RBI directs banks to conduct thorough internal audit

The Reserve Bank of India has asked all public and private sector banks to conduct a thorough internal audit and submit a report before their respective audit committees. The summary findings are also to be forwarded to the Reserve Bank. The move forms part of the RBI's efforts to check fra...

Excise duty hiked on petrol by Rs one per litre, on diesel by Rs 1.5

The government has hiked the excise duty on petrol by Rs. One a litre and on diesel by Rs. 1.50 per litre.However, the hike will not result in any increase in retail selling price of the two fuels.The increase in excise duty will fetch the government over Rs. 3,200 crore during the remainder period ...

Upcoming Budget will not resort to sheer populism for good ratings: FM

Finance Minister Arun Jaitley on Saturday indicated that the upcoming Budget will not resort to sheer populism for good ratings and will focus on structural reforms.Stating that fundamentals have to be strong enough, he said, the Budget has to weigh the areas of weaknesses where investments are requ...

Finance Minister Arun Jaitley on Saturday hoped the main opposition Congress will see reason and help in passage of GST Bill in the upcoming Budget session of Parliament.Speaking at The ET Global Business Summit in New Delhi, Mr. Jaitley said the GST is the important reform of UPA and if he had to c...

FM says, Indian economy has to be put on a sounder platform as country has the potential to grow

Finance Minister Arun Jaitley today said Indian economy has to be put on a sounder platform as country has the potential to grow. Speaking at the ET Global Business Summit in New Delhi, Mr Jaitley said India should aspire for achieving economic growth rates of 8 to 9 percent to lift its people out o...

FM says, Indian economy has to be put on a sounder platform as country has the potential to grow

Finance Minister Arun Jaitley today said Indian economy has to be put on a sounder platform as country has the potential to grow. Speaking at the ET Global Business Summit in New Delhi, Mr Jaitley said 7 per cent is not the optimum growth rate, as there is a lot going on for India at the moment. He ...

Low cost manufacturing is key to sell one's products at international level: Finance Minister

Finance Minister Arun Jaitley has said low cost manufacturing is key to sell one's products at international level. Addressing the National Cost Convention 2016 in New Delhi today, Mr Jaitley said India has the potential to provide low cost services. He said in order to cut costs both at mi...

Wall Street surges over 2 percent

Wall Street surged over 2 percent after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009. Slammed by collapsing oil prices that have Fed doubts about the hea...

Sushma Swaraj pitches for a separate market for women entrepreneurs to enhance their incomes

Union Minister Sushma Swaraj pitched for a separate market for women entrepreneurs to enhance their incomes and advised them to scale up production of commodities they are selling. She was interacting with over 1,000 women entrepreneurs belonging to dozens of Mahila Bachat Guts (self-help groups) in...

CBI takes custody of a Chairman of a Group of Companies based at Kolkata in a chit fund case

Central Bureau Investigation, CBI, has taken the custody of a Chairman of a Group of Companies based at Kolkata and other places in a chit fund case. He was produced before a Special Court in Bhubaneswar and remanded to police custody till 2nd of next month. The case was registered against the said ...