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March 2, 2016 12:54 PM
US ratings agency Moody's has cut its outlook for China from stable to negative. Moody's said the change in outlook was based on expectations that Beijing's fiscal strength would continue to decline While reaffirming its current debt rating, the agency warned that reforms ...
March 2, 2016 12:52 PM
Finance Minister Arun Jaitley has exuded confidence that the growth rate in the next fiscal could exceed 7-7.75 per cent if there is less political obstructionism. He said economy will receive a huge boost if government is allowed to push through important Bills like GST and the bankruptcy law in Pa...
March 2, 2016 12:50 PM
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...
March 2, 2016 8:25 AM
The government will buy 15 thousand tonnes of onion from farmers to create a buffer stock. It will be utilised for market intervention in the event of price rise during a lean season. Talking to reporters in New Delhi yesterday, Consumer Affairs Secretary C Viswanath said, the procurement of onions ...
March 2, 2016 8:17 AM
RBI is working on an e-pension ecosystem which would help in resolving issues concerning ghost pensions. RBI Deputy Governor H R Khan said that pension payment is one area which needs reforms and is currently receiving the attention of the central bank. Khan was speaking at the Civil Accounts Day fu...
March 2, 2016 7:25 AM
Food Processing Minister Harsimrat Kaur Badal has said that 100 per cent FDI in marketing of food products will provide impetus to the foreign investment in food processing sector and benefit farmers immensely. She said, it will also create vast employment opportunities. Interacting with media about...
March 2, 2016 6:46 AM
Top CBI officials including its Director Anil Sinha will meet the heads of public and private sector banks and other financial institutions along with regulators in Mumbai today. A CBI spokesperson said that the meeting is aimed at finding a lasting solution to financial frauds, cyber crimes and the...
March 1, 2016 9:30 PM
The domestic stock markets witnessed their biggest post-Budget Day rally ever, today, while the rupee also notched up very strong gains against the dollar. A day after the presentation of the Union Budget, the Sensex at the Bombay Stock Exchange gained a phenomenal 777 points, to close at 23,779, on...
March 1, 2016 5:33 PM
A day after the presentation of the Union Budget, the stock markets are seeing a powerful rally. So after a very strong opening, the Sensex at the Bombay Stock Exchange gained even further ground, and had surged a massive 711 points, to 23,713 in afternoon trade. Similarly, the Nifty at the National...
March 1, 2016 2:04 PM
Finance Minister Arun Jaitley has said Indian economy is performing well despite global economic slowdown. Quoting Mr Jaitley, Parliamentary Affairs Minister Mukhtar Abbas Naqvi told media that the Finance Minister said economy is growing at 7.5 per cent which is encouraging. Mr Jaitley said India h...
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