Mumbai: The rupee recovered by 5 paise to close at 63.67 against the American currency on fag-end selling of dollars by banks and exporters.The rupee commenced lower at 63.78 per dollar from last close of
The government has released draft guidelines for gold monetisation scheme, hoping to mobilise the precious yellow metal held by households and institutions and help cut imports.The gold scheme will be exempted from capital gain tax,
New Delhi: Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.“Banks are coming to meet
Seoul: South Korean President Park Geun-hye on Tuesday said that "Modinomics and Korea's 3.0 economic plans can combine to become central drivers for lifting the global economy".Addressing the India-ROK CEO Forum, Park also proposed strengthened
PM Narendra Modi returns home after three-nation tourPrime Minister Narendra Modi returned home late tonight after wrapping up his six-day tour that took him to China, Mongolia and South Korea where he held bilateral talks and signed several
New Delhi: With an investment target of 8.5 lakh crore in five years, Railway Minister Suresh Prabhu yesterday discussed with leading bankers the ways in which resources could be mobilised for rail infrastructure development.Chairing the
Ahmedabad: Aiming to attract investment in the state, Gujarat Chief Minister Anandiben Patel today addressed business leaders of China during a roadshow in Guangzhou city of Guangdong province. Patel, who is on her first foreign
Shanghai: Bengaluru based GMR Infrastructure Limited (GMR) on Monday said it has entered into an agreement with GIIC to set up industrial park in its SEZ here in Andhra Pradesh attract an immediate investment of
New Delhi: Following the passage of black money bill in both houses of parliament, Income Tax Department which is expecting a slew of declarations under the compliance window of the new bill , is likely
Mumbai: The rupee appreciated by another 4 paise to 63.47 against the US dollar in the early trade today, extending its winning streak for the fourth day on continued selling of the American currency by
New Delhi: Union Finance Minister Arun Jaitley has said that India is on track to overtake China's growth with annual expansion of more than 8 per cent.Jaitley said that he has planned a 'huge' public
New Delhi: Prime Minister Narendra Modi's visit to China has redefined the economic partnership of the two largest and fastest-growing developing economies in the world, an Indian industry lobby said on Sunday.The statement by Sumit
New Delhi: Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 crore in the financial year 2014-15.“Gross Tax Collections at Rs 12,45,037 crore has shown a
New Delhi: Bettering its own financial targets, the government has contained the fiscal deficit at 4 per cent of GDP for 2014-15 at Rs 5,01,880 crore.The revenue deficit has also been confined to 2.8 per
Kolkata: West Bengal group of ministers is slated to meet on May 19 to review the closure of 16 jute mills in the state.The group of ministers will meet again on May 19 along with
New Delhi: Finance Minister Arun Jaitley today outlined the road map for the second year of the NDA government which includes making taxation more reasonable and improving the ease of doing business in India.Maintaining the
New Delhi: Ahead of RBI's second bi-monthly monetary policy review, Finance Minister Arun Jaitley today said his “expectation” from Governor Raghuram Rajan was the same as general expectation on an interest rate cut. “My expectation
Ulan Bator: India today announced a credit line of USD 1 billion to Mongolia to expand its economic capacity and infrastructure, as they decided to upgrade their relationship from Comprehensive to “Strategic Partnership”. Narendra Modi,
New Delhi: India is firming up plans for a $1.6-trillion financing institution that will fund highway projects across the country with a 26-percent stake held by Japanese companies, to achieve a target of 30 km
New Delhi: The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said today, but kept the suspense on if the requirement of
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