GST will mitigate ill effects of cascading: Hasmukh Adhia

Sensex surges by over 200 points in the afternoon trade; Rupee gains 17 paise against US Dollar

At the stock markets, after a firm opening, the Sensex at the Bombay Stock Exchange remained strong, and had climbed 178 points, or 0.6 percent, to 29,833 a short while ago. The Nifty at the National Stock Exchange had gained 49 points, to 9,267. And at the forex market, the rupee had strengthened a...

GST will mitigate ill effects of cascading & will improve competitiveness,liquidity of businesses: Hasmukh Adhia

Wheat production likely to touch record 98 MT this crop year

Wheat production in the country is set to touch a record 98 million tonnes in the ongoing 2016-17 crop year ending this June, on account of higher yields. In its second estimate, the Agriculture Ministry had pegged a record wheat output of 96.64 Million tonnes for the current crop year as against th...

RBI Governor Urjit Patel cautions against growing protectionist tendencies in major world economies

RBI Governor Urjit Patel has cautioned against growing protectionist tendencies in major world economies. He said, calls for protectionism in the US are on account of equity and domestic distribution issues which should be addressed through domestic fiscal policy such as taxation and income transfer...

Bad loans issue not 'insurmountable' for India: Jaitley

Finance Minister Arun Jaitley today asserted that the problem of bad loans in the banking system is not insurmountable for a large economy like India as it is limited to only 20-30 big accounts.Speaking at the Council on Foreign Relations In New York, theminister, however, said the problem of non-pe...

Sensex closes up 291 points

The Sensex at the Bombay Stock Exchange surged 291 points, or 1 percent, to close at 29,656, today. The Nifty at the National Stock Exchange advanced 99 points, to 9,218.

BSNL launches commercial operation of 4G plus Wifi services in Hyderabad

The BSNL has launched commercial operation of 4G plus Wifi services in Hyderabad. Telangana Chief General Manager Ananthram launched the 4.5 G Plus WiFi services at four spots in the city. Speaking to reporters later, he said the 4.5 G services will provide higher speeds of Data than any other servi...

Sensex up over 200 points in afternoon trade

At the stock markets, after a positive opening, the Sensex at the Bombay Stock Exchange gained further ground, and had surged 260 points, or 0.9 percent, to 29,626 a short while ago. The Nifty at the National Stock Exchange had jumped 86 points, to 9,206. And at the forex market, the rupee had appre...

Indian economy to grow at 7.5% in 2017-18: Jaitley

Finance Minister Arun Jaitley has said that Indian economy will grow at a clip of 7(point)5 per cent this fiscal, up from 7(point)1 per cent in the previous year. He said the growth remains resilient with low inflation, fiscal prudence and low deficit. Participating in G-20 finance ministers&apo...