Wed, Mar 22, 2017
Rucha Ranadive ,Associate Economist, Care Ratings said, "This move is expected to bring in better political funding pattern and transparency in transactions. However, there is a possibility that the identity of the donor will be revealed that won’t serve the purpose and will be similar to direct donation to the party."
Mon, Mar 20, 2017
The proposal to short list 10 big projects on priority basis was discussed during a meeting of NITI Aayog officials and representatives from various states on March 7, a senior government official said.
In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.
Wed, Mar 01, 2017
Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.
Tue, Feb 28, 2017
Reliance Infra said, “The company is committed to develop a robust defence business contributing significantly to the national security and to be self-reliant in defence segment. It is confident in becoming one of the leading defence companies in India.”
Analysts at India Ratings said, “The operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite increase in input costs. Demand will be backed by an increase in government expenditure.”
Wed, Feb 22, 2017
Bharat Electronics Limited's (BEL) Offer for Sale (OFS) is oversubscribed by 2.34 times.
Institutional Investors on Tuesday bid around 2.09 crore equity shares, subscribing by 234% against 89.34 lakh equity shares offered.
Mon, Feb 20, 2017
Assocham-Grant Thorton research said that the food processing sector has capability to attract $33 billion in investments and generate employment of 90 lakh persons by 2024.
Sun, Feb 19, 2017
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). Prior to that, FPIs had invested over Rs 20,000 crore in the capital market in September 2016.
Mon, Feb 13, 2017
If it sells the stake to trim its holding to 69%, it could raise up to Rs 20,000 crore, a report by the Economic Times said. "...a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69%," it noted.
"Political party is not a commercial venture. Please remember in a democracy, it is the people who must fund the political parties. If you want a party-based democracy, political parties must be funded by people," he said here while responding to a question on why political parties are exempted from paying income tax.
Sun, Feb 12, 2017
GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.
"January witnessed around 125 transactions contributing over US$3 bn, which is a 55 per cent increase in values over the same month last year," Prashant Mehra, Partner at Grant Thornton India, was quoted as saying in a statement.
Let's hope, by the time he publishes his next Survey, at least in some part of the country, his idea of the UBI gets experimented and therefore we start thinking on steps which overnight, at least where it is experimented, can bring poverty rates down. I think that will help us in reaching the destination 30 years from now," Jaitley said.
Sat, Feb 11, 2017
Finally iOS users can now send and receive money via BHIM app. They just have to download the app through App Store by searching ‘BHIM NPCI app’ . After installing, the icon will appear on your iPhone. However, BHIM does not work on the non-cellular iPAD’s.
Wed, Feb 08, 2017
Acharya added, "There is a need for speedy and efficient resolution of stressed assets as it probably could help in restoring the utilisation capacity in this sector while further creating healthy investment in the system and at the same time would also support banks to again start lending in the same sectors again."
While maintaining a status quo on its sixth bi-monthly monetary policy, the Reserve Bank of India (RBI) pointed out on economic factors like Gross Value Added (GVA) growth and Consumer Price Index (CPI) or Retail Inflation growth for the coming fiscal year (FY18).
Mon, Feb 06, 2017
The government intends to raise Rs 110 billion from the listing of state-owned insurance companies, Rs 465 billion from the sale of stakes in state-owned companies on local stock exchanges and Rs 150 billion from strategic sales in 2017-18.
Sun, Feb 05, 2017
"It will not be one company. It will not be wise to put all eggs in one basket. There will be multiple companies...but all these will be integrated," Pradhan told reporters here following the budget presentation earlier last week.
"We are working on the numbers. The third quarter numbers are not all in. The results are coming in and the information we have we are adding it up to our number crunching exercise," the official said.
"We will come out with a revised mechanism. The powers will be delegated to the regulators or to the individual ministries or department (for dealing with remaining 10 per cent FDI proposal which requires government approval)," Das told PTI in an interview.
According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 1,246 crore in equities during February 1-3 and another Rs 1,098 crore in the debt segment, translating into a total inflow of Rs 2,344 crore.
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