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More From Economy

  • an app to help you file tax returns is on its way

    An app to help you file tax returns is on its way

    August 27, 2015 10:46 IST

    New Delhi: The Central Board of Direct Taxes (CBDT) is looking for a way to come up with a mobile app that is likely to let users check their tax account .Users can use this

  • china problems don t point to urgent risk of global crisis

    China problems don't point to urgent risk of global crisis: Raghuram Rajan

    August 27, 2015 5:25 IST

    London:  Acknowledging China's status as a major cog in the global economy, Reserve Bank of India Governor Raghuram Rajan on Wednesday, however, allayed fears that its recent problems meant that another global crisis was around

  • adverse developments have impacts on rest of world raghuram

    Adverse developments have impacts on rest of world: Raghuram Rajan

    August 26, 2015 1:39 IST

    London:  A day after a rout in Chinese stocks triggered the biggest ever carnage in Indian markets, RBI Governor Raghuram Rajan today said China is a big country and every adverse development has impacts, even

  • moody now says india s economic potential still high

    Moody now says, India's economic potential still 'high'

    August 25, 2015 12:31 IST

    New Delhi: Precisely a week after it lowered India's growth forecast for this year, Moody's on Tuesday said the country's economy reflected some growth potential and even hinted at a ratings upgrade it sees some

  • sushma swaraj invites diaspora to invest in india

    Sushma Swaraj invites diaspora to invest in India

    August 24, 2015 12:46 IST

    Cairo: Noting that India's economy has rebounded strongly after NDA came to power, External Affairs Minister Sushma Swaraj has invited the diaspora to invest in the country as she listed steps taken by the government

  • sensex sinks 1 625 pts in biggest single day fall since 2009

    Sensex sinks 1,625 pts in biggest single-day fall since 2009

    August 24, 2015 16:38 IST

    Mumbai: As stocks and rupee hit new lows, Reserve Bank Governor Raghuram Rajan today allayed fears citing strong macroeconomic fundamentals of the country which are much better than many others."I wish to reassure the markets

  • 8 10 percent growth possible arun jaitley

    8-10 percent growth possible: Arun Jaitley

    August 23, 2015 20:58 IST

    Kolkata:  While giving a call to break away from obsolete policies to develop the country's eastern region, union Finance Minister Arun Jaitley on Sunday said it was possible to achieve 8 to 10 percent economic

  • serious challenges to steel power discoms sugar industries

    Serious challenges to steel, power, discoms, sugar industries: Arun Jaitley

    August 23, 2015 20:17 IST

    Kolkata: Union Finance Minister Arun Jaitley on Sunday said the steel, power and the sugar sector along with the discoms remain stressed sectors and the government is addressing the challenges involved."There are serious challenges in

  • bandhan joins indian banking league with 501 branches

    Bandhan joins Indian banking league with 501 branches

    August 23, 2015 20:18 IST

    Kolkata: Bandhan Bank on Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.Bandhan said it

  • bandhan bank to fund smes create jobs arun jaitley

    Bandhan Bank to fund SMEs, create jobs: Arun Jaitley

    August 23, 2015 19:02 IST

    Kolkata: Newly-launched Bandhan Bank will fund lakhs of small and medium entrepreneurs, create jobs and act as a response to agrarian poverty, Finance Minister Arun Jaitley said on Sunday."A great institution is being born in

  • india nepal to ink petroleum pipeline deal on monday

    India, Nepal to ink petroleum pipeline deal on Monday

    August 23, 2015 17:07 IST

    Kathmandu: The much awaited Nepal-India petroleum pipeline project is set to take-off with the signing here on Monday of an MoU for construction of the 41-km Amlekhgunj-Raxaul petroleum pipeline with Indian assistance.Nepal's Minister for Commerce

  • indian economy couldn t achieve expected boom rajnath singh

    Indian economy couldn't achieve expected boom: Rajnath Singh

    August 23, 2015 7:16 IST

    Lucknow: Union Home Minister Rajnath Singh yesterday termed as "painful" washout of monsoon session of Parliament and said due to which important legislations could not be passed and expected boom in economy could not be

  • egypt looking for indian investment regional security

    Egypt looking for Indian investment, regional security cooperation

    August 22, 2015 16:03 IST

    New Delhi:  Increasing bilateral investments, a greater role for India in regional security and stability and fighting terrorism are among the key issues that are likely to come up for discussion during External Affairs Minister

  • more hiring salary hikes in coming months survey

    More hiring, salary hikes in coming months: Survey

    August 22, 2015 7:21 IST

    New Delhi:  Indian employers have a bullish recruitment outlook for the coming months as they plan to hire more workers and increase salary levels, a survey says.According to CareerBuilder India's Midyear Job Forecast Study, 73

  • payments bank license to promote massive digital

    Payments bank license to promote massive digital transactions: Mukesh Ambani

    August 22, 2015 5:30 IST

    Mumbai:  Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Friday said the payments bank license issued to its joint venture with the State Bank of India (SBI) will promote massive adoption of digital transactions with

  • court summons spicejet kalanithi maran in tax evasion case

    Court summons SpiceJet, Kalanithi Maran in tax evasion case

    August 21, 2015 20:37 IST

    New Delhi:  A court here has issued summons to SpiceJet, its chairman Kalanithi Maran and another top company official in two tax evasion cases.Additional Chief Metropolitan Magistrate Pritam Singh on Monday issued summons to Maran, the company

  • currency devaluation raises question on china s strength

    Currency Devaluation Raises Question on China's Strength: Raghuram Rajan

    August 21, 2015 1:39 IST

    Mumbai:  Terming devaluation of currencies as a "worrisome trend", Reserve Bank of India Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raises questions about the

  • rate cuts raghuram rajan says watching monsoon impact on

    Rate cuts: Raghuram Rajan says watching monsoon impact on inflation

    August 20, 2015 17:41 IST

    Mumbai:  Amid persistent rate cut calls from the government and the industry, RBI Governor Raghuram Rajan today said the central bank is keeping a watch on monsoon and global factors to assess their impact on

  • payments banks an important step to expand rural banking fm

    Payments banks an important step to expand rural banking: FM Arun Jaitley

    August 20, 2015 4:54 IST

    Mumbai:  RBI granting payments bank licences is a significant step which will bring in more money into the system and spread the reach of banking to rural areas, Finance Minister Arun Jaitley said on Wednesday."RBI

  • uae to raise india investments to rs 5 lakh cr boost trade

    UAE to raise India investments to Rs 5-lakh cr; boost trade

    August 17, 2015 23:41 IST

    Abu Dhabi/Dubai: To bolster economic ties, the UAE today agreed to enhance its investments in India to USD 75 billion (about Rs 5 lakh crore) including through a dedicated infrastructure fund, while the two nations will

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