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Budget 2017

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Economy

  • `FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%`

    'FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%'  

    According to Bank of America Merrill Lynch (BofA-ML), the N K Singh Committee would build cyclicality in setting fiscal deficit projections by switching to a target range (3-3.5 percent) from a point target of 3 percent.

    23 Jan 2017, 11.46 am  |  Source: PTI

  • Cashless transactions in Assam hamlet for over five centuries

    Cashless transactions in Assam hamlet for over five centuries  

    The system of barter trade has been kept alive for more than five centuries by the Tiwas, a tribe of Central Assam and neighbouring Meghalaya, who hold the three-day annual fair in the third week of January in Assam's Morigaon dis...

    23 Jan 2017, 11.16 am  |  Source: PTI

  • November`s factory output figures don`t reflect reality: Crisil

    November's factory output figures don't reflect reality: Crisil  

    The research agency said a weak base was responsible for the 5.7% rise in the index of industrial production (IIP) in November, which took place despite demonetisation.

    23 Jan 2017, 11.12 am  |  Source: Moneycontrol.com

  • Avoid onslaught of heavy taxation on tobacco: Farmers to govt

    Avoid onslaught of heavy taxation on tobacco: Farmers to govt  

    The non-profit organisation representing farmers across the states, including Andhra Pradesh, Telangana, Karnataka and Gujarat, appealed to Finance Minister Arun Jaitely, to avoid "the onslaught of heavy taxation on legal cigarett...

    23 Jan 2017, 10.40 am  |  Source: PTI

  • Budget 2017: What the Fisc? Why a high fiscal deficit can be bad for EMIs

    Budget 2017: What the Fisc? Why a high fiscal deficit can be bad for EMIs  

    Greater borrowing by the Centre and states will leave banks with lesser funds to lend to companies and individuals, partly negating the gains from demonetisation-induced surge in deposits.

    23 Jan 2017, 10.24 am  |  Source: Moneycontrol.com

  • Budget 2017: Jaitley may announce roadmap on fiscal deficit range in Budget

    Budget 2017: Jaitley may announce roadmap on fiscal deficit range in Budget   

    Finance minister could announce a new framework suggesting a fiscal deficit range from 2018-19 setting the stage for replacing the FRBM Act with a new law, giving the govt more flexibility on borrowing & spending; govt awaiting re...

    23 Jan 2017, 10.13 am  |  Source: Moneycontrol.com

  • Modi govt draws up agenda to get states to ease doing-business

    Modi govt draws up agenda to get states to ease doing-business  

    To spruce up India’s ranking in terms of ease of doing business, the Union Government has put out a 295-point agenda for states, which includes the target to quicken the starting of a company to just six days from an average 26 ...

    23 Jan 2017, 10.09 am  |  Source: Moneycontrol.com

  • Indian bonds best performers in Asia: Nomura

    Indian bonds best performers in Asia: Nomura  

    According to the Japanese financial services major, Indian bonds outperformed sovereign bonds in the rest of the region (Hong Kong, China, Taiwan, Thailand, Malaysia, Korea Singapore, Indonesia) last year and the yield curve is li...

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Restructured education loans not to be treated as NPAs: RBI

    Restructured education loans not to be treated as NPAs: RBI  

    Banks may allow up to three spells of moratorium (not exceeding 6 months each) during life cycle of education loan, taking into account spells of unemployment/underemployment, "without treating the exercise as restructuring", RBI ...

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Racold targets 10% contribution to global revenues from India

    Racold targets 10% contribution to global revenues from India  

    Ariston Thermo Group is a 1. 5 billion Euro company with presence in more than 150 countries, and India is one of the five strategic markets for the group.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Centre needs to push stimulus, reforms in Budget: Economist

    Centre needs to push stimulus, reforms in Budget: Economist  

    Stressing that infrastructure, health and education are all important priorities, he said the greater challenge is in spending smartly, and perhaps in enabling supply from a well-incentivised and well-regulated private sector, so ...

    23 Jan 2017, 9.30 am  |  Source: PTI

  • Cashless payment can root out corruption from system : Assam CM

    Cashless payment can root out corruption from system : Assam CM  

    "Cashless payment has the potential to root out corruption from the system and citizens must adopt cashless transactions as a way of life," the Chief Minister said inaugurating the 'DigiDhan Mela' here.

    23 Jan 2017, 9.00 am  |  Source: PTI

  • Nepal`s vegetable imports from India on rise

    Nepal's vegetable imports from India on rise  

    Vegetable imports from India have continued to increase even despite the far-western region seeing a rise in commercial vegetable farming, The Kathmandu Post reported.

    23 Jan 2017, 9.00 am  |  Source: PTI

  • Payments over Rs 5,000 in Haryana via cashless transactions

    Payments over Rs 5,000 in Haryana via cashless transactions  

    Giving this information in a release, Finance Minister Capt Abhimanyu said petro cards of Indian Oil and Hindustan Petroleum have been issued to state government drivers for cashless payments for fuel.

    23 Jan 2017, 9.00 am  |  Source: PTI

  • Cash-ban distress leaves scant room for India Budget giveaways

    Cash-ban distress leaves scant room for India Budget giveaways  

    Arun Jaitley is under pressure to offer tax giveaways and step up capital and welfare spending to ease the pain from demonetisation, but the economic disruption caused by Modi's jolt has made forecasting next year's revenue outloo...

