New Delhi: The RBI and the Finance Ministry need to work in harmony, former Prime Minister Manmohan Singh said today, even as he stressed on the need to keep the central bank's autonomy intact.The comments
Beijing: Prime Minister Narendra Modi will meet CEOs of top Chinese firms, including head of e-commerce giant Alibaba Jack Ma, during his next week's China visit when he is expected to make a strong pitch
New Delhi: Industry body Federation of Indian Chambers of Commerce and Industry (Ficci) on Saturday welcomed the government's move to launch three new social security schemes which it said is intended at widening the financial
Mumbai: Continuing its weakness, the rupee dipped below the 64-mark to trade at 64.25 against the American currency, its lowest since September 2013 on sustained capital outflows by foreign funds.Sustained dollar demand from importers and
Washington: India's growth rate is expected to rise to 7.5 percent this year and next, making it one of the fastest growing economies in the world, according to the IMF's latest economic health check.The other
New Delhi: The union cabinet on Wednesday approved revision of the Double Taxation Avoidance Agreement (DTAA), which was signed in 1985 between India and South Korea to avoid double taxation and prevent fiscal evasion with
New Delhi: The government on Wednesday enhanced the Foreign Investment Promotion Board's powers to recommend FDI proposals of up to Rs 3,000 crore. Earlier, the investment board had powers to recommend for investment approval of up
Mumbai: India's per capita retirement and pension assets as a percentage of GDP is among the lowest in the world, according to survey report by Reliance Capital Asset Management. India has 15.1 per cent of retirement
Hervé Falciani, a former employee of HSBC Private Bank (Suisse) in Geneva has written a open letter to Prime Minister of India Narendra Modi. He hoped that PM Modi would take significant steps in this
The Competition Commission has rejected allegations of unfair business practices against five online retail majors - Flipkart, Snapdeal, Amazon, Jabong and Myntra - as it did not find any prima facie evidence of violations.The complaints
New Delhi: Making a fresh bid to locate Sahara investors eligible for refunds, capital markets regulator SEBI has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.The
New Delhi: Fund raising through retail issuance of non-convertible debentures (NCDs) plunged by 77 per cent to Rs 9,743 crore in 2014-15.According to data available with the Securities and Exchange Board of India (SEBI), the
New Delhi: Seeking to calm investor jitters, Finance Minister Arun Jaitley on Thursday offered tax relief to FIIs by exempting some of their income from minimum alternate tax (MAT) and announced that an "extremely simplified" income
London: Wipro, India's third-largest IT services firm, expects its headcount to come down by about 47,000 in the next three years as it stresses on automation, artificial intelligence and digital services.According to a source, Wipro
Mumbai: The new priority lending norms issued by the Reserve Bank will ensure a 40 percent increase in credit flow to the under-funded segment of small and marginal farmers at Rs 85,000 crore this fiscal,
New Delhi: The World Bank projects India's GDP to expand to 7.5 per cent in the current fiscal on account of increased economic activity and greater stability."India's economic growth is expected to rise to 7.5
Washington: Reliance Industries chairman Mukesh Ambani on Monday regained his position as the world's richest Indian with a net worth of $19.6 billion, pushing Sun Pharmaceuticals founder Dilip Shanghvi back to the second place after
Tel Aviv: Maharashtra government has started an initiative to develop Mumbai into a global financial centre, Chief Minister Devendra Fadnavis here said, as he sought to attract Israeli investments in his state. In his address
New Delhi: Promising a business friendly environment to woo foreign investments, Finance Minister Arun Jaitley today made it clear that retrospective tax will not be imposed and that taxation policy has to be "non-adversarial". "Our Taxation
New Delhi: It was believed that Finance Minister Arun Jaitley would withdraw the LPG (liquefied petroleum gas) subsidy for those who fall in the 30-percent tax bracket. However, this budget included no such measure. Thereafter,
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