Oil prices plunge to 5 year low

The price of oil has taken another dive, plunging to five-year lows amid mounting evidence that global supplies are far outstripping demand. The US Energy Department yesterday reported a surprise increase in domestic oil inventories and OPEC projected that demand for its crude would sink next year t...

Arun Jaitley to meet state Finance Ministers today on GST

Union Finance Minister Arun Jaitley will be holding meeting with his State counterparts today to iron out the challenges in rolling out the Goods and Services Tax, GST. He informed this while replying to a debate on demand for grants in the Lok Sabha yesterday. The Centre is working towards rolling ...

Arun Jaitley to meet state Finance Ministers tomorrow on GST

Finance Minister Arun Jaitley will meet state finance Ministers tomorrow to iron out the challenges in rolling out the Goods and Services Tax, GST. This was stated by Mr Jaitley while replying to a debate on demand for grants in the Lok Sabha today.The meeting will discuss some of the challenges tha...

More state based schemes should be created: Arun Jaitley

Finance Minister Arun Jaitley said that the present NDA government stands for cooperative federalism and empowering the states to take their own decisions. Responding to the queries of the members about the structure of the planning commission, Mr. Jaitley said that the government wants to give more...

India need structural reforms to achieve 7-8% growth: Jayant Sinha

Minister of State for finance Jayant Sinha today said that India need a deep structural reforms to achieve a sustainable and non-inflationary growth of 7-8 per cent over longer period of time. Addressing the 5th Delhi Economics Conclave 2014 in New Delhi Mr. Sinha said the government has to ensure 7...

Lending rates can be cut when credit picks up: SBI<br/>

British companies waiting for Insurance Bill passage: London Mayor

The Lord Mayor of London, Alan Yarrow has said that British insurance companies are keenly waiting for the passage of the Insurance Bill, which will pave the way for increasing foreign direct investment into the insurance sector from 26 percent to 49 per cent. He was speaking to reporters after inau...

Shareholders waking up to their rights: SEBI chief

Enthused by a growing awareness among investors, SEBI Chairman U K Sinha has said that a large number of proposals made by promoters and management at listed companies are getting defeated by the share holders. Speaking at an event in Mumbai on Tuesday, Mr. Sinha said that there is a lot of interest...

WTO rules against US on steel dispute; India says major victory

SBI launches first homegrown economic indicator

The State Bank of India has launched two indices namely the SBI Monthly Composite Index and the SBI Yearly Composite Index that will primarily track manufacturing activity and offer a forward-looking economic trends. SBI Chairperson Arundhati Bhattacharya told reporters in Mumbai that the Index will...