Pragya Srivastava | April 5, 2018 7:35 PM
The Narendra Modi government, which had set the ambitious 63,000 MW nuclear power capacity addition target by the year 2031-32, has cut it down to 22,480 MW, a Lok Sabha answer has revealed.
PTI | April 5, 2018 7:16 PM
The Reserve Bank today switched back to the gross domestic product (GDP)-based measure to offer its growth estimates from the gross value added (GVA) methodology, citing global best practices.
FE Online | April 5, 2018 4:57 PM
RBI Monetary Policy Highlights April 2018: The Reserve Bank of India concluded the six-member two-day bi-monthly Monetary Policy Committee meeting headed by the RBI governor Urijit Patel on Thursday keeping the key repo rate unchanged at 6%.
Ashish Pandey | April 5, 2018 3:25 PM
Backed by the recent decline in vegetable prices and significant moderation in fuel group inflation, RBI (Reserve Bank of India) has lowered lowered inflation projection in the fiscal year 2018-19 in its latest monetary policy review.
FE Online | April 5, 2018 2:54 PM
The Reserve Bank of India on Wednesday kept the repo rate “unchanged” at 6% in the first monetary policy meeting of the new fiscal year, as was widely expected given the concerns over rising crude oil price and inflation above its 4% target.
Pragya Srivastava | April 6, 2018 12:05 PM
On one hand, Asia is well positioned to benefit as it is home to the world’s largest electronics manufacturing cluster, on the other hand, what India will get is some of the leftover manufacturing and assembly work from China as it will moving up the electronics value chain.
Ashish Pandey | April 5, 2018 2:02 PM
In what may come as a boost to economic policies followed by Narendra Modi government, India’s economic growth forecast has been revised to 7.4 percent from 7.1 percent earlier in FY19 by India Ratings.
FE Online | April 5, 2018 1:01 PM
Peculiar rumours have led to the cash crunch in Andhra Pradesh and Telangana with people opting for heavy withdrawals. According to The Indian Express, there have been rumours that the passage of Financial Resolution and Deposit Insurance (FRDI) Bill will lead to heavy monetary losses if a bank goes bankrupt.
Labour unions demand setting up of wage revision panel in Maharashtra; 10 lakh people to benefit if implementedPTI | April 5, 2018 12:42 PM
The labour unions have asked the Maharashtra government to set up an advisory committee to revise their wages, failing which they have threatened to approach the Bombay High Court.
Reuters | April 5, 2018 12:36 PM
Nepali Prime Minister K P Sharma Oli will press India to exchange millions of dollars held in Nepal in banned high-value Indian bank notes during a visit this week to improve ties with its large southern neighbour.
Sushruth Sunder | April 5, 2018 9:32 AM
In its first Monetary Policy Review in the new financial year, India’s central bank RBI is unlikely to change key policy rates on concerns over rising inflation due to globally rising crude oil prices as well as the uncertain global economy.
FE Bureau | April 5, 2018 4:24 AM
Boosting the prospect of robust foodgrain production in the 2018-19 (July-June) crop year, private weather forecaster Skymet on Wednesday predicted a ‘normal’ southwest monsoon with nil chances of a drought.
FE Bureau | April 5, 2018 4:03 AM
State-run lenders wrote off almost Rs 2.42 lakh crore of bad loans between April 2014 and September 2017, the government has informed Parliament.
FE Bureau | April 5, 2018 3:56 AM
The changes to the Insolvency and Bankruptcy Code (IBC), proposed by a 14-member panel, will be applicable to bids for stressed assets only prospectively once they make it to rule books, corporate affairs secretary Injeti Srinivas said on Wednesday.
FE Bureau | April 5, 2018 3:53 AM
The indirect tax department said it would allow those who couldn’t file the TRAN-1 form on the GST Network portal for claiming transitional credit due to IT glitches to complete the process by the end of the month.
PTI | April 5, 2018 3:30 AM
The trade deficit between India and the US dropped by almost six per cent in 2017 compared to the previous year, the US Trade Representative (USTR) has said, even as it continued to harp on issues such as market access and high tariffs on several American products being imported into India.
The Financial Express | April 5, 2018 3:14 AM
Despite the obvious flaws in an inflation-targetting framework, if RBI had got its forecasts right, it would have had scope to cut interest rates and that, in turn, would have ensured bond rates didn’t jump as they have.
Legal hurdle: The law itself can sometimes pose a challenge for women’s access to the same employment as menThe Financial Express | April 5, 2018 3:04 AM
Globally, the World Bank’s Women, Business and the Law 2018 report notes, 2.7 billion women are legally restricted from taking up the same jobs as men.
Mohamed A El-Erian | April 5, 2018 2:58 AM
There was a time when many regarded being in the middle of the distribution—socially, politically, and in the business world —as a favourable, stabilising and desirable outcome.
Surbhi Prasad | April 5, 2018 12:02 AM
Homebuyers of the embattled Jaypee Infratech have urged the Reserve Bank of India and the National Housing Bank to direct banks and housing finance companies to put a moratorium on EMIs for home loans granted to them.
PTI | April 4, 2018 6:46 PM
Remittances sent into the country by Indians abroad dropped by USD 8.53 billion between 2014-15 and 2016-17, the government today informed Lok Sabha.
PTI | April 4, 2018 5:56 PM
Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1, an official said today.
PTI | April 4, 2018 4:25 PM
The CPI(M)-led LDF government in Kerala today made it clear that it could not waive the additional sales tax revenue generated on account of increase in excise duty for petroleum products.
Trade war: From whiskey, beef to cars, list of US items on which China will impose reciprocal tariffFE Online | April 4, 2018 2:58 PM
The trade war is intensifying as now China has announced a reciprocal tariff of 25% on 106 United States’ products ranging from including whiskey, beef to cars. Here’s list of US items on which China will impose a reciprocal tax.
Ashish Pandey | April 4, 2018 2:30 PM
With an aim to light up the country with solar power, Narendra Modi-led government plans to achieve the target of 175 GW of installed renewable energy capacities by 2022.
FE Online | April 4, 2018 2:10 PM
The trade war has finally begun as China has slapped a 25% reciprocal tax on 106 products of the United States days after Donald Trump began imposing additional tariffs.
FE Online | April 4, 2018 1:25 PM
As the Narendra Modi-led government enters into the final fiscal year prior to general elections, a report by IIF (Institute of International Finance) says that while the economic growth outlook is improving, various downside risks continue to weigh.
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