Business

Powergrid commissions Rs 30,300 crore transmission projects in FY16

April 5, 2016 1:03 PM

Powergrid commissions Rs 30,300 crore transmission projects in FY16

Power Grid Corporation of India Limited (POWERGRID) has commissioned transmission projects worth Rs 30,300 crore during 2015-16. It is the highest-ever commissioning achieved by the Navratna company in its history. The Company achieved the planned Capex of 22 thousand 500 crore rupees. The commissio...

India keen to re-engage with EU on stalled FTA talks: Nirmala Sitharaman

April 5, 2016 7:57 AM

India keen to re-engage with EU on stalled FTA talks: Nirmala Sitharaman

Negotiations for the proposed free trade agreement, FTA with the European Union, EU may resume as India yesterday said it is keen to sign the free trade pact with the 28-nation bloc at the earliest. It also said New Delhi will soon approach the authority for a meeting of chief negotiators.The statem...

RBI to announce easier monetary policy, hopes Jaitley

April 4, 2016 6:35 PM

RBI to announce easier monetary policy, hopes Jaitley

Finance Minister Arun Jaitley has expressed hope that Reserve Bank will announce an easier monetary policy. He argued that the government has stuck to fiscal deficit commitments. Inflation has been under control, he said. Therefore, the movement to make the economy more competitive with more competi...

IT dept processes more than four crore income tax returns

April 4, 2016 4:26 PM

IT dept processes more than four crore income tax returns

Income tax department has processed more than four crore income tax returns, an increase of over 35 per cent over the previous year. The Central Board Direct Taxes (CBDT) in a release said, Centralized Processing Centre at Bengaluru has issued refunds to the tune of 37 thousand 870 crore rupees in a...

E-comm norms to provide level playing field, clarity: Nirmala

April 4, 2016 3:35 PM

E-comm norms to provide level playing field, clarity: Nirmala

Government today said that e-commerce guidelines have brought in greater clarity about the sector and they will provide a level playing field to both online and offline stores. Talking to media in New Delhi this afternoon, Commerce and Industry Minister Nirmala Sitharaman said, she is very enthused ...

India jumps to 6th place in top-10 manufacturers list

April 3, 2016 2:23 PM

India jumps to 6th place in top-10 manufacturers list

India has been ranked sixth among the world's Top-Ten largest manufacturing countries. Previously, India was 9th rank in the United Nations Industrial Development Organization (UNIDO) report.The Yearbook, published by the UNIDO says that in India, the Manufacturing Value Added grew by 7.6 p...

Delhi CM urges PM Modi to stop privatization of IDBI

April 2, 2016 9:56 PM

Delhi CM urges PM Modi to stop privatization of IDBI

Delhi Chief Minister Arvind Kejriwal on Saturday wrote to Prime Minister Narendra Modi requesting him to stop proposed privatisation of IDBI Bank.In a letter, Mr Kejriwal said, IDBI is a profit making entity and selling of shares of profit making bank is not a good decision.He also said, the Non Per...

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