Business

May 2, 2016 8:35 AM

EPFO launches One Employee-One EPF Account drive

Employees' Provident Fund Organisation, EPFO has launched a special drive to encourage EPF members to consolidate their multiple accounts. The members whose accounts are scattered face many inconveniences such as approaching multiple employers located at multiple locations for settlement of...

May 2, 2016 8:21 AM

Petrol price hiked by Rs. 1.06/litre, diesel up by Rs. 2.94/litre

Petrol price has been hiked by 1 rupee 6 paise per litre and diesel by 2 rupees 94 paise a litre. AIR correspondent reports that the hike comes on the back of last month's 74 paise cut in petrol price and 1 rupee 30 paise cut in diesel price. The petrol will, now, cost 62 rupees 19 paise in...

May 1, 2016 6:04 PM

Taxpayers account for just about 1% of India's population

Taxpayers account for just about one per cent of India's population, as per the latest data disclosed by the government for assessment year 2012-13. The data has been made public as part of a transparency drive. A total of 2 crore 87 lakhs individuals filed the Income Tax Returns for 20112-...

May 1, 2016 6:03 PM

Taxpayers account for just about 1% of India's population

Taxpayers account for just about one per cent of India's population, as per the latest data disclosed by the government for assessment year 2012-13. The data has been made public as part of a transparency drive. Data for individuals has been published only for 2012-13 assessment year, which...

May 1, 2016 8:17 AM

Petrol price hiked by Rs. 1.06/litre, diesel up by Rs. 2.94/litre

Petrol price has been hiked by 1 rupee 6 paise per litre and diesel by 2 rupees 94 paise a litre. The new rates came into effect from midnight last night. AIR correspondent reports that the hike comes on the back of last month's 74 paise cut in petrol price and 1 rupee 30 paise cut in diese...

April 30, 2016 9:22 AM

Forex reserves at record high of USD 361.601 bn

Continuing their rising trend, India's foreign exchange reserves increased by 1.350 billion US Dollars to touch a record high of 361.601 billion dollars in the week to 22nd April. A RBI release said, foreign currency assets, a major part of the overall reserves, rose by 1.350 billion dollar...

April 30, 2016 9:06 AM

Govt taking steps to deal with mounting bad loans: Jaitley

Finance Minister Arun Jaitley said the Joint Parliamentary Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament. Addressing the second meeting of the Consultative Committee on Non Performing Assets , NPAs, Mr Jait...

April 29, 2016 10:22 PM

RBI deputy governor calls for more green funding

Reserve Bank Deputy Governor R Gandhi has expressed the need to balance green development and economic development. Addressing a conference on sustainable finance in Mumbai on Friday, Mr. Gandhi said incorporating environmental concerns into commercial lending is a challenge in a country like India....

April 29, 2016 7:10 AM

Government taking steps to deal with mounting bad loans: Arun Jaitley

Finance Minister Arun Jaitley said the Joint Parliamentary Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament. Addressing the second meeting of the Consultative Committee on Non Performing Assets , NPAs, Mr Jait...

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