Economy News - Page 15

Organic fertilisers key to higher productivity, but weaning farmers from 'right chemicals' an issue

If the government starts using its subsidy to make chemical fertilisers companies build distributed model for manufacturing and distributing organic fertiliser, the country will benefit

WPI inflation at 5.7%: With food prices remaining the villain, monsoon holds the key

The Monetary Policy Committee (MPC) had cautioned in its recent policy readings that monsoons this year will be crucial to decide the course of policy rates, while changing its policy stance from ‘accommodative’ to ‘neutral’ early this year.

Airlines should be allowed to overbook seats says global airlines body IATA

If the practice of overbooking is stopped then consumers might lose access to more flexible fares that are available, IATA said

We have to be number one in gems and jewellery sector: PM Narendra Modi

PM Modi said the jewellery designed in the country needs to be promoted across the globe.

March WPI inflation at 5.7%: With food prices remaining the villain, monsoon holds the key

“We believe that there is an upside risk to the inflation with the increasing global commodity prices and expectation of possible below-normal monsoons. A clearer picture will emerge in July-August,” rating agency Care said.

'Farm loan waivers to touch 2% of GDP in run-up to 2019 polls'

Analysts at Bank of America Merill Lynch said the Yogi Adityanath government's debt waiver of US $5 billion or 0.4 percent of the state GDP, will lead other states to follow such populist suit

Indians love credit cards like never before; here's what the 28% spike in outstanding means

The drying up of credit for industries shows that stagnation in economic activities is real on the ground no matter the 7 percent GDP growth released by government statistical office.

Credit growth plunges to over 60 year low at 5% in FY17

For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of 1 April, 2016, show the central bank data.

March wholesale price inflation cools to 5.70% even as food prices heat up

According to official data, food prices saw a sharp rise of 3.12 percent in March compared to 2.69 percent in the previous month

Govt may soon allow 100% FDI in cash, ATM management companies

FDI into the country grew 22 percent to $35.85 billion during April-December of 2016-17.

Digital transactions shoot up 23 times post note ban to 64 lakh

In order to achieve the target of 2,500 crore digital transactions in the current financial year, the Prime Minister Narendra Modi today announced about 75 townships spread all over India as 'less-cash townships', it said.

Lucky Grahak: Mobile EMI fetches Rs 1-cr bonanza for student from Maharashtra

Shradha Mohan Mengshette, a second year student of Electrical Engineering from Latur district in Maharashtra, received the cash prize from Prime Minister Narendra Modi at a function in Nagpur on Friday.

Digital India: SBI targets transactions worth Rs 1 lakh crore

SBI said in a statement that it has implemented various initiatives as part of Digital India and Digi Dhan Mela campaign launched by the government.

India's choked airports: Why the govt needs to speed up aviation infra development

The government should better wake up, lest airport capacity could become an unresolvable mess pretty soon if India's air traffic boom continues.

Ambedkar Jayanti: PM Modi launches BHIM-Aadhaar, says digitisation will help fight corruption

BHIM app will help the poor in the same way Ambedkar helped the country, claimed the prime minister

WATCH: On Digital India Day, Narendra Modi lauds BR Ambedkar, launches BHIM-Aadhaar platform

To ensure that the culture of digital payments permeates down to the grassroot, the PM will also launch two new incentive schemes

I-T dept explains how it identified 60,000 people for probe after note ban: Full text

In the statement posted on the website, the department said it used advanced data analytics to detect the potential tax evaders

GST: Services to be slightly more expensive as tax rate will rise to 18%, says Hasmukh Adhia

Hasmukh Adhia said the government is determined to roll out GST from 1 July despite some industry stakeholders demanding further postponement

Exports jump 27.6% in March; trade deficit swells to US $10.4 billion

A huge spike in gold imports pushed the trade deficit to US $10.43 billion during the month under review from US $4.4 billion a year ago.

FRBM recommendations: Why blind obsession for fiscal deficit targets could hurt growth

The new FRBM leaves the rules open to interpretation, which in a way is good from the practical view point

Daily petrol, diesel price change: Why it will only partly benefit the Indian consumer

Will the government continue to increase central and state levies on petrol and diesel to largely negate any benefit of global softening of crude prices – this remains the key question.

February IIP contracts 1.2%: Bad news shows demonetisation still a drag; good monsoon only hope

In recent months, the Index of Industrial Production (IIP), has offered an inconsistent and perplexing trend with highly volatile and often contradicting numbers with the GDP figures

Infosys Q4 results: Why company is like King Khan and how it may still do a Raees for investors

Time for Vishal Sikka to have a drink with SRK, perhaps?

Retail inflation hits 5-month high of 3.81% in March; IIP dips 1.2% in February

The decline in the IIP in February is mainly on account of 2 percent contraction in manufacturing sector

Daily petrol, diesel price change from 1 May: Good for you, but benefits will take time to kick in

To have a presence pan-India, the private companies require access to land and other infrastructure which entail a lot of costs. It can't happen quickly

From liquor to non-veg ban: Are govts wasting precious time dictating what people should drink and eat?

What people eat and drink should be the last concern of any state government

Farm loan waiver: After RBI, now Nabard says it's a 'moral hazard', target only the needy

Every time a debt waiver is announced, it is taxpayers' money which is used to help bail out the farmers, said chairman Harsh Kumar Bhanwala.

Pulses prices drop sharply: Why govt needs to revamp the flawed agriculture policy

If farmers knew from futures prices that they would be paid below the MSP this season, they could have opted for cotton, which saw a reduction in area sown

Demonetisation impact: Rs. 5,400 cr of undisclosed income detected, says Arun Jaitley

The IT Department had undertaken “Operation Clean Money” to leverage technology and data analytics for verification of deposits during the demonetisation period.

Days not far off when India's economy will be among top 5, says President Pranab Mukherjee

Pranab Mukherjee said that the government is taking a somewhat "bitter decision" to shut down CPSEs which we are unable to run, so that people's money can be utilised for their own progress