Hyundai hikes prices of vehicles up to Rs 82,906

Auto major, Hyundai Motor India today raised the prices of its vehicles by between 2,889 and 82,906 rupees. The company said this is on account of new levies announced in the Union Budget. Yesterday, Maruti Suzuki India had hiked the prices of its vehicles across models by upto 34,494 rupees.Earlier...

RBI floats draft framework for account aggregator NBFCs

Drop in global oil prices windfall for Indian economy: IMF

International Monetary Fund (IMF) has termed the slump in global oil prices as a large windfall for India. Paul Cashin, head of IMF team for India, said yesterday in Washington that the windfall has made room for more spending on goods and services. It helped improve the external and fiscal position...

Budget has offered room for monetary policy easing: Jayant Sinha

Minister of State for Finance Jayant Sinha today said the Budget that aims to limit fiscal deficit to 3.5 per cent of GDP in 2016-17 has offered room for monetary policy easing. He was speaking at an event of the Indian Private Equity and Venture Capital Association (IVCA) in New Delhi. He said Macr...

Govt has taken one step forward on retro tax issue: Jaitley

Finance Minister Arun Jaitley has said government has taken a step forward on retrospective tax issue by putting in place statutory mechanism for ending such disputes. Addressing industrial chambers during his post-Budget interaction, Mr Jaitley said he had inherited retrospective tax cases. He said...

Govt consulting all stake holders on budgetary proposal to tax contributions to EPF: Jaitley

Govt consulting all stake holders on budgetary proposal to tax contributions to EPF: Jaitley

Govt consulting all stake holders on budgetary proposal to tax contributions to EPF: Jaitley

Centre to procure one lakh 50,000 tonnes of pulses to create buffer stock: Paswan

Centre will procure one lakh 50,000 tonnes of pulses this year to create buffer stock. Briefing reporters in New Delhi yesterday, Food and Consumer Affairs Minister Ramvilas Paswan said, the Ministry has already procured 50,000 tonnes of pulses from Kharif crops and plans to purchase one lakh tonne ...

Compliance window for black money holders is no amnesty: Jaitley

Finance Minister Arun Jaitley today said compliance window for domestic black money holders to come clean is no amnesty. Speaking at a function in New Delhi, Mr Jaitley said disclosures will be charged at 45 per cent as against the normal rate of 30 per cent. AIR correspondent reports those with und...