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Economy

  • Push for GST: Cabinet approves GST Constitutional Act amendments

    Push for GST: Cabinet approves GST Constitutional Act amendments  

    The Bill will also mention that dispute resolution will be decided by the GST council. The government has also included five years compensation clause for state governments for any loss that they may incur.

    27 Jul 2016, 8.27 pm  |  Source: CNBC-TV18

  • La Nina woes: Monsoon floods may hurt agri output, says Crisil

    La Nina woes: Monsoon floods may hurt agri output, says Crisil  

    CRISIL's DRIP (Deficient Rainfall Impact Parameter) indicator is better for all crops compared with last year. The indicator is upbeat on almost all states, barring Gujarat, Odisha Assam, Himachal Pradesh and Kerala.

    27 Jul 2016, 4.57 pm  |  Source: Moneycontrol.com

  • Gujarat proposes to sell surplus power to Railways

    Gujarat proposes to sell surplus power to Railways  

    Patel said he held a meeting with Prabhu in New Delhi yesterday and discussed the prospect of Gujarat selling surplus power to the Indian Railways, which has been buying electricity from private firms beside state-run electricity ...

    27 Jul 2016, 4.04 pm  |  Source: PTI

  • Govt gives no subsidy for export of cow meat

    Govt gives no subsidy for export of cow meat  

    "No," Commerce and Industry Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha to a question whether any subsidy is being provided for export of cow meat.

    27 Jul 2016, 3.56 pm  |  Source: PTI

  • Govt drops plan for Rs 17,500 cr funds for telecom R&D, mfg

    Govt drops plan for Rs 17,500 cr funds for telecom R&D, mfg  

    "Since the EDF (Electronic Development Fund) would also take care of R&D and manufacturing of telecom products, the proposal to set up three separate funds was dropped," Telecom Minister Manoj Sinha said in a written reply to the ...

    27 Jul 2016, 3.56 pm  |  Source: PTI

  • Higher FDI limit in brownfield pharma to attract latest tech

    Higher FDI limit in brownfield pharma to attract latest tech  

    The Foreign Direct Investment (FDI) cap in brownfield pharma was recently raised to 74 percent under the automatic route from 49 percent earlier. Beyond 74 percent, foreign investment is permitted under the approval route.

    27 Jul 2016, 3.10 pm  |  Source: PTI

  • Stalled 241 infra projects cause cost overrun of Rs 1.6 lakh cr

    Stalled 241 infra projects cause cost overrun of Rs 1.6 lakh cr  

    The Statistics Ministry monitored 1,076 infrastructure projects, each worth Rs 150 crore or more across sectors such as power, railways and roads in May, 2016.

    27 Jul 2016, 3.04 pm  |  Source: PTI

  • 60% probability of GST bill passage in current session: Nomura

    60% probability of GST bill passage in current session: Nomura  

    The GST bill, which intends to convert 29 states into a single market through a new indirect tax regime, was earlier planned to be introduced from April 1 this year, but the deadline was missed as the legislation to roll it out re...

    27 Jul 2016, 2.52 pm  |  Source: PTI

  • `Financial schemes for people affected by mining ban stopped`

    'Financial schemes for people affected by mining ban stopped'  

    Chief Minister Laxmikant Parsekar told the Assembly the umbrella scheme providing monthly financial help to the people who had lost their jobs due to the ban has been stopped.

    27 Jul 2016, 2.14 pm  |  Source: PTI

  • Roadblocks cleared, GST passage seen sooner rather than later

    Roadblocks cleared, GST passage seen sooner rather than later   

    After years of negotiations, arguably the country's biggest tax reform has likely cleared most of its hurdles and its rollout appears to be on track for its intended April 1, 2017 target.

    27 Jul 2016, 1.33 pm  |  Source: CNBC-TV18

  • Call drops situation to be improved in 3-4 months: Manoj Sinha

    Call drops situation to be improved in 3-4 months: Manoj Sinha  

    Manoj Sinha said the telecom operators will invest around Rs 20,000 crore to improve their infrastructure and install one lakh base transceiver station (BTS) to offer better services to customers.

    27 Jul 2016, 1.32 pm  |  Source: PTI

  • Monsoon to push GDP growth to over 8% this fiscal: Panagariya

    Monsoon to push GDP growth to over 8% this fiscal: Panagariya  

    Indian economy grew 7.9 percent in March quarter and recorded a five-year high growth rate of 7.6 percent for the 2015-16 fiscal on robust manufacturing growth.

    27 Jul 2016, 12.34 pm  |  Source: PTI

  • `India more than capable of achieving 100 Smart City goal`

    'India more than capable of achieving 100 Smart City goal'  

    India needs to keep its smart city vision in mind while it addresses issues such as sanitation and transport, in order to achieve its 100 Smart City goal.

    27 Jul 2016, 12.08 pm  |  Source: PTI

  • Sugar mills owe Rs 6,582 crore to cane farmers

    Sugar mills owe Rs 6,582 crore to cane farmers  

    "As on July 15, 94 percent of cane dues payable on Fair and Remunerative Price (FRP) basis for the sugar season 2015-16 has been cleared," Minister of State for Food C R Chaudhary said in a written reply to the Lok Sabha.

    27 Jul 2016, 9.32 am  |  Source: PTI

  • Govt fixes potato MEP at $360/tonne

    Govt fixes potato MEP at $360/tonne  

    Wholesale potato prices in Agra, Uttar Pradesh has increased to Rs 15.25 per kg today from Rs 7 per kg in the year-ago period.

