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Economy News

Sapna Das As finance minister rises to present his second Budget, his message will be clear - the government will stick to its commitment to pursue the path of fiscal consolidation. This budget may also end up being a 'Make in India Budget' with the government announcing definitive steps to boost manufacturing.
Thu, 29 Jan 2015 22:13:11 +0530
Sajeet Manghat The Food Corporation of India (FCI) is all set to get a major facelift. Provided the government accepts the recommendations of the high-level committee. But some of the bold suggestions made by the committee may face quite a few political obstacles.
Thu, 29 Jan 2015 22:08:48 +0530
Govt begins spadework to deliver 100 smart cities by 2024 The government has begun the spadework to deliver on the promise of 100 smart cities by 2024. The final framework for the initiative is getting clearer and should be finalised by March 31.
Thu, 29 Jan 2015 21:51:41 +0530
Coal ordinance lacks clarity, says Delhi high court Delhi HC made these observations while hearing Jindal Steel and Power Ltd (JSPL) and its promoter Naveen Jindal’s petition challenging the change of end-use of two coal blocks in Odisha and Chhattisgarh, which were earlier allocated to it.
Thu, 29 Jan 2015 21:01:37 +0530
GDP data based on new series to be released Friday The National Statistical Commission has suggested that the base year for computing national account should be revised every five years.
Thu, 29 Jan 2015 18:49:07 +0530
Mahesh Jaising While appropriate pricing would undoubtedly be critical, what is expected to be even more critical for service providers in general and IT service providers in particular is the impact of potential decentralized compliances under GST.
Thu, 29 Jan 2015 15:57:11 +0530
FinMin rejects DIPP plan to put curbs on royalty payment The ministry, according to sources, is of the view that imposing restrictions on royalty payments will be "retrograde step" and not in sync with the liberalised FDI policy environment.
Thu, 29 Jan 2015 15:16:30 +0530
Jayant Sinha "Transfer pricing litigations involving Multi National Companies (MNCs) has to be looked at separately and individually and final decision on cases will be taken on merit," minister of state for finance Jayant Sinha said.
Thu, 29 Jan 2015 13:21:57 +0530
Tanvee Gupta Jain India's Q2 CAD stood at 2.1 percent, a five-quarter high as exports growth slowed and imports increased because of a rise in demand for gold.
Thu, 29 Jan 2015 12:36:27 +0530
HR Khan the Reserve Bank of India is keen to develop a wide range of derivatives products but with caution, like considering introducing bond futures in other maturities apart from 10-year maturity allowed now, said Reserve Bank of India deputy governor H R Khan.
Thu, 29 Jan 2015 12:31:06 +0530
India tops Credit Suisse Emerging Consumer Scorecard 2015 A total of nine countries were surveyed for this report: Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey.
Thu, 29 Jan 2015 11:17:57 +0530
India, US disagree over food security The G-33 countries led by India and including China want public stockholding for food security purposes to come under the "Green Box" domestic support for agriculture that causes minimal or no trade distortion
Thu, 29 Jan 2015 08:28:25 +0530
Find out what Ram Madhav thinks about Indo-US relationship Watch the speech of Ram Madhav, general secretary, BJP on CNBC-TV18 in which he shared his readings and outlook on Indo-US relationship, Modi-Obama friendship effect of Obama’s visit to India, India’s journey in becoming a world power and much more.
Wed, 28 Jan 2015 20:50:40 +0530
RBI asks banks to ease norms for individual borrowers The RBI said it received complaints from borrowers as banks were refusing to grant loans without 'No Due Certificate', specially in rural and semi-urban areas.
Wed, 28 Jan 2015 20:31:42 +0530
'India best placed in EM macro vulnerability matrix' The domestic firm said that the improvement in India's economic fundamentals have accelerated in FY2015 with the combined impact of a strong Government mandate, RBI's inflation focus supported by benign global commodity prices.
Wed, 28 Jan 2015 20:30:17 +0530
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Politics

The complaint filed in the court at Tis Hazari by Arun Kumar, a practicing lawyer, accused Kejriwal of deliberately abetting bribery.
Few people came out of their houses initially, while some households were even seen to have kept their windows shut as the rally passed through the narrow lanes of the area.
"People need a government here which will take care of women and issues of the middle class," the Union Minister said.
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India

The complaint filed in the court at Tis Hazari by Arun Kumar, a practicing lawyer, accused Kejriwal of deliberately abetting bribery.
CNN-IBN's sister channel TV channel IBN7 did a survey which found out that an alarming 1.25 lakh voters were fake.
CNN-IBN's sister channel TV channel IBN7 did a survey which found out that an alarming 1.25 lakh voters were fake.
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Tech

People are not just dependent on their smartphones they are emotionally attached to them as well, a new study suggests.
Google Public Policy Manager Verity Harding said that about 300 hours of video material is being uploaded to YouTube every minute.
Xiaomi currently sells devices through its website in most countries of operations, except India and Indonesia.
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