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Economy

  • Demonetisation: Get discounts on fuel, rail tickets, tolls on digital payments

    Demonetisation: Get discounts on fuel, rail tickets, tolls on digital payments   

    Here are key steps Finance Minister Arun Jaitley announced Thursday to incentivise digital payments.

    08 Dec 2016, 6.00 pm  |  Source: Moneycontrol.com

  • India can outperform China in coming years in home textile mkt

    India can outperform China in coming years in home textile mkt  

    This measure, on the back of the special package for apparel sector, will help to increase the market share of home textile market globally, ITF Secretary, Prabhu Dhamodharan said in a statement here.

    08 Dec 2016, 5.34 pm  |  Source: PTI

  • GST Council may reduce tax slabs in future: CBEC chief

    GST Council may reduce tax slabs in future: CBEC chief  

    The GST Council may in future decide to reduce the tax slabs under the Goods and Services Tax regime after analysing the revenue garnered and the compensation payouts to states, a top official said today.

    08 Dec 2016, 5.34 pm  |  Source: PTI

  • Demonetisation to impact India`s EXIM trade in Oct-Dec: Maersk

    Demonetisation to impact India's EXIM trade in Oct-Dec: Maersk  

    Government's decision to ban use of old Rs 1,000 and Rs 500 currency notes is expected to impact adversely the growth of export-import (EXIM) trade, shipping giant Maersk Line said in a report.

    08 Dec 2016, 5.34 pm  |  Source: PTI

  • $48 bn textile exports target looks hard to achieve: Government

    $48 bn textile exports target looks hard to achieve: Government  

    The overall exports of textiles and garments from India during 2015-16 was USD 40 billion, falling way short of the USD 47.5 billion target.

    08 Dec 2016, 4.14 pm  |  Source: PTI

  • COMMENT: Should you buy into the government`s stake sale in these 4 PSUs?

    COMMENT: Should you buy into the government's stake sale in these 4 PSUs?  

    The government is planning to raise Rs 12,000 crore through the Offer for Sale route with likely candidates being Nalco, NMDC, MOIL and BEL. Here’s a brief look at the prospects of the four companies.

    08 Dec 2016, 4.08 pm  |  Source: Moneycontrol.com

  • Indian pharma industry facing growth headwinds: ICRA

    Indian pharma industry facing growth headwinds: ICRA  

    Growth from the US has come down to less than 9 percent in first half of 2016-17 despite consolidation and currency benefits and going forward, the growth momentum is likely to face further pressure, it said.

    08 Dec 2016, 4.04 pm  |  Source: PTI

  • Short term pain will lead to long term gains: PM on note ban

    Short term pain will lead to long term gains: PM on note ban  

    In a series of tweets, Modi spoke about the benefits of demonetization and said the country has a "historic opportunity" to embrace increased cashless payments.

    08 Dec 2016, 3.24 pm  |  Source: PTI

  • States` demand of sole control in GST disempowers Centre: CBEC

    States' demand of sole control in GST disempowers Centre: CBEC  

    Lack of consensus on the issue of how the new tax, having central and state elements, would be collected and administered is holding up the supporting legislations on the Goods and Service Tax (GST), which the government is keen o...

    08 Dec 2016, 3.14 pm  |  Source: PTI

  • RBI may cut rates by up to 50 basis points next year: Report

    RBI may cut rates by up to 50 basis points next year: Report  

    RBI surprised with a status quo on policy, premised on upside risk to January-March quarter inflation and limited transient growth drag owing to demonetisation.

    08 Dec 2016, 2.46 pm  |  Source: PTI

  • Pakistan lifts ban on Indian cotton imports

    Pakistan lifts ban on Indian cotton imports  

    Earlier, the Department of Plant Protection (DPP) of the Ministry of National Food Security and Research put cotton imports from India on hold through Wagah and Karachi port from November 23, saying the shipments did not fulfil ph...

    08 Dec 2016, 2.34 pm  |  Source: PTI

  • India takes steps to ease impact from ban on banknotes

    India takes steps to ease impact from ban on banknotes  

    Prime Minister Narendra Modi shocked the country on November 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86 percent of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has ...

    08 Dec 2016, 12.59 pm  |  Source: Reuters

  • Govt plans projects to overcome land problems for solar power

    Govt plans projects to overcome land problems for solar power  

    "The government has planned to overcome the challenge by launching the schemes like development of solar parks and ultra mega solar power projects, development of solar zones in the country and roof top solar projects," Minister f...

    08 Dec 2016, 12.56 pm  |  Source: PTI

  • First Demonetisation Committee meet to focus on digital payments

    First Demonetisation Committee meet to focus on digital payments   

    The committee, headed by Andhra Pradesh Chief Minister Chandrababu Naidu comprises of other Chief ministers, NITI Aayog Chief Amitabh Kant and banking experts like Arundhati Bhattacharya. RBI Governor Urjit Patel will be presiding...

    08 Dec 2016, 12.55 pm  |  Source: CNBC-TV18

  • Govt to waive service tax on card transactions up to Rs 2,000

    Govt to waive service tax on card transactions up to Rs 2,000  

    The government has decided to "exempt services by an acquiring bank to any person in relation to settlement of an amount up to Rs 2,000 in a single transaction transacted trough credit, debit card or other payment card service", s...

