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Economy

  • Interest rates on small savings schemes cut by 0.1%

    Interest rates on small savings schemes cut by 0.1%  

    Interest rates on small savings schemes have been reduced marginally by 0.1 per cent for the October-December quarter of 2016-17, leading to lower returns on Public Provident Fund, Kisan Vikas Patra, Sukanya Samriddhi Account, amo...

    29 Sep 2016, 9.58 pm  |  Source: PTI

  • India to grow at more than 7%: IMF

    India to grow at more than 7%: IMF  

    "In the emerging and developing countries home to 85 percent of the world's population we have seen more progress for more people than at any time in history: child mortality is down, life expectancy is up, absolute poverty has de...

    29 Sep 2016, 8.58 pm  |  Source: PTI

  • Simplify agri loans, speed up disbursals: RBI to PSBs

    Simplify agri loans, speed up disbursals: RBI to PSBs  

    Public sector banks should simplify their loan processes as well as disburse farm loans speedily as the government has set a target to double farmers' income by 2022, the Reserve Bank said today.

    29 Sep 2016, 8.14 pm  |  Source: PTI

  • Banks can`t publish defaulters` photo randomly: RBI

    Banks can't publish defaulters' photo randomly: RBI  

    RBI today said lenders can publish photographs of only those borrowers in newspapers who have been declared wilful defaulters as per the central bank's guidelines.

    29 Sep 2016, 8.14 pm  |  Source: PTI

  • Govt to further import 1.70 lakh tonnes of pulses

    Govt to further import 1.70 lakh tonnes of pulses  

    MMTC is importing pulses on behalf of the government. So far, it has contracted 1.81 lakh tonnes of pulses, of which 36,000 tonnes have already arrived, as per the official data.

    29 Sep 2016, 7.26 pm  |  Source: PTI

  • Currency, stock mkts will stabilise by next week:Shaktikanta Das

    Currency, stock mkts will stabilise by next week:Shaktikanta Das   

    Economic Affairs Secretary Shaktikanta Das tells CNBC-TV18 he is confident Indian markets will stabilise in next few days as decisive actions by government should boost investor sentiment. He also shared borrowing schedule for sec...

    29 Sep 2016, 7.22 pm  |  Source: CNBC-TV18

  • GST Council to meet tomorrow to discuss rules, exemptions

    GST Council to meet tomorrow to discuss rules, exemptions  

    To be chaired by Union Finance Minister Arun Jaitley, the Council will also deliberate on a formula for payment of compensation to states for revenue loss in the aftermath of implementation of the GST.

    29 Sep 2016, 5.46 pm  |  Source: PTI

  • Govt borrowing limit for Oct-Mar unchanged at Rs 2.45 lakh cr

    Govt borrowing limit for Oct-Mar unchanged at Rs 2.45 lakh cr  

    The second half gross borrowing in the current financial year is unchanged at Rs 2.45 lakh crore while net borrowing during the same period would be Rs 1.77 lakh crore, sources said.

    29 Sep 2016, 5.22 pm  |  Source: PTI

  • After Hindustan Copper, govt eyes stake sale in other PSUs

    After Hindustan Copper, govt eyes stake sale in other PSUs  

    In accordance with its plan to dilute share in public sector undertakings (PSUs), the government is now looking to sell some of its stake in NMDC, NALCO, BHEL via offer for sale (OFS) route.

    29 Sep 2016, 4.43 pm  |  Source: Moneycontrol.com

  • West Bengal emphasises on developing new tier II & III townships

    West Bengal emphasises on developing new tier II & III townships  

    But, a real estate developer on the sidelines said, "The theme cities have not able to attract bidders' interest and so the state government has decided to develop Bolpur theme city of their own." The state governemnt had decided ...

    29 Sep 2016, 2.50 pm  |  Source: PTI

  • Govt move localised; foreign investors need not fear: Niti Aayog

    Govt move localised; foreign investors need not fear: Niti Aayog   

    Foreign investors have nothing to fear and should not feel nervous, says Kant. India is going about its business and it has taken all possible actions to maintain peace, he adds.

    29 Sep 2016, 1.32 pm  |  Source: CNBC-TV18

  • India, Canada look for ways for early closure of trade deals

    India, Canada look for ways for early closure of trade deals  

    The issue, among others, will figure during the meeting between the trade ministers of both the countries in Toronto.

    29 Sep 2016, 12.10 pm  |  Source: PTI

  • Sugar prices to remain firm for next 3-4 quarters: ICRA

    Sugar prices to remain firm for next 3-4 quarters: ICRA  

    According to credit rating agency ICRA, sugar prices have remained firm and increased from around Rs 31,500/million tonnes in March to Rs 36,000/million tonnes in August and continue to hover around the same price in September, 20...

    29 Sep 2016, 10.00 am  |  Source: PTI

  • Bengal govt ink MoU with Burn Standard Co for Kolkata monorail

    Bengal govt ink MoU with Burn Standard Co for Kolkata monorail  

    Chief Minister Mamata Banerjee said the state government will provide land for the project which will go from Budge Budge and cross Taratala and Alipore to reach Ruby Hospital.

