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moneycontrol.com

Economy

  • Govt hopes to pass GST bill in upcoming  Parliament session: Min

    Govt hopes to pass GST bill in upcoming Parliament session: Min  

    Investors have billed the proposed GST as a "silver bullet" for India's economy that would replace multiple federal and state levies - a chaotic structure that inflates costs for businesses.

    29 Jun 2016, 1.05 pm  |  Source: Reuters

  • Salary increments will likely boost bank deposits: SBI

    Salary increments will likely boost bank deposits: SBI  

    Inflation, on the other hand, might rise in the near-term, but there are no worries over the long-term, says Soumya Kanti Ghosh, Chief Economic Advisor at SBI.

    29 Jun 2016, 1.01 pm  |  Source: CNBC-TV18

  • Cabinet clears recommendations of 7th Pay Commission

    Cabinet clears recommendations of 7th Pay Commission  

    The pay panel, in November last year, had recommended a 14.27 percent hike in basic pay at junior levels -- the lowest in 70 years. The previous 6th Pay Commission had recommended a 20 percent hike, which the government doubled wh...

    29 Jun 2016, 12.54 pm  |  Source: PTI

  • India offers to buy tur dal from Mozambique at MSP plus cost

    India offers to buy tur dal from Mozambique at MSP plus cost  

    Pulse prices in domestic markets are retailing as high as Rs 198 per kg due to shortfall in the local output in the wake of two consecutive droughts.

    29 Jun 2016, 12.14 pm  |  Source: PTI

  • Cabinet clears new mining policy, paves way for auctions

    Cabinet clears new mining policy, paves way for auctions   

    The policy boosts mineral exploration by private companies, unlike earlier, by allowing them to bid for mineral blocks, reports Anshu Sharma of CNBC-TV18.

    29 Jun 2016, 12.11 pm  |  Source: Moneycontrol.com

  • 7th Pay Commission cleared: A look at the facts & numbers

    7th Pay Commission cleared: A look at the facts & numbers  

    The Union Cabinet on Wednesday cleared the 7th Pay Commission recommendations. The report had suggested a 15 percent hike in base salaries of government employees. The report was finalized by the Empowered Committee of Secretaries...

    29 Jun 2016, 12.02 pm  |  Source: Moneycontrol.com

  • Cabinet likely to take up mineral exploration policy today

    Cabinet likely to take up mineral exploration policy today   

    If implemented, the policy will boost india's mining potential, reports CNBC-TV18's Anshu Sharma.

    29 Jun 2016, 10.54 am  |  Source: Moneycontrol.com

  • Govt to announce hybrid instruments for FDI next month

    Govt to announce hybrid instruments for FDI next month  

    Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.

    29 Jun 2016, 9.42 am  |  Source: PTI

  • Banks` gross NPAs may worsen to 9.3% by March: FSR

    Banks' gross NPAs may worsen to 9.3% by March: FSR  

    "Gross NPAs of banks' sharply increased to 7.6 percent of gross advances from 5.1 percent between September 2015 and March 2016 after asset quality review," according to the Financial Stability Report (FSR) released by RBI.

    29 Jun 2016, 9.38 am  |  Source: PTI

  • SmartCity Kochi to be fully operational by 2021:Pinarayi Vijayan

    SmartCity Kochi to be fully operational by 2021:Pinarayi Vijayan  

    The project is being developed by Smart City (Kochi) Infrastructure Pvt Ltd, a joint venture formed to develop the project. Kerala government and TECOM Investments, a subsidiary of Dubai Holding, are the main investors in the comp...

    29 Jun 2016, 9.36 am  |  Source: PTI

  • Raghuram Rajan went with majority view on policy rate on June 7

    Raghuram Rajan went with majority view on policy rate on June 7  

    As per the summary of electronic consultation with the Technical Advisory Committee (TAC) released by RBI, three of the five external members recommended no change in policy rates.

    29 Jun 2016, 9.36 am  |  Source: PTI

  • India`s garment exports may hit $20 bn in FY17

    India's garment exports may hit $20 bn in FY17  

    The Union Cabinet last week approved a Rs 6,000 crore package for textiles and apparel sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion with an eye on USD 30 billion in expor...

    29 Jun 2016, 8.52 am  |  Source: PTI

  • Coal imports decline by 5% in April-May

    Coal imports decline by 5% in April-May  

    The imports in April-May of the last fiscal were 37.72 million tonnes (MT), Coal Secretary Anil Swarup said in a tweet.

    29 Jun 2016, 8.50 am  |  Source: PTI

  • N S Vishwanathan appointed RBI Deputy Governor

    N S Vishwanathan appointed RBI Deputy Governor  

    Vishwanathan, currently Executive Director at the central bank, was chosen by a search committee headed by Cabinet Secretary. This is the first appointment done through this high-level panel.

    29 Jun 2016, 7.58 am  |  Source: PTI

  • Odisha reduces VAT on pulses to 1%

    Odisha reduces VAT on pulses to 1%  

    "The objective behind the reduction of VAT on pulses of all kinds is to control the prices in the market and also to avoid strikes by traders," Chief Secretary A P Padhi told reporters.

