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Economy

  • RBI acted like a section of FinMin after note ban: Union

    RBI acted like a section of FinMin after note ban: Union  

    Speaking to CNBC-TV18, RBI union secretary Samir Ghosh said it was clear that the RBI had been pushed to the sidelines post demonetization and that the government was “managing everything”.

    16 Jan 2017, 4.24 pm  |  Source: Moneycontrol.com

  • Labour intensive sectors may get easy credit flow soon

    Labour intensive sectors may get easy credit flow soon  

    Top officers from the Department of Industrial Policy and Promotion (DIPP) and Department of Financial Services among others will meet on January 23 to discuss the issue.

    16 Jan 2017, 4.12 pm  |  Source: PTI

  • TN seeks Rs 39,565 crore from Centre to tackle drought

    TN seeks Rs 39,565 crore from Centre to tackle drought  

    Panneerselvam also urged Prime Minister Narendra Modi to depute a Central team "to study the extensive damage caused to agriculture crops and to take stock of the drinking water scarcity in the state".

    16 Jan 2017, 3.48 pm  |  Source: PTI

  • BofA-ML sees fiscal deficit target of 3.5% next year

    BofA-ML sees fiscal deficit target of 3.5% next year  

    "Given that growth is stagnating at about 4.5 percent in the old GDP series, we have always believed that the Centre should relax fiscal deficit to combat a global recession that could prove to be longer than the Great Depression,...

    16 Jan 2017, 3.46 pm  |  Source: PTI

  • Budget 2017: Govt may announce measures for under-banked sections (COMMENT)

    Budget 2017: Govt may announce measures for under-banked sections (COMMENT)  

    One can foresee that the short-term impact on GDP, triggered by demonetization, and the impending elections in four states of the country, will majorly impact the policies of this year’s budget

    16 Jan 2017, 3.43 pm  |  Source: Moneycontrol.com

  • Budget 2017: Corporate tax cut likely; wary of GAAR implementation, says PwC

    Budget 2017: Corporate tax cut likely; wary of GAAR implementation, says PwC   

    Speaking to CNBC-TV18, Ketan Dalal, Senior Tax Partner at PwC India, said while the general anti-avoidance rule should not be feared as people are already familiar with the contours of it, its implementation needs to monitored clo...

    16 Jan 2017, 3.42 pm  |  Source: CNBC-TV18

  • Our banks not eyeing other insurers: Canara HSBC OBC Life

    Our banks not eyeing other insurers: Canara HSBC OBC Life  

    Anuj Mathur, CEO, Canara HSBC OBC Life Insurance told Moneycontrol in an interaction that their banks have decided that not to tie-up with other insurance companies

    16 Jan 2017, 3.29 pm  |  Source: Moneycontrol.com

  • RBI Guv to appear before PAC as scheduled on Jan 20: Thomas

    RBI Guv to appear before PAC as scheduled on Jan 20: Thomas  

    Parliament's Public Accounts Committee (PAC) had asked Patel and Finance Ministry officials to appear before the committee on January 20.

    16 Jan 2017, 3.26 pm  |  Source: PTI

  • Nirmala signals start-ups may get tax benefits in Budget

    Nirmala signals start-ups may get tax benefits in Budget  

    The ministry has already suggested the finance ministry to consider raising tax holiday for start-ups to 7 years from the current 3 years to encourage budding entrepreneurs.

    16 Jan 2017, 3.12 pm  |  Source: PTI

  • India slips to 92nd rank on global talent competitiveness

    India slips to 92nd rank on global talent competitiveness  

    Switzerland topped the overall index, followed by Singapore and the United Kingdom in second and third places respectively, in the list released today by INSEAD Produced in partnership with The Adecco Group and the Human Capital L...

    16 Jan 2017, 2.40 pm  |  Source: PTI

  • RBI lying about cash situation: SBI ex-chief Pratip Chaudhuri

    RBI lying about cash situation: SBI ex-chief Pratip Chaudhuri  

    In an interview to FIrstpost, Chaudhuri said that the central bank should have been more transparent about the whole process of demonetisation instead of "running and hiding".

    16 Jan 2017, 2.36 pm  |  Source: Moneycontrol.com

  • `India must rethink opposition to Chinese investment in Lanka`

    'India must rethink opposition to Chinese investment in Lanka'  

    "As more and more South Asian countries keep a positive attitude toward China's efforts to improve infrastructure in the region, skeptics in countries such as India should rethink their stance toward the Chinese-funded project in ...

    16 Jan 2017, 1.50 pm  |  Source: PTI

  • Limited room to reduce fiscal deficit to 3% in FY`18: Moody`s

    Limited room to reduce fiscal deficit to 3% in FY'18: Moody's  

    The credit rating agency expects the government to renew its commitment to increase capital spending and address the short-term disruptive impact of demonetisation in the Budget to be unveiled on February 1, 2017.

    16 Jan 2017, 1.34 pm  |  Source: PTI

  • Discounts make ETF attractive; expect strong upside: DIPAM Secy

    Discounts make ETF attractive; expect strong upside: DIPAM Secy   

    In an interview to CNBC-TV18 Neeraj Kumar Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) spoke about his views on Central Public Sector Enterprises Exchange Traded fund (CPSE ETF).

    16 Jan 2017, 1.27 pm  |  Source: CNBC-TV18

  • India fuel consumption to hit 200 mn tonnes in 2016/17

    India fuel consumption to hit 200 mn tonnes in 2016/17  

    "Demand for petroleum products is increasing as the economy grows. India has the best growth amongst the large economies in the world ... we have massive hunger for petroleum products," said oil ministry Additional Secretay A K Sa...

