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Budget 2017

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Economy

  • Notes ban: I-T writes to RBI; says co-op banks` cash records

    Notes ban: I-T writes to RBI; says co-op banks' cash records  

    In an analysis report prepared by the department, also accessed by PTI, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported b...

    19 Jan 2017, 2.16 pm  |  Source: PTI

  • India, Egypt to enhance ties in various fields this year: Envoy

    India, Egypt to enhance ties in various fields this year: Envoy  

    "2017 will be very exciting because we are starting on a very strong base of the interactions in 2016," India's Ambassador to Egypt Sanjay Bhattacharyya told PTI.

    19 Jan 2017, 1.30 pm  |  Source: PTI

  • Globalisation set for `new normal`, India in sweet spot: Kamath

    Globalisation set for 'new normal', India in sweet spot: Kamath  

    On debate at WEF here on future of globalisation and opportunities for China and India, Kamath said, "If you look at just China and India, they contribute two-thirds of the incremental global growth. Any dialogue on globalisation ...

    19 Jan 2017, 1.22 pm  |  Source: PTI

  • NABARD projects Rs 1,28,199.38 crore credit potential for Kerala

    NABARD projects Rs 1,28,199.38 crore credit potential for Kerala  

    According to the 'State Focus Paper,' released by Chief Minister Pinarayi Vijayan in the State Credit Seminar organised by NABARD here last evening, the credit potential for the year 2017-18 is an increase of 7.38 per cent over th...

    19 Jan 2017, 1.10 pm  |  Source: PTI

  • Nitin Gadkari promises to make India`s own Davos

    Nitin Gadkari promises to make India's own Davos  

    "Along with that, there is Pittoragarh where we are building a road for Mansarovar and we are taking Australian machines through MIG-17 and some work is already done, about 50 per cent. That place has got temperature of about minu...

    19 Jan 2017, 12.52 pm  |  Source: PTI

  • Sales of top 10 auto brands unfazed by demonetisation

    Sales of top 10 auto brands unfazed by demonetisation  

    As automobile industry came to terms with the aftereffects of demonetisation, 10 passenger car brands including the likes of Maruti Suzuki’s Swift, Hyundai's Grand i10 and Renault's Kwid showed resilience in November and Decembe...

    19 Jan 2017, 12.46 pm  |  Source: Moneycontrol.com

  • Budget 2017: FM Arun Jaitley to halve cess on domestic crude oil

    Budget 2017: FM Arun Jaitley to halve cess on domestic crude oil  

    Rising crude oil prices may prompt the finance ministry to cut the 20 percent ad valorem levy to about 10 percent; move will help prevent costly crude pushing up retail petrol and diesel prices

    19 Jan 2017, 12.10 pm  |  Source: Moneycontrol.com

  • Road ministry may have a say in your motor insurance premium

    Road ministry may have a say in your motor insurance premium  

    While this would mean good news for customers since the ministry is likely to not suggest big hikes in premiums payable, insurers may hike price of comprehensive motor covers to cover losses.

    19 Jan 2017, 11.45 am  |  Source: Moneycontrol.com

  • `GST will benefit Kerala with at least 20% tax revenue increase`

    'GST will benefit Kerala with at least 20% tax revenue increase'  

    "GST, which is a destination based tax, will increase the tax revenue of a consumer state like Kerala and also will make business more transparent. The new tax system would also end corruption to a great extent," he told reporters...

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Cabinet apprised of Indo-Japan MoU on cooperation in outer space

    Cabinet apprised of Indo-Japan MoU on cooperation in outer space  

    The MoU was signed by Indian Space Research Organisation (ISRO) and the Japanese Aerospace Exploration Agency (JAXA) during Prime Minister Narendra Modi's visit to Tokyo.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Govt okays India-UAE pact on maritime

    Govt okays India-UAE pact on maritime  

    The nod to the MoU between India and the United Arab Emirates on the Mutual Recognition of Certificates of Competency is as per the provisions of the Standards of Training, Certification and Watch keeping (STCW, 78) and amendments...

    19 Jan 2017, 9.04 am  |  Source: PTI

  • Taxmen probing bank deposits over Rs 10 lakh made since Nov 8

    Taxmen probing bank deposits over Rs 10 lakh made since Nov 8  

    The country’s apex tax authority, Central Board of Direct Taxes, has set up an e-platform to reach out to those who have crossed this threshold and find out the source of the money,

    19 Jan 2017, 8.59 am  |  Source: Moneycontrol.com

  • Railway Ministry plans Rs 1.3 lakh crore capex for FY18

    Railway Ministry plans Rs 1.3 lakh crore capex for FY18  

    In its highest-ever capital expense, the Railway Ministry is planning a capital expenditure of about Rs 1.3 lakh crore and is expecting a gross budgetary support of Rs 55,000 crore (GBS) for the fiscal year 2017-18.

    19 Jan 2017, 8.42 am  |  Source: Moneycontrol.com

  • RBI Governor faces tough questions on demonetisation

    RBI Governor faces tough questions on demonetisation   

    RBI Governor Urjit Patel today faced some tough questions from MPs as he could not set a time frame for return of normalcy in the banking system even as the central bank asserted that Rs 9.2 lakh crore or 60 percent of demonetised...

