New Delhi: Regressive foreign direct investment (FDI) policy of the government has hurt Indian defence industry, the Federation of Indian Chambers of Commerce and Industry (FICCI) has said.In a communication addressed to the secretary of
New Delhi: Foreign Direct Investment inflows from Mauritius have almost halved during April-February period of last fiscal to $4.48 billion, according to the data of the Department of Industrial Policy and Promotion (DIPP).India had received
New Delhi: As they continue their efforts to clamp down on the menace of black money, India and other countries will have to wait at least till 2017 before the new global standard for automatic
Mumbai: Rapid implementation of GST and reduction in fiscal deficit should be the thrust areas for the new government that will help the country achieve 7-7.5 per cent growth, Planning Commission Deputy Chairman Montek Singh
New Delhi: A new government is unlikely to bring any cheers to the domestic retail industry unless it spells out its foreign direct investment policy for the sector in which investors are holding back investments
New Delhi: In a worrying trend, there has been a nearly four-fold rise in cases of gold smuggling as 148 such instances were reported and yellow metal worth about Rs 245 crore was seized by
New Delhi: Gold imports declined over 74% to $1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.Imports of gold in
Mumbai: State-run Central Bank of India today reported a decline of 4 per cent in net profit to Rs 162.44 crore for the January-March period due to rise in non-performing assets.The bank had reported a
Mumbai: Rapid implementation of GST and reduction in fiscal deficit should be the thrust areas for the new government that will help the country achieve 7-7.5 per cent growth, Planning Commission Deputy Chairman Montek Singh
Hyderabad: State-run Andhra Bank today reported 74 per cent decline in net profit at Rs 88.08 crore for the quarter ended March 31 on higher provisioning for Non-Performing Assets (NPA).The bank's net profit for the
New Delhi: Asserting independence of the central bank, Reserve Bank Governor Raghuram Rajan today said it is he who determines the monetary policy and the government can fire him if it wanted.“I determine the monetary
New Delhi: The Indian economy can grow well over 6% this fiscal if a stable government assumes office and carries out systemic reforms, new president of industry body CII Ajay S Shriram said on Thursday. “We
Mumbai: Aggrieved investors who termed Financial Technologies Chairman Jignesh Shah as India's biggest scamster, demanded here today, that the case against him should be fast tracked, so that he is convicted and his assets which
Mumbai: In line with stock markets, the rupee ended higher by 6 paise at 60.07 against the dollar on fresh selling of the American currency by banks and exporters in view of strong capital inflows.The
New Delhi: Finance Minister P. Chidambaram Thursday said the “economy has stabilised” and the government is taking steps to curb inflation.Praising the government's efforts to stabilise the economy, Chidambaram said the government is selling food-grains
New Delhi: India today launched its own payment gateway ‘RuPay', equivalent of Visa and Mastercard, which will work on ATMs and mechant outlets and help in reducing cash transactions.President Pranab Mukherjee unveiled the indigenous card
New Delhi: RBI Governor Raghuram Rajan has an outstanding record and the next government must respect his appointment, Finance Minister P Chidambaram said today. “The Governor...(has) been appointed having regard to his outstanding record, his
Mumbai: Following the Reserve Bank's move to allow minors to open and operate accounts, the State Bank of India, the nation's largest lender, today said it will start a special scheme for children shortly. “We
New Delhi: Union Finance Minister P Chidambaram today said that the economy has stabilised and the investment cycle must start again for high growth. The capex plan for 23 PSUs is estimated at Rs 1.33 lakh
New Delhi: Assuring Bhartiya Mahila Bank of fund support, Finance Minister P Chidambaram on Wednesday exuded the confidence that the first all-woman bank will play a key role in promoting financial inclusion and improving the
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