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  Business   Economy  01 Aug 2017

Business, Economy, 01 Aug 2017

PSU banks need Rs 1.9 lakh cr capital by March 2019: S&P

Public sector banks will need substantial capital to make large haircuts on loans to unviable stressed projects.

01 Aug 2017 6:53 PM

Direct tax collection at Rs 1.80 lakh crore till mid-July

Govt aims to widen tax base and collect Rs 9.8 lakh crore through direct taxes in 2017-18.

01 Aug 2017 6:37 PM

Banks restructure corporate loans of Rs 2.04 lakh cr in FY17

Amount of corporate loans restructured by lenders has seen a decline in the last three financial years.

01 Aug 2017 6:32 PM

Panagariya to leave Niti Aayog, get back to academics

Columbia University was not giving him further extension and he would be leaving Niti Aayog on August 31.

01 Aug 2017 5:03 PM

Trai gives recommendations on norms for shutting down services    

Proposals form part of Trai's latest recommendations to the DoT on closure of access services by companies

01 Aug 2017 4:28 PM


Medical devices to carry MRP on packs from Jan 1, 2018, says govt

In March, NPPA had stated that 22 medical devices which have been notified as 'drugs' must all carry MRP on packs.

01 Aug 2017 4:08 PM

Niti Aayog vice-chairman Arvind Panagariya resigns

Panagariya was first vice-chariman of newly-formed planning think tank Niti Aayog.

01 Aug 2017 3:53 PM

RBI's bi-monthly MPC meet begins, 25 bps cut in repo rate likely

The central bank is meeting on August 1 and 2, which is third such meeting this year.

01 Aug 2017 3:12 PM

Wheat at Rs 2 per kg, rice at Rs 3 to be provided till 2018

FCI guarantees hiring of the godown constructed by a private party for 10 years.

01 Aug 2017 1:47 PM

RBI puts hold on NRIs buying more shares in Asian Hotels (West)

FIIs, NRIs and PIOs can invest in primary and secondary capital markets in India through Portfolio Investment Scheme.

01 Aug 2017 1:46 PM


July factory activity contracts on confusion over GST implementation

Nikkei/IHS Markit Manufacturing Purchasing Managers' Index fell to 47.9 in July from June's 50.9.

01 Aug 2017 1:34 PM

2 lakh PoP machines installed for roll out of fertiliser DBT

DBT in the fertiliser sector has been undertaken in 19 districts and it was successful in 16 of them.

01 Aug 2017 1:20 PM

RBI rate cut: What is policy rate and why it should bother you

A rate-cut will enable commercial banks to lower the interest rates at which they lend money to the customer.

01 Aug 2017 11:53 AM

India signs new free trade pact with Bhutan

Two-way trade stood at USD 808.72 million in 2016-17, up from USD 750.2 million in 2016.

01 Aug 2017 9:54 AM

I-T returns deadline extended till August 5

Earlier people slammed the I-T department on social media platform for snag in its website for e-filing of tax returns.

01 Aug 2017 12:47 AM