Rs slumps by 19 Paise to 2-year low against dollar; Sensex up by 170 pts

The rupee again weakened sharply against the dollar, the domestic stock markets gained ground, while Chinese stocks tumbled. At the foreign exchange market, the rupee slumped 19 paise, to an over two-year low of 66.76 against the dollar. The rupee slipped on month-end dollar demand from banks and im...

Rs slumps by 19 Paise to 2-year low against dollar; Sensex up by 169 pts

The rupee again weakened sharply against the dollar, the domestic stock markets gained ground, while Chinese stocks tumbled. At the foreign exchange market, the rupee slumped 19 paise, to an over two-year low of 66.76 against the dollar. The rupee slipped on month-end dollar demand from banks and im...

Jaitley underlines need for creating ecosystem to boost shipments to markets

Concerned over slowing global demand and declining exports Finance Minister Arun Jaitley today underlined the need for creating an ecosystem to boost shipments to the markets overseas. Speaking at the closing ceremony of 35th India International Trade Fair in new delhi, he asked exporters to produce...

Jaitley underlines need for creating ecosystem to boost shipments to markets

Concerned over slowing global demand and declining exports Finance Minister Arun Jaitley today underlined the need for creating an ecosystem to boost shipments to the markets overseas. Speaking at the closing ceremony of 35th India International Trade Fair in new delhi, he asked exporters to produce...

Govt gets 63,000 applications for first tranche of gold bonds

Govt gets 63,000 applications for first tranche of gold bonds

Government has received 63,000 applications for 917 kilos of paper gold worth 246 crore rupees for the first tranche of sovereign gold bonds. In a tweet Department of Economic Affairs Secretary Shaktikanta Das wrote the first tranche of gold bonds was open for subscription during November 5th to 20t...

CBDT plans to sign 30-40 APAs with multinationals before end of this fiscal

The Central Board of Direct Taxes (CBDT) plans to sign another 30 to 40 Advance Pricing Agreements (APAs) with foreign enterprises before the end of the current fiscal. The move will provide stability and confidence to foreign enterprises. According to an official release the APA regime was rolled o...

Jaitley underlines need for creating ecosystem to boost shipments to markets

Concerned over slowing global demand and declining exports Finance Minister Arun Jaitley today underlined the need for creating an ecosystem to boost shipments to the markets overseas. Speaking at the closing ceremony of 35th India International Trade Fair in New Delhi, he asked exporters to produce...

DBT incentivised to encourage financial access: Jayant Sinha

Minister of State for Finance, Jayant Sinha today said a combination of inclusion, access and liquidity will transform financial inclusion in the country. Addressing the Payments Banks Conference in New Delhi. Mr Sinha said Direct Benefit Transfer has been incentivised to encourage financial access....

India needs over Rs 9 lakh cr investment for energy demand by 2040: IEA

International Energy Agency has said that India needs more than Rs 9 lakh crore in energy investment per year by 2040 as it is set to contribute more than any other country to the rise in global energy demand. Of this, around seven lakh crore rupees are required every year in energy supply, 75 per c...