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ECONOMY

Govt not planning to hike import duty on wheat to 25% anytime soon

The government has no immediate plans to further increase import duty on wheat to 25 per cent as overseas purchase of the grain is not being undertaken even at the current customs duty level.

PTI | Apr 30, 2017 01:08 PM

Foreign investors pour USD 3.5 bn in Apr amid Sebi raising FPIs investment limit in government debt

Foreign investors poured a staggering USD 3.5 billion in the Indian capital markets in April as Sebi raised investment limit for FPIs in government debt coupled with strong global cues.

PTI | Apr 30, 2017 12:15 PM

Govt aims to consolidate public sector banks post successful merger of five associates with SBI

The government aims to consolidate more public banks in the near future after from the successful merger of five associates with SBI

PTI | Apr 30, 2017 11:30 AM

NITI Aayog Vice-Chairman Arvind Panagariya denies plans of taxing agricultural income

NITI Aayog Vice-Chairman Arvind Panagariya on Friday categorically stated that there is no question of taxing agriculture income at a time when the government is keen on doubling the income of...

PTI | Apr 29, 2017 06:48 AM

GST implementation from July 1 to propel India's medium-term growth to 8 per cent: IMF

India's medium-term growth is likely to surge past the eight per cent mark post the implementation of the ambitious Goods and Services Tax to be implemented from July 1 as per International Monetary...

PTI | Apr 28, 2017 02:25 PM

Arun Jaitley at CII: We have moved towards big changes; India is fastest growing economy of world in last 3 years

Finance Minister Arun Jaitley on Friday addressed a gathering at Confederation of Indian Industry (CII).

News Nation Bureau | Apr 28, 2017 12:28 PM

US Commerce Secretary Wilbur Ross: No objection to free trade agreement with India

US Commerce Secretary Wilbur Ross on Wednesday said there has been no serious discussions on India-US free trade agreement though the Trump administration has no inherent objection over the pact.

PTI | Apr 26, 2017 12:23 PM

Modi Government’s reforms create ‘greater optimism’ for Indian economy

The FICCI-PwC India Manufacturing Barometer (IMB) survey stated that about 63 per cent of respondents were “somewhat optimistic” about the prospects of the Indian economy for the coming year,...

PTI | Apr 25, 2017 08:57 PM

Indian banking system can be more robust with consolidation of some public sector banks: Urjit Patel

RBI Governor Urjit Patel has said the Indian banking system could be more robust if some public sector banks are consolidated to have fewer but healthier entities

News Nation Bureau | Apr 25, 2017 03:50 PM

Consultation process for spectrum auction to commence in about 15 days, says Telecom Regulator

Telecom regulator Trai expects is to start the consultation process for the next round of spectrum auction in about a fortnight.

PTI | Apr 25, 2017 01:41 PM

Economy to expand three-fold to USD 7.25 trn by 2030: Niti Aayog

The Indian economy will see an over three-fold expansion at USD 7.25 trillion by 2030 and achieve an average growth rate of 8 per cent over the next 15 years, Niti Aayog vice chairman Arvind...

PTI | Apr 24, 2017 10:12 AM

India's Foreign Exchange witnessed a great rise by USD 889.4 million to USD 369.887 billion

Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.

PTI | Apr 21, 2017 10:07 PM

Nasscom hopes to overcome immigration-related issues

Immigration-related issues facing the IT sector employees are just operational concerns for the companies and the industry is taking steps to overcome them, said Nasscom president R Chandrashekhar.

PTI | Apr 21, 2017 11:05 AM

India set to become important destination for FDI: US official

India, with a young skilled work force, high growth rate and deregulation being undertaken by the government, is set to become an important destination for foreign investment, according to a former...

PTI | Apr 19, 2017 03:42 PM

IMF cuts down India’s annual growth forecast by 0.4 per cent, keeps it at 7.2 per cent

The IMF on Tuesday trimmed India’s annual growth forecast by 0.4 percentage points to 7.2 per cent for 2017, citing the impact of demonetisation.

PTI | Apr 18, 2017 08:58 PM