New Delhi, Jan 7: Indian economy is expected to grow at 7.2 per cent in 2018-19, a tad higher from 6.7 per cent in the previous fiscal, mainly due to improvement in the performance of agriculture and manufacturing sectors, the Central Statistics Office (CSO) said Monday. The CSO estimate […]
Mumbai, Jan 6: A sudden surge in crude prices can upset the nation’s key macro-stability parameters, as it can sharply spike the current account deficit (CAD), inflation and the fiscal numbers, whittling the benefits of higher growth, warns an RBI study. Since the country is heavily dependent on oil […]
New Delhi, Jan 6: Terming Aadhaar as a “game changer”, Finance Minister Arun Jaitley Sunday said savings made through its implementation can fund three public welfare schemes of the magnitude of Ayushman Bharat — the ambitious healthcare programme to provide free hospitalisation to millions of poor people. He also […]
Mumbai, Jan 3: The rupee weakened for the second straight session Thursday, slipping by 2 paise to 70.20 against the US dollar on robust foreign fund outflows amid rising trade deficit worries. Meanwhile, the yen surged to multi-year highs on safe-haven buying following a ‘flash crash’ that spooked the […]
Mumbai, Jan 2: The Indian rupee Wednesday crashed by 75 paise, its first loss in last four sessions, to close at 70.18 against the US dollar amid strengthening of the greenback and heavy selling in domestic equities. At the Interbank Foreign Exchange (forex) market, the rupee opened lower at […]
MUMBAI – India is working towards a single national sales tax rate which could be a mid-point between 12 and 18 percent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure. The government set the range for the Goods and Service Tax […]
NEW DELHI/MUMBAI – India slashed the sales tax rate on over 20 items on Saturday in a move aimed at appealing to traders and the middle class after Prime Minister Narendra Modi’s ruling party lost elections in five states. Modi is seeking a second term in next five […]
Mumbai, Dec 21: Benchmark indices witnessed a sharp selloff in late morning trade Friday as heavyweights in realty, banking, IT and auto sectors bled as investors began booking profits in bluechip stocks. Negative global cues amid fears of a potential US government shutdown and rising tension between the US […]
New Delhi, Dec 20:RBI Governor Shaktikanta Das Thursday said he will meet representatives of private sector banks and cooperative banks next week to discuss issues and concerns. Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due […]
NEW DELHI – The Central Bureau of Investigation (CBI) said on Wednesday eight employees of state-run Punjab National Bank and two directors of a Mumbai-based private firm had been arrested in a $1.4 million fraud case. The case is separate from a much bigger one involving billionaire jeweller […]
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