Kolkata: The major concern states have regarding the goods and services tax (GST) rollout is "revenue loss" and it is required to be addressed, the West Bengal government said on Saturday."We are not against GST
New Delhi: Driven by reforms momentum and decline in inflation, India is expected to see a growth rate of 5.6 per cent in 2014-15 even as the GDP expansion slowed in the second quarter, says
New Delhi: The Reserve Bank of India may keep policy rate unchanged in its upcoming monetary policy review on Tuesday even as the Finance Minister and industry clamoured for the rate cut to prop the
New Delhi: Hitting back at RBI Governor for his views on Financial Sector Legislative Reforms Commission (FSLRC) recommendations, its Chairman B N Srikrishna today said Raghuram Rajan was once in favour of an appellate tribunal
Mumbai: Accusing Congress of following an obstructionist approach, Finance Minister Arun Jaitley today said the government was committed to going ahead with reforms measures to take India back to original potential of 8 per cent
Varanasi: India will soon attain an 8-9 per cent annual growth rate and become a USD 3-trillion economy, President Pranab Mukherjee said today even as he stressed that there should be clarity as to the
New Delhi: The Finance Ministry expects the economy to record a growth rate of 5.4-5.9 per cent this year as it said 5.3 per cent second-quarter GDP expansion is on expected lines."The growth in the
Mumbai: Easing restrictions on gold imports, the Reserve Bank on Friday scrapped the controversial 80:20 scheme, a move which the industry believes will bring down prices of the precious metal.Under the 80:20 norm, put in
Singapore: India is well-positioned to attract investments from the likes of Japan, US, Europe and even China given its geographical location, size of domestic market and relatively lower cost structure, a Singapore minister said."The development
New Delhi: Terming the WTO agreement on trade reforms and foodgrain stockpiling as ‘historic', the industry stated the development will give a boost to the world trade."While the decision on public holding for food security
New Delhi: Indian economy grew at a better- than-expected rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sectors.The Gross Domestic Growth (GDP) in the
New Delhi: The Indian economy logged 5.3 per cent growth in the second quarter of this fiscal, against 5.7 per cent in the first quarter, making ground for the central bank to ease interest rates
New Delhi: Reserve Bank of India allowed banks to extend loans up to Rs 10 lakh to individuals against long-term infrastructure bonds issued by them, thus easing loan norms for low-cost housing.“In order to provide
New Delhi: The Reserve Bank of India (RBI) is likely to hold interest rates at its monetary policy review meeting on December second but is expected to lower them by 50 basis points next year,
Mumbai: Introducing a new concept of niche banking in India, the Reserve Bank of India (RBI) has issued final norms for payment banks and small finance banks that would allow mobile firms and supermarket chains,
Geneva/New Delhi: Ending months-long deadlock, the WTO has approved a trade facilitation pact while agreeing to India's demand for continuing the peace clause till a permanent solution is found to the food stockpiling issue, crucial
Kathmandu: Seeking to strengthen economic ties within the SAARC region, Prime Minister Narendra Modi today proposed a special purpose facility to finance infrastructure projects and called for common standards to speed up trade activities."Let's make
Washington: Despite the successful Indo-US Trade Policy Forum meet in New Delhi this week, the American business community has said it would wait and watch on Modi government's trade policies, particularly the areas of concern."We
Anand (Gujarat): The Reserve Bank of India (RBI) Governor, Raghuram Rajan, has said that the Central bank is ready to give banks more flexibility in restructuring of stressed loans if it facilitates recovery of stalled
New Delhi: Public sector banks may take a hit of Rs 96,484 crore due to cancellation of coal blocks to power projects, Minister of State for Finance Jayant Sinha said.The Supreme Court had in September
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