Business

November 2, 2018 1:54 PM

GST collection crosses Rs 1 lakh crore for second time since launch

Collections from Goods and Services Tax crossed one lakh crore rupees mark for the second time since its launch in July last year.  The government said the total gross GST revenue collected in October 2018 is 1 lakh 710 crore rupees.  In the previous month, the GST revenue was 94,000 crore rupees. G...

October 31, 2018 7:42 PM

Growth of 8 infrastructure sectors slows down to 4.3% in September

Growth of eight infrastructure sectors slowed down to 4.3 per cent in September this year, the lowest in the last four months, as production of crude oil and natural gas declined. According to the data released today by the commerce and industry ministry, Fertiliser grew by 2.5 percent, cement by 11...

October 31, 2018 7:38 PM

Oil prices rise today after two days of losses

Oil prices today rose, recovering some ground after two days of losses, as markets braced for the imposition of U.S. sanctions on Iran next week and stock markets clawed back some of their recent losses. Brent crude prices, in intra day trade today, were trading around 76 dollars and 50 cents per ba...

October 31, 2018 5:15 PM

Gold at nearly 6-yr high of Rs 32650 amid increased festive demand

Gold prices today rallied for the second consecutive session, rising by 30 rupees to touch nearly six-year high of 32,650 rupees per 10 gram at Delhi bullion market amid increased festive demand.   Silver, however, continued to remain weak and fell by 40 rupees to 39,200 rupees per kg due to tepid d...

October 31, 2018 2:27 PM

FM Arun Jaitley criticises RBI for indiscriminate lending by banks

Finance Minister Arun Jaitley has criticised the Reserve Bank of India for failing to check indiscriminate lending during 2008 to 2014 that led to the current crisis of bad loan or NPA in the banking industry. Speaking at the India Leadership Summit organised by US-India Strategic Partnership Forum ...

October 30, 2018 8:36 PM

Meeting of Financial Stability and Development Council held

The Financial Stability and Development Council, FSDC, held a meeting in New Delhi on Tuesday which was presided over by Finance Minister Arun Jaitley.  RBI Governor Urjit Patel, financial sector regulators and top officials of the Finance Ministry attended the meeting.  It reviewed the progress in ...

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