Economy News

Can govt officials travel by private airlines for the purpose of LTC? Here is the answer

Can govt officials travel by private airlines for the purpose of LTC? Here is the answer

The LTC allows grant of leave and ticket reimbursement to eligible central government employees.

Feb 08, 2019, 11:39 AM IST
After a surprise rate cut, Das promises more if inflation falls

After a surprise rate cut, Das promises more if inflation falls

The surprise 25 basis points rate cut to 6.25 percent is a measure to broad base credit growth across all the sectors of the economy that's gathering more steam now, the governor said.

Feb 08, 2019, 10:01 AM IST
India up 8 spots in global IP Index, ranked 36th out of 50 nations

India up 8 spots in global IP Index, ranked 36th out of 50 nations

India is currently ranked at the 36th place out of 50 countries in annual International Intellectual Property (IP) Index released by the US Chambers of Commerce.

Feb 08, 2019, 06:40 AM IST
DPIIT starts exercise to rank states for ease of doing biz this year

DPIIT starts exercise to rank states for ease of doing biz this year

The department started this exercise, to rank all the states/UTs on the reforms undertaken by them on designated parameters, for the first time in 2014 .

Feb 07, 2019, 13:57 PM IST
RBI raises collateral-free farm loan limit to Rs 1.6 lakh

RBI raises collateral-free farm loan limit to Rs 1.6 lakh

The central bank also decided to set up an internal working group (IWG) to review agricultural credit and arrive at a workable policy solution.

Feb 07, 2019, 13:50 PM IST
RBI to ensure adequate liquidity to all sectors

RBI to ensure adequate liquidity to all sectors

The central bank also cut its estimates on headline inflation.

Feb 07, 2019, 13:45 PM IST
India can overtake China to become world’s number one economic power by 2047: Mukesh Ambani

India can overtake China to become world’s number one economic power by 2047: Mukesh Ambani

Ambani was speaking at the fifth edition of the Bengal Global Business Summit.

Feb 07, 2019, 13:22 PM IST
Cabinet clears amendments to banning of unregulated deposit schemes Bill

Cabinet clears amendments to banning of unregulated deposit schemes Bill

The Bill provides for severe punishment and heavy pecuniary fines to act as deterrent.

Feb 07, 2019, 13:00 PM IST
Cabinet approves abolition of Ombudsman for direct, indirect taxes

Cabinet approves abolition of Ombudsman for direct, indirect taxes

The approval comes against the backdrop of people preferring online grievance redressal mechanism.

Feb 07, 2019, 12:52 PM IST
RBI projects 7.4% GDP growth for FY20

RBI projects 7.4% GDP growth for FY20

The CSO has estimated GDP growth at 7.2 percent for 2018-19.

Feb 07, 2019, 12:43 PM IST
RBI cuts inflation forecast to 2.8% for Q419; 3.2-3.4% for H1FY20

RBI cuts inflation forecast to 2.8% for Q419; 3.2-3.4% for H1FY20

For the third quarter of 2019-20, the inflation target is set at 3.9 percent.

Feb 07, 2019, 12:42 PM IST
Home, auto loans set to be cheaper as RBI Governor Shaktikanta Das cuts interest rates by 0.25%

Home, auto loans set to be cheaper as RBI Governor Shaktikanta Das cuts interest rates by 0.25%

This is Das' first monetary policy review after taking charge as the RBI Governor, replacing Urjit Patel.

Feb 07, 2019, 11:49 AM IST
Karti Chidambaram appears before ED in money laundering case probe

Karti Chidambaram appears before ED in money laundering case probe

It registered a PMLA case in May 2017 to probe the issue.

Feb 07, 2019, 11:41 AM IST
RBI Governor Shaktikanta Das to present maiden monetary policy today

RBI Governor Shaktikanta Das to present maiden monetary policy today

Deviating from the practice of releasing the resolution of MPC in afternoon, the RBI will place it on its website at 11.45 am today.

Feb 07, 2019, 10:18 AM IST
Centre tightens rules on chit funds and other unregulated deposit schemes

Centre tightens rules on chit funds and other unregulated deposit schemes

The Central Bureau of Investigation has registered about 166 cases in chit funds and multicrore scams in three years.

Feb 06, 2019, 21:45 PM IST
Cash transfer to farmers, middle-class tax relief to boost growth: Moody's

Cash transfer to farmers, middle-class tax relief to boost growth: Moody's

It said that while the middle-class tax relief will weigh somewhat on direct tax revenues, GST collections will continue to pose risks to indirect tax collections if they fall short of budgeted

Feb 06, 2019, 12:26 PM IST
Govt to make additional borrowing of Rs 36,000 in current fiscal

Govt to make additional borrowing of Rs 36,000 in current fiscal

As per the calender issued previously, the last tranche for borrowing through government bonds was to complete in the week ending March 8, 2019.

Feb 06, 2019, 12:24 PM IST
Govt expects Rs 69,000-cr dividend from RBI in 2019-20

Govt expects Rs 69,000-cr dividend from RBI in 2019-20

The government has projected to mobilise Rs 82,911.56 crore as dividend or surplus from the RBI, nationalised banks and financial institutions during 2019-20.

Feb 06, 2019, 12:24 PM IST
Andhra Pradesh presents Rs 2.26 lakh crore budget  for 2019-20

Andhra Pradesh presents Rs 2.26 lakh crore budget for 2019-20

Finance Minister Y. Ramakrishnudu presented his 11th budget and the last of the present government.

Feb 05, 2019, 16:59 PM IST
Government to conduct survey to assess plight of farmers this year

Government to conduct survey to assess plight of farmers this year

 The 'Situation Assessment Survey of Agricultural Households' will be conducted during the 77th round of the National Sample Survey in the current calendar year.

Feb 05, 2019, 15:20 PM IST