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From LG to Whirlpool: Consumer goods cos upbeat about sales this festival on rains, pay commission

Sep 28, 2016

From LG to Whirlpool: Consumer goods cos upbeat about sales this festival on rains, pay commission

More money will be jingling in the pockets of government employees and pensioners with the 7th Pay Commission’s announcement of a 23.55 percent overall increase in salaries and pensions for more than 1 crore government employees and pensioners. #Economy #Lenovo #Reserve Bank of India #Sale #discounts #LG India #Festival sales #consumption demand #Godrej Appliances #Whirlpool of India #Vijay Sales #Zayple #festival season discounts
ADB retains India's FY17 growth estimate at 7.4% on robust demand, key reforms

Sep 27, 2016

ADB retains India's FY17 growth estimate at 7.4% on robust demand, key reforms

As corporates successfully deleverage and bank reform boosts lending, recovery in private investment will help drive growth to 7.8% in 2017 #Economy #Monsoon #Growth #GST #Reforms #Agriculture output #ADB
Reliance Capital likely to list home finance biz by April; eyes consumer lending growth

Sep 27, 2016

Reliance Capital likely to list home finance biz by April; eyes consumer lending growth

Anil Ambani also said the group may look at separate listing of various businesses, including life insurance, general insurance and commercial finance at an appropriate time #Economy #Anil Ambani #Reliance Capital #Monsoon #GST #Life insurance #Listing #AGM #General Insurance #home finance arm #consumer lending
India's banking outlook stable over next 18 months on slower formation of bad loans: Moody's

Sep 19, 2016

India's banking outlook stable over next 18 months on slower formation of bad loans: Moody's

Moody's says India's banking system is moving past the worst of its asset quality down cycle, supporting its stable outlook for the sector over the next 12-18 months #Economy #GDP #Foreign direct investment #Moody's #Indian Banks #NPAs #bad loans #Banking sector
What IIP numbers reveal: Do not expect an early investment recovery, jobs may suffer too

Sep 13, 2016

What IIP numbers reveal: Do not expect an early investment recovery, jobs may suffer too

The bellwether capital goods sector, which has been in the negative zone since November 2015, saw its biggest-ever decline of 29.7 per cent in July. This sector’s performance is a bit lumpy, but a continuous decline for nine months should be a source of worry #Economy #InMyOpinion #Capital goods #jobs #investments #IIP growth #Nikkei India Manufacturing PMI
President Mukherjee hopes govt will set up GST Council soon

Sep 10, 2016

President Mukherjee hopes govt will set up GST Council soon

Mukherjee said India has firmly established itself as the fastest growing large economy with a GDP growth rate of 7.3 percent in calendar year 2015. #Economy #GDP #Goods and Services Tax #PolicyWatch #service tax #VAT #excise duty #indirect taxes #GST Council
Chidambaram responds to Modi: How can 6.6% growing economy during UPA be termed in shambles

Sep 10, 2016

Chidambaram responds to Modi: How can 6.6% growing economy during UPA be termed in shambles

Reacting to the PM’s comment that upon taking charge he had called a meeting of top bankers to assure non-interference, Chidambaram said if the banks were in a bad shape, it was not because of political interference. #Inflation #Economy #P. Chidambaram #Narendra Modi #Dalits #Bankers #white paper #NDA Government #job creation #PM Modi #Acche Din #UPA regime #political interference #CNN News18 #Modi's statement #nation's interest #political damage
Now, Subramanian Swamy terms IDFC's Rs 550 cr loan to GSTN as 'loot'

Sep 09, 2016

Now, Subramanian Swamy terms IDFC's Rs 550 cr loan to GSTN as 'loot'

The government of India holds 24.5 percent stake in GSTN while states together hold another 24.5 percent. #Economy #NewsTracker #Subramanian Swamy #IDFC #Goods and Services Tax Network
New RBI governor Urjit Patel's first day in office: Here are his key challenges

Sep 06, 2016

New RBI governor Urjit Patel's first day in office: Here are his key challenges

He has his task cut out, primarily to complete the ‘unfinished agenda’ of his predecessor, Raghuram Rajan on completing ‘deep surgery’ of banks and winning the war on inflation. #Economy #Reserve Bank of India #Monetary policy #Goldman Sachs #Raghuram Rajan #NPAs #Modi government #Banking sector #Urjit Patel #CPI Inflation #MPC