Business
Sensex Builds on Gains, up 54 Points in Opening Trade
The benchmark BSE Sensex made a decent start climbing 54 points to 28,281 in opening trade on Friday on sustained buying by investors amid foreign fund inflows and mixed Asian cues.
'Highest-ever' MGNREGA Outlay is Only 1% Rise: Labour Activists
The rural scheme promising minimum 100 days' employment every year -- has failed to impress workers rights groups.
Budget 2017 Profile, Where Does the Money Come from, What is it Spent on
As the budget is a financial statement about the government’s income and expenditure. Here are the details of where does the money come from and on what is it spent.
Union Budget 2017: Digi-Pay to Weed Out Corruption, New Schemes on Anvil, Says Arun Jaitley
Promotion of digital economy will clean up the system, weed out corruption and black money, and the government will soon launch an Aadhaar-based payment system to promote digital transactions for people living in hinterlands, Finance Minister Arun Jaitley...
Union Budget 2017: New Scheme For Leather And Footwear Sector
Finance Minister Arun Jaitley on Wednesday announced plans to launch a scheme for the labour intensive leather and footwear sector -- similar to the existing one for textiles -- to boost its growth and creation of jobs.
Agri-related Stocks Gain up to 5% Amid Budget Announcement
Shares of companies related to agriculture sector rose by as much as 5 per cent on Wednesday after Finance Minister Arun Jaitley announced a whopping Rs 1 lakh crore hike in credit target for the next fiscal to Rs 10 lakh crore as part of efforts to doubl...
Rupee Hits 1-month High of 67.87 on Budget Optimism, Up 8 Paise
In cross-currency trade, the Indian unit also rallied against the British pound to conclude at 84.36 from 85.11 per pound.
Economic Survey 2017: Demonetisation to Affect Growth, Hints at Populist Budget
The Economic Survey estimates that the economy will grow between 6.75% to 7.5% next fiscal. The lower range of this estimate is below the 7.1% growth estimated for FY 2016-17.
FM Jaitley May Hike Service Tax to 16-18% in Budget
Finance Minister Arun Jaitley may hike service tax rate to 16-18 per cent from the current 15 per cent in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout.
US Economy Posts Slowest Growth Since 2011
The first estimate of Gross Domestic Product showed growth of 1.9 percent in the September-December period, well below the 3.5 percent pace of the third quarter, and short of the consensus estimate by analysts of 2.2 percent.
Centre May Scrap Rs 4,500 Crore PDS Sugar Subsidy in Budget
According to sources, there are indications from the finance ministry that the existing sugar subsidy scheme could be discontinued from the next fiscal.
Budget Explainer: How is the Union Budget Made?
On February 1 Finance Minister Arun Jaitley will present the budget for fiscal year 2017-18. The making of the budget, which is the annual financial statement of the Union government, is a difficult balancing act even in regular circumstances. But this ye...
Govt Waives Rs 660.50 Cr Interest on Crop Loans For Nov-Dec
In relief to farmers who reeled under cash crunch on account of demonetisation, the government on Tuesday decided to waive Rs 660.50 crore interest on short-term crop loan for November-December 2016.
Government to Sell 10% in MOIL at Rs 365 Per Share
Government will sell 10 percent stake in state-owned manganese miner MOIL on Tuesday at a floor price of Rs 365 a share, which will fetch around Rs 450 crore to the exchequer.
First BSE IPO to Open on Monday
The IPO of 15,427,197 shares of face value of Rs 2 each will constitute up to 28.26 per cent of the fully-diluted post offer issued share capital of BSE.
Insurance Poised to Grow Significantly in India in 2017, Says Dun & Bradstreet
The insurance industry in the country is expected to grow ‘significantly’ in 2017 and coming years due to rising financial literacy and government initiatives, according to a report by consultancy firm Dun & Bradstreet.