    08 Dec 2016, 12.22 pm  |  Source: PTI

  • India scraps import duty on wheat: Government source

    India scraps import duty on wheat: Government source   

    Private importers have purchased about 500,000 tonnes of wheat, largely from Australia, in the past month.

    08 Dec 2016, 12.17 pm  |  Source: Reuters

  • Growth hit may be little more than RBI`s estimate: Nomura

    Growth hit may be little more than RBI's estimate: Nomura   

    Sonal Varma of Nomura and Ravikant Bhat of IDBI Capital believe that RBI's move to keep key rates unchanged was fair given that it did not see inflation going down at the moment.

    08 Dec 2016, 9.35 am  |  Source: CNBC-TV18

  • India in talks with Russia to swap natural gas with China

    India in talks with Russia to swap natural gas with China  

    The two nations had in October signed an initial pact for building a 4,500 km to 6,000 km long pipeline from Siberia to the world's third biggest energy consuming nation.

    08 Dec 2016, 9.00 am  |  Source: PTI

  • Pulses import at 27.48 lakh tonnes in April-October

    Pulses import at 27.48 lakh tonnes in April-October  

    Total imports of pulses by private sector and the government agencies stood at 27,48,473 tonnes, Minister of State for Food and Consumer Affairs C R Chaudhary said in a written reply to the Lok Sabha.

    08 Dec 2016, 9.00 am  |  Source: PTI

  • Demonetisation to boost growth in long run; pain transitory:FM

    Demonetisation to boost growth in long run; pain transitory:FM  

    Addressing domestic and global investors in the petrochemical industry, he said that Indian economy in the long term is headed for a "very major major change" and policy makers in India do not shy away even from taking a very diff...

    08 Dec 2016, 8.58 am  |  Source: PTI

  • Farm income can`t be `escape route` for black money: Par panel

    Farm income can't be 'escape route' for black money: Par panel  

    It said farm income should not become an escape route for unaccounted money holders in the wake of recent demonetisation action on old Rs 500/1,000 notes as well as changes in tax laws, and government need to be vigilant to curb s...

    08 Dec 2016, 7.52 am  |  Source: PTI

  • Cabinet gives approval for phase I of Pune Metro project

    Cabinet gives approval for phase I of Pune Metro project  

    It comprises two corridors -- Pimpri Chinchwad Municipal Corporation (PCMC)- Swargate covering length of 16.589 km and Vanaz to Ramwadi with a length of 14.665 km.

    08 Dec 2016, 7.52 am  |  Source: PTI

  • Remove doubts about GDP data, follow global norms: Par panel

    Remove doubts about GDP data, follow global norms: Par panel  

    The Committee found that the latest GDP data released by the Central Statistical Office (CSO) had raised more questions than providing answers and inputs on the momentum of economic activities across the country, it added.

    08 Dec 2016, 7.52 am  |  Source: PTI

  • NITI Aayog`s mandate must be defined clearly:Parliamentary panel

    NITI Aayog's mandate must be defined clearly:Parliamentary panel  

    The Committee had observed that role and responsibilities of the erstwhile Planning Commission, wherever found relevant and useful, could be gainfully institutionalised with greater result orientation.

    08 Dec 2016, 7.52 am  |  Source: PTI

  • Indo-China border trade to resume from May 1

    Indo-China border trade to resume from May 1  

    A formal closing function was held at Nathula Pass attended by officials from the Department of Commerce and Industries, officials from Central agencies such as Indian Customs, ITBP and Immigration and stake-holders.

    08 Dec 2016, 7.52 am  |  Source: PTI

  • Farmers dump tonnes of tomatoes on road in Chhattisgarh

    Farmers dump tonnes of tomatoes on road in Chhattisgarh  

    The farmers alleged the "syndicate" of local middlemen and traders was not ready to purchase tomatoes even at 50 paise per kg.

    07 Dec 2016, 9.52 pm  |  Source: PTI

  • Seeing considerable decrease in Jan Dhan deposits: CBDT

    Seeing considerable decrease in Jan Dhan deposits: CBDT   

    The CBDT on Wednesday released some numbers on the deposits made into such accounts stating that average per account Jan Dhan deposit stood at Rs 13,113 between November 8 and December 2.

    07 Dec 2016, 9.36 pm  |  Source: CNBC-TV18

  • GST jurisdiction a difficult issue, hopeful of Apr roll-out: FM

    GST jurisdiction a difficult issue, hopeful of Apr roll-out: FM  

    Pinning hopes on quick resolution of the "difficult issue" of tax jurisdiction with states, Finance Minister Arun Jaitley today said that Goods and Services Tax regime will be rolled out from April next year.

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • 3.6 cr farmers take insurance cover of Rs 1.41 lakh cr so far

    3.6 cr farmers take insurance cover of Rs 1.41 lakh cr so far  

    About 3.6 crore farmers have taken the crop insurance policy for a sum insured of Rs 1.41 lakh crore so far in 2016-17 crop year, the government said today and expressed confidence that it would meet the target of 30 per cent cove...

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • Note ban has no automatic impact on RBI balance sheet: Patel

    Note ban has no automatic impact on RBI balance sheet: Patel  

    Reserve Bank Governor Urjit Patel today said it would not have any automatic impact on the central bank's balance sheet, putting credence to the view of many analysts that government may not make any windfall from the demonetisat...

    07 Dec 2016, 8.54 pm  |  Source: PTI

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