Wholesale inflation turns positive after 18 months; 0.34% in Apr

Lifted by costlier food items, wholesale price-based inflation rose in April, ending 18 straight months of decline. Turning positive after a period of 18 months, wholesale inflation rose to 0.34 per cent in April this year. Wholesale inflation had stood at minus 0.85 per cent in March this year, and...

EPFO disburses over Rs 47,600 crore as member benefits in 2015-16

Wholesale inflation turns positive after 18 months; 0.34% in Apr

Dearer food items lifted wholesale inflation into the positive zone for the first time in 18 months, to 0.34 per cent in April. Wholesale inflation had stood at minus 0.85 per cent in March this year, and minus 2.43 per cent in April last year. Data from the Commerce and Industry ministry showed tha...

Wholesale inflation turns positive after 17 months; 0.34% in April

Wholesale price-based inflation rose to 0.34 percent in April this year, from minus 0.85 percent in March, amid a rise in prices of vegetables and pulses. Government data showed that food inflation climbed to 4.23 per cent in April, from 3.73 per cent in March. Wholesale inflation has now turned pos...

Foreign investors sell Rs. 178 cr shares in 2 weeks

Foreign investors dumped shares worth 178 crore rupees in the first two weeks of May, as worries over global economy and amended Indo-Mauritius tax treaty hurt the sentiment, reversing the last two months' bullish trend. However, Foreign Portfolio Investors have invested 595 crore rupees in...

Foreign investors sell Rs. 178-Crore Shares In 2 Weeks

Foreign investors dumped shares worth 178 crore rupees in the first two weeks of May, as worries over global economy and amended Indo-Mauritius tax treaty hurt the sentiment, reversing the last two months' bullish trend. However, Foreign Portfolio Investors have invested 595 crore rupees in...

Income Declaration Scheme for domestic black money to commence from June 01

The 'Income Declaration Scheme' or four month window for declaration of domestic black money will commence from 1st of next month.It will remain in force till 30th of September.In a statement, Finance Ministry said, declarations can be filed online or with the Principal Commissione...

RBI issues norms for prior approval of branch offices by foreign entities

The Reserve Bank of India has said that entities from Pakistan, China, Bangladesh and four other regions including Sri Lanka, Afghanistan, Iran and Hong Kong or Macau will require its prior approval to establish branch office or project office in India.RBI has released new guidelines for foreign ent...

Easier to file tax returns in India, than in US: RBI Governor

RBI Governor Raghuram Rajan has said that he finds it easier to file his tax returns in India, as compared to the US. During a discussion at the Chicago Booth School of Business in London, Dr Rajan asserted that developed nations must do their part in tackling the problem of corruption as money take...

Sensex loses over 300 points to close at 25,490<br/>

The domestic stock markets plunged, today, amid Asian market weakness, and the rupee depreciated for the second straight day against the dollar. The Sensex at the Bombay Stock Exchange slumped 301 points, or 1.2 percent, to close at 25,490. The Nifty at the National Stock Exchange fell 86 points, to...