Indian economy expected to grow at 7.2% in 2017-18: FM Arun Jaitley

Finance Minister Arun Jaitley today said Indian economy is expected to grow at 7(point)2 percent in 2017-18 and 7(point)7 percent in 2018-19 according to IMF estimates. Mr Jaitley said this while delivering the key note address at the opening ceremony of the second New Development Bank Annual Board ...

Petrol price cut by Rs 3.77 per litre, diesel by Rs 2.91

Petrol price has been cut by 3 rupees 77 paise per litre and diesel by 2 rupees 91 paise per litre, excluding state levies. The new rates came into effect midnight. Petrol will now cost 66 rupees 29 paise a litre in Delhi, 68 rupees 97 paise in Kolkata, 72 rupees 66 paise in Mumbai and 69 rupees 28 ...

Indian economy expected to grow at 7.2% in 2017-18: Finance Minister Arun Jaitley

Finance Minister Arun Jaitley today said Indian economy is expected to grow at 7(point)2 percent in 2017-18 and 7(point)7 percent in 2018-19 according to IMF estimates. Mr Jaitley said this while delivering the key note address at the opening ceremony of the second New Development Bank Annual Board ...

Five State Banks, Bharatiya Mahila Bank merge with SBI

Five associates and the Bharatiya Mahila Bank became part of the State Bank of India today, catapulting the country's largest lender to among the top 50 banks in the world. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank ...

Old Notes: RBI closes window for Indians abroad; NRIs can still exchange

The limited period window for exchange of junked 500 and 1,000 rupee notes by Indians who were abroad during demonetisation ended today. However, additional time period of three months is available to non-resident Indians, NRIs, with a rider of exchanging of 25,000 rupees per individual. The exchang...

April-Feb fiscal deficit at Rs 6.05 lakh crore

The government's fiscal deficit stood at 6(point)05 lakh crore rupees at the end of February this year which is 113(point)4 per cent of the full year fiscal deficit target for the entire 2016-17 fiscal.Fiscal deficit, which is a reflection of the government's borrowing to meet the ...

Core sector growth falls to 13 month low ln Feb

Growth of the country's eight core sectors slipped to an over one-year low of 1 per cent in February this year. This was mainly due to a fall in output of crude oil, natural gas, refinery products, fertiliser and cement. The eight core sectors had expanded 9.4 per cent in February last year...

Core sector growth slows down to 1 per cent in Feb

The growth of eight core sectors slowed down to one per cent in February mainly due to negative growth in crude oil, natural gas, refinery products, fertilisers, cement and electricity sectors. As per data released by the commerce and industry ministry today, growth rate of eight infrastructure sect...

RBI exempts banks from opening on April 1 on annual closing

Reversing its earlier order, the Reserve Bank of India today said that the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.In its earlier directive on March 24, the RBI had asked all authorised banks to be open on all days from Ma...

Amazon makes entry in UAE by acquiring Souq.com