ECONOMY & NATION


IANS 26 February 2016
New Delhi : Set to file an FIR against Ringing Bells Pvt. Ltd. - the makers of the controversial Rs.251 (less than $4) smartphone - Cyfuture, a Noida-based data centre and BPO, on Friday met a senior police official and is now deliberating on filing a defamation suit too.   According...

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IANS 26 February 2016
New Delhi : India's Economic Survey sees the growth rate for the coming fiscal to remain at 7-7.75 percent due to domestic factors and warns that the upcoming budget will have to contend with an unusually challenging and weak external environment.   The survey, tabled in parliament by...

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IANS 26 February 2016
New Delhi : India's trade deficit declined to $106.8 billion between April 2015 and January 2016 compared with $119.6 billion in the corresponding period of 2014-15, the 2015-16 Economic Survey said on Friday.   Forecasting a strong economic outlook for the country, the survey said...

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IANS 26 February 2016
New Delhi : As a reform measure, the Goods and Services Tax (GST) would result in dramatic changes in the Indian tax system, the Economic Survey 2015-16 said on Friday.   "GST rollout will be a major reform measure in the global tax history as it is estimated to affect 2-2.5 million...

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IANS 26 February 2016
New Delhi : India could experience export gains of more than $500 billion per year, or 60 percent increase, from joining an expanded Trans-Pacific Partnership (TPP) or participating in a comprehensive Free Trade Area of the Asia Pacific (FTAAP) and the country's national income would expand...

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IANS 26 February 2016
New Delhi : The Economic Survey for 2015-16 tabled in parliament on Friday has pegged India's growth for the next fiscal in the 7-7.75 percent range.   Reviewing the major developments during the fiscal, the survey said that according to the Central Statistics Office, the growth rate...

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IANS 26 February 2016
New Delhi : Calling for reform in the fertiliser subsidy system, the government's Economic Survey 2015-16 said on Friday that there is a major need to rationalise fertiliser subsidies and plug leakages in the system.   "There is a need to rationalise fertilizer subsidy in an input,...

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IANS 25 February 2016
New Delhi : The Rajya Sabha chair on Thursday pulled up Minister of State for Home Kiran Rijiju for not coming on time for a calling attention motion, with Deputy Chairman P.J. Kurien asking him to take parliamentary work more seriously.   The Rajya Sabha was to take up a calling...

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IANS 25 February 2016
Chennai : Anil Ambani-led Reliance Capital on Thursday announced hiving off its commercial finance division into a separate wholly owned subsidiary.   In a statement, Reliance Capital said the board of directors approved the transfer of its commercial finance division into a separate...

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Hemant Gupta 25 February 2016
UCO Bank turns out to be among the worst banks in every downturn and needs repeated capitalisation. But nobody is ever asked to pay a price   Public sector lender UCO Bank, like many of its peers, is suffering from a bad loans problem. The operational rot in the Bank can be gauged...

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Moneylife Digital Team 25 February 2016
Suresh Prabhu in the Rail Budget proposed two elevated tracks from Churchgate and CST on Mumbai's suburban railway system   Here are the highlights of the Railway Budget for FY2016-17 presented by Railway Minister Suresh Prabhu on Thursday   * Making all-out efforts to...

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IANS 25 February 2016
Washington : In a setback to India, a World Trade Organization (WTO) dispute settlement panel has ruled in favour of the US in its challenge to New Delhi's alleged discrimination against US solar exports, according to US Trade Representative (USTR).   The panel agreed with the US that...

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Abhishek Waghmare (IANS) 24 February 2016
IndiaÂ’s gold imports surged 85 percent in January 2016, indicating how, as stock markets decline and some economic indicators worsen in the run up to Finance Minister Arun JaitleyÂ’s third budget, Indians are falling back on a traditional mode of holding wealth.   It is reasonably...

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Moneylife Digital Team 24 February 2016
Sharp fall in interest rates or provision of transfer of stress loans to new entity or aggressive recoveries from write-off accounts remains the only hope as of now, says a research report   Public sector banks (PSBs) reported one of their worst quarters in the last decade, with no...

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Abhishek Waghmare (IANS) 24 February 2016
India’s gold imports surged 85 percent in January 2016, indicating how, as stock markets decline and some economic indicators worsen in the run up to Finance Minister Arun Jaitley’s third budget, Indians are falling back on a traditional mode of holding wealth.   It is reasonably...

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Anil K. Rajvanshi (IANS) 24 February 2016
Last month, the major agenda item at the World Economic Forum in Davos was the Fourth Industrial Revolution (FIR). Since FIR is already under way in some of the advanced economies there are fears that it will be very disruptive and create huge unemployment.   The Davos meeting was...

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IANS 24 February 2016
New York : Oil prices decreased after Saudi Arabia Oil Minister Ali Al-Naimi said there will not be any production cuts in the country.   The West Texas Intermediate for April delivery moved down $1.52 dollars to settle at $31.87 a barrel on the New York Mercantile Exchange, while...

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IANS 23 February 2016
New Delhi : Noting India recorded its highest foreign exchange reserves in 2015, President Pranab Mukherjee on Monday described the country as a haven of "stability" in a turbulent global economy, saying it has put in place a non-adversarial tax regime to attract investments.   "India...

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IANS 23 February 2016
New Delhi : Automobile major Maruti Suzuki on Tuesday announced that it has resumed production at its facilities in Gurgaon and Manesar.   The company had to temporarily suspend manufacturing of vehicles at its flagship facilities in Manesar and Gurgaon on Saturday, due to the...

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Moneylife Digital Team 23 February 2016
According to the SMB Sentiments 2016 study, which gives details of perception and expectations from the economy in terms of market and investor sentiments, corporates consider GST Bill and Make in India as most positive initiatives   Both large and small-scale companies feel that the...

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