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  Business   Economy  12 Sep 2017

Business, Economy, 12 Sep 2017

India's August fuel demand declines 6.1 per cent, most in 14 years

LPG sales rose 11.8 per cent to 2.06 mt while kerosene usage declined by more than 41 per cent to 2,92,000 tonnes.

12 Sep 2017 7:58 PM

Foreign investors get to up stake in Capital First to 50 per cent

Company has passed a resolution that has mandated the hike in limit of investment from FIIs and FPIs.

12 Sep 2017 7:27 PM

Manufacturing drags down IIP growth to 1.2 per cent in July

During April-July, IIP grew by 1.7 per cent, down from 6.5 per cent in the same period last year.

12 Sep 2017 6:48 PM

70 per cent people want scrapped Rs 1000 note back, claims survey

Over 86 per cent of the total Rs 16.24 trillion value of banknotes in circulation as of March 2016.

12 Sep 2017 6:27 PM

India's industrial output recovers 1.2 per cent in July

IIP or industrial output had contracted by 0.2 percent year-on-year in June.

12 Sep 2017 6:05 PM


Food prices drive up retail inflation to 3.36 per cent in August

Consumer inflation for the month of July stood at 2.36 per cent.

12 Sep 2017 5:56 PM

Centre hikes DA to 5 per cent for 1.1 crore employees, pensioners

This move will benefit about 49.26 lakh central government employees and 61.17 lakh pensioners.

12 Sep 2017 5:45 PM

Dearness allowance hiked to 5 per cent from 4 per cent

Cabinet also approves introduction of Payment of Gratuity (Amendment) Bill, 2017 in Parliamnet.

12 Sep 2017 5:37 PM

PSU bank mergers should be done after balance sheet clean up: Raghuram Rajan

Rajan also suggested that decisions need to be made by those who understand the banking system.

12 Sep 2017 4:52 PM

Hopes of money not returning post demonetisation unmet: S S Mundra

RBI had said on August 30 that as much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system.

12 Sep 2017 4:20 PM


Rahul Gandhi criticises PM Modi's economic policies

Government's economic policies demonetisation and hastily-applied GST have caused tremendous damage.

12 Sep 2017 3:47 PM

NSE extends deadline for filing annual returns to Oct 31

As per norms delay in submission of annual returns attract a penalty of Rs 100 per day.

12 Sep 2017 3:24 PM

How Kanpur's IAS officer battled power theft through digitisation

Kanpur state power department that was incurring a distribution loss of 30 per cent when she joined, currently records 15 per cent loss.

12 Sep 2017 2:59 PM

Banks face $65 bn capital shortage to meet Basel III norms: Fitch

Weak capital positions have a major negative influence on Indian banks' Viability Ratings.

12 Sep 2017 2:52 PM

Banks need $65 bn additional capital to meet Basel III norms: Fitch

Gross non-performing loan ratio reached 9.7 per cent in 2016-17, up from 7.8 per cent in 2015-16.

12 Sep 2017 2:51 PM


5 things to know about Mumbai-Ahmedabd bullet train

The 516-km long, India's first high speed rail project will cost Rs 1,10,000 crore or $16 billion.

12 Sep 2017 12:50 PM

Growth in food grain production likely to be lower this year

Slow progress on crop sowing means that there could be downside risks to its agriculture GVA growth forecast.

12 Sep 2017 12:30 PM

Direct Tax collections till Aug at Rs 2.24 lakh crore

This collection is 22.9 percent of total Budget Estimates of Direct Taxes for Financial Year 2017-18.

12 Sep 2017 10:56 AM

Farm loan waivers may lead to rise in inflation, says RBI paper

Loan waivers could add to the fiscal burden over the medium term as they are a transfer from taxpayers to borrowers, it said.

12 Sep 2017 10:32 AM