Business, Economy, 16th Aug 2017, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 04:29 PM IST

Business Economy 16 Aug 2017

Business, Economy, 16 Aug 2017

Trai on Wednesday proposed to enhance roll of MNP clearing house which will have all the details of subscribers required for completion of the MNP process.

Trai eyes changes in MNP rules to put an end to request rejection

The rejection may be due to wrong submission or incorrect entry of UPC content by potential subscriber at point of sale (PoS) of RO.

16 Aug 2017 9:14 PM

Finance ministry has come down heavily on the state-owned general insurers for running their group health insurance business in perennial losses. Photo: AFP

FinMin warns state-owned insurers of perennial group mediclaim losses

Finance ministry wrote to state-run general insurers to put in place an appropriate mechanism for pricing group health covers.

16 Aug 2017 8:46 PM

Finance Minister Arun Jaitley said ongoing probes of unexplained money post note ban were among the sources to collate information about black money that figured in Prime Minister Narendra Modi's Independence Day speech. Photo: Twitter | @narendramodi

CBDT probes source of data on Modi's I-Day speech on black money

Finance Minister Arun Jaitley cleared the air on any 'confusion' regarding Modi's Independence Day speech on black money.

16 Aug 2017 8:20 PM

The Reserve Bank of India's monetary policy committee warned that prices could start accelerating.

MPC warns inflation rise; says there is space for banks to cut lending rates

The RBI cut the main policy rate by 25 basis points to a more than 6-1/2 year low of 6.00 percent on August 2.

16 Aug 2017 7:54 PM

The systematic crackdown on shell companies is perhaps one of the most tangible outcomes of demonetization.

Modi govt beefs up surveillance on shell firms in war against 'black money'

Modi's office has formed a team of top law enforcement and revenue officials to go after such companies.

16 Aug 2017 6:20 PM

Wealthy investors continued their faith in portfolio managers or advisory services as the asset base of such entities crossed Rs 13 lakh crore in July-end.

Portfolio managers in demand; total AUM rises to Rs 13 lakh crore

Portfolio manager is a body which advises or undertakes the management of a portfolio of securities of a client.

16 Aug 2017 5:41 PM

Inflation numbers have risen as expected and the Reserve Bank will go in for a "prolonged pause" before cutting rates again.

RBI likely hold policy rate, watch inflation: HSBC

The brokerage attributed the jump in inflation numbers to rising vegetable prices.

16 Aug 2017 4:27 PM

The government is likely to continue support to state banks so that they do not miss coupon payments on AT1 bonds.

Govt likely to help PSBs meet AT1 coupon bonds coupon payments

If access to AT1 market weakens, it could escalate costs of recapitalisation of state-run banks for government.

16 Aug 2017 2:59 PM

Morgan Stanley expects CPI and WPI inflation to rise further in coming months. Photo: PTI

CPI, WPI inflation to rise in coming months, further rate cut on hold: report

CPI and WPI inflation both troughed in June after three months of cooling prices.

16 Aug 2017 1:56 PM

Goods and Services Tax (GST) aims to end check posts and octroi posts to cut on transport time. (Photo: PTI)

High GST may taper Rs 5,500-cr leasing industry growth

Official says higher GST rates lead to requirement of higher working capital at any point of time.

16 Aug 2017 11:15 AM

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Shobhaa De