Economy News

Moody’s affirms stable outlook for Indian banking system, says govt support for PSBs will stay strong

Moody’s affirms stable outlook for Indian banking system, says govt support for PSBs will stay strong

Moody's rates 16 banks in India, 15 commercial and one policy bank.

Dec 03, 2018, 09:27 AM IST
In setback for India, China rejects proposal for bilateral trade in domestic currencies

In setback for India, China rejects proposal for bilateral trade in domestic currencies

India had suggested China for renminbi-rupee trade to boost its exports

Dec 02, 2018, 12:28 PM IST
Bankers threaten nationwide strike on December 26 to protest merger of banks

Bankers threaten nationwide strike on December 26 to protest merger of banks

The government had in September approved the merger of three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank. 

Dec 01, 2018, 16:06 PM IST
Upset over meagre valuation, Nashik farmer money orders entire proceeds to Modi

Upset over meagre valuation, Nashik farmer money orders entire proceeds to Modi

Nashik district is known for production of red onions.

Nov 30, 2018, 18:25 PM IST
Subsidised LPG price cut by Rs 6.5; market price LPG cut by Rs 133

Subsidised LPG price cut by Rs 6.5; market price LPG cut by Rs 133

The price reduction comes soon after six consecutive monthly hikes in rates since June. Prior to this price cut, rates had gone up by Rs 14.13 per cylinder since then.

Nov 30, 2018, 18:08 PM IST
Ajay Bhushan Pandey takes charge new Revenue Secretary

Ajay Bhushan Pandey takes charge new Revenue Secretary

Pandey, a 1984-batch IAS officer of the Maharashtra cadre will continue to head the Unique Identification authority of India (UIDAI) as its CEO and will also hold his position as the Chairman of GSTN

Nov 30, 2018, 18:03 PM IST
Growth of eight infrastructure sectors slows to 4.8% in October

Growth of eight infrastructure sectors slows to 4.8% in October

These eight segments comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Nov 30, 2018, 18:00 PM IST
India's GDP growth slows to 7.1% in Q2 but still ahead of China

India's GDP growth slows to 7.1% in Q2 but still ahead of China

CSO recently announced revised growth estimates of the previous Congress-led United Progress Alliance governments.

Nov 30, 2018, 17:46 PM IST
Now, Railway minister to track operations from his office through eDrishti software

Now, Railway minister to track operations from his office through eDrishti software

The system could also become available for the general public soon as the railways is mulling putting up such screens on its premises to promote transparency.

Nov 30, 2018, 14:38 PM IST
Net stable funding ratio norms for banks from April, 2020: RBI

Net stable funding ratio norms for banks from April, 2020: RBI

The NSFR is defined as the amount of available stable funding relative to the amount of required stable funding.

Nov 30, 2018, 12:46 PM IST
RBI eases norms for NBFCs to securitise loan books

RBI eases norms for NBFCs to securitise loan books

As per a notification of the RBI, non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books.

Nov 30, 2018, 12:38 PM IST
RBI's excess capital should be used to recapitalise banks: Arvind Subramanian

RBI's excess capital should be used to recapitalise banks: Arvind Subramanian

Subramanian says he realises that in making this suggestion he is up against all the eminent current and former RBI officials, who argue that the RBI actually needs all the capital it has, but they

Nov 30, 2018, 12:35 PM IST
Niti Aayog Vice-Chairman accepts Chidambaram's 'challenge' on revised GDP data

Niti Aayog Vice-Chairman accepts Chidambaram's 'challenge' on revised GDP data

The CSO Wednesday released back-series data with 2011-12 as base year.

Nov 29, 2018, 17:53 PM IST
Arun Jaitley calls for GST-like reform in healthcare, farm sector

Arun Jaitley calls for GST-like reform in healthcare, farm sector

Jaitley believed that Healthcare is an area where there would be least resistance for a federal institution.

Nov 29, 2018, 15:58 PM IST
Trai to initiate consultation on spectrum issues, valuation methodology in 2019

Trai to initiate consultation on spectrum issues, valuation methodology in 2019

Trai, in August this year, had recommended rules and prices for the next round of spectrum auction that included radiowaves for 5G mobile services and other bands.

Nov 29, 2018, 14:51 PM IST
NHB disburses Rs 3,270 cr to 1.43 lakh beneficiaries under PMAY till Nov 28

NHB disburses Rs 3,270 cr to 1.43 lakh beneficiaries under PMAY till Nov 28

NHB is the central nodal agency for the implementation of the CLSS.

Nov 29, 2018, 14:50 PM IST
Govt to retain Rs 17k cr from CPSE ETF subscription

Govt to retain Rs 17k cr from CPSE ETF subscription

NTPC, SJVN, NLC and NBCC are the new entrants in the ETF basket.

Nov 29, 2018, 14:49 PM IST
Agriculture Ministry withdraws report from Parliamentary panel on impact of note ban on farmers

Agriculture Ministry withdraws report from Parliamentary panel on impact of note ban on farmers

A panel chaired by senior Congress leader M Veerappa Moily had met Tuesday where RBI governor Urjit Patel had made a presentation on the state of the economy.

Nov 29, 2018, 14:42 PM IST
Arun Jaitley to present interim budget on February 1

Arun Jaitley to present interim budget on February 1

This will be the sixth consecutive Budget to be presented by Jaitley.

Nov 29, 2018, 13:26 PM IST
India rejects US charge of subsidising cotton beyond WTO limits

India rejects US charge of subsidising cotton beyond WTO limits

The US has alleged that India was providing substantial market price support for cotton well in excess of India's WTO spending limits.

Nov 29, 2018, 13:24 PM IST

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