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Finance-Economy-News-The Economic Times

Latest News and Analysis on Government Finances, Public Financing, Government revenue and spending, Bank Credit, Financial Regulation by government and central bank RBI's policy on banking.

Last Build Date: Tue, 17 Jan 2017 15:48:49 GMT

Copyright: Copyright:(C)2017 Bennett Coleman & Co. Ltd,

India inks financing pact with World Bank for $48 million

Mon, 16 Jan 2017 15:49:47 GMT

(image) According to the statement, the project will directly benefit about 600,000 people.

High tax revenues reflect mop-up from income disclosure scheme: SBI

Mon, 16 Jan 2017 12:27:58 GMT

(image) SBI Ecowrap says 7.1 per cent growth estimated by the CSO translates into 6.1 per cent and 7.8 per cent growth respectively, in third and fourth quarters of this fiscal.

Four global private equity funds bid for tower vision

Sun, 15 Jan 2017 19:08:32 GMT

(image) Bharti Airtel has also put its stake in Bharti Infratel on the block and is engaged with a clutch of PE investors to sell the stake that is valuing the company at around $11 billion.

NPCI declares Rs 54.90 crore prize money for NITI Aayog's lucky draw schemes

Sat, 14 Jan 2017 15:38:06 GMT

(image) They were launched on December 25 last year and shall remain open till April 14, 2017, a NPCI statement issued said in Mumbai.

Demonetisation: RBI's own figures indicate return of 15 lakh crore of banned notes

Sat, 14 Jan 2017 09:18:40 GMT

(image) RBI had earlier dismissed reports about 97% of the demonetised currency returning to its coffers. But now its own weekly figures show a different picture.

Post notes ban, card transactions shot up by 90 per cent Q3 FY17: India Ratings

Fri, 13 Jan 2017 16:04:00 GMT

(image) India Ratings expects most companies in the organised retail sector to post low single digit growth with varying impact across different sub-sectors.

Forex reserves down by more than $1bn due to revaluation of gold reserves

Fri, 13 Jan 2017 13:40:06 GMT

(image) The major reason for the dip in reserves is because of revaluation of the gold reserves with the central bank which is done every month end.

Trade deficit at $10.4 bn on export, import rise

Fri, 13 Jan 2017 12:56:46 GMT

(image) Merchandise exports grew 5.72 per cent year-on-year to $23.88 billion last month.

Demonetisation: After Notebandi, banks flush with money, but companies in no shape to borrow

Fri, 13 Jan 2017 10:41:59 GMT

(image) While rising NPAs is one reason for the decline in corporate borrowings, declining demand has also contributed to the lending downturn.

CBDT prods officials to meet tax collection targets

Fri, 13 Jan 2017 08:35:01 GMT

(image) The Central Action Plan 2016-17 has fixed the target to collect 20 per cent of the net demand raised during the year.

Tata Capital Housing reduces home loan rate by up to 35 bps

Thu, 12 Jan 2017 11:53:00 GMT

(image) For home loan up to Rs 75 lakh, rate has been reduced to 8.75 per cent from 9.10 per cent earlier. Women borrowers will get loans 0.5 per cent lower rate at 8.70 per cent.

Government to sell its 51 per cent stake in Pawan Hans, transfer control

Thu, 12 Jan 2017 10:59:34 GMT

(image) The government has sought applications from entities to act as transaction advisor for the proposed disinvestment of its stake in the company.

Government confident of Rs 45-50,000 crore from disinvestment in FY17

Thu, 12 Jan 2017 06:12:51 GMT

(image) "We will reach very close to the target. It would be closer to Rs 50,000 crore," a senior govt official said. He said that at least two strategic sales are expected in the current year.

Post demonetisation: India running on half the cash

Wed, 11 Jan 2017 20:11:48 GMT

(image) Currency in circulation is Rs 8.98 lakh crore, as per latest data. This is 50.04% less than the currency levels of Rs 17.97 lakh crore as on November 4, before the note ban.

Over 24,000 agreements inked in Vibrant Gujarat Summit

Wed, 11 Jan 2017 18:13:16 GMT

(image) Sectors which had attracted maximum proposals are urban development, mineral based projects, animal husbandry, fisheries and cooperation and power, oil and gas sector among others.