    27 Jul 2016, 9.30 am  |  Source: PTI

  • Centre approves Rs 1601 crore for Himayat programme in J&K

    Centre approves Rs 1601 crore for Himayat programme in J&K  

    "Rs 1601.51 crore has been approved for the scheme over the next three years during which six-months, nine-months and one year job-oriented training in residential and non-residential courses will be imparted to the aspirants by t...

    27 Jul 2016, 7.52 am  |  Source: PTI

  • Railway ministry signs MoU with CII

    Railway ministry signs MoU with CII  

    Talking about the tie-up with CII, Railway Minister Suresh Prabhu said at the event, "Now, we are not just compliant with our own good standards but will be compliant with global standards." The MoU was signed for Green Business C...

    27 Jul 2016, 7.52 am  |  Source: PTI

  • Odisha approves 3 investment projects worth Rs 874 cr

    Odisha approves 3 investment projects worth Rs 874 cr  

    The government's nod to the three projects came at the State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary A P Padhi.

    27 Jul 2016, 7.34 am  |  Source: PTI

  • India`s future looks brighter going forward: Jagdish Sheth

    India's future looks brighter going forward: Jagdish Sheth   

    Watch the interview of Jagdish Sheth Professor - Marketing Goizueta Business School to CNBC-TV18's Shereen Bhan where he shared his thoughts on changing economic dynamics in India.

    26 Jul 2016, 10.50 pm  |  Source: CNBC-TV18

  • India needs to be careful with inflation targeting: Subbarao

    India needs to be careful with inflation targeting: Subbarao  

    India should avoid fixating on an inflation target given the need to ensure economic growth and financial stability, former central bank governor Duvvuri Subbarao warned on Tuesday.

    26 Jul 2016, 10.21 pm  |  Source: Reuters

  • CNBC-TV18 Exclusive: Amit Mitra says consensus achieved on key GST issues

    CNBC-TV18 Exclusive: Amit Mitra says consensus achieved on key GST issues   

    The Empowered Committee of State Finance Ministers, chaired by West Bengal FM Amit Mitra, today met Union Finance Minister Arun Jaitley to thrash out details of the ambitious goods and services tax (GST) reform.

    26 Jul 2016, 10.13 pm  |  Source: CNBC-TV18

  • India Inc foreign borrowing down sharply in June at $1.07 bn

    India Inc foreign borrowing down sharply in June at $1.07 bn  

    Indian firms had raised USD 3.16 billion from foreign markets in June 2015. In the previous month May 2016, the domestic firms had raised USD 1.32 billion from overseas markets.

    26 Jul 2016, 10.08 pm  |  Source: PTI

  • BJP-Congress playing ping-pong with GST Bill: Derek O`Brien

    BJP-Congress playing ping-pong with GST Bill: Derek O'Brien   

    In an interview with CNBC-TV18, Rajya Sabha MP from the Trinamool Congress Derek O'Brien talked about the headway the GST has made, TMC's stand on it and when he thinks the passage of the Bill is expected to take place.

    26 Jul 2016, 9.54 pm  |  Source: CNBC-TV18

  • Govt must protect central bank`s independence: Rajan

    Govt must protect central bank's independence: Rajan  

    Taking on his detractors, Governor Raghuram Rajan today said the criticism that RBI killed growth with high rates was at odds with "received wisdom" of India being fastest-growing and urged the government to look beyond 'motiv...

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Manipur joins UDAY scheme, to get benefits worth Rs 263 crore

    Manipur joins UDAY scheme, to get benefits worth Rs 263 crore  

    Manipur has joined the UDAY scheme meant for revival of debt-stressed power distribution utilities and will get benefits of around Rs 263 crore.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Excise mop up from Mumbai soars 36% to Rs 15,729 cr in Q1

    Excise mop up from Mumbai soars 36% to Rs 15,729 cr in Q1  

    Central excise collection from the Mumbai Zone jumped 36 per cent to Rs 15,729 crore in the first quarter of 2016-17 from Rs 11,551 crore a year ago, a senior official said today.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • New banking entrants to help improve credit culture: RBI

    New banking entrants to help improve credit culture: RBI  

    Reserve Bank's newly appointed deputy governor N S Vishwanathan today said the entry of new players in banking space should improve the credit culture.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Middle class inadequately prepared for financial future:Report

    Middle class inadequately prepared for financial future:Report  

    The personal finance advisory platform, News Corp-owned BigDecisions.com, also said around 90 percent of the middle-class people surveyed are not able to benefit adequately from IT deductions under Section 80C of the Income-Tax Ac...

    26 Jul 2016, 7.10 pm  |  Source: PTI

  • NPA clean-up should have started much earlier: Rajan

    NPA clean-up should have started much earlier: Rajan  

    He also said the lenders were initially reluctant to implement the clean-up which started from December 2015 with RBI identifying 150 largest accounts which were facing problems in servicing their debt obligations.

    26 Jul 2016, 7.08 pm  |  Source: PTI

  • Maize prices stable on increased sowing: USGC

    Maize prices stable on increased sowing: USGC  

    There were not much interest shown on the import tenders by state-owned trading firms State Trading Corporation (STC) PEC, floated for the poultry sector and dairy animals.

    26 Jul 2016, 7.08 pm  |  Source: PTI

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