The government can lower tax rates if people pay their dues sincerely, Union Power Minister Piyush Goyal said today.
24 Feb 2017, 10.14 pm | Source: PTI
Non-performing assets (NPAs) of banks have shot up to 9.5 percent in the third quarter of this fiscal from 9.1 percent in the previous and 8.5 percent in the March quarter.
24 Feb 2017, 9.56 pm | Source: CNBC-TV18
Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.
24 Feb 2017, 5.32 pm | Source: PTI
Another banking sector fraud with “Children Bank of India” substituting the Reserve Bank of India in the fake 2000 rupee notes dispensed by a State Bank of India ATM, has raised concerns over banks’ cash outsourcing services...
24 Feb 2017, 4.15 pm | Source: Moneycontrol.com
India, the world's third-biggest greenhouse gas emitter, has set a target of raising its renewable energy generation to 175 gigawatt by 2022, around five times current usage, to supply power to its 1.3 billion people and fight cli...
24 Feb 2017, 3.36 pm | Source: Reuters
"Industrial sector faces constraints from subdued domestic demand and weak, uncertain external demand on one hand and financing constraints, rising input prices and stalled projects on the other hand," D&B said in a report.
24 Feb 2017, 3.34 pm | Source: PTI
The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.
24 Feb 2017, 3.12 pm | Source: PTI
"You've heard about so-called 'helicopter drops' of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as a vacuum cleaner," Paul A Cashin, Assistant Director in the IMF's Asi...
24 Feb 2017, 3.04 pm | Source: PTI
In the recent monetary policy meeting conducted on February 8, RBI Governor Urjit Patel said that one of the main reasons for not cutting the policy interest rates is core inflation being sticky.
24 Feb 2017, 2.30 pm | Source: PTI
"That's why we think India will be, I'm not going to say immune, but less affected than other emerging economies if there's a further shock to the global economy, including a general global slowdown," Cashin said.
24 Feb 2017, 1.20 pm | Source: PTI
Modi's announcement on November 8 ordering the removal of 500-rupee and 1,000-rupee notes took out around 86 percent of the currency in circulation, putting activity on the skids in a predominantly cash-reliant economy.
24 Feb 2017, 1.18 pm | Source: Reuters
The country's banks have significant asset-quality problems that are putting pressure on profitability and capital, as well as constraining their ability to lend, the ratings agency said.
24 Feb 2017, 11.54 am | Source: PTI
Four British MPs have asked the UK government to make strengthening trade ties with India a priority in the post-Brexit era.
23 Feb 2017, 10.10 pm | Source: PTI
India has submitted a proposal at the World Trade Organisation (WTO) to start discussions on trade facilitation agreement in services.
23 Feb 2017, 9.44 pm | Source: PTI
India will be the fastest growing economy among G-20 countries clocking a 7.1 per cent growth in 2017, Moody's Investors Service said today.
23 Feb 2017, 9.10 pm | Source: PTI
Speaking to CNBC-TV18, Neeraj Gupta said that investors are willing to invest in success story of public sector undertaking (PSU) companies and the high demand in the PSU equity is a healthy trend.
23 Feb 2017, 7.18 pm | Source: CNBC-TV18
The Finance Ministry today launched a mobile app for Goods and Services Tax so as to provide updates to taxpayers on the new tax regime which is to be rolled out from July 1.
23 Feb 2017, 7.14 pm | Source: PTI
Goods and Services Tax (GST), the all-subversive tax reform which was promised will bring seamless movement of goods across states into reality has got the first chink in its armour in the form of e-permit. The centre, as a result...
23 Feb 2017, 5.25 pm | Source: Moneycontrol.com
State-owned Canara Bank has invited bids to sell 13.45 percent stake in its housing finance arm Can Fin Homes, to reduce its shareholding to 30 percent as per the government diktat.
23 Feb 2017, 5.24 pm | Source: Moneycontrol.com
The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.
23 Feb 2017, 5.14 pm | Source: PTI
Housing finance companies (HFCs) are elated with the Securities and Exchange Board of India’s move to hike the investment limit for debt mutual funds to 15% from 10% earlier.
23 Feb 2017, 5.08 pm | Source: Moneycontrol.com
Both RBI and the government had tried various ways to reduce bad loans in order to enthuse banks to lend more and the private sector to start investing, but with little success. In fact, the delay has caused more debtors joining t...
23 Feb 2017, 4.28 pm | Source: Moneycontrol.com
The industry body had been pursuing with the government for zero duty on ferro nickel and stainless steel scrap and duty increase on stainless steel finished flat products.
23 Feb 2017, 3.36 pm | Source: PTI
Ahead of merger, State Bank of India (SBI) has called upon retired officers to become concurrent auditors with the bank to oversee compliance and risks under loans and operational activities.
23 Feb 2017, 3.33 pm | Source: Moneycontrol.com
"The Government of India and Sikkim signed a memorandum of understanding (MoU) under the Scheme Ujwal Discom Assurance Yojana (UDAY) today, for operational improvement of the state's Power Distribution Department," a power ministr...
23 Feb 2017, 3.28 pm | Source: PTI
The insurance regulator had earlier proposed mandatory listing of large insurers. The proposal met with stiff opposition from several players who contended that this was not known to them at the time of entering the business.
23 Feb 2017, 3.03 pm | Source: Moneycontrol.com
The cancellation of legal tender of 500 and 1,000 rupee notes has led to a slowdown in economic activity that weighed on demand for credit among companies and retail borrowers during the October-December quarter, it said.
23 Feb 2017, 2.12 pm | Source: PTI
FPI ownership in the BSE-200 index stood at USD 337 billion during the September quarter, according to the Kotak Institutional Equities report.
23 Feb 2017, 1.56 pm | Source: PTI
The country's production in the month jumped 27 percent to 66,000 tonnes from a year ago as farmers increased tapping to cash in on the price rally, the board said in a statement.
23 Feb 2017, 1.41 pm | Source: Reuters
The minutes from the Reserve Bank's February 8 policy meeting shows that focus has shifted to lowering inflation towards the medium term target of 4 percent.
23 Feb 2017, 1.18 pm | Source: PTI