New Delhi: Government on Wednesday approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 per cent from 26 per cent, as the legislation could not be
New Delhi: The Union Cabinet on Wednesday approved ordinances on raising FDI in insurance sector and coal block auction.The bills could not be taken up in the Rajya Sabha, whose functioning was paralysed in the
Mumbai: The date for withdrawing pre-2005 currency notes from circulation has been extended to June 30, the Reserve Bank of India announced Tuesday.In March, the RBI had urged the public to deposit all currency notes
New Delhi: As a new year beckons, retirement fund body EPFO (Employees' Provident Fund Organisation) is set for a major overhaul in the way it manages the provident fund deposits of its over five crore
New Delhi: India remains one of the most preferred investment destinations for global investors while domestic companies expect stable economic conditions in the near term, says a survey.Leading consultancy EY said that Indian businesses expect
New Delhi: Telecom industry body COAI has requested the Department of Telecom to extend deadline for roll out of 4G services to 2020 citing various hurdles mainly delay in development of technology and regulatory procedures."DoT
New Delhi: The mutual fund industry is betting big on banking stocks as its equity exposure to the sector climbed to an all-time high of over Rs 70,000 crore in November amid the market rally.This
New Delhi: The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.The rise in bad loans
New Delhi: People have only 11-days left to exchange currency notes of various denominations, including 500 and 1,000, which were printed before 2005.The deadline for exchanging the pre-2005 notes is January 1, 2015.The Reserve Bank
New Delhi: The wholesale inflation may have hit a zero level, but economists feel it is too early to worry about a ‘deflation' possibility, as a ‘nil' rate of price rise was just a statistical
Mumbai: Raghuram Rajan says he is neither Superman nor James Bond, but he appears to have emerged as a 'lone ranger' -- fighting persistent rate cut demands, "schizophrenic" attempts to weaken RBI and even rumours
New Delhi: Government should not rush through the Coal Bill as it would lead to litigations given the contradictory provisions in it, senior Congress leader Anand Sharma said on Saturday."Why the Coal Bill has to
New Delhi: Overseas investors have poured in over Rs 14,000 crore in the Indian capital markets this month so far, taking total inflows to a staggering Rs 2.6 lakh crore this year.The net investment by
New Delhi: With domestic demand for coal likely to soar to 1.6 billion tonnes by 2020, government has said it is looking at the private sector to contribute 600 MT, while the rest will come
New Delhi: A day after the government tabled the Goods and Services Tax (GST) Bill in the Lok Sabha, Finance Minister Arun Jaitley on Saturday urged industries to build public opinion in states for passing
New Delhi: Finance Minister Arun Jaitley today said revenue department must recover the legitimate dues but there is no point in focusing on unfairly imposed taxes as they only bring “bad name”.“...the taxes which are
Chennai: Unions in the banking sector have announced five day strike next month to demand early resolution of their wage hike negotiations, said the All India Bank Employees' Association (AIBEA).In a statement issued here Saturday,
New Delhi: A day after introducing the long-pending GST Bill in the Lok Sabha, Finance Minister Arun Jaitley today said the government is "extremely determined" to push insurance sector reforms and will not allow political
New Delhi: Touting it as the "single biggest tax reform" since independence, Finance Minister Arun Jaitley has said the GST law will subsume all indirect levies including entry tax from April, 2016, which will ensure
New Delhi: Retail sector in India is expected to grow by 10 per cent to become USD 1 trillion by 2020, PricewaterhouseCoopers (PwC) said.In a report titled 'The Future of India: The Winning Leap' PwC
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