New Delhi: Indian exports to the 10-nation Asean bloc is expected to reach $ 280 billion in the next 10 years, says a Standard Chartered research report.According to the global financial services major, the India-Asean
New Delhi: A four-member committee of secretaries (CoS) set up by the government to review the gas-pricing formula will hold its first meeting with stakeholders on Monday, a petroleum ministry source said.“A committee has been
New Delhi: An eight member think tank consisting of economists, representatives from the social sector, government, industry and academics may replace Planning Commission in next few weeks.According to some media reports, Out of the eight
Hyderabad: Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax department, a top official from the Central Board of Direct Taxes
Hyderabad: Low cost airline SpiceJet is under the scanner of Income Tax Department for suspected violations of TDS (tax deducted at source) and distribution of Form-16 to its employees, a top CBDT official said today.
New Delhi: Advocating for low taxation regime, Finance Minister Arun Jaitley today said if higher taxes are levied on the tourism industry, then there will be less tourists and lesser revenue collection."If tourism industry, state
New Delhi: US-based economist Arvind Subramanian is set to be named as chief economic adviser to Prime Minister Narendra Modi's government.Subramanian's name has been cleared by finance minister Arun Jaitley and has been sent to
New Delhi: The impact of weak monsoon so far this year on India's farm production and economy is likely to be limited, the central bank said on Thursday, as rainfall levels have improved considerably over
New Delhi: India's economy is on course to grow by around 5.8% in the fiscal year to March 2015, Finance secretary Arvind Mayaram has said. He said “green shoots” of recovery are taking hold. He
Chennai: Non-banking finance companies (NBFC) have to maintain a loan-to-value ratio of 50 percent when they lend against shares, the Reserve Bank of India (RBI) stipulated on Thursday. In its circular, the RBI also stipulated that
New Delhi: Concerned over instances of corruption in the PSU banks, Finance Minister Arun Jaitley today said that government is taking steps to professionalise the management and help them strengthen their risk management system. “Professionalising
New Delhi: Foreign direct investment (FDI) flows to India surged by about 34 per cent to USD 1.92 billion in June, according to the official data. In June 2013, the country had received FDI worth
New Delhi: Top three positions continue to be captured by the same three fund houses namely HDFC, ICICI Prudential Asset Management Company and Franklin Templeton during the past three years, according to the third Annual
New Delhi: People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund (PPF) with the government notifying changes in the popular savings scheme.The government has issued a notification raising the
Mumbai: Recouping early losses, the Indian rupee today closed six paise higher at almost a three-week high of 60.61 against the American unit on constant dollar selling by exporters and some banks, amid increased inflows.
New Delhi: The Special Investigation Team (SIT) on black money is expected to submit an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court Wednesday.The SIT, headed
New Delhi: The controversial proposal of HDFC Bank to hike foreign holding may be taken up by the Foreign Investment Promotion Board (FIPB) in the next meeting following clarifications submitted by the bank. “The issue could
New Delhi: CBI Director Ranjit Sinha has written to Finance Ministry seeking details of all the cases from the Directorate of Revenue Intelligence (DRI) in which corporates have allegedly over invoiced their imports thereby causing
New Delhi: With the losses of state-run oil marketers on diesel sales below cost falling to under a rupee per litre, brokerage firm Goldman Sachs on Tuesday estimated the monthly price hikes would end after
New Delhi: ICICI Bank, the country's largest private sector bank, has launched EMI (equated monthly installments) facility on debit cards to enable its customers to convert their high value transactions into easy installments. ICICI Bank
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