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Socio-Economic and Caste Census a guiding light for policymakers: Arun Jaitley

India Infoline News Service | Mumbai | July 03, 2015 20:56 IST

The first Socio Economic and Caste Census released in eight decades, would be instrumental in determining the course of government policies by aiming at groups for planning support, Finance Minister Arun Jaitley told media.

Pradhan Mantri Krishi Sinchai Yojana: Irrigating a culture of de-risked farming

India Infoline News Service | Mumbai | July 03, 2015 20:01 IST

Accordingly, state and district level plans would be chalked out to promote conservation and efficient use of water resources. The allocation for the current financial year is Rs 5,300 crore, expected to cover six lakh hectares under irrigation and 5 lakh hectares under drip irrigation.

Service activity contracts yet again; Nikkei Services PMI at 47.7 in June

India Infoline News Service | Mumbai | July 03, 2015 13:18 IST

The Composite Output Index fell from an average reading of 53.3 in January-March to 51.0 in the three months to June, suggesting that GDP growth have weakened in April quarter.

Urban gridlock! With Modi's intiatives, India set for a mature infrastructure

Mumbai | July 03, 2015 11:07 IST

Recasting the urban landscape and building planned cities would require a 360 degree holistic approach by the centre & state governments, financial institutions, developers, and highway and urban management companies to bridge the rural and urban development divide.

Greek situation is more of a political decision, says K Harihar, FirstRand Bank

India Infoline News Service | Mumbai | July 03, 2015 10:52 IST

The market has grasped the fact that most private players have hedged their exposure and hence, will bear minimal impact.

60bn needed for breathing space! Five key questions about IMFs financing to Greece

India Infoline News Service | Mumbai | July 03, 2015 09:31 IST

Terming Greeces debts as unsustainable, fund officials are unlikely to put a proposal for a third Greek bailout to the IMF board; the only exception being if there comes a commitment from Greece to economic reform and debt relief.

Top economy news of the day - July 3, 2015

India Infoline News Service | Mumbai | July 03, 2015 08:26 IST

Government has allocated Rs. 2bn for three years to set up an online national agriculture market by integrating 585 wholesale markets across India -- a move that would help farmers realise better prices

RBS reduces NSE targets to 9,200; blames slower pace of reforms

India Infoline News Service | Mumbai | July 02, 2015 20:55 IST

Media reports said that Rajesh Cheruvu, RBS Private Banking India chief investment officer said that he fears that the forthcoming elections in Bihar might put the reforms agenda on a slower pace, as the central government might not put in strong decisions fearing a backlash from the voters.

Many challenges if resolution needed on Greek Banks: Fitch

India Infoline News Service | Mumbai | July 02, 2015 20:36 IST

Greek banks have issued limited debt, so ESM rules would theoretically make uninsured deposits vulnerable to bail-in if a bank were to suffer material erosion of own funds before any resolution action.

RBI to allow Account Aggregator NBFCs; to set up Financial Inclusion Advisory Committee

India Infoline News Service | Mumbai | July 02, 2015 19:36 IST

Deputy Governor Harun R Khan highlighted the measures being taken to move towards less-cash less-paper based payment system, with focus on creating more acceptance infrastructure for the huge numbers of plastic cards issued by banks and upscaling mobile banking.

Make in India can't be a success without National Policy for Skill Development: Rahul Kapur

India Infoline News Service | Mumbai | July 02, 2015 19:28 IST

Make in India campaign will not be a success without ensuring Indias population gets converted to workforce; this National Policy for Skill Development and Entrepreneurship will ensure skill training becomes as aspirational as formal education by raising training standards, ensuring standardization and designing industry relevant training programmes, increasing the existing coverage and mobilization by using IT platforms, creating global market ready workforce and building capacity, training infrastructure, trainers etc.

Top Economy News of the day

India Infoline News Service | Mumbai | July 02, 2015 18:02 IST

The government and the central bank are in discussions over recapitalisation of state-owned banks

Venkaiah Naidu meets U.S. industry executives, urges them to invest in India

India Infoline News Service | Mumbai | July 02, 2015 17:21 IST

He emphasized upon the human face of reforms such as social security schemes and affordable housing. Minister Naidu also urged investors to take advantage of the business friendly atmosphere in the country, inviting further cooperation in Smart Cities and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) projects.

India's exposure to Greece is very limited, no need to worry over crisis: Raghuram Rajan

India Infoline News Service | Mumbai | July 02, 2015 14:59 IST

Maintaining that India's exposure to Greece is very limited and indirect, RBI Governor Raghuram Rajan said that untoward developments in Greece can lead to risk-off trade. However, he assured that Greece crisis will result in initial burst of volatility and the foreign exchange buffers are fairly reasonable to deal with that.

GDP growth expected at 7.4-7.6% in FY16: ICRA

India Infoline News Service | Mumbai | July 02, 2015 14:38 IST

Following bouts of unseasonal rainfall in the pre-monsoon period, the surplus monsoon rainfall in June 2015 has encouraged early sowing of crops and quelled fears that had arisen when the India Meteorological Department forecast a deficient monsoon for 2015.

Direct Benefit Transfer has been game changer for India: Arvind Subramanian

India Infoline News Service | Mumbai | July 02, 2015 12:20 IST

Chief Economic Advisor said that Direct Benefit Transfer or PAHAL has been a game changer by the government, and has helped cut subsidised cooking gas sales by 25%.

Economics for Everyone Economics and concept of curves

AICAR Business School | Mumbai | July 02, 2015 12:17 IST

Economics and Economists have a way explaining the rationale of their decisions through some interesting curves and Graphs. Let us see some of the important concept of curves.

CCEA approves Pradhan Mantri Krishi Sinchayee Yojana: FM

India Infoline News Service | Mumbai | July 02, 2015 12:03 IST

The major objective of the PMKSY is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation (Har Khet ko pani), improve on-farm water use efficiency to reduce wastage of water, enhance the adoption of precision-irrigation and other water saving technologies (More crop per drop).

Greek crisis will surely lead to a revision in EU nation credit profiles: Mythili Bhusnurmath

India Infoline News Service | Mumbai | July 02, 2015 12:03 IST

European bonds will also meet the same fate till the Greek issue is fully resolved. A temporary rush towards a safer bet should not concern India as the flows will most likely come back.

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Recent Reports

Weak start to the July series; Sensex, Nifty to open lower

India Infoline Research Team / 08:44, Jun 26, 2015

IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.