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  Business   Economy  15 Jun 2017

Business, Economy, 15 Jun 2017

Forex reserves on BoP basis shoot by USD 21.6 bn 2017: RBI

In FY17, fall in current account balance was to the tune of USD 15.3 billion as against a decline of USD 22.2 billion in FY 2016.

15 Jun 2017 9:13 PM

Fuel price drop: Petrol by Rs 1.12/litre, diesel by Rs 1.24/litre

From tomorrow, petrol and diesel rates will be revised in sync with any movement in international oil rates.

15 Jun 2017 7:50 PM

Fitch gives NTPC 'BBB-' rating with a stable outlook

It said NTPC's ratings benefit from its dominant market position and regulated business model, which provides certainty of cash flows.

15 Jun 2017 7:14 PM

Indian Oil sets up control rooms to oversee daily price revisions

The control room cell at 70 Divisional Offices will be manned by technical, operations and retail sales officers of IOC.

15 Jun 2017 6:36 PM

Tower companies term GST rules for cell towers 'regressive'

Mobile tower companies said the government's move to not allow tax adjustments on bills they raise to telecom operators is regressive.

15 Jun 2017 6:21 PM


EPFO slashes claim settlement period

EPFO also reduced the grievance redressal period to 15 days from 20 days.

15 Jun 2017 5:22 PM

India's oil imports from Iran plunge over gas field row

India plans to order about a quarter less Iranian crude due to a snub over development of Iran's Farzad B gas field.

15 Jun 2017 4:48 PM

Lack of infra biggest issue in daily fuel price change

Petrol pump owners in the city feel the liabilities of the public sector oil companies have been conveniently pushed on to their heads.

15 Jun 2017 4:31 PM

GST Council to vet e-way, anti-profiteering rules on Jun 18

As per the draft, GSTN would generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled.

15 Jun 2017 3:59 PM

India was top remittance-receiving country in 2016

About 200 million migrants globally sent more than $445 million in 2016 as remittances to their families.

15 Jun 2017 3:01 PM


Civil aviation ministry seeks deferment of GST implementation

Airlines say making changes in global ticket distribution system to ensure compliance with GST would take time.

15 Jun 2017 2:04 PM

Granite industry calls for reduction in 28 pc GST

Granite sector is a labour intensive sector and employs over 75,000 people directly and indirectly.

15 Jun 2017 1:29 PM

Bankers hail RBI move to name top dud loans

Total NPAs stand at over Rs 8 trillion of which Rs 6 trillion are with public sector banks.

15 Jun 2017 9:42 AM

US Fed raises key interest rate to 1.0-1.25 per cent

Fed signals another increase likely this year, despite recent spate of weak economic data.

15 Jun 2017 9:17 AM