    29 Sep 2016, 10.00 am  |  Source: PTI

  • Suresh Prabhu inaugurates new railway tracks, train in Jharkhand

    Suresh Prabhu inaugurates new railway tracks, train in Jharkhand  

    Launching the new train service and tracks through video conferencing here, he said, "This will uplift the area and will go a long way in satisfying the needs of the local people."

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Rs 1,269 crore assistance for crop damage to Maharashtra

    Rs 1,269 crore assistance for crop damage to Maharashtra  

    This was approved at a meeting of a high-level committee meeting for central assistance headed by Home Minister Rajnath Singh.

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Need to examine high growth in farm credit, says Mundra

    Need to examine high growth in farm credit, says Mundra  

    "If the land bank is the same, the area under irrigation has not changed significantly, if the fragmentation is continuously happening, then what accounts for the increase in lending?" he said at an event here.

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Inflation is inching down; room for easing: Chief Eco Advisor

    Inflation is inching down; room for easing: Chief Eco Advisor  

    Arvind Subramanian stands pat by his forecast that the Indian economy will grow by 7-7.75 percent in this year. In an interview to Business Standard, the Chief Economic Advisor said that the advancing of the Budget cycle will mean...

    29 Sep 2016, 8.34 am  |  Source: CNBC-TV18

  • DFCCIL signs MoU with Railways

    DFCCIL signs MoU with Railways  

    Dedicated Freight Corridor Corporation of India Limited (DFCCIL), a government enterprise under the administrative control of the Ministry of Railways, is at present carrying out construction of 3,342km eastern and western freight...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • Internet governance must be open, inclusive: Ravi Shankar Prasad

    Internet governance must be open, inclusive: Ravi Shankar Prasad  

    "This world has to be an equal world...this world has to be a world where voice of everyone is heard and the architecture of internet governance must emerge from that point....you must take views of all countries, particularly cou...

    29 Sep 2016, 7.38 am  |  Source: PTI

  • CBEC chief bats for minimal exemptions for India Inc under GST

    CBEC chief bats for minimal exemptions for India Inc under GST   

    Lesser the number of exemptions, the better it will be as each exemption distorts structure of the tax regime says, Najib Shah, Chairman of Central Board of Excise and Customs in a CNBC-TV18 special series, in association with Min...

    28 Sep 2016, 9.46 pm  |  Source: CNBC-TV18

  • Mahindra warns of `demographic disaster` sans jobs

    Mahindra warns of 'demographic disaster' sans jobs  

    Welcoming a move to develop "giant" special economic zones in coastal areas, industrialist Anand Mahindra today warned that without job creation on a war footing our "demographic dividend can turn into a disaster".

    28 Sep 2016, 9.44 pm  |  Source: PTI

  • Govt expects improvement in India`s ease of doing biz ranking

    Govt expects improvement in India's ease of doing biz ranking   

    With a host of reform measures, including the Goods and Services Tax (GST) and enactment of insolvency law, the country will also witness improvement in its ranking in the World Bank's Ease of Doing Business in coming years.

    28 Sep 2016, 8.14 pm  |  Source: PTI

  • Inflation to avg at 5% in FY17; RBI may cut 25 bps in Dec: Pros

    Inflation to avg at 5% in FY17; RBI may cut 25 bps in Dec: Pros   

    While the probability of a rate cut is slim in next four months, there are high chances of it in next 12 months, Pronab Sen, Country Director at IGC said.

    28 Sep 2016, 6.26 pm  |  Source: CNBC-TV18

  • Govt approves India-Singapore MoU to boost innovation

    Govt approves India-Singapore MoU to boost innovation  

    "The MoU will enhance bilateral cooperation activities in the arena of industrial property rights of patents, trademarks and industrial designs," an official statement said.

    28 Sep 2016, 4.36 pm  |  Source: PTI

  • CCEA clears Rs 2,256 cr project for CBEC`s GST integration

    CCEA clears Rs 2,256 cr project for CBEC's GST integration  

    The implementation strategy for the project will be to ensure readiness of CBEC's IT framework by April, 1, 2017, when GST is to be introduced, an official statement read.

    28 Sep 2016, 3.38 pm  |  Source: PTI

  • `GDP to bank credit growth link weakening due to alternatives`

    'GDP to bank credit growth link weakening due to alternatives'  

    The total credit dispensed by the non-bank entities has increased to 37.40 percent in these two years, which is twice the pace of the 19.22 percent growth reported by banks, he said.

    28 Sep 2016, 3.30 pm  |  Source: PTI

  • World Bank unanimously reappoints President Jim Yong Kim

    World Bank unanimously reappoints President Jim Yong Kim  

    The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced today.

    28 Sep 2016, 7.22 am  |  Source: PTI

  • Modi not to attend SAARC Summit

    Modi not to attend SAARC Summit   

    Prime Minister Narendra Modi will not attend the SAARC Summit in Islamabad in November amidst heightened tension between India and Pakistan.

    27 Sep 2016, 9.52 pm  |  Source: PTI

  • Reasonably possible to meet Apr deadline for GST: Jaitley

    Reasonably possible to meet Apr deadline for GST: Jaitley   

    Lauding the progress achieved so far on GST implementation, Finance Minister Arun Jaitley today exuded confidence that it is "reasonably possible" to meet the April 1 deadline to roll out the new indirect tax regime.

    27 Sep 2016, 8.56 pm  |  Source: PTI

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