RBI to link base rate with MCLR

The Reserve Bank of India has said that it will link the base rate with the MCLR from 1st of April this year to ensure expeditious transmission of its policy rate to borrowers. In a statement, RBI said, though it had introduced the Marginal Cost of Funds based Lending Rates (MCLR) system with effect...

Sensex recovers by 470 points to 34,666 in opening trade

The benchmark BSE Sensex recovered by 470 points, or 1(point)36 per cent, to 34,666 in opening trade today. Nifty at the national stock exchange is also up by 55 points to trade at 10,553 points. Meanwhile, the rupee strengthened by 20 paise to 64.04 against the dollar at the interbank forex market ...

Sensex recovers by 470 pointsto 34,666 in opening trade

The benchmark BSE Sensex recovered by 470 points, or 1(point)36 per cent, to 34,666 in opening trade today. Nifty at the national stock exchange is also up by 55 points to trade at 10,553 points. Meanwhile, the rupee strengthened by 20 paise to 64.04 against the dollar at the interbank forex market ...

Accounting norm exemption to enable IRFC raise additional debt

Indian Railway Finance Corp (IRFC) can now raise additional debt of more than 63,000 crore rupees, following the government exempting it from the ambit of a Indian Accounting Standard pertaining to deferred tax liability. An official release said, the corporate affairs ministry has exempted certain ...

RBI to announce sixth bi-monthly monetary policy for 2017-18 today

Govt doubles import duty on sugar to 100%, hikes chana to 40%

The government has doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 per cent and on chana is 30 per cent. Central Board of Excise and Customs (CBEC) has issued notification in this ...

RBI to announce sixth bi-monthly monetary policy for 2017-18 today

Govt doubles import duty on sugar to 100%, hikes chana to 40%

The government has doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 per cent and on chana is 30 per cent. Central Board of Excise and Customs (CBEC) has issued notification in this ...

Govt doubles import duty on sugar to 100%, hikes chana to 40%<br/>

The government has doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At present, customs duty or import tax on sugar is 50 per cent and on chana is 30 per cent. Central Board of Excise and Customs (CBEC) has issued notification in this ...

54% hiked for smart city mission in budget: Hardeep Singh Puri