Business, Economy, 28th Nov 2017, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 04:55 PM IST

Business Economy 28 Nov 2017

Business, Economy, 28 Nov 2017

Trai Chairman R S Sharma on Tuesday called for Internet, an important platform for India, being kept open and free, and not cannibalised. (Photo: Pixabay/Representational)

Internet should not be cannibalised: R S Sharma on net neutrality

Trai in its net neutrality recommendations has sought to bar telecom service providers from any discriminatory practice.

28 Nov 2017 7:27 PM

Indian economic growth likely rebounded in the July-September quarter from the slowest growth in three years, said a Reuters poll. (Representational Image)

India's GDP growth likely to pick up in Q2, break five-quarter slide

The Reuters poll also showed India’s gross value-added (GVA) growth estimate likely accelerated to 6.2 per cent, from 5.6 per cent.

28 Nov 2017 7:06 PM

Aviation minister Jayant Sinha said the cancellation fee charged by airlines was "on the higher side and onerous for passengers". (Representational Image)

Govt to ask airlines to reduce ticket cancellation fee

Aviation minister Jayant Sinha said the cancellation fee charged by airlines was 'onerous' for the passengers.

28 Nov 2017 6:47 PM

The government has not waived any loans of big NPA defaulters, Finance Minister Arun Jaitley said on Tuesday. (Photo: AP)

Jaitley dismisses rumours of banks writing off debts of capitalists

Jaitley said that over the last few days, a rumour is being propagated regarding waiver of loans of capitalists by banks.

28 Nov 2017 5:28 PM

Oil Minister Dharmendra Pradhan on Tuesday made a strong case for inclusion of natural gas in the Goods and Services Tax. (Photo: PTI)

Dharmendra Pradhan bats for inclusion of natural gas in GST ambit

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

28 Nov 2017 4:38 PM

The bankruptcy ordinance promulgated by the President last week will pave the way for clean business by putting a premium on integrity, a senior finance ministry official said on Tuesday. (Representational Image)

Bankruptcy ordinance puts premium on integrity, promotes clean biz: FinMin

The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.

28 Nov 2017 4:16 PM

GDP growth slowed from 7.9 per cent YoY in April- June 2016 (i.e. Q1 FY17) to a three-year low of 5.7 per cent in Q1 FY18.

DBS Bank lowers India's FY18 GDP growth to 6.6 pc

Bank, however, expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2 per cent.

28 Nov 2017 3:45 PM

Trai on Tuesday proposed restrictions on service providers from entering into agreements which lead to discriminatory treatment of content on the Internet. (Representational Image)

Trai backs net neutrality, says it's against discrimination of content

Supporters of Net neutrality back the principle that the entire Internet traffic should be available to everyone on equal terms.

28 Nov 2017 3:07 PM

Retail onion prices have touched Rs 80 per kg in the national capital owing to tight supply. (File Photo)

Onion prices hit all-time high, being sold at Rs 80 per kg in Delhi

Onions in other metro cities are being sold at Rs 50-70 per kg depending on the quality and locality, data showed.

28 Nov 2017 2:38 PM

Oil Minister Dharmendra Pradhan on Tuesday strongly defended plans to build the Rs 2.7 lakh crore oil refinery on the west coast by 2022 despite the push for electric vehicle. (File Photo)

Oil Minister defends mega oil refinery amid e-vehicle push

Pradhan's comment comes after Transport Minister Nitin Gadkari announced that only electric cars would be produced in India after 2030.

28 Nov 2017 2:21 PM

The I-T Department has slapped notices on 1.16 lakh individuals and firms who made cash deposits of more than Rs 25 lakh in bank accounts post note ban but failed to file returns by the due date. (Photo: PTI/Representational)

I-T notices to 1.16 lakh for cash deposits of Rs 25 lakh post note ban

I-T officials said number of people prosecuted for violating I-T laws has more than doubled to 609 in April- September this year.

28 Nov 2017 1:48 PM

India’s government is lobbying for a reduction in official interest rates in coming months as it expects inflation to stay close to a 4 per cent target, finance ministry officials said. (Photo: PTI)

Govt wants RBI rate cut before March, say Finance Ministry sources

The Finance Ministry wants a rate cut in the Monetary Policy Committee's December meet or when it convenes in February.

28 Nov 2017 1:12 PM

The commission will review the current status of the finance, deficit, debt levels, cash balances and fiscal discipline efforts of the Union and the states.

New Finance panel to study impact of GST on finances: N K Singh

The new Finance Commission will cover five-year period commencing April 1, 2020.

28 Nov 2017 9:21 AM

The total collection till November 27 is Rs 83,346 crore for October and 50.1 lakh returns have been filed for the month, the ministry said.

GST collections dip to Rs 83,346 crore in October

The Centre had promised the states that it will pay them for any loss in revenue due to GST roll out for next five years.

28 Nov 2017 12:59 AM

However, the collection of taxes under the GST is encouraging and likely to further improve revenue collection and return filing compliance, it said.

Less deficit pain likely: Ind-Ra

The government has reiterated its commitment to narrow down the fiscal deficit to 3.2 per cent for fiscal 2018.

28 Nov 2017 12:55 AM

Commerce & industry minister Suresh Prabhu.

Centre to set up new unit to boost exports

The government is planning to set up an organisation to promote Indian exports to different geographies.

28 Nov 2017 12:48 AM

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Sunil Gatade