Not-so-fast consumer goods will take time to regain pace
Uploading Date : 06-02-2017Indian consumer-goods companies need to wait until April for revival of growth that appeared stunted after the November 8 currency swap, which crimped the purchasing power of millions of rural households using cash to buy shampoos, soaps or packaged cookies..........
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Economists expect RBI to go for 25 bps cut next week
Uploading Date : 04-02-2017Bank credit increased by nearly Rs 1.7 lakh crore during the current financial year up to January 20, 2017, as compared to a more than Rs 11-lakhcrore increase in deposits. This huge gap in growth of banks' resources, even as demand remains tepid, points to further reduction in interest rates.............
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Economy to grow more than 7% next fiscal: Shaktikanta Das
Uploading Date : 04-02-2017Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal.............
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Allocation for food law up at Rs 1.45L crore for FY18
Uploading Date : 03-02-2017The allocation for food subsidy has been increased to Rs 1.45 lakh crore next fiscal from Rs 1.3 lakh crore this year to provide for the new food law, which has been rolled out in the entire country, Food minister Ram Vilas Paswan said today.............
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RBI permits NRIs access to ETCD market
Uploading Date : 03-02-2017RBI today allowed NRIs access to the exchange traded currency derivatives (ETCD) market to hedge currency risk arising out of their investments in India, a move aimed at providing them additional heding options..........
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MAT extension a benefit for companies
Uploading Date : 02-02-2017The extension of the minimum alternate tax (MAT) credit carry forward period to 15 years from 10 years may come as a positive step for Indian companies even though there was a strong demand to scrap it, industry experts said..........
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Inflation to be below 5% in FY17, trend to continue: Economic Survey
Uploading Date : 02-02-2017Retail inflation is likely to be well below RBI's target of 5 per cent in the current fiscal as demonetisation would discourage any price headwind, the Economic Survey for 2016-17............
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Markets remain under pressure as FM tables Economic Survey
Uploading Date : 31-01-2017Benchmark indices remained under pressure, falling for the second consecutive session with the Nifty struggling below 8,600 level with investors cautious as Budget session begins today with FM Arun Jaitley presenting Economic Survey for 2016-17.........
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