New Delhi: The government is looking to cap premature provident fund withdrawals at 75 per cent for EPFO subscribers at any given time till the age of 58.Under the existing provisions, Employees Provident Fund Organisation
New Delhi: With Greeks' rejection of rescue package from creditors spooking markets, the government today asserted that India is well insulated from the crisis but rupee may be affected due to the outward flight of
New Delhi: Finance Minister Arun Jaitley is leaving for Russia on Monday evening to participate in the inaugural meeting of the BRICS-backed New Development Bank.During the four-day visit, he will also be participating at the
New Delhi: Billionaire industrialist and India's richest Mukesh Ambani has not taken a pay hike for seven years, but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).However,
Mumbai: Riding on the booming e-commerce space and increasing adoption of non-cash transactions, the combined share of SBI and its five associate banks in the debit cards space has touched 25 per cent in the
New Delhi: Amid the likelihood of a stormy Parliament session, Finance Minister Arun Jaitley today made a strong case for passage of GST and land acquisition bills saying they were necessary to create jobs and
New Delhi: Pitching for passage of land acquisition and GST bills in Parliament, Finance Minister Arun Jaitley today said policy reforms and 8-10 per cent economic growth are a must to eliminate poverty.With Congress and
Kolkata: The government will create two separate e-auction windows for coal, targetted at stressed power companies without blocks or linkages till the new framework is out.Speaking to reporters on the sidelines of an interactive session
Bengaluru : Subsidiaries of global aerospace major Airbus and leading auto maker Mahindra will jointly produce helicopters in India to meet the country's growing military needs."A joint venture will be set up soon to become
Mumbai: A digitally connected India will bring "tremendous power" in the hands of citizens by connecting them to the rest of the world, Ratan Tata said today, lauding the government's 'Digital India' programme."I'm delighted that
Mumbai: State Bank of India has said a further cut in base rate by the lenders will be possible only if there is a substantial pick up in loan growth, which it expect from the
Chennai: Confident of economic recovery, RBI Governor Raghuram Rajan today said capital investments are picking up but a stronger growth would require more reforms and clearing bottlenecks for stalled projects.Rajan, known for critical analysis of
New Delhi: Top industrialist Ratan Tata has bought a stake in online taxi-hailing firm Ola, the company said today.Ola however did not disclose the size of the stake taken or the money invested, saying the
Mumbai: Future manufacturing may remain sluggish in India due to declining output and new order flow, including from overseas and fall in order-to-inventory ratio while robust capital goods growth is a glimmer of hope, says
New Delhi: Pitching for a higher growth of 8 to 10 per cent to eradicate poverty, Union Finance Minister Arun Jaitley has said the country is no more satisfied with the current rate."India is no
New Delhi: The Finance Ministry on Wednesday asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.The tax department, yesterday, made fully operational its
New Delhi: Government yesterday gave three months time till September 30 for people to declare their undisclosed foreign income and assets to escape prosecution under the new black money law, while tax and penalty on
Bengaluru : State-run Hindustan Aeronautics Ltd (HAL) will impart aerospace and aviation skills to 520,000 trainees and groom 6,000 trainers to create human capital for the burgeoning sector across the country over the next 10
New Delhi : The Reserve Bank of India today fixed the reference rate of rupee at 63.6223 against the US dollar and at 70.7671 for the euro as against 63.7549 and 71.2015 respectively yesterday.According to
New Delhi: To curb the rise in onion prices, government today extended by one year the ban on hoarding the kitchen staple beyond the prescribed limit.The decision was taken at a meeting of the Cabinet
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