Home » Business » Economy

Economy - Page 171

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Govt seeks Parliament nod for Rs 80,000 cr PSBs recapitalisation

NPAs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.75 lakh crore in March 2015.

4 Jan 2018 3:19 PM IST

The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

Higher NPA provisioning to impact banks in 2018/19: Moody's

Govt in October last year announced plans to infuse Rs 2.11 lakh crore into PSU banks.

4 Jan 2018 2:23 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Govt notifies 7.75 pc bond scheme for retail investors

Government came out with bonds offering 8 per cent interest to encourage retail investors to invest.

4 Jan 2018 11:46 AM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All India

India's services sector returns to growth in December: PMI

On prices front, GST continued to exert upward pressure on manufacturers' cost burdens in December.

4 Jan 2018 11:23 AM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

Corp bond investment limit oversubscribed, FPIs bid for $2.5 billion

FPIs bid Rs 15,961 crore for investment limits in corporate bond as against Rs 13,756 crore.

4 Jan 2018 10:39 AM IST

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Govt to infuse Rs 7,577 crore in 6 weak PSU banks

Arun Jaitley in Oct had announced an unprecedented Rs 2.11 lakh crore two-year road map to strengthen PSBs.

3 Jan 2018 4:56 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

No single rate for all items under GST: Arun Jaitley

Many items which were earlier in 28 per cent bracket were brought into the 18 per cent bracket.

2 Jan 2018 4:37 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

GDP growth in India to accelerate over coming year: HSBC

GDP growth in India is expected to accelerate to 7.0 per cent in 2018-19 from 6.5 per cent in this fiscal.

2 Jan 2018 1:37 PM IST

The fire broke out at the Samsung Electronics Co Ltd affiliates factory in the northern Chinese city of Tianjin earlier on Wednesday and has been extinguished, a Samsung spokesman said, adding that there were no casualties or significant impact to the plants operations.

December manufacturing PMI sees fastest pace of growth in 5 years

Retail inflation in November breached the central bank's medium-term target of 4 per cent.

2 Jan 2018 11:25 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

8 per cent govt bonds to close for subscription from tomorrow

Finance Ministry had reduced interest rate on various small saving schemes by 0.2 per cent.

2 Jan 2018 11:05 AM IST

India is the worlds second-biggest buyer of foreign coal even though imports have held steady in the last two years because of rising local output.

Infrastructure output growth at 6.8 per cent, fastest in a year

The cement sector grew by 17.3 per cent in November against a contraction of 1.3 per cent in October.

2 Jan 2018 3:31 AM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

Retail inflation for industrial workers up at 3.97 pc in Nov

Food inflation stood at 3.91 per cent in November against 2.26 per cent of the previous month.

1 Jan 2018 4:39 PM IST