New Delhi: After inaugurating a newly-minted facility to make special paper for currency notes at Hoshangabad in Madhya Pradesh a day before, Finance Minister Arun Jaitley on Tuesday pushed for greater use of plastic money."The
Mumbai: The first set of new banking licences will be issued by August, taking the number of such private financial institutions operating in the country to more than 12."I hope to announce at least one
Mumbai: The rupee trimmed its initial gains and was down by 2 paise to 63.72 per dollar in late morning deals on bouts of dollar demand from importers on the back of higher dollar overseas.The
Mumbai: Giving in to overwhelming demands for an easing of the monetary policy, the Reserve Bank of India (RBI) on Monday lowered its short-term lending rate by 25 basis points in a move that could
New Delhi: The Reserve Bank has allowed foreign investors to invest up to 40 per cent of the paid up capital in Adani Ports and Special Economic Zone Ltd (APSEZ) under the Portfolio Investment Scheme
New Delhi: With inflation and fiscal deficit under control, bankers and industry leaders expect the Reserve Bank to lower its key policy rate today to support economic activity and boost investment.The wholesale price index based
Mumbai: Asserting that values are very important in both professional and personal lives, Reserve Bank Governor Raghuram Rajan has asked students not to take economic freedom for granted.Rajan was addressing the students of the Dhirubhai
Already struggling to cope with rising inflation, the common man will now have to make their pockets adjustable to the revised service tax structure. With effect from today, service tax charges have been increased from
New Delhi: Eating out, mobile phone usage and air & rail travel have become expensive from today with the government hiking service tax rate to 14 per cent.The government's proposal to increase the rate of
New Delhi: Thanks to benign inflation and better fiscal numbers, bankers and industry leaders expect RBI to lower its key policy rate tomorrow to support economic activity and boost investment.The wholesale inflation hit a new
New Delhi: Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.Price of aviation
New Delhi: Reliance Industries has overtaken state-owned Oil and Natural Gas Corp (ONGC) to become the nation's most profitable company, posting a consolidated net profit of Rs 23,566 crore in the 2014-15 fiscal.ONGC, which posted
New Delhi: The new service tax rate of 14 per cent will come into effect from today, a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.The
Zurich: Having started making public the names of Indians and other foreign nationals with Swiss bank accounts that are under scanner, Switzerland will now publish a list of accounts that have remained unclaimed for 60
New Delhi: The Finance Ministry today came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, while it also extended the
New Delhi: People will have to shell out more from tomorrow while using mobiles, eating out and travelling as the service tax rate goes up to 14 per cent.Finance Minister Arun Jaitley in his Budget
New Delhi: RBI is expected to cut its policy rate on Tuesday to prop up economic activity and boost investment as inflation remains low and fiscal deficit has been contained.Deflationary pressure persisted for the sixth
New Delhi: With the Reserve Bank of India's second bi-monthly monetary policy review of this fiscal coming up, the government on Saturday strongly urged central bank Governor Raghuram Rajan to cut interest rates."I only ask
Vijaywada: An amount of Rs 27,000 crore is lying as unclaimed in the Employee Provident Fund, Union minister of state for Labour, Bandaru Dattatreya said here today."A sum of RS 27,000 crore is lying as
Bhopal: Buoyed by the country's GDP growth of 7.3 per cent in FY 2014-15, Union Finance Minister Arun Jaitley today said India has the potential to improve the economic growth to double-digit.“The country has the
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