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Economy

  • Concerned MHA tells officers to use 50 per cent budget by Sep

    Concerned MHA tells officers to use 50 per cent budget by Sep  

    Concerned over slow spending, Union Home Minister Rajnath Singh today asked officers of his ministry to ensure utilisation of 50 per cent of over Rs 75,000 crore budget by next-month end.

    30 Aug 2016, 8.50 pm  |  Source: PTI

  • Global climate must be supportive for double-digit growth: FM

    Global climate must be supportive for double-digit growth: FM   

    Globally, India has been tested a lot on the appetite for reforms and the unanimous passage of the Goods and Services Tax (GST) Amendment Bill has amply answered that, said Finance Minister Arun Jaitley speaking at the 11th editio...

    30 Aug 2016, 8.30 pm  |  Source: CNBC-TV18

  • Hashmukh Adhia flags concerns over India Inc`s readiness for GST

    Hashmukh Adhia flags concerns over India Inc's readiness for GST  

    In CNBC-TV18's India Business Leader Awards (IBLA) event, Revenue Secretary Hasmukh Adhia, Finance Secretary Shaktikanta Das, Chief Economic Advisor Arvind Subramanian and Finance Secretary Ashok Lavasa expressed there opinions ab...

    30 Aug 2016, 7.40 pm  |  Source: CNBC-TV18

  • Industry pitches for 18% GST, exemptions for e-comm players

    Industry pitches for 18% GST, exemptions for e-comm players  

    India Inc demanded relaxation in penal provisions while admitting that April 1, 2017, deadline will be tough as they need sufficient time to put in place the IT infrastructure.

    30 Aug 2016, 7.40 pm  |  Source: PTI

  • Sikkim Assembly ratifies GST Bill

    Sikkim Assembly ratifies GST Bill  

    Eleven states -- Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra and Nagaland, have already ratified the Bill.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Indian economy to grow at 7.8% in 2016-17: Survey

    Indian economy to grow at 7.8% in 2016-17: Survey  

    Releasing the latest survey, Ficci said there has been a "marginal improvement" in growth estimate for 2016-17 as against the previous round and "this comes at the back of better performance of the agriculture and industry sector"...

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Corporate borrowing costs see greater fall than home loans: RBI

    Corporate borrowing costs see greater fall than home loans: RBI  

    With banks turning stingy in passing on RBI's rate cuts to consumers, rate of home loans has fallen by only 0.26 percentage point since 2015, but corporates have managed to bring down their borrowing cost by 1.44 percentage point ...

    30 Aug 2016, 6.30 pm  |  Source: PTI

  • GST, reforms to boost India`s growth: Jaitley to US CEOs

    GST, reforms to boost India's growth: Jaitley to US CEOs   

    In his meeting with the members of the visiting US CEOs Forum, Jaitley said the trade between the two nations will get a boost due to business-to-business, business-to-government and government-to-government interaction.

    30 Aug 2016, 6.22 pm  |  Source: PTI

  • FIPB clears six FDI proposals worth Rs 105 cr

    FIPB clears six FDI proposals worth Rs 105 cr  

    The inter-ministerial body FIPB today cleared six foreign investment proposals worth Rs 105 crore.

    30 Aug 2016, 6.14 pm  |  Source: PTI

  • `Goods in 6 manufacturing sectors face inverted Customs duty`

    'Goods in 6 manufacturing sectors face inverted Customs duty'  

    According to the findings, inverted duty structure exists for products like blow-moulding machines, pressure vessels, parts of heat exchangers and nuclear reactors, boilers, their components and the like.

    30 Aug 2016, 6.14 pm  |  Source: PTI

  • Onion growers in Maharashtra to get Rs 100 per quintal

    Onion growers in Maharashtra to get Rs 100 per quintal  

    In a relief to onion growers in Maharashtra after prices of the crop fell to a record low, the state government today decided to provide grant of Rs 100 per quintal to these farmers.

    30 Aug 2016, 5.00 pm  |  Source: PTI

  • Industry demands 18% GST rate, says Apr `17 deadline difficult

    Industry demands 18% GST rate, says Apr '17 deadline difficult  

    Industry today pitched for 18 percent GST rate, saying it would generate adequate tax buoyancy without fuelling inflation and also demanded relaxation in the penal provisions.

    30 Aug 2016, 5.00 pm  |  Source: PTI

  • India invites US investments under Make In India scheme

    India invites US investments under Make In India scheme  

    Speaking at the US-India CEO Forum, which was attended by US Secretary of Commerce Penny Pritzker and several top Indian industrialists, Commerce Minister Nirmala Sitharaman invited the American investment to the country.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • Mizoram Assembly ratifies GST

    Mizoram Assembly ratifies GST  

    The state legislature unanimously adopted the official resolution moved by Finance and Taxation Minister Lalsawta after deliberations on the first day of the Assembly.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • Telangana Legislature ratifies GST Bill

    Telangana Legislature ratifies GST Bill  

    Both Houses of the Legislature met for a special one-day session to approve the Constitution (122nd Amendment) (Goods and Services Tax) Bill, passed by Parliament earlier this month.

    30 Aug 2016, 4.10 pm  |  Source: PTI

  • Corn in India firms up on supply crunch, rise in demand: USGC

    Corn in India firms up on supply crunch, rise in demand: USGC  

    "Prices seem to move up as the supply crunch is being felt and demand atlas in some pockets is being seen," USGC Representative for India, Bangladesh and Sri Lanka, Amit Sachdev said here.

