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  Business   Economy  03 Aug 2017

Business, Economy, 03 Aug 2017

Bad loan resolution to start shortly, RBI to take up more

RBI has already identified top 12 loan defaulters and more cases will be taken up by them for resolution.

03 Aug 2017 7:24 PM

Interest rates to slowly become reasonable: Arun Jaitley

Jaitley also says LIC has come out with a pension scheme to offer fixed rate of interest to investors.

03 Aug 2017 6:20 PM

Services sector contracts by most in 4 years on GST woes: PMI

PM a measure of services sector output on a monthly basis plunged to 45.9 in July.

03 Aug 2017 6:16 PM

Govt officials feel RBI should have cut rates by 50-75 bps

The RBI lowered its main policy rate by 25 basis points to 6 percent on Wednesday.

03 Aug 2017 6:02 PM

Govt drafting central law to deal with chit fund schemes: Jaitley

Chit fund schemes attract investors by offering a meagre 1-1.5 pc interest rate higher than what is given by banks.

03 Aug 2017 5:00 PM


Onions act pricey as wholesale rates surge to Rs 25/kg

Retail rates inched up in Delhi too, ruling in the range of Rs 30-35 per kg on Thursday.

03 Aug 2017 4:37 PM

Govt launches probe into Rs 7.51 crore bribery in NHAI project

Road Transport and Highways Minister Nitin Gadkari says media had reported bribery incidence.

03 Aug 2017 3:59 PM

Kerosene subsidy will also go; price to rise 25 paise every fortnight

Govt has asked state-owned oil marketing companies to start implementing phase-out of kerosen subsidy.

03 Aug 2017 2:35 PM

Jaitley defends SBI decision to cut saving account interest rate

SBI to cut interest rate on saving accounts with less than Rs 1 cr deposit to 3.5 per cent from 4 per cent.

03 Aug 2017 1:27 PM

RBI's rate-cut puts onus of economic growth back on Modi govt

Bad corporate loans, slow factory output, farm loan waivers and disruption of supply chain due to GST could disrupt India’s growth.

03 Aug 2017 12:19 PM


India to feature among top 3 economic powers in 10-15 years: John Chambers

The executive chairman of Cisco also said that India will grow with the strength of its democracy and partnerships.

03 Aug 2017 11:27 AM

Jaitley indicates scope for rationalisation of GST rates

He also said there cannot be a single slab in a country like India which has a large population below poverty line.

03 Aug 2017 10:27 AM

RBI becomes first Asian central bank to ease policy rates in 2017

The RBI said reduced prices provided 'some space' for monetary policy accommodation.

03 Aug 2017 9:36 AM

Rate cut is an important step for growth: Centre

The government had been pitching for a rate cut to boost economic growth amid retail inflation falling to a historic low of 1.54 per cent in June.

03 Aug 2017 3:45 AM

RBI cuts repo rate to 7-year low of 6 per cent

EMIs may not fall immediately, Patel worried about rise in inflation.

03 Aug 2017 3:38 AM


Cheap loans likely as RBI cuts rate after GST

Four members of the RBI’s Monetary Policy Committee voted to cut rates by 25 bps.

03 Aug 2017 3:35 AM