Business, Economy, 10th Aug 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 07:34 AM IST

Business Economy 10 Aug 2017

Business, Economy, 10 Aug 2017

Export Credit Guarantee Corporation (ECGC) has declared a dividend of Rs 72.5 crore at the rate of Rs 5 per share for 2016-17. (Representational Image)

ECGC declares dividend of Rs 72.50 core, says Commerce Ministry

ECGC has posted profit before tax of Rs 407 crore in FY2016-17, an increase of 5 per cent over 2016.

10 Aug 2017 8:34 PM

The Reserve Bank of India (RBI) on Thursday said it will pay Rs 30,659 crore dividend to the government for the year ended June 30.

RBI to pay Rs 30.6K crore dividend to government

RBI's dividend to the government is less than half of what it paid in 2016.

10 Aug 2017 8:27 PM

The Lok Sabha on Thursday passed the bill approving merger of SBI with associate banks.

Lok Sabha passes bill approving merger of associate banks with SBI

Five associates and the Bharatiya Mahila Bank became part of State Bank of India (SBI) beginning April.

10 Aug 2017 7:15 PM

Pilots against DGCA's proposal to extend notice period to 1 year

At present, pilots are required to serve a notice period of six months.

10 Aug 2017 6:52 PM

Union Petroleum and Natural Gas minister Dharmendra Pradhan.

New biofuel policy in the works, eyes Rs 1 lakh crore investment

Use of biofuel extracted from non-edible oils will help meet target of reducing imports by 10 per cent by 2022.

10 Aug 2017 6:26 PM

The implementation of GST and increased surveillance post demonetisation will help increase the tax-GDP ratio to 11.9 per cent by 2019-20, said the government. (Representational Image)

GST, surveillance post note ban to fuel growth of tax-GDP ratio

The government has budgeted for over Rs 19.06 lakh crore from taxes in 2017.

10 Aug 2017 5:11 PM

Vice-Chairman of NITI Aayog Arvind Panagariya.

Panagariya says legacy issues need to be tackled for long-term growth

He said civil services, judiciary, police are all long standing issues which need to be tackled.

10 Aug 2017 4:52 PM

GST Network on Thursday said it has started the facility for registration of casual taxpayers.

'Casual Taxpayers' can now register on GSTN portal

GSTN Chairman Navin Kumar said that the registration as 'casual taxpayer' will be valid for 90 days.

10 Aug 2017 2:45 PM

Indian Oil Corp has received the government nod to buy one very large ship full of crude oil from the US every month this year.

IOC gets govt nod to buy US crude oil, continues to look at cheaper options

Shipping ministry has allowed India's largest oil firm to import one cargo of crude oil from US every month.

10 Aug 2017 2:31 PM

Revenue deficit target of 2 per cent of GDP will be met in current fiscal, deficit would be 1.9 per cent in next. (Photo: PTI).

Govt capex to rise 25 pc to Rs 3.9 lakh crore by FY'20

The tax-GDP ratios are projected to be 11.6 per cent in 2018-19 and 11.9 per cent in 2019-20.

10 Aug 2017 1:54 PM

Trade deficit has risen to USD 51.1 billion in 2016-17 compared to USD 19.26 billion in 2009 -10. (Photo: Representational/AFP)

Rupee appreciation may take imports from China to over $61 billion

Indian currency has appreciated by 3.7 per cent against the Chinese Renminbi since February.

10 Aug 2017 1:21 PM

The Election Commission of India (ECI) is considering linking the unique identification number to voter ID cards.

Election Commission considers linking Aadhaar with Voter ID

The linking of Aadhaar with Voter ID cards will be required for 'various electoral services', said P P Chaudhary.

10 Aug 2017 12:50 PM

Foreign investments into debt and shares have reached a net $31 billion this year compared with $2.7 billion in sales last year.

RBI may need to drain up to $22 billion as inflows add to excess liquidity

RBI to buy more than $10 billion in spot market and $10 billion in forwards this year.

10 Aug 2017 12:46 PM

Over 116 crore people have the 12- digit unique identification number and almost 99 per cent adults have been covered under it.

'Denial of benefit over lack of Aadhaar is violation of norms'

Aadhaar Act itself mandates that not even one person be denied of benefits for the lack of Aadhaar.

10 Aug 2017 9:44 AM

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Mohan Guruswamy