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Economy

  • Would be a gamechanger if RBI allows repos under LAF: SBI

    Would be a gamechanger if RBI allows repos under LAF: SBI   

    In an interview with CNBC-TV18, C Venkat Nageswar, Deputy MD, SBI, talked about the impact of the RBI's move to open up the corporate bond market and what this would mean for banks.

    26 Aug 2016, 11.33 am  |  Source: CNBC-TV18

  • Cong will GST support; Impact on Goa to be seen: Pratapsinh Rane

    Cong will GST support; Impact on Goa to be seen: Pratapsinh Rane  

    "Congress has supported GST bill in Parliament. We will also help passage of ratification in Goa Legislative Assembly," Rane told reporters yesterday.

    26 Aug 2016, 11.00 am  |  Source: PTI

  • Chhattisgarh, Raj farmers to exchange ideas to boost agriculture

    Chhattisgarh, Raj farmers to exchange ideas to boost agriculture  

    "The two states have different climatic conditions as well as variety in types of soil. Exchanging new ideas and best practices will help farmers of both the states to combat challenges faced in agriculture sector, besides enhanci...

    26 Aug 2016, 10.56 am  |  Source: PTI

  • Under India`s incoming RBI boss expect less chat,unified message

    Under India's incoming RBI boss expect less chat,unified message  

    Meetings go on to this day, but out went the kind of private chats that could unsettle markets, occurrences that became known as "open mouth operations", as opposed to open market operations the RBI carries out.

    26 Aug 2016, 10.36 am  |  Source: Reuters

  • Govt distributes over 15 cr LED bulbs under DELP scheme

    Govt distributes over 15 cr LED bulbs under DELP scheme  

    These 15.10 crore LED bulbs will help in saving of 53.74 million units of electricity per day and Rs 21.49 crore daily, stated information updated on UJALA web portal.

    26 Aug 2016, 8.54 am  |  Source: PTI

  • Rajasthan Govt to establish multiple skill training centres

    Rajasthan Govt to establish multiple skill training centres  

    According to the MoU, the organisation will also provide skill training in sectors such as agriculture, horticulture, and animal husbandry.

    26 Aug 2016, 8.54 am  |  Source: PTI

  • Provide loans to women SHGs at 7%: RBI to banks

    Provide loans to women SHGs at 7%: RBI to banks  

    "All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakh at 7 percent per annum (under Deendayal Antyodaya Yojana-National Rural Livelihoods Mission). SHGs availing capital subsidy under SGSY in their exi...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Analysts, market participants hail RBI move on bond markets

    Analysts, market participants hail RBI move on bond markets  

    Welcoming the RBI measures, Karthik Srinivasan, Senior Vice-President, Icra, said, "The slew of measures announced by RBI should encourage greater participation from issuers, investors and intermediaries as it has accepted many of...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Railways must implement decisions on staff transfer: CAT

    Railways must implement decisions on staff transfer: CAT  

    Justice G Rajasuria, judicial member of CAT, who disposed of the original applications filed by Southern Railway Mazdoor Union last week, said the minutes of the meeting did not disclose what transpired during the discussion and w...

    26 Aug 2016, 7.48 am  |  Source: PTI

  • PM should stall construction of dams over Ganga: Swaroopanand

    PM should stall construction of dams over Ganga: Swaroopanand  

    "Namami Gange mission will be successful only if the dams proposed or being built over the river are stalled by Prime Minister Narendra Modi, " Swaroopanand told reporters here.

    26 Aug 2016, 7.46 am  |  Source: PTI

  • RBI lets banks issue masala bonds, to accept corp bonds in LAF

    RBI lets banks issue masala bonds, to accept corp bonds in LAF  

    To encourage overseas rupee bonds market, banks are being permitted to issue rupee-denominated bonds overseas (masala bonds) for their capital requirements and for financing infrastructure and affordable housing.

    25 Aug 2016, 8.56 pm  |  Source: PTI

  • ICRA pegs first quarter GDP growth flat at 7.2%

    ICRA pegs first quarter GDP growth flat at 7.2%  

    Domestic rating agency Icra has estimated the GDP growth to remain flat at 7.2 per cent in the first quarter under the gross value added (GVA) calculation, thanks to an uptick in the industrial sector negating the decline in servi...

    25 Aug 2016, 7.50 pm  |  Source: PTI

  • Reserve Bank unlikely to reduce rates before April 2017: EIU

    Reserve Bank unlikely to reduce rates before April 2017: EIU  

    RBI is unlikely to cut rates before April 2017, according to the Economist Intelligence Unit (EIU), which has said outgoing Governor Raghuram Rajan has tamed inflation by refusing to bow to the government's desire for lower rates.

    25 Aug 2016, 6.58 pm  |  Source: PTI

  • RBI retains `too big to fail` status for SBI, ICICI Bank

    RBI retains 'too big to fail' status for SBI, ICICI Bank  

    The Reserve Bank of India (RBI) on Thursday retained State Bank of India and ICICI Bank , the nation's top two lenders by assets, as "domestic systemically important banks", or the equivalent as "too big to fail" for a second cons...

    25 Aug 2016, 5.38 pm  |  Source: Reuters

  • Mauritius to remain major FDI source till March 2019: Experts

    Mauritius to remain major FDI source till March 2019: Experts  

    While the Cabinet yesterday approved the signing of revised pact with Cyprus, which will enable India to tax capital gains for investments originating there, the government has already revised the tax treaty with Mauritius.

