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Economy

  • CBDT notifies foreign tax credit rules, corporates to gain

    CBDT notifies foreign tax credit rules, corporates to gain  

    Foreign tax credit (FTC) will be available against tax, surcharge and cess payable under the Act, including minimum alternate tax (MAT) but not in respect of interest, fee or penalty.

    30 Jun 2016, 12.54 pm  |  Source: PTI

  • Pay bonanza reduces burden of monthly installments: Experts

    Pay bonanza reduces burden of monthly installments: Experts   

    Funds received on account of arrears payouts can be used to partly finance home purchases, V Raghu of Repco Home Finance tells CNBC-TV18.

    30 Jun 2016, 12.01 pm  |  Source: CNBC-TV18

  • Govt to build toilets for 55,000 households in UT

    Govt to build toilets for 55,000 households in UT  

    The CM said he had urged the Prime Minister to make available the funds for the toilet scheme during his recent visit to Delhi and he had responded positively to his plea.

    30 Jun 2016, 12.00 pm  |  Source: PTI

  • Unsure if monetary policy panel to set rates in Aug: RBI chief

    Unsure if monetary policy panel to set rates in Aug: RBI chief  

    The process to set up India's monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank's next policy review on August 9, Reserve Bank of India (RBI) Governor Raghuram Rajan ...

    30 Jun 2016, 11.49 am  |  Source: Reuters

  • Sugar mills pay 92% dues to cane farmers; owe Rs 4,225 cr

    Sugar mills pay 92% dues to cane farmers; owe Rs 4,225 cr  

    The cane price payable and arrears have been calculated on the basis of Fair and Remunerative Price (FRP), which is the minimum price, fixed by the Centre, to be paid to farmers. For the 2015-16 marketing year, FRP for sugarcane h...

    30 Jun 2016, 9.34 am  |  Source: PTI

  • Use modern tech for timely, accurate agri-data: Agriculture Min

    Use modern tech for timely, accurate agri-data: Agriculture Min  

    In order to address time lag in agri-data, there is a need to use modern technologies like remote sensing, he said, adding that such technologies are now being promoted in his ministry for collecting horticulture data.

    30 Jun 2016, 9.34 am  |  Source: PTI

  • Cement demand to grow 6% in FY17: Icra

    Cement demand to grow 6% in FY17: Icra  

    "Cement demand growth will pick up to 6 percent in 2016-17 and further to 7 percent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment -- primarily road projects and hou...

    30 Jun 2016, 9.28 am  |  Source: PTI

  • Govt approves Rs 5,965 cr road projects in three states

    Govt approves Rs 5,965 cr road projects in three states  

    The CCEA in its meeting chaired by Prime Minister Narendra Modi approved the projects for widening of Aurangabad-Telwadi section of NH 211 in Maharashtra, Angul-Sambalpur section of NH-42 (New NH-55) in Odisha and Phagwara-Rupnaga...

    30 Jun 2016, 8.52 am  |  Source: PTI

  • Cargo traffic rises 6.3% to 108 MT at major ports in Apr-May

    Cargo traffic rises 6.3% to 108 MT at major ports in Apr-May  

    "The slew of measures taken by the Ministry of Shipping to improve performance of ports has started to yield positive results. The major ports in India handled 107.52 MT (million tonnes) of cargo during April-May 2016 and showed a...

    30 Jun 2016, 8.50 am  |  Source: PTI

  • Unions reject Centre`s pay hike, threaten to go on strike

    Unions reject Centre's pay hike, threaten to go on strike  

    The Confederation said the pay hike approved by the Cabinet on the 7th Central Pay Commission's recommendations is "not acceptable".

    30 Jun 2016, 8.50 am  |  Source: PTI

  • India lifts ban on export, import of certain items from Iran

    India lifts ban on export, import of certain items from Iran  

    The Directorate General of Foreign Trade (DGFT) in a notification said, "The prohibition on direct or indirect export to Iran or import from Iran of specified items is lifted.

    30 Jun 2016, 8.48 am  |  Source: PTI

  • Telangana woos Singaporean investors

    Telangana woos Singaporean investors  

    The minister also met Teo Eng Cheong, CEO of Surbana Jurong, a state-owned urban planning consultancy, which looks after the housing programme in Singapore and provides infrastructure and public services.

    30 Jun 2016, 8.48 am  |  Source: PTI

  • It`ll pour in July; rainfall deficiency down to 12%: Met Dept

    It'll pour in July; rainfall deficiency down to 12%: Met Dept   

    Speaking to CNBC-TV18 DS Pai of the indian Meteorological Department said that central Maharashtra has seen a deficiency in rainfall of about 30 percent.

