Economy News - Page 27

Union Budget 2017: An integrated oil giant proposed to take on global rivals

There are a dozen state-run oil and gas companies but they do not have the financial power to rival global oil majors in bids for overseas oil assets.

Union Budget 2017: How the shadow of GST kept govt on the straight and narrow

Here's the sour part for the centre: it has signed a blank cheque to reimburse states for not only revenue losses post-GST, but also guaranteed a 14 percent growth annually.

Budget 2017: Digitisation thrust aimed at cleaning up India, writes Ficci president

Setting up a mission with a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards will also provide the necessary direction to the government’s agenda of building a cashless economy.

Budget 2017 sticks to bank spending plan, no bumper recapitalization yet

The government's shock move in November to replace about 86 percent of currency in circulation will delay the clean-up of bad loans beyond a March 2017 deadline, bankers and analysts say.

Metro projects get enhanced allocation in budget; Delhi gets Rs 150 cr for expansion into NCR

The mega project, as part of which 72 new stations will be built, will cost over Rs 50,000 crore, which is to be borne equally by the state and the Centre.

Arun Jaitley unveils budget for recovery, and the poor, after cash crackdown

The budget sops come days before India holds five regional elections that will go some way in determining whether Modi can win a second term as Indian leader in 2019.

Seven misses in Budget 2017 math: How Jaitley may have created a huge buffer for spending

There are some misses in the presentation which could have been addressed but have been kept aside.

Budget 2017: Trade, industry terms budget as growth oriented

Almost all the associations and bodies representing commerce and industry welcomed the introduction of Trade Infrastructure Export Scheme with an allocation of Rs 3.96 lakh crore, which will help the Indian exporters to become globally competitive.

Union Budget 2017: Payments industry hails sops, cap on cash withdrawals

Finance Minister Arun Jaitley's other proposals include launch two new schemes to promote the usage of the BHIM app including referral bonus and cash back for merchants.

Union Budget 2017: Air India gets Rs 1,800 cr as equity infusion even as losses pile up

The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley on Thursday.

Budget 2017: Jaitley announces one lakh crore safety fund for accident-prone railways

With railways plagued by repeated derailments, government on Wednesday proposed setting up of a special safety fund of Rs one lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings.

Union Budget 2017: Arun Jaitley bats for Indira-style populism, junks Nehruvian dreams

The record allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) programme, at Rs 48,000 crore, to provide jobs to 50 million households, is an open acknowledgement of the philosophy of the Congress party.

Prime Minister Narendra Modi terms Budget as 'futuristic'

New Delhi: Prime Minister Narendra Modi described the Budget as "futuristic" with an aim on fulfilling the "dreams" of every section, including the poor, the farmers and the under-privileged while focusing on job creation, transparency, urban rejuvenation and rural development.

Union Budget 2017: Jaitley announces 'Sankalp' programme to boost youth employment

Finance Minister Arun Jaitley on Wednesday unveiled measures to leverage India's "huge demographic advantage" and maximise the employability potential of the youth, and also announced a Rs 4,000-crore programme 'SANKALP', aimed at providing market relevant training to 3.5 crore youth across the country.

Vodafone’s admission of merger talks with Idea Cellular is an inflection point in Indian telecom history

The intensity of the competition has also taken its toll with many companies exhausted, out of ideas and virtually running on empty, or on corporate debt.

Budget 2017: Freeing up of IRCTC and IRCON is good news for Indian Railways

It's never a good practice for one holding company, in this case the Indian Railways, to occupy every part of the value chain.

Budget 2017: From GST implementation to tax cuts, industry hopes FM will deliver

The impact of demonetization on the economy will be long lasting if it’s not now bolstered with an Indian equivalent of quantitative easing similar to what the US and western economies did after the 2008 banking collapse

H1-B visa restrictions: Experts say US too will feel the heat of Donald Trump's plan

The effects of this announcement will impact the GDP and the overall business economy and growth of US.

Budget 2017: Arun Jaitley should put more money in the hands of consumer to boost spending

With the announcement of 1 July as the new date for implementation of GST, it is likely that the indirect tax proposals in the Union Budget 2017 will be a precursor of sorts to GST.

Economic Survey is full of good ideas: Will FM retain GDP growth estimate of CEA?

Union Budget 2017: Five things to look out for in Arun Jaitley’s blueprint

The recently released advanced GDP estimates, which forms the basis of FM’s budget estimates and growth projections, has been arrived at with just nine month data and without reflecting on the impact of demonetisation.

Budget 2017: Arun Jaitley should aim to create parity in taxation between NBFCs and banks

With adequate policy support from the Government, fintech lenders can help meet the unfulfilled credit demand of over $ 250 billion among SMEs

Union Budget 2017: Good reasons why I'm not afraid of the fiscal forecast

If Rahul Gandhi is given a chance or he grabs it himself he will tell us it is populist and each year one segment invariably tells us this and I have never figured out what is wrong with populist.

Economic Survey has a cure for Narendra Modi govt's biggest headache - job creation

The Survey wants the government to focus on apparel and footwear sectors to boost job creation

Economic Survey 2017 holds a mirror to Arun Jaitley on demonetisation impact

Highlighting the short term pain in the economy, Subramanian is holding a mirror to finance Minister Arun Jaitley, who is set to present the Union Budget on Wednesday

Let's start 'em up in Budget 2017: How entrepreneurship fared in 2016

Beyond the boundaries of the corporate world, startups have a far-reaching ripple effect on the socio-economic fabric of the demography in which they operate.

Economic Survey takeaways: What it really says about note ban impact, Union Budget 2017

The survey is candid in pointing out that there will be a slowdown in growth this year too which will be between 25 to 50 bps lower than their baseline projection of 7%