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The study showed that the incumbent retained power in FY99 and FY09 when spending growth was higher than budgeted, but lost elections in FY04 and FY14 when spending was lower than budgeted.

Business

Polls don't lead to fiscal profligacy

No visible link between fiscal spend and results: Analysts

28 May 2018 1:16 AM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Business

No end in sight as fuel price surges for 13th day

Increase in petrol and diesel is likely to increase inflation as it make transportation of goods and other services...

28 May 2018 12:50 AM IST

$Law and IT Minster Ravi Shankar Prasad had previously warned social media giant Facebook of \stringent\ action for any attempt to influence polls through data theft.$ Business

No fly-by-night operator will be allowed to play with data, says...

The IT ministry will wait for Cambridge Analytica to respond to the second notice, Prasad said.

27 May 2018 5:49 PM IST

Business

Amul eyes nearly Rs 50,000 crore group turnover in FY19

The co-operative has also recently tied up with the government and lenders, under the Pradhan Mantri Mudra Yojana.

27 May 2018 5:20 PM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

Business

RBI governor to brief parliamentary panel on mounting NPAs

Patel will talk about the conditions of nationalised banks in view of rising NPAs and the future course of action to...

27 May 2018 5:02 PM IST

Mercedes Benz, Indias biggest German luxury car maker by sales, will retain leadership in the fiercely competitive Indian luxury car market for third year in a row.

Business

Mercedes clocks production of 1 lakh cars in India

The company, which began its journey in India 24 years ago said the next production milestone will be achieved sooner.

27 May 2018 4:45 PM IST

Business

Fin Min to set up strategic investment fund under NIIF

The NIIF has mandate to solicit equity participation from strategic anchor partners.

27 May 2018 4:08 PM IST

Employees Provident Fund Organisation or EPFO stores members PF corpus.

Business

EPFO cuts administrative charges, firms to save Rs 900 cr annually

The EPFO has accumulated surplus of over Rs 20,000 crore in the administrative charges account.

27 May 2018 1:56 PM IST

Telecom regulator Trai on Thursday mooted a concept of open architecture-based public Wi-Fi grid to bring down the cost of internet by 90 per cent.

Business

Wi-Fi adds wing to BharatNet, data usage jumps 190 pc in villages

Karnataka at present has largest number of GPs where BharatNet infrastructure is used for Wi-Fi choupal project.

27 May 2018 1:40 PM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

Business

Petronet to partner OVL for stake in Qatar Petroleum LNG project

Petronet is keen to take 5 per cent stake in the expansion project along with associated upstream gas development.

27 May 2018 1:31 PM IST

Niti Aayog had earlier proposed doing away with the distinction between plan and non-plan expenditure.

Business

NITI Aayog's Governing Council to meet on June 16

Prime Minister Narendra Modi may also discuss plans for celebrations to mark the 150th birth anniversary of Mahatma...

27 May 2018 12:48 PM IST

According to a latest report by Tourism Australia, over 11,400 tourists from the state visited Australia spending AUD 55million (approx. Rs 275 crores) on their Australian holidays for the year ended June, 2017. (Representational image)

Business

Self-drive travel segment to grow by up to 35 pc, say experts

Initially, a lot of youngsters opt self-drive within the country and then graduate to longer holidays overseas.

27 May 2018 12:35 PM IST