New Delhi: Days after the budget was announced by the finance minister Arun Jaitley, former Union Minister P Chidambaram said the latest Budget's measures do not meet the 3.6 per cent fiscal deficit target for
New Delhi: Government kitty has swelled by Rs 12,591 crore with the sale of three mines to Hindalco, Jindal Power and Indrajit Power today, the third day of the second tranche of coal block auctions.Amid
New Delhi: Hindalco Industries and Jindal Power have bagged one mine each on the third day of the second phase of the coal block auctions. Hindalco Industries has bagged Dumri mine in Jharkhand for an
Mumbai: With the second surprise 25 bps repo rate cut by the Reserve Bank of India (RBI) on March 4, the policy rates have reached neutral and the average policy rate over the next three
Mumbai: Global financial services firm Moody's on on Thursday lauded India for setting up a new mechanism to tame inflation through the Reserve Bank of India (RBI)."The new mechanism targeting inflation will increase predictability of
New Delhi: The second day of the biggest ever telecom spectrum auction ended on Thursday with total bids growing to about Rs 65,000 crore, as the telecom operators bid aggressively across all bands including those
Mumbai: The second unscheduled cut on Wednesday - within two months - in the repo rate at which the Reserve Bank of India (RBI) lends to commercial banks was not as unexpected as the first
Mumbai: State Bank of India (SBI) today hinted that its biggest share sale issue, which may fetch a whopping Rs 10,000-15,000 crore, may hit the markets “anytime”.The nation's largest lender said it has all the
Kolkata: Former Union Finance Minister and senior BJP leader Yashwant Sinha today welcomed the Reserve Bank of India's decision to cut the key policy rate by 25 basis points and described it as a ‘positive
New Delhi: Government has very little room for tax concessions as India's tax-to-GDP ratio is very low in comparison to global average, Minister of State for Finance Jayant Sinha said today.“Our tax-to-GDP ratio is simply
New Delhi: Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the
Mumbai: India's largest mortgage lender State Bank of India (SBI) would decide on reducing its interest rates on the basis of emerging circumstances.Welcoming the Reserve Bank of India (RBI) decision to cut its key lending
New Delhi: President Pranab Mukherjee on Wednesday said India needs strong defence forces for not only ensuring peace but also safeguarding its territorial integrity.Mukherjee, the Supreme Commander of Indian armed forces, was speaking after awarding
New Delhi: India Inc Wednesday welcomed the central bank's surprise decision to reduce key lending rates by 25 basis points."Coming on the back of a growth-oriented budget, the unexpected cut in headline interest rate by
New Delhi: Expecting a near-term boost to economy from RBI's rate cut, Minister of State for Finance Jayant Sinha today said the decision should bring down the loan EMIs significantly and there is room for
New Delhi: Government today began the second round of coal mine auctions by putting on offer four blocks - all in Jharkhand - with firms including Adani Power, JSW Steel, SAIL and BALCO in the
New Delhi: Expecting a near-term boost to economy from RBI's rate cut, Minister of State for Finance Jayant Sinha today said the decision should bring down the loan EMIs significantly and there is room for
New Delhi: The much-awaited auctions for spectrum or airwaves for the 800 MHz, 900 MHz, 1800 MHz and 2100 megahertz (MHz) bands began today morning with eight companies in the fray."The auction process has started
New Delhi: Within days of presentation of the Budget, the Reserve Bank today surprised markets by reducing the benchmark interest rate by 0.25 per cent to 7.5 per cent on the back of softening inflation
New Delhi: The government will give a one-time ‘short window' to holders of blackmoney abroad to declare their wealth, pay taxes and penalty and escape prosecution under the proposed stringent law to deal with the
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