ECONOMY & NATION


IANS 20 January 2016
New Delhi : The union cabinet on Wednesday approved a new power tariff policy designed to promote clean energy, better regulation of distribution companies (discoms), and ease of the process of doing business in the sector.   "For the first time, a holistic view of the power sector...

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IANS 20 January 2016
New Delhi : A union cabinet panel on Wednesday approved the setting up of over 5,000 MW of grid-connected solar photovoltaic (PV) power projects at an estimated outlay of Rs.30,000 crore.   Briefing reporters here following the meeting of the Cabinet Committee on Economic Affairs...

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IANS 20 January 2016
Mumbai : Reliance Communications on Wednesday said it has paid Rs.5,383.84 crore to the government as fee toward spectrum sharing and trading in 16 circles for the 800-850 MHz band, two days after it announced a pact on this with Jio for nine service areas.   This also follows a...

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IANS 20 January 2016
New York : Micro-blogging site Twitter crashed for its users all over the world on Tuesday due to an internal code change, a media report said.   Twitter experienced an issue "related to an internal code change" that caused its web and mobile apps to go down for almost eight hours. In...

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Vatsal Srivastava (IANS) 20 January 2016
Where are oil prices heading? Are they going towards $20 per barrel or is the worse of the capitulation in the energy markets behind us? Most fundamental and technical factors still seem to be pointing towards further downside in oil and the macro forecast is thus "lower for...

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IANS 20 January 2016
Peshawar : At least 15 people, including two gunmen, were killed in when terrorists stormed the Bacha Khan University in Pakistan's Khyber Pakhtunkhwa province on Wednesday, Dawn reported citing Edhi Foundation sources.   The gunmen opened fire at students and faculty members who had...

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IANS 20 January 2016
Tokyo : Tokyo stocks tumbled on Wednesday as the ongoing downtrend in oil prices coupled with concerns for the outlook of the global economy contributed to a dire market mood.   The 225-issue Nikkei Stock Average lost 367.04 points, or 2.15 percent, from Tuesday to 16,681.33, while...

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IANS 20 January 2016
Mumbai : Exactly a month after Facebook allowed live streaming of commercial events, Reliance Industries on Tuesday took to the social networking site to announce its results for the third quarter of this financial year. Company officials said it was among the first such live posts in...

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IANS 20 January 2016
Washington : Growing at the fastest pace, India is projected to grow at 7.5 percent in 2016 and 2017 fiscal as China slows to 6.3 percent in 2016 and 6.0 percent in 2017, according to the IMF.   The slower pace of China's growth primarily reflects weaker investment growth as the...

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Over the years, the RBI has changed its stance and now acknowledges possibilities for blockchain technology   On 24 December 2013, RBI officially warned the public about the potential financial, operational, legal, customer protection and security-related risks they are exposing...

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IANS 19 January 2016
Mumbai, Weak demand and high debt continue to pull down the credit profiles of Indian companies in an overall context of lacklustre economic conditions in the country, ratings agency Standard & Poor's (S&P) said on Tuesday.   "Companies still face anaemic demand and lower capacity...

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Moneylife Digital Team 19 January 2016
While the miss is due to lower than expected GDP, the absolute fiscal deficit is seen close to the budgeted figure at around Rs5.56 lakh crore, which is a rise of 8.5%, says India Ratings & Research    The Indian government is likely to miss its FY2016 fiscal deficit mainly due to...

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IANS 19 January 2016
Beijing, China's economy grew 6.9 percent year-on-year in 2015, the slowest annual expansion in a quarter of a century, according to the data from the National Bureau of Statistics (NBS) released on Tuesday.   Growth in the fourth quarter came in at 6.8 percent year-on-year, the...

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Moneylife Digital Team 18 January 2016
The benefits for startup India includes self-certification and a three-year exemption from inspections, an online portal and mobile app, an 80% in the patent application fee and a single-point hub for hand-holding   Prime Minister Narendra Modi on Saturday launched the "Start-Up India...

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IANS 18 January 2016
With the lifting of nuclear sanctions on Iran, the prospects for India as a consumer of oil, prices of which are in free fall towards levels of less than $20 a barrel, look rosy in the near term, says an expert.   "From a supply point of view, cheaper oil is good for emerging markets...

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IANS 18 January 2016
India's merchandise exports fell for the 13th straight month in December and were valued at $22.29 billion against $26.15 billion in the like month in the previous year, as per official trade data released on Monday.   Imports also fell during the month by 3.88 percent to $33.96...

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IANS 18 January 2016
The pact for trading involves a change in spectrum allotment from the Anil Ambani-led Reliance Communications to Mukesh Ambani-led Reliance Jio over nine circles and that for sharing between the two companies covers 17 circles, the two entities said   The communications services...

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IANS 18 January 2016
A total of 85 enterprises working with hazardous chemicals in the area were closed or relocated after safety checks concluded   A total of 583 chemical works were tallied during district security check in Binhai new area of China's Tianjin municipality which will be closed or...

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RBI governor’s New Year missive to RBI staff promises radical change, but the odds seem to be stacked against him   “It has often been said that India is a weak State. Not only are we accused of not having the administrative capacity of ferreting out wrongdoing, we do not punish the...

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Moneylife Digital Team 15 January 2016
Banks are asked by RBI to start sharing SHG data with credit bureaus. This move will put a check on overleveraging and borrowings by individuals from multiple sources and can possibly strain the asset quality of a few NBFC-MFIs, says a report   The Reserve Bank of India (RBI) has...

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