Govt to continue focusing on inclusion, access in 12th plan |
| 09/04/2010 10:21 AM |
| Sudha Pillai, member secretary of the Planning Commission has said that the 12th Plan will continue to focus on government services, right to education and food security, reports CNBCTV18. |
Govt to allow 55lakh bale cotton export from Oct 1 |
| 09/04/2010 10:08 AM |
| The Government will allow unrestricted export of 55 lakh bales of cotton from October 1 as export duty will be lifted, reports CNBCTV18. There is meeting on 15 November to review decision on cotton exports on 15 November. |
Why was there an error in stating Q1 GDP? |
| 09/04/2010 08:54 AM |
| The error in stating the first quarter GDP numbers has raised a number of questions on the quality of Indian statistics. In an interview with CNBCTV18’s Latha Venkatesh, the Director General of the Central Statistical Organisation, SK Das spoke about how the error in using the deflator to calculate GDP at market price occurred. |
Capital flows must be managed: Subbarao |
| 09/04/2010 06:40 AM |
| India should move toward capital account convertibility on a calibrated basis, Duvvuri Subbarao, governor of the Reserve Bank of India (RBI), said on Friday. |
FY11 tax collection may top budget estimate |
| 09/03/2010 04:48 PM |
| India\'s tax collections could beat budget estimates of 7.46 trillion rupees (USD 160 billion) in the fiscal year to endMarch 2011, Revenue Secretary Sunil Mitra said on Friday. |
Corp tax rates may be reduced if eco warrants it: Rev Secy |
| 09/03/2010 02:41 PM |
| Corporate Tax Rates can be reduced if the economy warrants it. That\'s the word coming in from Revenue Secretary Sunil Mitra. |
Food and fuel inflation accelerates |
| 09/03/2010 09:26 AM |
| India\'s food and fuel inflation accelerated in the third week of August, maintaining pressure on the Reserve Bank of India (RBI) to tighten monetary policy. |
DTC: Taxing on banks or banking on tax? |
| 09/03/2010 07:56 AM |
| The Direct Taxes Code Bill, 2010 (‘DTC Bill 2010’) was tabled before the Parliament on 30 August 2010. It is proposed that the Incometax Act, 1961 will now be replaced from 1 April 2012 and not 1 April 2011. The key provisions of the DTC Bill 2010 impacting the foreign banks are discussed below: |
Services PMI dips again in August but still robust |
| 09/03/2010 07:34 AM |
| Growth in India\'s service sector slowed for a second month in August after hitting a twoyear peak in June, but businesses were more optimistic about the outlook, a survey showed on Friday. |
See inflation at 7% by March 2011: Shankar Acharya |
| 09/03/2010 07:20 AM |
| Expressing shock over the matter, Shankarcharya of ICRIER said the error exposes inefficiency in the system. He believes there were clear signs of deceleration in the industry. |
Is the new GDP data reliable? |
| 09/03/2010 05:45 AM |
| The first quarter GDP data that came out threw up two main confusions. There was a wide gap between the supply side number which came in at 8.8%and the demand side number that came in at 3.7%. What does that say about our growth and the wholesomeness of it and our data reliability? |
No danger of double dip in Europe, says ECB\'s Nowotny |
| 09/03/2010 05:33 AM |
| Europe faces modest economic growth but no double dip back into recession, European Central Bank Governing Council member Ewald Nowotny said on Thursday. |
PDS overhaul: Govt to include more families into BPL |
| 09/02/2010 06:21 PM |
| The Centre has decided to restructure the public distribution system (PDS) to include more families into the below poverty line (BPL) bracket, reports CNBCTV18. |
DTC impact on mutual funds: Not so mutual! |
| 09/02/2010 11:31 AM |
| The Direct Taxes Code, 2010 (‘DTC’), has brought some unpleasant surprises for the mutual fund industry. Some of the key proposals impacting the industry are summarised below: |
See 25 bps hike in repo, reverse repo rate on Sept 16: RBS |
| 09/02/2010 10:28 AM |
| The Reserve Bank of India (RBI) has their next policy review taking place on September 16 and Gaurav Kapoor, Senior Economist at Royal Bank of Scotland (RBS) is of the view that they will increase key rates by 25 basis points (bps). |