    19 Jan 2017, 7.32 am  |  Source: PTI

  • India `very friendly` place to invest amid uncertainties

    India 'very friendly' place to invest amid uncertainties  

    With the message of being a "very friendly" investment destination, India today sought to woo foreign investors at the WEF annual meet where leaders pored over the benefits of globalisation amid concerns over the impact of automat...

    18 Jan 2017, 10.14 pm  |  Source: PTI

  • FDI worth $1.77 bn in renewables from Apr-2014 to Sept-2016

    FDI worth $1.77 bn in renewables from Apr-2014 to Sept-2016  

    Government today said India received USD 1.77 billion foreign direct investment (FDI) in non-conventional energy sector from April 2014 to September 2016.

    18 Jan 2017, 9.58 pm  |  Source: PTI

  • CoalMin to move Cabinet soon for fuel linkages to power sector

    CoalMin to move Cabinet soon for fuel linkages to power sector  

    The coal ministry will soon seek the Cabinet's approval for the auction of coal linkages for the power sector.

    18 Jan 2017, 9.50 pm  |  Source: PTI

  • Budget 2017: E-payments, job creation to get a push, says Amitabh Kant

    Budget 2017: E-payments, job creation to get a push, says Amitabh Kant   

    The government will aim for an increase in consumption across the country and an uptick in the manufacturing activity, Niti Aayog chief Amitabh Kant says. For this government is going to announce many bold measures, he adds.

    18 Jan 2017, 9.40 pm  |  Source: CNBC-TV18

  • RBI has pumped in Rs 9.2 trillion of new notes

    RBI has pumped in Rs 9.2 trillion of new notes   

    The Reserve Bank of India has injected rupees 9.2 trillion ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary panel member quoted central bank go...

    18 Jan 2017, 9.22 pm  |  Source: Reuters

  • Diamond, gold, ornaments see $418 mn FDI in Apr 2014-Sept 2016

    Diamond, gold, ornaments see $418 mn FDI in Apr 2014-Sept 2016  

    India has attracted USD 418 million foreign direct investment (FDI) during April 2014 - September 2016 in diamond, gold and ornaments, the Commerce and Industry Ministry today said.

    18 Jan 2017, 9.04 pm  |  Source: PTI

  • Industry,analysts welcome listing plan of PSU general insurers

    Industry,analysts welcome listing plan of PSU general insurers  

    The general insurance industry and analysts today welcomed the government decision to take the five state-owned companies public, saying it will help unleash the value potential of the sector apart from forcing the private players...

    18 Jan 2017, 9.00 pm  |  Source: PTI

  • In first address, Patel asks staff to guard RBI reputation

    In first address, Patel asks staff to guard RBI reputation  

    In his first address to the staff after taking over as the 24th Governor on September 4, 2016, Patel, in an email, said the RBI has achieved the excellence only because of the collective efforts of its employees.

    18 Jan 2017, 8.48 pm  |  Source: PTI

  • Govt gets 45 proposals under UDAN;first flight likely in March

    Govt gets 45 proposals under UDAN;first flight likely in March  

    The scheme UDAN (Ude Desh Ke Aam Naagrik), which seeks to boost regional air connectivity, provides for various incentives to airlines with fares for one-hour flights capped at Rs 2,500.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • Business travel likely to triple to $93 bn by 2030: Report

    Business travel likely to triple to $93 bn by 2030: Report  

    With business travel rapidly evolving, India is poised to lead this growth and spending in this category is expected to treble to USD 93 billion by 2030 from the present levels.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • Manmohan Singh saves Patel from grilling

    Manmohan Singh saves Patel from grilling  

    Reserve Bank Governor Urjit Patel today escaped possible grilling by a parliamentary committee over the demonetisation issue but for the intervention of former Prime Minister Manmohan Singh.

    18 Jan 2017, 7.38 pm  |  Source: PTI

  • `India key market for global retailers despite policy hurdles`

    'India key market for global retailers despite policy hurdles'  

    Policy hurdles and other operational challenges notwithstanding, global retailers still consider India as one of their key markets as its growth has surpassed most other economies, said a report by Deloitte.

    18 Jan 2017, 7.10 pm  |  Source: PTI

  • Budget 2017: Shot in the arm for real estate sector?

    Budget 2017: Shot in the arm for real estate sector?  

    The recent demonetization and proposed amendment to Benami Properties Act seems to have added to the woes of the industry in the short term with a slack in housing and office space demands. However, there are hopes of these yieldi...

    18 Jan 2017, 6.37 pm  |  Source: Moneycontrol.com

  • Talks with govt on demonetisation began early 2016: Urjit Patel

    Talks with govt on demonetisation began early 2016: Urjit Patel  

    Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.

    18 Jan 2017, 5.20 pm  |  Source: PTI

  • Spicing up masala bonds to attract investors

    Spicing up masala bonds to attract investors  

    Masala bonds have offered much needed relief to India Inc. seeing foreign debt for their businesses. Being rupee-denominated, masala bonds offer India Inc. the unique advantage of not being subject to foreign exchange fluctuation ...

    18 Jan 2017, 4.41 pm  |  Source: Moneycontrol.com

  • See potential in India; growth to improve after small dip: NDB

    See potential in India; growth to improve after small dip: NDB   

    If bond yields drop by even a percent, it may lead to profits of more than Rs 150,000 crore for the banking system. This could help them transfer these profits by reducing lending rates and help the economy make a come back.

    18 Jan 2017, 4.00 pm  |  Source: CNBC-TV18

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