Economy News - Page 10
India retains top position as world's highest FDI destination, attracts $62.3 bn in 2016
India has remained ahead of China and the US as far as FDI inflows were concerned in the last year
3 years of Narendra Modi government: Meddling in businesses mocks 'minimum govt' promise
There has been no serious action to dismantle the rights-based entitlement regime that was erected under the United Progressive Alliance government.
Pakistan defence spend may rise 30% but its real enemies are Chinese debt trap, poverty
A steeper-than-expected rise in defence spend wouldn’t be good news for a crippled economy like Pakistan, largely running on Chinese aid.
Cabinet okays abolition of FIPB: Say happy goodbye to license raj institution
Set up after economic liberalisation, it was envisaged as a single-window clearance for all FDI proposals. But it turned out to be a body which developed clout not entirely commensurate with its functions
US proposes cut in India development aid to just $33 mn in 2018; Afghanistan to get $782 mn
Assistance to Maldives, which is in danger of extinction due to climate change, is facing a massive cut from $3.3 million in 2016 to a mere $440,000 in 2018
Govt abolishes FIPB after 25 years, new mechanism for FDI approval on anvil
Arun Jaitley said that about 91-95 percent of FDI proposals are under the automatic route
Note ban 'successful political coup' says French economist Guy Sorman
He said Modi seems sometimes more interested in making political and symbolic gains than in helping the economy with a predictable course
Moody’s downgrades China: How Narendra Modi can grab this opportunity for India's benefit
Slowing China is an opportunity for India. But only if exports, private investments, employment generation and a healthy banking system live up to the challenge
Paytm launches niche payments bank offering 4% interest, to open 31 branches initially
As many as 11 companies including Reliance Industries and India's top three telecom operators were in 2015 permitted by the Reserve Bank of India (RBI) to set up payments banks which can take deposits and remittances but cannot lend.
IT minister Ravi Shankar Prasad says 20-25 lakh jobs will be created in IT sector in 4-5 years
The minister says I completely deny and refute that there is any downturn in the employment in the IT sector
African Development Bank meet: Narendra Modi govt should ensure racist attacks don't imperil African goodwill
Successive Indian governments, since the UPA time have been wooing Africa and holding bi-annual India-Africa summits
Punjab Chief Minister Amarinder Singh assures farmers of early debt waiver
CM urged Punjab's debt-ridden farmers not to commit suicide and assured of steps to help the farming community
African Development Bank meet: Africa a top priority for India, our relation based on cooperation, says Narendra Modi
This is the 52nd Annual Meetings of the African Development Bank with the theme 'Transforming Agriculture for Wealth Creation in Africa'.
Three years of Narendra Modi govt: 10 charts that show where Indian economy stands
GDP is indeed good and the country is the fastest growing. But where are the investments? Without them, job creation will continue to be a difficult task
RBI refuses to disclose list of loan defaulters despite SC order, citing state's economic interests
On December 16, 2015 the apex court had clearly rejected RBI's arguments and ordered disclosure of defaulters' list
Maharashtra's rural revolution-2: Dairy, livestock and fisheries help de-risk the farmer
The total outlay for the poultry project will be Rs.200 crore.
India does not believe in imposing partnerships on other nations, leave it on partners, says Jaitley
'India-Africa cooperation is not an one-off event. This has been central to our strategical policy,' said Jaitley,
GST: Govt dictating prices goes against free-market spirit; will anti-profiteering law end up as tax terrorism?
Hasmukh Adhia hinted that any price hike by companies before 1 July, even if done for reasons such as higher input cost, may be subjected to enquiries. A veiled threat?
Paytm Payments Bank starts operations: Check out what's on offer for the customers here
The customer will have to spend Rs 100 for a 10-leaf cheque book, i.e. Rs 10 per leaf
African Development Bank summit: Arun Jaitley says Indo-Africa alliance can shape future of the world
Prime Minister Narendra Modi will tomorrow inaugurate the five-day annual meeting of the AfDB Group.
OPEC output cuts, more expensive oil push India to consider US, Canadian suppliers
India now imports 86 percent of its oil needs from OPEC states to meet its 4.6 million barrels per day (bpd) refining capacity.
GST: Industrial alcohol, ethanol to attract 18% tax; decision on stock provision rules on 3 June
Various representations have been made stating that 40 percent credit given for transition stock is too less
GST impact: Smartphones, medical devices, cement to cost less; rates beneficial to consumer, govt insists
A smartphone currently attracts 2 percent central excise duty and VAT, which vary from state to state (5 percent to 15 percent).
GST likely to hurt companies' working capital cycle, put strain on liquidity, says IndRa report
Easy system liquidity is necessary to minimise the magnitude of such disruption and to absorb the sudden changes in requirement of short-term finance
Coal scam case: Former coal secretary HC Gupta, two bureaucrats awarded 2-year jail term
Besides the jail term, the court also imposed a fine of Rs one lakh each on the three convicts.
RBI likely to announce guidelines to NPA ordinance within a fortnight
Banks have been reluctant to resolve NPAs through settlement schemes or sell bad loans with hair cut to asset reconstruction companies for fear of 3Cs -- CBI, CAG and CVC.
Bring petroleum products under GST; why destroy an architecture after creating it, asks Haseeb Drabu
While products like kerosene, naphtha and LPG will be under the ambit of GST, five items — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded from the basket for the initial years.
Maharashtra’s rural revolution-I: Make way UP and Gujarat, state aims to be the country’s No 1 milk producer
Behind this revamping of the state’s milk production, processing and distribution business, there are obviously some very canny political objectives in mind.
GST rate: Common man to benefit but why on earth is cinema clubbed with gambling?
At 28 percent, cinema halls will be clubbed in the same tax bracket of gambling/betting, five star hotels and casinos under GST
Bank NPA crisis: Narendra Modi needs to do a real ‘surgical strike’ on bad loans, not random shots
Now that March-deadline for the RBI has passed, have banks reported all of their NPAs keeping to the central bank deadline?