Economy News

RBI monetary policy today; rate hike expected as rupee slide accelerates

RBI monetary policy today; rate hike expected as rupee slide accelerates

Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee`s slide accelerated and concerns on liquidity emerged.

Oct 05, 2018, 09:15 AM IST
Key states follow Centre, slash petrol, diesel prices by Rs 5 per litre

Key states follow Centre, slash petrol, diesel prices by Rs 5 per litre

The Centre's move to cut fuel price has come as a big relief to te common man.

Oct 04, 2018, 23:27 PM IST
Easing ECB norms for oil firms may not arrest Re slide: BofAML

Easing ECB norms for oil firms may not arrest Re slide: BofAML

The government's earlier moves like tariff hikes on non-essential items were also "not significant either", the American brokerage said in a note.

Oct 04, 2018, 17:42 PM IST
After Centre's appeal, key states slash petrol, diesel prices by Rs 5 per litre

After Centre's appeal, key states slash petrol, diesel prices by Rs 5 per litre

Mumbai has the highest VAT of 39.12 percent on petrol, while Telangana levies the highest VAT of 26 percent on diesel.

Oct 04, 2018, 16:31 PM IST
Centre cuts excise duty on fuel by Rs 1.50 per litre, Oil companies to absorb Re 1 per litre

Centre cuts excise duty on fuel by Rs 1.50 per litre, Oil companies to absorb Re 1 per litre

The reduction excise duty will come immediately into effect once it has been officially notified by the OMCs.

Oct 04, 2018, 15:30 PM IST
FinMin allows OMCs to borrow $10 billion with 5 years maturity in phased manner

FinMin allows OMCs to borrow $10 billion with 5 years maturity in phased manner

OMCs will not be required to hedge their exposure.

Oct 04, 2018, 14:42 PM IST
Direct tax collections till September at Rs 5.47 lakh crore

Direct tax collections till September at Rs 5.47 lakh crore

The net Direct Tax collections represent 38.6 percent of the total Budget Estimates of Direct Taxes for FY 2018-19.

Oct 04, 2018, 12:52 PM IST
Air travellers can use facial recognition to enter airports, new Digi Yatra ID by 2019

Air travellers can use facial recognition to enter airports, new Digi Yatra ID by 2019

The Digi Yatra platform would be operational by February 2019.

Oct 04, 2018, 12:48 PM IST
Fuel price hike: Petrol breaches Rs 84-mark in Delhi, nears Rs 92 in Mumbai

Fuel price hike: Petrol breaches Rs 84-mark in Delhi, nears Rs 92 in Mumbai

Fuel prices have been witnessing a steep rise since the past few months.

Oct 04, 2018, 08:10 AM IST
Several Indian companies debarred by World Bank for fraudulent, corrupt practices

Several Indian companies debarred by World Bank for fraudulent, corrupt practices

In its latest annual report on Wednesday, the World Bank said Olive Health Care and Jay Modi from India have been debarred from for their fraudulent and corrupt practices. 

Oct 04, 2018, 05:53 AM IST
Cabinet hikes minimum support price of wheat by Rs 105 per quintal

Cabinet hikes minimum support price of wheat by Rs 105 per quintal

The MSP of wheat was Rs 1,735 per quintal in the 2017-18 crop year.

Oct 03, 2018, 17:55 PM IST
PIN code made mandatory for generating e-way bill

PIN code made mandatory for generating e-way bill

Quoting of PIN codes, according to officials, will help in calculating the correct distance and determine the validity of the electronic way or e-way bill, which is used by businesses to transport

Oct 03, 2018, 17:50 PM IST
RBI rate-setting panel begins three-day meet

RBI rate-setting panel begins three-day meet

After two successive hikes, the repo rate currently stands at 6.50 percent.

Oct 03, 2018, 15:56 PM IST
PSBs recapitalisation: Government to release 2nd tranche of funds soon

PSBs recapitalisation: Government to release 2nd tranche of funds soon

The government last year unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

Oct 03, 2018, 15:14 PM IST
Petrol, diesel price on 3rd October 2018: Check out rates in metro cities

Petrol, diesel price on 3rd October 2018: Check out rates in metro cities

On Tuesday, fuel prices went further up continued the upward trend across the country as the petrol price was hiked by 0.12 paisa and diesel by Rs 0.16 in Delhi.

Oct 03, 2018, 09:35 AM IST
Eight core sectors growth slows down to 4.2% in August

Eight core sectors growth slows down to 4.2% in August

The growth rate of eight infrastructure sectors – coal , crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity –was 4.4 percent in August last year.

Oct 01, 2018, 18:03 PM IST
RBI to inject Rs 36,000 crore into system in October

RBI to inject Rs 36,000 crore into system in October

The auctions to purchase government bonds as part of the Open Market Operations (OMO) to manage liquidity in the system will be conducted in the second, third and fourth week of October.

Oct 01, 2018, 15:28 PM IST
RBI likely to raise rates at Friday's review

RBI likely to raise rates at Friday's review

The monetary policy committee will start its three- day meeting from October 3 to decide on the fourth bi-monthly monetary policy.

Oct 01, 2018, 15:24 PM IST
GST Revenue collection for September crosses Rs 94,000 crore

GST Revenue collection for September crosses Rs 94,000 crore

The total revenue earned by central government after settlement in September is Rs 30,574 crore for CGST.

Oct 01, 2018, 13:18 PM IST
China upset with India's import tariff hike, says it will hurt Indian customers: Report

China upset with India's import tariff hike, says it will hurt Indian customers: Report

The enhanced duty rates on imported items including jet fuel and air conditioners, kicked in from September 27.

Oct 01, 2018, 11:56 AM IST

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