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Economy News

Jayant Sinha As far as the domestic data is concerned, the big event has been obviously the Budget and really clarification on what the fiscal consolidation roadmap is and we had obviously said 4.1 percent, 3.6 percent and then 3 percent
Thu, 05 Mar 2015 21:48:43 +0530
Devendra Fadnavis Though the slaughter of cows was previously prohibited in the state under the Maharashtra Animal Preservation Act of 1976, the passage of the new Act will ban the slaughter of bulls as well as bullocks, which was previously allowed based on a fit-for-slaughter certificate.
Thu, 05 Mar 2015 20:04:30 +0530
GST will transform India's fiscal architecture: Sinha India opened up its economy to the private sector in 1991. The 14th Finance Commission has recommended higher share to the states in central taxes. It suggested to increase shares of states to 42 percent from current 32 percent.
Thu, 05 Mar 2015 18:30:22 +0530
SBICaps presentation on mines auction rules next week The government roped in the investment banker around 15 days after President Pranab Mukherjee promulgated the Mines and Minerals (Development and Regulation) Amendment Ordinance, 2015, in the second week of January to suggest the rules for auction and bidding parameters.
Thu, 05 Mar 2015 18:21:50 +0530
PM slams opposition for blocking passage of Land Bill in RS The Prime Minister also laid the foundation stone of two units of 660 MW each under the project's second phase. Modi said that he had asked the opposition to suggest ways to improve the land bill, but it did not respond. "I am not anti-farmer.
Thu, 05 Mar 2015 18:18:39 +0530
India needed an enabling tax policy to revive growth: FM GST is expected to play a transformative role in the way economy functions and it will add buoyancy to growth by developing a common Indian market and reducing cascading effect on the cost of goods and services.
Thu, 05 Mar 2015 17:26:13 +0530
Govt optimistic about GST roll out from Apr 2016: Rev Secy Elaborating further, he said increase in service tax from the next financial year, the restoration of normal tax rates on automobile sector and increase in excise duty of petrol and diesel from November last year would help the government in garnering more revenue.
Thu, 05 Mar 2015 16:35:31 +0530
Funding the unfunded: India to help small businesses MUDRA bank - to be set up with USD 3.2 billion of capital to help microfinancing firms to lend more - should help leverage up firms which account for 40 percent of India's exports, just as India tries to rekindle growth, lenders and entrepreneurs say.
Thu, 05 Mar 2015 16:10:38 +0530
Narendra Modi The Prime Minister will also lay the foundation stone for the second phase of 2x660 MW unit at the thermal power project in Khandwa.
Thu, 05 Mar 2015 15:59:23 +0530
Direct tax collections up 10.67% in 11 months of FY'15 During the April-February period of the last fiscal, the government had collected Rs 5.53 lakh crore under this head.
Thu, 05 Mar 2015 15:42:15 +0530
Hiring up by 12% in Feb: TimesJobs According to the job portal TimesJobs.com's job index RecruiteX, the demand for professionals in the IT/telecom sector was the largest which clocked a 22 percent increase in talent. The IT/telecom sector was the top employment generator in January 2015 as well.
Thu, 05 Mar 2015 15:42:05 +0530
BK Batra In an interview to CNBC-TV18, Batra said Pipavav was in the process of getting final approval for Corporate Debt Restructuring (CDR).
Thu, 05 Mar 2015 13:14:04 +0530
India's mfg, services growth outpaced China in Feb: HSBC Emerging markets' output growth rose to a 5-month high in February, and manufacturing as well as services sector in India expanded at a faster pace than China during the month, an HSBC survey said on Friday
Thu, 05 Mar 2015 12:56:19 +0530
Spectrum auction resumes with bidding in all four bands The biggest ever spectrum auction of 2G and 3G airwaves began on Wednesday on a high note with operators making bids worth an estimated Rs 60,000 crore after six rounds of bidding in all the four bands.
Thu, 05 Mar 2015 12:27:09 +0530
NGO cries foul over 17% cut in Budget for children In absolute amount, child budget in FY14 was Rs 72,496 crore, which declined to Rs 69,888 crore in FY15 and for FY16 it stands at low Rs 57,919 crore, a steep decline of 17.12 per cent y-o-y," CRY said.
Thu, 05 Mar 2015 11:46:03 +0530
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Politics

The Special Bench has been set up after the Supreme Court had on December 18 last directed the Chief Justice of Karnataka High Court to constitute it to decide Jayalalithaa's appeal within three months.
Madhya Pradesh would soon become a major industrial investment destination, the State Chief Minister Shivraj Singh Chouhan said on Friday.
"There can be two or four small stones in rice. Remove them (stones), but don't throw away the rice," was what TMC MLA Sabyasachi Dutta said apparently referring to dissidents.
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India

On the International Women's Day, CNN-IBN celebrates womanhoon. On this special show 'She Rock', a panel of experts discusses women empowerment.
The IPKF was invited to Sri Lanka's north and east to enforce the India-Sri Lanka accord of 1987.
"The offences against the accused include those under Unlawful Activities [Prevention] Act, IPC and Official Secrets Act," Public Prosecutor for NIA cases, CSS Pillai said.
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Tech

If you want to squeeze in some reading amidst the fun and frolic this Holi weekend, this list should come in handy.
The doodle features the Google logo being splashed by vibrant colours ranging from blue to orange, followed by a smiling face with the two O's of Google turning into eyes.
The study also projects that widespread adoption of self-driving cars could lead to a 90 per cent reduction in US vehicle crashes.
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