Finance

News: Centre’s housing for all project is expected to give the economy a Rs 15-trillion boost over the next 7 years, but its success will depend on ramping up existing urban infrastructure. The plan is expected to increase employment opportunities and help grow the services sector and the economic impact ...

News: The government’s mission to provide a bank account for every household and social security schemes for the poor is slowly taking root, with more people signing up for them, improving the prospects of achieving financial inclusion. the share of bank accounts with a zero balance has fallen to about ...

News: Approving major decisions in sectors ranging from railways and infrastructure to power and investment,the Cabinet sanctioned several key decisions such as redevelopment of railway stations and Eastern peripheral highways. The key decisions are:  Redevelopment of 400 railway stations. A proposal to do away with the distinction between different types of foreign investments through ...

News: The Centre has collected Rs 57,357 crore from indirect taxes in June this year, up 37.4 per cent compared to Rs 43,025 crore a year earlier. This was aided by a 67.4 per cent increase in excise duty collections. Various additional measures played a role in the rise in ...

News: “Cairn India’s shareholders will get access to Vedanta Limited’s Tier I metals and mining assets, which are well invested, have low cost and long life,” said Vedanta Limited’s Chairman Navin Agarwal. Despite weak commodity prices and tepid industrial activity, the company recorded revenues of Rs 73,364 crore for the financial ...

News: After two years, the government today hiked the minimum wage for workers by Rs. 23 to Rs. 160 a day from July, 1. It’s applicable to all employment verticals irrespective of the workers engaged. The decision to revise upwards the National Floor Level Minimum Wage (NFLMW) has been taken ...

News: India’s retail inflation unexpectedly slowed despite crop damage from unseasonal rains, boosting the possibility that central bank Governor Raghuram Rajan will cut rates outside the review cycle for a third time this year. While India’s inflation has slowed from an average of 6.7 percent last year, its still the ...

News: Karbonn will open assembly lines in Noida and Bengaluru and a factory in Hyderabad within the next 12 months, executive director Shashin Devsare said. Karbonn, a joint venture between the Bengaluru-based United Telelinks Ltd and Noida-based Jaina Marketing and Associates Pvt, Ltd, is seeking to test the waters for a manufacturing push under Modi’s ...

News: CMIE has reported a 8.4% rise in projects under implementation in the quarter ended June 30, the fastest since the September 2012 quarter. Private sector projects under implementation have risen by 0.8% in the June quarter. Since March 2014, projects worth about 2% of GDP have been unstalled. Progressing steadily, they ...

News: “India is back on the priority list of CEOs after Narendra Modi came to power and the government seems serious,” McKinsey CEO Dominic Barton has said and is advising his client to bet big on India once again because “India is right in the centre”. PM Narendra Modi’s high profile, the ...