Corporate tax avoidance deal signed by 31 OECD members

Govt to give priority to locally made goods in oil PSU tenders

Petroleum Ministry has proposed to give preference to locally manufactured goods and services in the 90 thousand crore rupees of tenders issued annually by oil PSUs in a bid to give a fillip to domestic manufacturing. Briefing Media in New Delhi yesterday evening, Petroleum and Natural Gas Minister ...

FinMin to organise India Investment Summit in Delhi next month

Finance Ministry will organise India Investment Summit in New Delhi next month to attract investments in infrastructure sector. A large number of long term investors including Sovereign Wealth Funds and Pension Funds across the globe are expected to participate in the two day Summit. An official rel...

RBI to issue Rs 500, Rs 100 notes with enhanced security features

Continuing its efforts to deter counterfeiting activities, the Reserve Bank of India, RBI, will soon introduce new banknotes of 500 rupees and 100 rupees denominations with enhanced security features. In a press release, RBI said the 500 rupees denomination bank notes will be issued in Mahatma Gandh...

India projected to be world's fastest growing economy: Singapore

India is projected to be the world's fastest growing economy and Singapore's close economic cooperation with it would be mutually beneficial, says a senior Singaporean minister. Noting Prime Minister Narendra Modi's various economic initiatives , S Iswaran, Minister of Tra...

India, Armenia sign protocol amending Double Taxation Avoidance Convention

India and Armenia today signed Protocol amending the India-Armenia Double Taxation Avoidance Convention in New Delhi. The Protocol amends the Article on exchange of information for tax purposes to bring it in line with the updated provisions in the Organisation for Economic Co-operation and Developm...

US stocks gain on higher oil, Federal speculation

US stocks rose solidly yesterday behind higher oil prices and speculation that the Federal Reserve will conclude a meeting today with a dovish statement on future interest rate increases. The Dow Jones Industrial Average rose 282.01 points or 1.78 per cent to 16,167.23. The broad-based S&P 5...

Oil rebounds back above USD 32

Oil prices regained 32 dollar per barrel yesterday. Vague talk of a possible joint production cut with Russia and OPEC is causing rise in price, said CMC Markets analyst Jasper Lawler. Traders are also watching the dollar ahead of the U.S. Federal Reserve policy meeting that started yesterday. The s...

US stocks gain on higher oil, Federal speculation

US stocks rose solidly yesterday behind higher oil prices and speculation that the Federal Reserve will conclude a meeting today with a dovish statement on future interest rate increases. The Dow Jones Industrial Average rose 282.01 points or 1.78 per cent to 16,167.23. The broad-based S&P 5...

Oil prices fall amid OPEC production call

Oil prices tumbled again yesterday, eroding last week's gains, as OPEC called for co-operation from oil producing nations outside the cartel. Brent crude fell 6.3 per cent to 30.15 dollars a barrel following a 10 per cent rise on Friday, while US oil shed 7.1 per cent to 29.90 dollars. The ...