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  Business   Economy  12 Jun 2017

Business, Economy, 12 Jun 2017

India Inc demands RBI rate cut as IIP growth slides

The industry reiterated its demand for an interest rate cut by the RBI, saying it was imperative to boost growth and consumer demand.

12 Jun 2017 9:27 PM

Aadhaar mandatory for govt co-contribution under APY    

Any individual who is eligible to receive benefits under the APY will have to furnish proof of possession of Aadhaar number.

12 Jun 2017 8:46 PM

Textile industry urges GST council to lower 18 per cent rate on garments

Textile industry requested the GST Council to reconsider this on an urgent basis and bring it under the 5 per cent slab.

12 Jun 2017 8:09 PM

IT industrialists to discuss digital eco with Prasad

IT Ministry will discuss ways to expedite formulation of a roadmap to make India a USD 1 trillion digital economy.

12 Jun 2017 7:42 PM

Retail inflation hits a low of 2.18 per cent in May

Retail food prices fell 1.05 per cent last month from a year ago, compared with a 0.61 per cent gain in April.

12 Jun 2017 5:58 PM

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Govt to look into ROSL schemes under GST

Union Textiles Joint Secretary Subrata Gupta said the views of the industry on this issue has been sought.

12 Jun 2017 5:55 PM

Anant Geete to pitch for lower GST rate on hybrid cars

The tax incidence on hybrid vehicles will go up to 43 per cent from the current effective tax rate of 30.3 per cent.

12 Jun 2017 5:30 PM

'18 per cent GST on sub-Rs 100 movie tickets won't help industry'

The GST Council had proposed taxing movie tickets at a flat rate of 28 per cent.

12 Jun 2017 4:34 PM

Tejas Express makes a superfast arrival at Mumbai

Tejas has set a new high for Indian Railways as far as punctuality is concerned.

12 Jun 2017 4:11 PM

Govt actively working towards bank consolidation: Jaitley

A top ministry official said there is no option but to resolve the NPAs as far as the sectoral source is concerned.

12 Jun 2017 3:09 PM

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Telangana's GSDP grows at 10.1 per cent in FY17

Telangana's share in national GDP has increased seven basis points in 2016-17.

12 Jun 2017 3:07 PM

Jaitley says universal basic income has 'political limitations'

Arun Jaitley also said the finance ministry is debating the Economic Survey's suggestions of UBI and creation of bad bank.

12 Jun 2017 2:40 PM

Jaitley reviews NPA scenario with top bankers

Public sector banks made a stable operating profit of Rs 1.5 lakh crore in 2016-17.

12 Jun 2017 1:59 PM

Govt moves ahead to resurrect stalled power projects

Ministry has firmed up a policy for stalled hydro projects to revive 11,639 mw by dispensing Rs 16,709 crore till 2024-25.

12 Jun 2017 1:21 PM

I-T Act treats all assesses alike, not discriminatory: Supreme Court

New provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns.

12 Jun 2017 1:11 PM

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India lays 30 km/day highway under Modi's roadways push

This was apart from several projects awarded in last few years having reached their construction phase.

12 Jun 2017 11:30 AM

Jaitley to meet PSB chiefs to assess NPA situation

Currently, the PSBs are being faced with toxic loans of Rs 6.06 lakh crore during April-December 2016-17.

12 Jun 2017 11:11 AM

Railways to induct 40,000 refurbished coaches

Railways also expect to manufacture 15,000 new coaches with modern features during 2018-19 and 2022-23 periods.

12 Jun 2017 11:11 AM

Govt aims to make India 'food factory' of the world: Badal

Each of the mega food parks will leverage an additional investment of about Rs 250 crore.

12 Jun 2017 9:41 AM

Maharashtra waives off all farm loans, averting strike

It was not immediately clear how much the loan waivers would cost state coffers.

12 Jun 2017 9:25 AM

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