The Reserve Bank of India on Tuesday cut repo rate by 25 basis points to 6.25 per cent from 6.50 per cent in its fourth bi-monthly policy statement for the year 2016-17. All six member
Describing South Asia as a global growth hotspot, the World Bank has said India's GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017.
In a bid to achieve a full-year disinvestment target of Rs 56,500 crore, Modi government has prepared a plan for disposal of controlling stakes in 22 listed and unlisted companies. According to a report in
With agriculture income growth "at an above-trend 4 per cent", India's real gross domestic product (GDP) is expected to grow this fiscal at 7.9 per cent, while annual retail inflation would remain contained at 5
Amid lender's consolidation with its associate banks, Arundhati Bhattacharya has been granted one year extension by the government as the chairman of State Bank of India. According to top government sources, the incumbent SBI chairman
The Income Declaration Scheme by the government has evoked blackmoney worth Rs 65,250 crore during its four-month compliance window that ended on September 30, Finance Minister Arun Jaitley said today. Jaitley said 64,275 declarations were
A week after the Income Tax Department raided the roadside eateries across the country, owners of such premises in and around Mumbai have come out with undisclosed income amounting nearly Rs 50 crore. People who
India's biggest auction of telecom spectrum kicked off today morning with seven operators in fray for a total of 2,354.55 MHz across seven bands, towards which a reserve price of Rs 5.66 lakh crore ($85
Gaining momentum in rise of industrial output, India’s core industries production rose by 3.2 per cent in August on the back of production of steel, fertilisers and refinery products, official data showed on Friday.
Price of petrol today saw the third increase in two months as it went up by 36 paise per litre, whereas that of diesel was cut by 7 paise a litre in line with international
Working to meet its promised April 1, 2017, deadline for the rollout of Goods and Services Tax, the government today said the first meeting of the GST Council was held in a "very cordial and
As per the Income Declaration Scheme (IDS), September 30 is the last day to declare unaccounted income, or ‘black money’ and if you happen to be one of those who fall in that bracket, either rush or brace yourself to be dealt with an iron hand.
Republican presidential nominee Donald Trump’s fortune has taken an $800 million hit since launched his presidential campaign, according to an analysis in Forbes published Wednesday. The fortune of real estate mogul currently is estimated at
In order to extend the working hours on the last day of Income Declaration Scheme to receive declarations under the one-time domestic black money window, the Central Board of Direct Taxes (CBDT) on Wednesday asked
The Supreme Court on Wednesday extended the interim parole of Sahara chief Subrata Roy till October 24 and asked him to deposit another Rs 200 crore by that time. A bench of Chief Justice
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a productivity-linked bonus (PLB) amounting to Rs 2,090.96 crore to more than 12.25 lakh non-gazetted railway employees. The Indian Railways will pay out
Amidst reports that India would soon withdraw the most favoured nation (MFN) status to Pakistan in the aftermath of the Uri terror attack, Assocham today pointed that there hasn’t been any major difference because of
The parliamentary panel on finance has decided to examine the Cabinet approved merger of Railway Budget with General Budget along with its "ramifications thereof". Putting an end to a 92-year-old practice, the Cabinet had
Yoga guru Ramdev's Patanjali Ayurved may soon invest Rs 1,600 crore for setting up a herbal food park in Noida, Uttar Pradesh. The company aims to meet domestic as well as global demand of the
The US aerospace and defence manufacturer Boeing has been contracted by the Unites States Department of Defence for supply of all-weather, over-the-horizon, anti-ship Harpoon missiles worth $81 million (Rs 5,400 crore) to India. According to
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