New Delhi, Dec 3: The finance ministry Monday said Rs 91,149 crore has been issued so far to exporters as GST refunds, which are 93.77 per cent of total claims with the tax authorities. In a statement, the ministry said Rs 6,053 crore worth GST refund is still pending […]
MUMBAI – The Securities and Exchange Board of India (SEBI) allowed exchanges to start commodity trading an hour earlier to increase participation of different stakeholders, the market regulator said in a statement on Friday. The commodity markets can open at 9 a.m. local time (0330 GMT), instead of […]
NEW DELHI – To his supporters, new Reserve Bank of India (RBI) board member Swaminathan Gurumurthy is a philosopher who will set India on a path of self-reliance. His detractors paint him as an ideologue who has pushed the government into a series of policy blunders. What neither […]
MUMBAI/NEW DELHI – For all the cordiality on show at the end of Reserve Bank of India’s last board meeting, tensions could re-surface when it next gathers on Dec. 14 as the government aims to ramp up pressure for changes in the way the central bank operates. A […]
MUMBAI – A Reserve Bank of India board meeting began on Monday with investors waiting to see if central bank and government policymakers could bridge differences over several key issues. Top government officials and one independent director have pressed the RBI to ease lending and capital rules for […]
NEW DELHI/MUMBAI – As Prime Minister Narendra Modi’s government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year’s general election it is getting the central bank’s board to take on a much more powerful role, according to […]
Washington, Nov 10: Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing […]
Mumbai, Nov 9: Benchmark stock indices opened on a negative note Friday following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month. The BSE Sensex was trading 114.08 points, or 0.32 per cent, lower at […]
Indian shares made modest gains in a special “muhurat” one-hour trading session for Diwali on Wednesday, shored up by large-cap IT and financial stocks. The benchmark Sensex rose 0.7 percent to 35,237.68, while the broader Nifty climbed 0.65 percent to 10,598.4. Software services exporter Infosys Ltd was the […]
Mumbai, Nov 6: The BSE Sensex regained the 35,000-mark by recovering over 200 points at the start of the last trading session of the Samvat year 2074 Tuesday on buying in auto, banking and metal stocks amid fresh foreign fund inflows and encouraging corporate earnings. The 30-share index gained […]
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