Jaitley calls for speedy and time-bound resolution of bad loans of banks

Finance Minister Arun Jaitley today assured balance-sheet stressed firms that the key objective of NPA resolution is not liquidation of their businesses but to save them. He said, the objective is to make sure that these valuable assets are preserved.Addressing an insolvency summit organised by Conf...

Govt extends GST return filing date to August 25

The last date for filing returns and payment of taxes under the GST regime has been extended by five days. The returns can now be filed till the 25th of this month. Earlier, the cut-off for filing maiden GST returns for July was scheduled to end tomorrow.In a statement, the finance ministry said, ce...

NPA resolution not to liquidate companies, but to help save them: Jaitley

Finance Minister Arun Jaitley today assured balance-sheet stressed firms that the key objective of NPA resolution is not liquidation of their businesses but to save them. He said, the objective is to make sure that these valuable assets are preserved.Addressing an insolvency summit organised by Conf...

India needs to grow at 9-10 per cent to lift millions out of poverty: Amitabh Kant

Niti Aayog CEO Amitabh Kant said, India needs to grow at 9-10 per cent per annum for the next three decades for lifting millions of people out of poverty. Speaking at an eventin New Delhi today, Kant further said there is a need to make India an easy place to do business. He also said India needs to...

India's forex reserves increases by 163.8 m US Dollars

India's foreign exchange reserves have increased by 163.8 million US Dollars to touch a new lifetime high of 393.612 billion dollars in the week ended 11th August 2017. An RBI release said foreign currency assets, a major part of the overall reserves rose by 175.6 million Dollars to 369.899...

RBI to shortly issue new Rs 50 currency note

Sensex plunges by more than 300 pts

At the stock markets, after a weak opening, the Sensex at the Bombay Stock Exchange lost further ground, and had plunged 370 points, or 1.2 percent, to 31,426 a short while ago. The Nifty at the National Stock Exchange had slumped 95 points, to 9,810. The market was dragged down by a huge 12 per cen...

First shipment of American crude oil worth USD 100M to reach India next month

The first shipment of American crude oil worth USD 100 million will reach India next month, with US President Donald Trump promising to be a reliable, long-term supplier of energy to India's developmental needs.The shipment of crude oil to India comes nearly two years after the then US pres...

Sensex surges 167 points to 31,938, Nifty rises 51 points to reclaim 9900 level

The BSE Sensex surged 167 points to 31,938 in early trade today on widespread gains following sustained buying by domestic institutional investors.The NSE Nifty rose 51 points to reclaim the 9,900-level.Hong Kong's Hang Seng moved up by 0.14 per cent, while Shanghai Composite Index rose 0.3...

Govt revises up 2016-17 grain output to record 275.68 million tonnes

The government today revised upward the country's overall foodgrain production by 2.3 million tonnes to a record 275.68 million tonnes in 2016-17 crop year that ended in June. Releasing the 4th Advance Estimates of production of major crops for 2016-17, the Agriculture Ministry said, record...