Union Power Minister Piyush Goyal has said, his Ministry will not reduce the government's stake in power sector Public sector undertakings below 51 per cent.In an interview with a news agency, Mr Goyal said, Finance Minister can do disinvestment as much he wants to do and he will support hi...

Ravi Shankar Prasad expresses confidence about control on inflation

Union Telecommunication Minister Ravishankar Prasad has expressed confidence that the inflation would be under control soon as necessary steps are being taken to control the prices of pulses in the country.Addressing a press conference in Jamashedpur on Saturday, Mr Prasad said that the wholesale ma...

Country's growth rate to climb to 8 % in current financial year: Shaktikanta Das

FM hopes country's growth rate to climb to 8 % in current financial year

The Finance Ministry expects the country's growth rate to climb to 8 per cent in the current financial year on the back of above normal monsoon.Talking to a news agency, Economic Affairs Secretary Shaktikanta Das expressed hope that likely passage of the Goods and Services Tax, GST bill in ...

Ravi Shankar Prasad expresses confidence about control on inflation

Union Telecommunication Minister Ravishankar Prasad has expressed confidence that the inflation would be under control soon as necessary steps are being taken to control the prices of pulses in the country.Addressing a press conference in Jamashedpur on Saturday, Mr Prasad said that the wholesale ma...

SEBI proposes easier rules for fund managers to move to India

The markets regulator Securities and Exchange Board of India today approved a proposal to allow foreign fund managers to act as 'Portfolio Managers' under a relaxed regulatory regime. At a meeting held in Mumbai today, Sebi's board approved issuance of a consultation paper...

CBDT to soon launch e-nivaran for speedy grievance redressal

The Central Board of Direct Taxes,CBDT will soon launch an E-Nivaran portal for speedy redresal of taxpayers' grievances. Briefing reporters in New Delhi after the conclusion of two day Annual Conference of Tax Administrators in New Delhi, the CBDT Chairman Atulesh Jindal said, the portal w...

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

Government today 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,...

NSEL scam: Centre asks Maha to expedite attached assets auction

Centre has asked the Maharashtra government to quickly auction over Rs 6,000 crore assets attached so far in the National Spot Exchange Limited (NSEL) scam and refund money to the investors at the earliest. The NSEL, the commodities exchange owned by Financial Technologies, had in July 2013 abruptly...

Sugar shares fall by up to 10% on imposition of export duty

Sugar shares today fell sharply by up to 10 per cent after the government imposed 20 per cent customs duty on sugar exports. The Government yesterday imposed 20 per cent customs duty on sugar exports to boost domestic supply. The duty has been imposed to restrict exports following sharp rise in glob...