    16 Jan 2017, 12.44 pm  |  Source: Reuters

  • Dec WPI at 3.39% vs 3.15% MoM; food inflation turns negative

    Dec WPI at 3.39% vs 3.15% MoM; food inflation turns negative   

    Wholesale inflation for December came in at 3.39 percent, marginally higher than 3.15 percent in November. Numbers for October have been revised to 3.79 percent from 3.39 percent.

    16 Jan 2017, 12.43 pm  |  Source: Moneycontrol.com

  • Dec wholesale inflation marginally quickens to 3.39 percent

    Dec wholesale inflation marginally quickens to 3.39 percent  

    Demonetisation impact seen in food inflation with vegetable, fruit and poultry prices decelerating in the main trade markets and mandis following the cash crunch

    16 Jan 2017, 12.39 pm  |  Source: Moneycontrol.com

  • WPI inflation rises to 3.39% in December, but food prices cool

    WPI inflation rises to 3.39% in December, but food prices cool  

    The data compared with a 3.50 percent annual rise forecast by economists in a Reuters poll. In November, prices rose a provisional 3.15 percent.

    16 Jan 2017, 12.15 pm  |  Source: PTI

  • Budget 2017: No more delays: GAAR to kick-in from April 1, 2017

    Budget 2017: No more delays: GAAR to kick-in from April 1, 2017  

    Govt unlikely to change GAAR’s implementation date; amended CBDT rules have “grandfathered” investments made before April 1, 2017 exempting these from the anti-avoidance rule

    16 Jan 2017, 11.37 am  |  Source: Moneycontrol.com

  • Demonetisation low point past us, stability on cards: DCB chief

    Demonetisation low point past us, stability on cards: DCB chief   

    Speaking to CNBC-TV 18, Murali Natarajan, Managing Director and Chief Executive Officer of private sector lender DCB Bank Ltd, said loan growth was muted but had started to show signs of recovery.

    16 Jan 2017, 10.22 am  |  Source: Moneycontrol.com

  • You may soon be charged for more than 3 ATM withdrawals

    You may soon be charged for more than 3 ATM withdrawals  

    Currently, banks allow five free ATM transactions to their own customers every month, post which they charge a fee of Rs 20 per transactions, plus service tax and non-customers are allowed three free transactions in six top metros...

    16 Jan 2017, 9.54 am  |  Source: Moneycontrol.com

  • Govt may issue advisory to I-T dept on cash deposit scrutiny

    Govt may issue advisory to I-T dept on cash deposit scrutiny  

    The government is looking to issue an advisory to tax officials directing them to exempt investigating cash deposits below a threshold, in an attempt to curb harassment by officials probing deposits made since November 10 — acco...

    16 Jan 2017, 8.48 am  |  Source: Moneycontrol.com

  • India`s oil demand growth rate to eclipse China`s

    India's oil demand growth rate to eclipse China's  

    LPG and transport fuels demand will rise, while new petrochemical projects would a boon for naphtha demand.

    16 Jan 2017, 8.40 am  |  Source: PTI

  • Philip Morris hit by proposal to ban tobacco investment in India

    Philip Morris hit by proposal to ban tobacco investment in India  

    In previously unreported letters from Philip Morris to the trade minister and an influential government think-tank, the U.S.-based company said the "discriminatory" and "protectionist" proposals would represent a blow to its plans...

    16 Jan 2017, 8.29 am  |  Source: Reuters

  • 2016 saw highest number of Demat accounts opened in 8 years

    2016 saw highest number of Demat accounts opened in 8 years  

    A string of initial public offerings and increased demand for mutual funds attracted 2.4 million new investors to financial assets, according to a report in Livemint.

    16 Jan 2017, 8.03 am  |  Source: Moneycontrol.com

  • Co-op sector must promote use of digital currency: Radha Mohan

    Co-op sector must promote use of digital currency: Radha Mohan  

    "It is my humble advice to all the cooperative institutions to ensure its contribution in the overall development of the society by adopting modern technology and systems," Singh said.

    16 Jan 2017, 7.54 am  |  Source: PTI

  • Demonetisation shows `boldness` of Modi: French minister

    Demonetisation shows 'boldness' of Modi: French minister  

    France has appreciated demonetisation in India, terming it as a "bold" decision which "shows how determined" Prime Minister Narendra Modi is to combat tax evasion, corruption and black money.

    15 Jan 2017, 5.00 pm  |  Source: PTI

  • `Note ban debate similar to Indira era rich vs poor discourse`

    'Note ban debate similar to Indira era rich vs poor discourse'  

    Ruing that the debate on corruption against the backdrop of demonetisation is a throwback to "bad old days" of rich versus poor discourse under Indira Gandhi, CII President Naushad Forbes said wealth and dishonesty should be d...

    15 Jan 2017, 2.20 pm  |  Source: PTI

  • Jaitley looks to break deadlock at GST meeting on Monday

    Jaitley looks to break deadlock at GST meeting on Monday  

    Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

    15 Jan 2017, 12.42 pm  |  Source: PTI

  • If reforms follow, demonetisation is a winner: Surjit Bhalla

    If reforms follow, demonetisation is a winner: Surjit Bhalla  

    Noted economist Surjit Bhalla today came out in support of the government's demonetisation move and expressed hope that it would lead to much-needed reforms.

    15 Jan 2017, 10.38 am  |  Source: PTI

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