed by a State Bank of India ATM in Delhi had a 'churan lable' instead of the Ashoka Chakra, according to a report in Hindustan Times.
22 Feb 2017, 3.45 pm | Source: Moneycontrol.com
The approval was given at the Union Cabinet meeting chaired by Prime Minister Narendra Modi, an official statement said.
22 Feb 2017, 3.44 pm | Source: PTI
"The issue of trade deficit between India and China needs to be addressed and therefore, promoting business, trade and investment is necessary between the two countries," Liu Jinsong, Minister Counsellor, Embassy of China in India...
22 Feb 2017, 3.30 pm | Source: PTI
"In the aftermath of withdrawal of Rs 1,000 and Rs 500 denominations, economic activity has been interrupted in the segments which are cash intensive," Governor S C Jamir said while addressing the state Assembly on the opening day...
22 Feb 2017, 3.24 pm | Source: PTI
Speaking to CNBC-TV18, Power Minister Piyush Goyal said the central support had been doubled to Rs 8,000 crore based on the successful bidding for the Rewa solar park where they discovered a price of 2.90 per unit of solar energy.
22 Feb 2017, 3.22 pm | Source: CNBC-TV18
"The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, today approved the enhancement of capacity from 20,000 MW to 40,000 MW of the Scheme for Development of Solar Parks and Ultra Mega Solar Powe...
22 Feb 2017, 2.56 pm | Source: PTI
The official also said that these verifications are being sought to be done online and any person of up to 70 years of age, who has deposited more than Rs 2.5 lakh in cash, has to go to I-T department website and explain the sourc...
22 Feb 2017, 2.36 pm | Source: PTI
In a series of tweets, Economic Affairs Secretary Shaktikanta Das said the focus is on increasing production and supply of Rs 500 and lower denomination currencies, while complaints of cash shortage are being looked into.
22 Feb 2017, 2.12 pm | Source: PTI
Chief Minister Edappadi K Palaniswami announced constituting a five-member panel headed by Additional Chief Secretary, Finance, K Shanmugam for this purpose.
22 Feb 2017, 1.54 pm | Source: PTI
The decision to approve the Arun-III project was taken at a meeting of the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi here today.
22 Feb 2017, 1.50 pm | Source: PTI
Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
22 Feb 2017, 11.58 am | Source: PTI
Paswan said there would be a bumper wheat production this year and the government has set a procurement target at 33 million tonnes for the 2017-18 marketing year, starting April.
22 Feb 2017, 8.58 am | Source: PTI
Stating that timely resolution of NPAs is of essence if we were to restore corporate investment and create jobs, Acharya asked bankers to take NPA resolution "with a certain sense of urgency."
22 Feb 2017, 7.52 am | Source: PTI
Speaking to CNBC-TV18, Amitabh Kant, CEO of NITI Aayog, said the government was also pushing for an Aadhaar app and a reduction in the Merchant Discount Rate.
21 Feb 2017, 9.57 pm | Source: CNBC-TV18
The new deputy chairman of Reserve Bank Viral Acharya today cautioned about the increasing stressed assets and said if some resolution does not happen, it could “lead to a lost decade”.
21 Feb 2017, 8.54 pm | Source: Moneycontrol.com
Inter-ministerial body FIPB today approved 15 investment proposals, including that of Apollo Hospitals, Hindustan Aeronautics, Dr Reddy's and Vodafone, envisaging foreign investment of Rs 12,200 crore.
21 Feb 2017, 8.08 pm | Source: PTI
The government is working to reduce Merchant Discount Rate (MDR) charges to encourage digital payments, Niti Aayog CEO Amitabh Kant said today.
21 Feb 2017, 5.36 pm | Source: PTI
If the Good & Services Tax (GST) Bill is introduced without exhaustive planning, it could turn into a disaster, warns Manish Sisodia, Deputy CM of Delhi and a member of the GST Council.
21 Feb 2017, 5.14 pm | Source: CNBC-TV18
Funds amounting to Rs 400 billion will be raised by the infrastructure sector through mergers and acquisitions as well as InvITs, this year, contributing to about 12 percent of the total equity requirement in this industry, says a...
21 Feb 2017, 5.00 pm | Source: PTI
The passenger vehicle finance market in India is expected to grow 2.1 times to touch a size of Rs 1,63,600 crore by 2019-20, according to a report by global consultancy firm E&Y.
21 Feb 2017, 4.58 pm | Source: PTI