Mumbai: Reserve Bank Deputy Governor HR Khan has said the central bank is in the process of formulating some guidelines which will allow customers to do small value transactions without the second factor authentication."We have
New Delhi: The GST Bill, which will bring the "single biggest tax reform since Independence", will be taken up in the next Parliament session, Finance Minister Arun Jaitley said today while asserting that concerns of
New Delhi: Against the backdrop of sliding value of rupee, Finance Minister Arun Jaitley today insisted that there was "no serious crisis" for the Indian currency as it was stabilising after few days of "volatility".Jaitley
New Delhi: India's GDP is expected to rise to 5.5 per cent in the current fiscal from 4.7 per cent last year on back of improving macro-economic situation, says the Finance Ministry's Mid-Year economic review
Chennai/New Delhi: Enforcement Directorate (ED) has issued an over Rs 608 crore showcause notice to a Tamil Nadu based Mercantile bank and leading foreign bank Standard Chartered for alleged foreign exchange violations in an illegal
New Delhi: It is always a clinical surgery at WTO where a patient can die if you miss the target, says its Chief Roberto Azevedo, which probably explains why the 20- year-old global body could
New Delhi: The Commerce Ministry is engaged in an inter-ministerial consultation on a proposal to make dual utilisation of facilities in non-processing area of SEZs.In a written reply to the Rajya Sabha, Commerce and Industry
Mumbai: The continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India, according to a survey."We believe that prolonged weakening of the
Manila: Reforms brought by Prime Minister Narendra Modi will help India grow 5.5 per cent this fiscal and, if extended, should lift growth to 6.3 percent next year, a top official in the Asian Development
New Delhi: The Cabinet today approved the Constitution Amendment Bill on Goods and Services Tax (GST), clearing the way for its introduction in ongoing session of Parliament to bring about long-pending indirect tax reforms.The Bill
New Delhi: The ‘Make in India' web portal has received as many as 4,896 queries, with food processing sector attracting maximum enquiries from investors, Parliament was informed today.“The programme has received very positive response. A
New Delhi: Finance Minister Arun Jaitley will hold pre-Budget consultations with different stakeholders including trade unions, financial institutions and economists beginning January 6.Jaitley, who would be presenting his second Budget in the end of February,
New Delhi: State-run behemoth Life Insurance Corporation (LIC) has transferred Rs 16,43.89 crore from its surplus account to the government, after distributing 95% of the total surplus as bonus to the policyholders.The amount was presented
New Delhi: The government has said it was not considering any special economic package for reviving sick sugar mills in the country."No special economic package for revival of sick sugar mills is under consideration of
New Delhi: Six proposals for foreign direct investment (FDI) in the single brand retail sector are under the process for approval, government said on Tuesday.In January 2012, India raised the FDI cap in single-brand retail
New Delhi: Coming to the rescue of the crisis-ridden budget airline SpiceJet, the Civil Aviation Ministry today said it may request Indian banks/financial institutions to extend loans of upto Rs 600 crore to the airline
New York: The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is
New Delhi: The fourteenth Finance Commission, headed by former Reserve Bank of India (RBI) governor YV Reddy, has submitted its report to President Pranab Mukherjee.The report was submitted yesterday by AN Jha, Secretary of the
New Delhi: The Reserve Bank of India (RBI) has decided to allow the banks to flexibly structure the existing loans to infrastructure and core industries projects with an option to periodically refinance these projects. Earlier
Mumbai: The Securities and Exchange Board of India (SEBI) has convened a meeting here today of industry stakeholders, including chief executives of mutual fund (MF) houses, to discuss larger policy issues, current market situation and
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