    29 Jun 2016, 7.56 am  |  Source: PTI

  • Declare undisclosed income by September 30: IT Dept in Pune

    Declare undisclosed income by September 30: IT Dept in Pune  

    "The Prime Minister has already appealed in his radio program 'Maan ki Baat' on Sunday...I too would like to appeal the people to declare their undisclosed income and assets before September 30," Commissioner of Income Tax D S Ben...

    29 Jun 2016, 6.48 am  |  Source: PTI

  • No threat of systemic risk from housing sector: RBI Report

    No threat of systemic risk from housing sector: RBI Report  

    Rise in home prices "moderating significantly" in 2015-16 and there is no threat of any systemic risk from the housing sector with the gross NPAs among retail loans being contained, the RBI said on June 28

    28 Jun 2016, 10.08 pm  |  Source: PTI

  • Majority of RBI committee suggested no rate cuts at June review

    Majority of RBI committee suggested no rate cuts at June review  

    The three members said the RBI should wait for inflation to ease further, monitor the progress of monsoon rains and get further clarity on the U.S. Federal Reserve's actions -- arguments Rajan also put forward in deciding to leave...

    28 Jun 2016, 9.57 pm  |  Source: Reuters

  • Better monsoon to reduce price pressure in pulses: Study

    Better monsoon to reduce price pressure in pulses: Study  

    With pulses inflation high at 34 percent, a better monsoon would reduce price pressure in lentils and in turn food inflation, a latest report has said

    28 Jun 2016, 7.44 pm  |  Source: PTI

  • Announce successor of Rajan sooner than later: Assocham

    Announce successor of Rajan sooner than later: Assocham  

    The government should announce the successor of RBI Governor Raghuram Rajan sooner than later, considering the increased global risks after Brexit, an industry body said today.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Kerala backs out of GST commitment, says Mitra

    Kerala backs out of GST commitment, says Mitra  

    Kerala has backed out of its commitment to support the Goods and Services Tax (GST) bill, Chairman of the Empowered Committee of State Finance Ministers Amit Mitra said today.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Indian economy stands out amongst emerging markets: FSR

    Indian economy stands out amongst emerging markets: FSR  

    Despite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable, a report released by Reserve Bank said on June 28

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • India`s growth may dip by 60 bps on Brexit: Morgan Stanley

    India's growth may dip by 60 bps on Brexit: Morgan Stanley  

    Brexit is likely to have an adverse impact on India's growth with domestic GDP expected to decline by up to 60 basis points in a high-stress scenario within the next two years, Morgan Stanley said in a report released on June 28

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Govt procures 1.19 lakh tonnes of pulses to cool prices

    Govt procures 1.19 lakh tonnes of pulses to cool prices  

    The government has procured 1.19 lakh tonnes of pulses so far from farmers for creating buffer stock and also contracted to import 46,000 tonnes as part of its effort to cool prices ruling as high as Rs 198 a kg

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • 53 Kerala PSUs incur loss of over Rs 800 cr

    53 Kerala PSUs incur loss of over Rs 800 cr  

    Among the loss making PSUs are Kerala State Road Transport Corporation (Rs 505.22 crore), Kerala State Cashew Development Corporation Ltd (Rs 127.95 crore) and Kerala State Civil Supplies Corporation Ltd (Rs 89.11 crore), Principa...

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Sri Lanka to fast track trade pact with India after Brexit

    Sri Lanka to fast track trade pact with India after Brexit  

    "We hope to fast track the Economic and Technical Cooperation Agreement (ETCA) with India and free trade agreement with China. We are also hoping to sign similar trade deals with Japan and South Korea," Deputy Foreign Minister Har...

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Bank GNPA rose to 7.6% from 5.1% earlier thanks to AQR

    Bank GNPA rose to 7.6% from 5.1% earlier thanks to AQR   

    Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews, a Reserve Bank of India (RBI)...

    28 Jun 2016, 5.25 pm  |  Source: Reuters

  • Expect June deficit to come down to 10-12%, says Met Dept

    Expect June deficit to come down to 10-12%, says Met Dept   

    There are chances that Jharkhand and Chhattisgarh can get more rains and catchment areas of the Western Ghats may get rains in next 2-3 days, says, Bishwajit Mukhopadhyay, Additional Director General of Meteorological Department. ...

    28 Jun 2016, 5.01 pm  |  Source: CNBC-TV18

  • Merging state banks is easier said than done: Moody`s report

    Merging state banks is easier said than done: Moody's report  

    SBI consolidation is going to bring down the number of PSU banks from 27 to 21. The government aims to bring this number down to below 10. But the task of consolidation is not easier, finds a Moody's report.

    28 Jun 2016, 4.52 pm  |  Source: Moneycontrol.com

  • Black money scheme can be a success on govt push: Taxsutra

    Black money scheme can be a success on govt push: Taxsutra   

    The new clarifications show the government’s seriousness about bringing black money back and this boosts the chances of the scheme's success, Arun Anandagiri of Taxsutra.com told CNBC-TV18.

    28 Jun 2016, 4.41 pm  |  Source: CNBC-TV18

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