US stocks rise after Yellen takes a cautious tone on interest rates

Oil prices above $50, buoyed by US stock draw<br/>

Oil prices rose in early Asian trading today, with US crude joining Brent above 50 US dollars a barrel after data from the American Petroleum Institute showed a larger than expected draw on stocks. US crude futures&apos; August contract, the new front month from today, had climbed 35 cents to 50...

IT dept to use powers to arrest, detain wilful income tax defaulters

Income Tax Department will use powers to arrest, and detain wilful income tax defaulters and auction attached assets of the defaulters. The Central Board of Direct Taxes, in a strategy paper for the current fiscal, has directed officials in the tax department to use the rarely-used Section 276 C (2)...

Govt keeps interest rates on small savings scheme unchanged

Interest rates for Small Savings Schemes will remain unchanged for the next quarter beginning July, government notified. Presently the rate of interest for both Five Year National Savings Certificate and Public Provident Fund Scheme is 8.1 per cent. The rate of interest for Kisan Vikas Patra is 7.8 ...

Govt keeps interest rates on small savings scheme unchanged

Interest rates for Small Savings Schemes will remain unchanged for the next quarter beginning July, government today notified. Presently the rate of interest for both Five Year National Savings Certificate and Public Provident Fund Scheme is 8.1 per cent. The rate of interest for Kisan Vikas Patra i...

Govt's FDI reforms to attract capital, create jobs: India Inc

The Federation of Indian Chambers of Commerce and Industry (FICCI) has appreciated government&apos;s decision regarding liberalization of FDI norms. FICCI Secretary General Dr. A. Digar Singh said the simplification in the investment policies in sectors like defence and aviation is a positive st...

NRIs can now join NPS online through eNPS: Finance Ministry

Government has said non resident indians (NRIs) can now open National Pension Savings (NPS) accounts online if they have Aadhaar Card or PAN card. Till now, NRIs could open NPS accounts only through paper applications by approaching Bank offices. In a statement, Finance Ministry said through eNPS, a...

NRIs can now join NPS online through eNPS: Finance Ministry<br/>

Government has said non resident indians (NRIs) can now open National Pension Savings (NPS) accounts online if they have Aadhaar Card or PAN card. Till now, NRIs could open NPS accounts only through paper applications by approaching Bank offices. In a statement, Finance Ministry said through eNPS, a...

Govt expects 8% GDP growth this fiscal amid above normal monsoon

Govt expects 8% GDP growth this fiscal amid above normal monsoon