Business, Economy, 26th Jul 2017, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 10:25 AM IST

Business Economy 26 Jul 2017

Business, Economy, 26 Jul 2017

India's logistics sector stands to gain the most under the GST regime as costs will dip by almost 20 per cent, said Union Minister Nitin Gadkari.

Indian logistics sector to profit from GST, costs to tank by 20 per cent: Gadkari

Pre-GST, the complex tax structure and paperwork forced the transport industry to spend a lot of resources on tax compliance.

26 Jul 2017 8:59 PM

Aadhaar is a 10-digit unique identity given to every Indian.

UIDAI spends Rs 9,055 cr to enrol, despatch Aadhaar

This includes expenditure of Rs 3,819.97 crore towards enrolment and Rs 1,171.45 crore towards logistics.

26 Jul 2017 6:21 PM

Ongoing consolidation among telecom operators will result in efficient use of spectrum for better services, said Telecom Minister Manoj Sinha.

Consolidation of telecom companies mean better spectrum utilisation: Sinha

After M&As among various Indian Telecom Service Providers, there will be enough competition in sector, said Manoj Sinha.

26 Jul 2017 6:03 PM

Steel Minister Chaudhary Birender Singh.

India's crude steel production dips to 7.9 MT in June

Domestic production in the first six months of 2017 increased by 5.3 per cent to 49.48 million tonnes.

26 Jul 2017 5:24 PM

In relation to firms challenging RBI's directives in bad loan cases, RBI deputy governor SS Mundra on Wednesday said nobody can be prevented from approaching the judiciary.

Firms free to move judiciary over RBI's insolvency directive: S S Mundra

Essar Steel had moved high court seeking its direction to quash RBI's direction to banks to initiate insolvency proceedings.

26 Jul 2017 5:18 PM

SAIL has supplied 6.20 lakh tonnes of rails to the Indian Railways in 2016-17. (Representational Image)

SAIL supplies 6.20 tonnes of rails to railways in 2016-17

The cumulative expenditure incurred by SAIL till June 2017 is Rs 65,822 crore.

26 Jul 2017 4:37 PM

Road Transport and Highways Minister Nitin Gadkari.

Gadkari announces Rs 200 crore for NH repair in flood-hit Assam

Rs 400 crore has been sanctioned for dredging in Brahmaputra which will also check flood.

26 Jul 2017 4:29 PM

Govt has sought over Rs 10,000 crore for fresh fundings.

Govt seeks parliament nod for Rs 10,650 cr extra spending

Additional expenditure includes Rs 700 cr for oil ministry and Rs 500 for price stabilisation fund.

26 Jul 2017 3:06 PM

Reports suggest that RBI has stopped the printing of Rs 2,000 notes that were introduced post demonetisation in 2016.

Find Rs 200 notes in your wallet by August, RBI stops printing Rs 2000 notes

Reports suggest supply of Rs 2,000 notes from the RBI had been declining as it finds few takers.

26 Jul 2017 12:42 PM

Country is predicted to need an additional USD 888 billion by 2030 to provide universal household access to electricity and water. (Representational Image)

India will need USD 4.5 trillion by 2040 for infrastructure: report

Rising income levels and economic prosperity is likely to drive significant demand for infrastructure investment.

26 Jul 2017 11:08 AM

Debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased.

Govt bonds oversubscribed; FPIs bid for USD 2.3 billion

FPIs bid for investment limits in govt debt securities worth Rs 14,698 crore as against Rs 10,922 crore.

26 Jul 2017 10:21 AM

Commerce Secretary Rita Teaotia (Photo: Youtube screengrab)

Looking at measures in FTP to support exporters: Commerce Secretary

Show will give an opportunity to Indian exporters to showcase their wide range of products in food sector.

26 Jul 2017 9:51 AM

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Sunil Gatade