Economy News - Page 6
IDBI Bank sets up dept to manage bad loans, after being put "under watch" by RBI
IDBI Bank's annual loss for 2016-17 widened to Rs 5,158 crore, as against Rs 3,665 crore in the previous fiscal.
GST: Arun Jaitley seeks support from MPs/MLAs to create awareness of new indirect tax regime
In a letter to the presidents of various political parties, Jaitley thanked them for their cooperation and contribution in making the GST a reality
Cross border mergers make India favoured FDI route: UN trade report
Despite historically high number of announced greenfield projects in 2015, FDI inflows to India were flat last year with only 1 percent up from 2015, the report said.
Treat Madhya Pradesh farmers' protest with urgency; a contagion could deepen the crisis
With high level of non performing assets (NPAs), banks are not in a position to forgive farmer loans but the question is, if corporate loans can be adjusted, why not farm loans, where the reasons are more compelling.
IT Employees Associations against industry veteran Mohandas Pai's statement
Pai had yesterday accused people, who are making efforts to forge a union in IT industry, of trying to "create a hype, fear-mongering".
RBI keeps rate unchanged: Panel not convinced on inflation fall; experts decode statement
Inflation projections and Real GVA growth for FY18 have been lowered based on recent data releases
4 reasons why RBI was right in snubbing govt and holding back an interest rate cut
The governor was right this week in staying clear of the rate cut the government wanted, and it is now out in the public that the monetary policy committee (MPC) even said no to a meeting with New Delhi's mandarins
Rate cut: RBI, govt in open confrontation? Central bank defiantly holds ground
The Reserve Bank warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk spurring inflation.
RBI may not have cut policy rate but new home loans set to get cheaper; here's why
"The reduction in risk weights and standard asset provisioning on certain categories of housing loans will lower housing loan rates and increase housing loan portfolio of banks"
GST: Industry gets 90 days to claim tax credit for transition stock after rollout from 1 July
The GST Council also decided to amend the transition rules allowing traders and retailers to make claim of 60 percent against the CGST or SGST dues where the tax rate exceeds 18 percent.
RBI policy: Key interest rates unchanged; inflation, growth projections cut
Among the reasons for the bank's caution were sticky core inflation, and higher government spending if Prime Minister Narendra Modi heeds farmers' calls to forgive their debts
Economic situation warrants easing of rates by RBI: CEA Arvind Subramanian insists
Talking to reporters after RBI released its statement, Subramanian said there is a plausible alternative macro-economic assessment
RBI cuts provisions, risk weights to make home loans cheaper; boost for real estate
The amount of money to be set aside for every loan made, has been lowered to 0.25 percent from the earlier 0.40 percent, which will help reduce the interest rates on home loans
RBI monetary policy: Note ban didn't impact growth; need clarity on inflation
Patel said the inflation number may have come lower due to lingering of the transitory effect that has kept it low since November and also on supply glut conditions in respect of pulses, cereals and vegetables.
RBI monetary policy: Farm loan waivers risk fiscal slippages, inflation
RBI Governor Urjit Patel said unless that state governments' budgets allow that fiscal space to go in for a loan waiver, it would be risky to tread on that path
Sensex, Nifty hold ground after RBI monetary policy; banks top gainers
RBI Governor Urjit Patel-led MPC for the fourth straight time kept the repo rate unchanged at 6.25 percent
RBI lowers inflation projection to 2-3.5% in first half of current fiscal
The earlier projection for the retail inflation in first half of the fiscal was 4.5 percent and 5 percent in second half
RBI policy: Urjit Patel's Raghuram Rajan act to restore central bank's lost credibility
And it's a good sign for the larger economy. Good job Mr Urjit Patel
RBI monetary policy: Central bank lowers growth forecast to 7.3% for FY18
Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 percent
RBI keeps repo rate steady at 6.25%, doesn't want to risk 'loss of credibility'
Premature action (rate cut) at this stage risks disruptive policy reversals later and the loss of credibility, said the monetary policy committee
RBI policy: Highlights of 2nd bi-monthly monetary policy
Growth forecast for 2017-18 lowered to 7.3 percent from 7.4 percent
Rate panel keeps RBI repo rate unchanged at 6.25%: Full text of monetary policy statement
Five members were in favour of the monetary policy decision, while Dr. Ravindra H. Dholakia was not in favour
RBI policy today: Will the rate panel go for a surprise rate cut today?
If the Reserve Bank of India (RBI) announces a rate cut, it will also be an admission of how it got the inflation course wrong early this year.
Manmohan Singh on GDP: Demonetisation slowed growth, industry GVA took 7% hit
Former prime minister Manmohan Singh expressed serious concern over the situation, particularly the impact on job creation
RBI policy today: Rate panel seen holding rates steady, expected to sound less hawkish
RBI had justified its hawkish stance citing the impact of planned pay hikes for government employees and the introduction of a nationwide goods and service tax (GST), as well as fears of a weaker-than-expected monsoon.
Over 1 cr people trained since Skill India launch in July 2015: Union minister Rajiv Pratap Rudy
When asked, only 2.2 percent Indians received formal vocational training, Rudy said that benchmarks adopted for sampling by NSSO were inadequate
MPC meet: RBI may opt for status quo on rates tomorrow
On 6 April, the RBI had left its benchmark lending rate unchanged at 6.25 percent for the third monetary policy review in a row, citing upside risk to inflation
Gulf diplomatic crisis may not be an issue right now for Indian economy
Corporate India would be concerned at this development as there are several EPC (engineering, procurement, construction) companies that are involved in some large projects in Gulf region
Black money battle: Arun Jaitley embarks on 4-day visit to Paris, to sign OECD tax pact
Jaitley will also participate in discussion sessions on 'The Challenges of Globalisation and the OECD' and 'Cashless Society and Fintech'
'IT-BPM industry set to touch US $350 billion by 2025', says Nasscom
Disruption by digital technologies are transitory in nature and there are many more opportunities than threats, Murugesh said