New Delhi: The foreign direct investment (FDI) flows into India more than doubled to USD 3.60 billion in May, the highest in the last eight months.In May 2013, the country had received FDI worth USD
New Delhi: New challenges have emerged in the arena of tax administration in the wake of globalisation and economic integration, President Pranab Mukherjee has said. He was interacting with a group of 141 officer trainees,
New Delhi: In an oblique reference to judicial intervention in matters related to environment, BJP's Goa Chief Minister Manohar Parrikar today said only governments should decide on the economic trajectory of India. “Economic trajectory of the
New Delhi: The Delhi Electricity Regulatory Commission (DERC) has hiked electricity tarriff in Delhi by 8.32% for the three electricity distribution utilities — BSES Rajdhani Power Limited, BSES Yamuna Power Limited and Tata Power Delhi
New Delhi: 45 power plants in the country have a coal stock of less than seven days and the power supply position between April and June during peak demand fell short by 5,295 MW, the
Mumbai: The Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary Authority of Hong Kong for exchange of supervisory information.“The RBI today signed a memorandum of understanding (MoU) for supervisory
New Delhi: Gautam Adani-led Adani Ports and Special Economic Zone today said it has received environment and other nods from the PM Narendra Modi-led NDA government for its 8,481 hectares special economic zone, a move
New Delhi: India's exports grew by 10.22 per cent to $26.4 billion in June this year while imports stood at $38.24 billion, up by 8.33 per cent, leaving a trade deficit of $11.76 billion, according
New Delhi: The Reserve Bank of India (RBI) has eased long-term infra-bond sales norms for infrastructure financing. These long-term bonds are typically issued by banks for infra debt.The move will encourage infrastructure development and affordable
New Delhi: Price of diesel sold to bulk consumers like Railways and State Transport Corporations was today cut by Rs 1.09 per litre in line with falling international rates.However, diesel sold to retail consumers like
New Delhi: State Bank of India on Tuesday slashed the interest rate on short-term fixed deposits up to 179 days by 0.5 per cent, a move expected to be followed by other lenders. Interest rate
Mumbai: The ease in wholesale price index based inflation in June is “temporary” and is likely to accelerate going ahead due to poor rainfall and higher vegetable prices, India Ratings and Research said today. The
New Delhi: Mutual fund (MF) managers raised their exposure in bank stocks to an all-time high of nearly Rs.55,000 crore in June this year amid soaring equity markets. According to the latest data available with
Mumbai: Top banker Chanda Kochhar has said there can be some addition to the non-performing assets (NPAs) of banks during the current fiscal, but the worst appears to be over. “There will be some addition to
Fortaleza: Prime Minister Narendra Modi will launch his first multilateral engagement with BRICS leaders, giving top priority for the establishment of the BRICS development bank with equal share holding for all the five members.India is
New Delhi: Lower food and fuel prices have helped India's wholesale price index (WPI)-based inflation in June easing to a four-month low of 5.43%. Last month the wholesale prices rose at their fastest pace in
New Delhi: Brushing aside criticism of not having done enough reforms in the Budget, Finance Minister Arun Jaitley has said this was the beginning of the journey and he did all he could do under
New Delhi: The Budget announcements by Finance Minister Arun Jaitley on opening defence and insurance sectors to higher FDI will attract more foreign investors which will help in strengthening the rupee, says a report.The maiden
New Delhi: Finance Minister Arun Jaitley today promised more concessions in income tax when the economy improves.“We do not want a high taxation regime. It was because of the high taxation regime of the previous
New Delhi: Amid industry apprehensions, Revenue Secretary Shaktikanta Das on Saturday said the government would shortly take a view on whether controversial tax law GAAR should be implemented from the scheduled date of April, 2015."It
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