    23 Jan 2017, 8.45 am  |  Source: Reuters

  • No fake currency in circulation post note-ban: Bokil

    No fake currency in circulation post note-ban: Bokil  

    Anil Bokil, founder of Pune-based think tank ArthaKranti, who was part of the team that claims to have suggested demonetisation to the government today said "no fake currency is in circulation in the system" after the note ban.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Note ban has negative impact on jobs, SMEs: Assocham survey

    Note ban has negative impact on jobs, SMEs: Assocham survey  

    Demonetisation has negatively impacted job creation by hurting small and medium enterprises (SMEs) in the immediate run, an Assocham survey today said.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Demonetisation has opened opportunities: Ashwin Sanghi

    Demonetisation has opened opportunities: Ashwin Sanghi  

    "When there is a fear there are opportunities. Demonetisation has created a fear among few people and on the other hand opened opportunities for others," Sanghi said at a session at the ongoing Jaipur Literature Festival here.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • AP government clears air over CM Naidu`s Davos visit

    AP government clears air over CM Naidu's Davos visit  

    The communications advisors office also released a letter sent by World Economic Forum (WEF) managing board member Philipp Rosler "inviting" Naidu for the conference.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • India Inc needs animal spirit, govt nudge for growth: Uday Kotak

    India Inc needs animal spirit, govt nudge for growth: Uday Kotak  

    Confident of India gaining its "rightful place" in coming years on the world stage alongside the US and China, ace banker Uday Kotak has said Indian corporates also need to combine some "animal spirit" with their judicious capital...

    22 Jan 2017, 4.00 pm  |  Source: PTI

  • What do insurance companies want from Budget 2017?

    What do insurance companies want from Budget 2017?  

    On the heels of demonetisation, the insurance industry is seeking higher tax exemptions, focus on e-payment and compulsory home insurance in the upcoming Union Budget that will help in increasing insurance penetration in India.

    22 Jan 2017, 3.00 pm  |  Source: PTI

  • GDP may slow down if GST implemented in hurry: Tax officials

    GDP may slow down if GST implemented in hurry: Tax officials  

    Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in cas...

    22 Jan 2017, 1.54 pm  |  Source: PTI

  • Double I-T exemption limit, continue with corp deductions: EY

    Double I-T exemption limit, continue with corp deductions: EY  

    The government should double the basic I-T exemption limit to Rs 5 lakh per year and continue with incentives and deductions to corporate houses for stimulating consumption demand and propel private investment post demonetisation...

    22 Jan 2017, 1.00 pm  |  Source: PTI

  • FPI outflows at Rs 5,100 cr in Jan over economic growth concerns

    FPI outflows at Rs 5,100 cr in Jan over economic growth concerns  

    Foreign investors have pulled out over Rs 5,100 crore from the Indian capital market so far this month over concerns regarding "lower prospects" of economic growth as compared to other emerging markets.

    22 Jan 2017, 1.00 pm  |  Source: PTI

  • Demonetisation will widen tax base, Finance Ministry tells PAC

    Demonetisation will widen tax base, Finance Ministry tells PAC  

    Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.

    22 Jan 2017, 11.38 am  |  Source: PTI

  • India`s consumption growth de-risks it from uncertainity: Kamath

    India's consumption growth de-risks it from uncertainity: Kamath  

    Confident about India continuing to grow on the back of its consumption-driven economy, veteran banker and BRICS nation's National Development Bank chief K V Kamath has said the world is going through very uncertain times but tha...

    22 Jan 2017, 11.02 am  |  Source: PTI

  • West Bengal receives Rs 2.35 L cr investment proposals: Mamata

    West Bengal receives Rs 2.35 L cr investment proposals: Mamata  

    West Bengal has received investment proposals worth Rs 2.35 lakh crore across sectors at the 3rd Global Bengal Business Summit held here, Chief Minister Mamata Banerjee said today.

    21 Jan 2017, 3.10 pm  |  Source: PTI

  • ATM theft or chain snatching, your insurer will cover it

    ATM theft or chain snatching, your insurer will cover it  

    General insurance companies are now offering cover for cash lost in transit from the ATM to home, chain snatching while on the road and also alternate accommodation for hotel stay in case of damage to home.

    21 Jan 2017, 1.57 pm  |  Source: Moneycontrol.com

  • SBI Research sees 70% money supply normalisation by Feb-end

    SBI Research sees 70% money supply normalisation by Feb-end  

    Currency circulation is likely to normalise by the end of February as nearly 70 percent of the notes will be remonetised by then, a report said today.

    20 Jan 2017, 8.52 pm  |  Source: PTI

  • Wheat sowing up 7%, pulse acreage grows 11% so far in Rabi

    Wheat sowing up 7%, pulse acreage grows 11% so far in Rabi  

    Sowing area under wheat has risen 7 percent to 313.14 lakh hectares while that of pulses is up 11 percent to 157.68 lakh hectares so far in the ongoing rabi (winter-sown) season on good monsoon and higher support price.

    20 Jan 2017, 8.52 pm  |  Source: PTI

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