Govt to reduce existing tax rate for small traders on digital transactions <br/>

Japan eyes record spending in fiscal 2017 budget <br/><br/>

Japan&apos;s government plans an initial budget of a record 97.45 trillion yen for fiscal 2017, while keeping new debt issuance just below this year&apos;s level, a draft of the budget said. The planned spending poses a challenge to Prime Minister Shinzo Abe&apos;s efforts to streamline ...

Cipla gets USFDA nod for lipid regulating tablets<br/>

Pharma firm, Cipla has received final approval from the US health regulator for lipid regulating Fenofibrate tablets. These tablets had US sales of approximately 307 million dollars for the 12-month period ending October 2016.

Iran strikes 100-jet deal with Airbus, first delivery in January<br/>

Iran has finalised an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January. Deputy Roads and Urban Development Minister Asghar Fakhrieh Kashan said Airbus will supply four types of aircraft: its medium-haul A320 and A321 aircraft a...

RBI Governor to brief Parliamentary panel on demonetisation

Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Thursday, this has been said in a schedule posted on the Parliament website. Since banning of old 500 and 1000 rupee notes on the 8th of last month, the Government h...

Japan eyes record spending in fiscal 2017 budget

Japan&apos;s government plans an initial budget of a record 97.45 trillion yen for fiscal 2017, while keeping new debt issuance just below this year&apos;s level, a draft of the budget said. The planned spending poses a challenge to Prime Minister Shinzo Abe&apos;s efforts to streamline ...

Ukraine nationalises country's largest bank<br/>

Ukraine has nationalised the country&apos;s largest bank in an attempt to avert a financial meltdown in the war-scarred former Soviet state. The government moved to take over PrivatBank after months of rumors that the lender was heavily burdened by bad debts. Kiev&apos;s decision falls in li...

Ukraine nationalises country's largest bank<br/>

Ukraine has nationalised the country&apos;s largest bank in an attempt to avert a financial meltdown. The government moved to take over PrivatBank. Kiev&apos;s decision falls in line with International monetaryFund&apos;s demands for Ukraine to stabilise its financial sector in order to ...

US gas prices jump 6 cents over 2 weeks to USD 2.26 a gallon

In US, the average price of regular-grade gasoline has jumped 6 cents over the past two weeks, to 2(point)26 US dollars a gallon, Industry analyst Trilby Lundberg said today, adding that the increase mostly results from an agreement of November 30 by major oil-producing countries to decrease output....

IMF chief Lagarde to hear French trial verdict

Managing Director of International Monetary Fund (IMF), Christine Lagarde will today learn the verdict in her trial for approving a massive state payout to a tycoon when she was French finance minister. At the heart of the case is Lagarde&apos;s decision to allow a dispute with Bernard Tapie to ...