    25 Aug 2016, 5.36 pm  |  Source: PTI

  • Urjit Patel to maintain Rajan`s anti-inflationary stance:Goldman

    Urjit Patel to maintain Rajan's anti-inflationary stance:Goldman  

    According to the global financial services major, Patel's appointment as the next RBI Governor will lead to policy continuity.

    25 Aug 2016, 3.36 pm  |  Source: PTI

  • Gems, jewellery exports up about 12% in April-July FY`17

    Gems, jewellery exports up about 12% in April-July FY'17  

    In April-July period of the last fiscal, exports from the sector were at USD 10.21 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC).

    25 Aug 2016, 3.20 pm  |  Source: PTI

  • Steel Ministry seeks higher supply of coking coal

    Steel Ministry seeks higher supply of coking coal  

    "The Steel Ministry wants more availability of coking coal for steel plants of SAIL and RINL. As a result, Steel Secretary Aruna yesterday met Coal Secretary Anil Swarup," an official said.

    25 Aug 2016, 2.22 pm  |  Source: PTI

  • India`s GDP to expand by 7.9% this fiscal: Goldman

    India's GDP to expand by 7.9% this fiscal: Goldman  

    The global financial services major said the GDP is expected to improve gradually and for the April-June quarter it may slow a tad to 7.8 percent, in part due to unfavorable base. It had grown at 7.9 percent in the previous quarte...

    25 Aug 2016, 2.12 pm  |  Source: PTI

  • Pema Khandu assures steps to expedite hydro projects

    Pema Khandu assures steps to expedite hydro projects  

    In the meeting, the NHPC team discussed various aspects regarding the hydropower scenario of the state with emphasis on the Subansiri Lower Project and Dibang Multipurpose Project, the release added.

    25 Aug 2016, 12.26 pm  |  Source: PTI

  • India poised to be one of world`s largest aviation markets: ACI

    India poised to be one of world's largest aviation markets: ACI  

    The Airports Council International (ACI) said that major commercial airports in China, India and Korea remained the major driving forces for the robust air passenger growth in the Asia-Pacific region.

    25 Aug 2016, 8.50 am  |  Source: PTI

  • Isolux Corsan wins 113 mn euros contract from NHAI

    Isolux Corsan wins 113 mn euros contract from NHAI  

    "Isolux Corsan strengthens its presence in India with a new contract: the improvement and extension of two to four lanes in the 72 km of Highway NH-74 running between Haridwar and Nagina, in the states of Uttarakhand and Uttar Pra...

    25 Aug 2016, 8.48 am  |  Source: PTI

  • RCEP talks may miss December 2016 deadline, enter 2017: Nirmala

    RCEP talks may miss December 2016 deadline, enter 2017: Nirmala  

    The Regional Comprehensive Economic Partnership (RCEP) members wanted to conclude the negotiations by December 2016 but "that is not going to happen. It might move into 2017," she told reporters.

    25 Aug 2016, 8.48 am  |  Source: PTI

  • Ram Vilas Paswan favours ban on sugar futures

    Ram Vilas Paswan favours ban on sugar futures  

    On August 22, Finance Minister Arun Jaitley had held an inter-ministerial consultation on imposing ban on sugar futures trading in an effort to curb speculation and check price rise of the sweetener during festival season.

    25 Aug 2016, 8.48 am  |  Source: PTI

  • Gross NPAs of banks nearly double to 8.7% in Q1: S S Mundra

    Gross NPAs of banks nearly double to 8.7% in Q1: S S Mundra  

    System-level stressed advances, which includes GNPAs and restructured standard advances during March 2016, were 11.4 percent, while they were 10.9 percent as of March 2015.

    25 Aug 2016, 8.46 am  |  Source: PTI

  • FDI in defence to come steadily: Nirmala Sitharaman

    FDI in defence to come steadily: Nirmala Sitharaman  

    During January-December 2015, India had received only USD 0.08 million FDI in defence industries despite the government relaxing the policy for the sector.

    25 Aug 2016, 8.44 am  |  Source: PTI

  • GST: A game changer for SME sector

    GST: A game changer for SME sector    

    CNBC-TV18’s AB Ravi speaks to eminent panelists to discuss the issues and challenges plaguing the MSME sector and whether goods and services tax (GST) can be a game changer for the SME sector.

    25 Aug 2016, 8.23 am  |  Source: CNBC-TV18

  • DTC incurred losses of around Rs 3,506 cr in last fiscal: Jain

    DTC incurred losses of around Rs 3,506 cr in last fiscal: Jain  

    To a question raised by AAP MLA Somnath Bharti in the Delhi Assembly, he said feeder buses will also improve last mile connectivity and will not cause traffic congestion on narrow roads.

    25 Aug 2016, 7.38 am  |  Source: PTI

  • UNDP to assist in developing Dharamshala as Smart City

    UNDP to assist in developing Dharamshala as Smart City  

    "UNDP would link Dharamshala with Japan for earthquake resistant technology which is the most advanced technology available today. Besides, it will also link the state with USA for availing benefits of different expertise.

    25 Aug 2016, 7.38 am  |  Source: PTI

  • Ministers call for 2% rate cut; economists say wishful thinking

    Ministers call for 2% rate cut; economists say wishful thinking   

    Madan Sabnavis, Chief Economist of CARE Ratings said certain industries are hopeful of a rate cut as investment is facilitated with lower rates. However, keeping current inflation rate in sight it seems unlikely RBI will deviate f...

    24 Aug 2016, 10.29 pm  |  Source: CNBC-TV18

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