Economy News

FM to meet PSU banks chiefs next week; to review financial performance

FM to meet PSU banks chiefs next week; to review financial performance

The meeting scheduled for September 25 would discuss a host of issues, including progress made with regard to reduction in non-performing assets, sources said.

Sep 19, 2018, 13:51 PM IST
India considers raising import duty on steel to support rupee

India considers raising import duty on steel to support rupee

The source said there was no certainty that the proposed duty would be imposed.

Sep 19, 2018, 11:34 AM IST
Need to blend subsidy with investment to enhance agri sector growth: Jaitley

Need to blend subsidy with investment to enhance agri sector growth: Jaitley

Talking about the growth, Jaitley said India has grown at reasonable pace in the last quarter century.

Sep 18, 2018, 16:54 PM IST
States set to miss 20% debt-to-GDP ratio target by FY23: Report

States set to miss 20% debt-to-GDP ratio target by FY23: Report

From a global perspective, the country remains an outlier in terms of both consolidated debt-to-GDP and debt-to-revenue ratios.

Sep 18, 2018, 16:49 PM IST
Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

The government Monday proposed the merger of the three state-owned banks to create the country's third largest lender as part of efforts to revive credit and economic growth.

Sep 18, 2018, 12:10 PM IST
India delays imposition of retaliatory tariffs on US goods till November 2

India delays imposition of retaliatory tariffs on US goods till November 2

In August, India said that it would raise tariffs on US goods on September 18.

Sep 18, 2018, 09:16 AM IST
IMF estimates 'real' effective depreciation of Indian rupee

IMF estimates 'real' effective depreciation of Indian rupee

Compared to December 2017, the real effective depreciation of Indian rupee is between six and seven percent, says an IMF estimate.

Sep 18, 2018, 07:39 AM IST
Fuel prices continue to scale: Diesel nears Rs 79 in Mumbai, Rs 74 in Delhi

Fuel prices continue to scale: Diesel nears Rs 79 in Mumbai, Rs 74 in Delhi

Domestic fuel prices continued to scale on Tuesday with petrol increasing by Rs 0.10 per litre and diesel by Rs 0.9 per litre.

Sep 18, 2018, 07:07 AM IST
Hope to cross Rs 11.5 lakh crore direct tax collection target for FY19: CBDT chief

Hope to cross Rs 11.5 lakh crore direct tax collection target for FY19: CBDT chief

In 2018-19 budget, the government had projected a 14.3 percent rise in direct tax collections to Rs 11.5 lakh crore.

Sep 17, 2018, 16:37 PM IST
Oil Minister Dharmendra Pradhan requests Odisha CM to reduce VAT on petrol, diesel

Oil Minister Dharmendra Pradhan requests Odisha CM to reduce VAT on petrol, diesel

Fuel prices are the steepest in Maharashtra and the lowest in Andaman and Nicobar.

Sep 17, 2018, 16:13 PM IST
NPA provisions for banks may stay elevated till FY20: Report

NPA provisions for banks may stay elevated till FY20: Report

Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.

Sep 17, 2018, 14:17 PM IST
Karnataka government cuts fuel prices by Rs 2 per litre

Karnataka government cuts fuel prices by Rs 2 per litre

Earlier this month, Rajasthan, Andhra Pradesh and West Bengal government also marginally reduced fuel prices.

Sep 17, 2018, 10:29 AM IST
Petrol breaches Rs 82 mark in Delhi, nears Rs 90 in Mumbai

Petrol breaches Rs 82 mark in Delhi, nears Rs 90 in Mumbai

Fuel prices have been on record levels for nearly two weeks now, going up almost daily since August 1.

Sep 17, 2018, 06:46 AM IST
No relief for common man as petrol, diesel prices touch fresh record highs

No relief for common man as petrol, diesel prices touch fresh record highs

The recent surge in transportation fuel prices is largely attributed to high crude oil prices and a falling rupee. A weak rupee against the dollar makes the import of crude oil expensive.

Sep 16, 2018, 07:39 AM IST
Arun Jaitley says confident of meeting fiscal deficit target

Arun Jaitley says confident of meeting fiscal deficit target

Jaitley has said that the government is sure of meeting the fiscal deficit target given robust tax collections.

Sep 15, 2018, 21:19 PM IST
Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

Transportation fuel prices have been on the rise for over a month now on the back of high crude oil prices and a weak rupee.

Sep 15, 2018, 07:49 AM IST
India ranks 3rd globally in terms of number of family-owned businesses

India ranks 3rd globally in terms of number of family-owned businesses

The report covered 11 markets in the Non-Japan Asian region, which continue to dominate and represent a 53 percent share of the universe, with a total market capitalisation of over USD 4 trillion.

Sep 14, 2018, 17:28 PM IST
EAC-PM member calls for extreme vigilance on rupee

EAC-PM member calls for extreme vigilance on rupee

The rupee breached the historic low of 72 level this week, marking year-to-date losses of more than 13 percent.

Sep 14, 2018, 17:25 PM IST
UIDAI system has multiple layers of security check to thwart manipulation: CEO

UIDAI system has multiple layers of security check to thwart manipulation: CEO

The comments of the Unique Identification Authority of India (UIDAI) chief come against the backdrop of a recent report alleging Aadhaar software hack.

Sep 14, 2018, 17:23 PM IST
With Rupee on sticky wicket, PM Modi to hold crucial meeting with officials

With Rupee on sticky wicket, PM Modi to hold crucial meeting with officials

The meeting comes in the backdrop of the Indian currency touching its lifetime low.

Sep 14, 2018, 16:21 PM IST