    30 Aug 2016, 3.40 pm  |  Source: PTI

  • Auto industry to grow to Rs 20 lakh cr in 10 yrs: Nitin Gadkari

    Auto industry to grow to Rs 20 lakh cr in 10 yrs: Nitin Gadkari  

    "Automobile industry, which is of Rs 4.5 lakh crore at present, we will take it to Rs 20 lakh crore in 10 years. It has the potential to become number one in the world," Road Transport and Highways Minister said while addressing t...

    30 Aug 2016, 3.30 pm  |  Source: PTI

  • Need to provide more capital to PSBs to deal with NPAs: RBI

    Need to provide more capital to PSBs to deal with NPAs: RBI  

    Last month, the government injected Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth, which hit a two-decade low, to shore up cash-strapped public sector banks.

    30 Aug 2016, 3.28 pm  |  Source: PTI

  • Everything is not `hunky-dory` in retail lending: RBI

    Everything is not 'hunky-dory' in retail lending: RBI  

    "If you look at the credit growth you do see that there is more growth in private sector as opposed to the public sector banks and then you have problem of the public sector banks also going for retail. It is not necessary that ev...

    30 Aug 2016, 3.28 pm  |  Source: PTI

  • Now or Never - India CEO Outlook 2016: KPMG

    Now or Never - India CEO Outlook 2016: KPMG  

    The report is based on the concerns of 125 Indian CEOs and reveals that most CEOs are now facing issues that they have never encountered before, even though the majority believe in fostering innovation, adapting to new technologie...

    30 Aug 2016, 3.12 pm  |  Source: Moneycontrol.com

  • Fifth tranche of Sovereign Gold Bonds from September 1

    Fifth tranche of Sovereign Gold Bonds from September 1  

    "Applications for the bonds will be accepted from September 01, 2016 to September 09, 2016. The Bonds will be issued on September 23, 2016," the Finance Ministry said in a statement.

    30 Aug 2016, 3.08 pm  |  Source: PTI

  • Telangana govt`s `Mission Kakatiya` to get funding boost

    Telangana govt's 'Mission Kakatiya' to get funding boost  

    NABARD had already provided a loan of Rs 725 crore to MK, and would now extend another Rs 1,000 crore in phases, the official from the Irrigation department said.

    30 Aug 2016, 3.08 pm  |  Source: PTI

  • India should focus on low-end manufacturing: Chinese media

    India should focus on low-end manufacturing: Chinese media  

    "China lifted millions of people out of poverty in the last three decades by focusing on developing its own manufacturing industry", an article in the state-run Global Times said.

    30 Aug 2016, 2.56 pm  |  Source: PTI

  • E-commerce companies demand exemption from GST

    E-commerce companies demand exemption from GST  

    At the first meeting of the Empowered Committee of State Finance Ministers held after the Parliament approved the GST Bill, online retailers said they only provide a 'platform' to vendors and customers and do not make money out of...

    30 Aug 2016, 2.52 pm  |  Source: PTI

  • SBI Chair: How RBI`s new bond rules will transform banking

    SBI Chair: How RBI's new bond rules will transform banking   

    In an interview with CNBC-TV18, Arundhati Bhattacharya, Chairman, State Bank of India, talked about the Reserve Bank's recent steps to deepen the corporate bond market and the impact it will have on the banking sector.

    30 Aug 2016, 2.31 pm  |  Source: CNBC-TV18

  • India, US sign logistics exchange pact to cement defence ties

    India, US sign logistics exchange pact to cement defence ties  

    Defence Minister Manohar Parrikar and US Defence Secretary Ashton Carter signed the 'Logistics Exchange Memorandum of Agreement' (LEMOA) and said it will facilitate opportunities for "practical engagement and exchange".

    30 Aug 2016, 1.08 pm  |  Source: PTI

  • RBI says focused on bringing inflation down to 4%

    RBI says focused on bringing inflation down to 4%  

    "The short-term macroeconomic priorities of the Reserve Bank continue to be to focus on bringing down inflation towards the government-set target of 4 percent," central bank Governor Raghuram Rajan wrote in the foreword to its ann...

    30 Aug 2016, 9.48 am  |  Source: Reuters

  • Urjit Patel`s policies to broadly echo Raghuram Rajan`s: Poll

    Urjit Patel's policies to broadly echo Raghuram Rajan's: Poll  

    "Urjit Patel and Raghuram Rajan share the same school of thought and they have co-signed the circulars that recommended inflation targeting," said Hemanth Raj Reddy, analyst at Cholamandalam Investment & Finance Co Ltd, a brokerag...

    30 Aug 2016, 9.47 am  |  Source: Reuters

  • Maharashtra Assembly ratifies GST Bill

    Maharashtra Assembly ratifies GST Bill  

    The proposal was passed unanimously by the Lower House, making Maharashtra the ninth state to ratify the GST bill, billed as the biggest tax reform since Independence.

    30 Aug 2016, 9.02 am  |  Source: PTI

  • Piyush Goyal bats for MIP on aluminium products

    Piyush Goyal bats for MIP on aluminium products  

    The minister suggested that the MIP should be similar to the one imposed by the government for the steel sector, which too has been grappling with similar dumping from China, Japan, and South Korea, among others.

    30 Aug 2016, 9.02 am  |  Source: PTI

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