    30 Jun 2016, 8.19 am  |  Source: CNBC-TV18

  • WB may set up grid-connected solar PV power plants in schools

    WB may set up grid-connected solar PV power plants in schools  

    Under the Integrated Power Development Scheme (IPDS), the West Bengal State Electricity Distribution Company Limited (WBSEDCL) will invest Rs 43 crore for setting up rooftop solar PV power plants in the next five years.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • Pay hike inadequate, `jumla` for defence personnel: Congress

    Pay hike inadequate, 'jumla' for defence personnel: Congress  

    "98 lakh central government employees feel disillusioned, let down and short-changed by the lopsided and inadequate hike in salaries and allowances by Modi government in these times of runaway inflation and all-round increase in p...

    30 Jun 2016, 7.26 am  |  Source: PTI

  • Guj govt to study financial implications of 7th Pay Commission

    Guj govt to study financial implications of 7th Pay Commission  

    The Union Cabinet accepted the recommendation of of Justice A K Mathur headed panel, which would benefit around one crore government employees and pensioners across country.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • Congress demands white paper on Gadkari`s ministry

    Congress demands white paper on Gadkari's ministry  

    The Congress in Maharashtra demanded a white paper on the Road Transport Department, saying that while the Union Minister Nitin Gadkari had made announcement of road projects worth lakhs of rupees, budget outlay for his ministry w...

    30 Jun 2016, 7.26 am  |  Source: PTI

  • Naidu meets Jaitley to discuss Med Tech Zone at Visakhapatnam

    Naidu meets Jaitley to discuss Med Tech Zone at Visakhapatnam  

    Naidu, the Urban Development Minister said that the meeting was regarding the sanctioning of funds for the 270 acre project.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • NMC hails union cabinet decision to accept 7th Pay Commission

    NMC hails union cabinet decision to accept 7th Pay Commission  

    The President of the National Mazdoor Conference(NMC) Subash Shastri described the decision of Union cabinet to accept the modified 7th pay commission recommendations for implementation as historical one.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • Jharkhand CM hails Centre`s move to implement 7th Pay Commission

    Jharkhand CM hails Centre's move to implement 7th Pay Commission  

    Raghubar Das has said that the state government would make efforts to implement the 7th Pay Commission within a time frame, official sources said.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • Govt should focus on productivity after pay boost: CII Prez

    Govt should focus on productivity after pay boost: CII Prez   

    The central government should now focus on improving the productivity of its millions of employees who were today awarded a significant salary hike after it approved the recommendations of the 7th Pay Commission, says Naushad Forb...

    29 Jun 2016, 10.03 pm  |  Source: CNBC-TV18

  • Govt needs to align top-level salaries to market: Panel member

    Govt needs to align top-level salaries to market: Panel member   

    In an interview with CNBC-TV18, Vivek Rae, Member of the 7th Pay Commission, talked about his takeaways from the government's approval of the recommendations of the pay panel.

    29 Jun 2016, 9.49 pm  |  Source: CNBC-TV18

  • 7th Pay Commission: Durables sector eyes demand boost

    7th Pay Commission: Durables sector eyes demand boost  

    Terming the Seventh Pay Commission as key to boosting demand especially when the global economy is reeling under the Brexit impact, Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Manish Sharma said...

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Govt officials` salaries now at par with corporates: Minister

    Govt officials' salaries now at par with corporates: Minister  

    Terming as "historic" the Union Cabinet's approval to pay hike, Union Minister Jitendra Singh today said its implementation will motivate the officials who will get the emoluments at par with those in corporates.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • 7th Pay Commission: Home sales likely to improve, say realtors

    7th Pay Commission: Home sales likely to improve, say realtors  

    Real estate industry bodies said housing sales are expected to improve following implementation of 7th Pay Commission recommendations as prices have fallen in last few years because of slowdown in the property market

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • NPA situation well under control: Jaitley

    NPA situation well under control: Jaitley  

    Allaying apprehension of bad loans in public sector banks, Finance Minister Jaitley on June 29 said NPA situation is under control as economic conditions are showing signs of improvement

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Cabinet clears mineral exploration policy

    Cabinet clears mineral exploration policy   

    "The Cabinet today cleared NMEP. After the policy is approved, the government can auction 100 blocks that have been identified by the Geological Survey of India (GSI) for exploration," a source said.

    29 Jun 2016, 9.00 pm  |  Source: PTI

  • Govt will contain impact of hike on fisc: Pay panel chief

    Govt will contain impact of hike on fisc: Pay panel chief   

    The allowance amount is likely to increase by around 10 percent from 14-15 percent if the Indian economy does well, says retired Justice AK Mathur who led the 7th Pay Commission panel.

    29 Jun 2016, 8.34 pm  |  Source: CNBC-TV18

  • 7th CPC recommendations not acceptable: Govt employees

    7th CPC recommendations not acceptable: Govt employees  

    Confederation of Central Government Employees today said the 7th Central Pay Commission's recommendations are "not acceptable" in view of the prevailing economic conditions, and threatened to advance by a week an indefinite st...

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • Over 50% job seekers see cos website before applying: LinkedIn

    Over 50% job seekers see cos website before applying: LinkedIn  

    Job seekers seek detailed information about their prospective employers as more than half of the country's professionals look at the company's website before applying for a job, says a survey

    29 Jun 2016, 7.20 pm  |  Source: PTI

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