WEF says, India positioned much more favourably than China in terms of growth in coming years

World Economic Forum, WEF, says, India is positioned much more favourably than China in terms of growth in coming years. It said there is now a consensus among analysts that there are only a few bright spots in the global economy and India is one of them. Viraj Mehta, head of India and South Asia fo...

State Bank of India welcomes government's Ujwal DISCOM Assurance Yojana

State Bank of India has welcomed the government's UDAY or Ujwal DISCOM Assurance Yojana stating that the move will go a long way in bringing financial discipline in power sector. Speaking to reporters in Mumbai, SBI Chairperson Arundhati Bhattacharya said the package would bring in a lastin...

Centre hikes excise duties on petrol and diesel

Centre has hiked excise duty on petrol by one rupees and 60 paise per litre and the same on diesel by 40 paise a litre to mop up additional revenue to meet budgetary targets. According to a Central Board of Excise and Customs notification, the basic excise duty on unbranded or normal petrol was incr...

Any change in foreign trade policy will be made only after any mid-term course correction: Sitharaman<br/>

Pradhan hints withdrawal of subsidised cooking LPG to consumers of certain income level<br/>

Petroleum and Natural Gas Minister Dharmendra Pradhan has hinted withdrawal of subsidised cooking LPG to consumers of certain income level. Speaking at Delhi Economics Conclave, Mr Pradhan said it is time to decide whether persons beyond a certain income level should be allowed subsidy. He said, sub...

Railways changes refund rules to help genuine passengers

Railways has doubled the ticket cancellation charges, changing the refund rules to help genuine passengers get confirmed tickets. Under the new rules, there will be no refund after the departure of train. Now, the passenger will have to get the refund four hours before the departure. The revised ref...

Moody's Analytics' criticism of government baseless: Jayant Sinha

Minister of State for Finance Jayant Sinha today said the arguments forwarded by the Moody&apos;s Analytics lacked depth and such comments are made when opponents become restless over the government&apos;s success. Speaking to reporters on the sidelines of a function in New Delhi, Mr Sinha s...

Govt, RBI on same page on monetary policy committee structure

RBI Governor Raghuram Rajan has said the central bank and the government are broadly on same page on composition of monetary policy committee, MPC structure. Participating in a television discussion with Chief Economic Adviser Arvind Subramanian, Mr Rajan said MPC agreement has been largely done and...

Microsoft to fund smart city start-ups: Satya Nadella

Need to dismantle old rules to encourage entrepreneurs: Kant

Department of Industrial Policy and Promotion Secretary Amitabh Kant has said that India must make itself an extremely simple and easy place to do business. Speaking at an event in Mumbai, Mr. Kant said old rules and regulations must be dismantled to encourage entrepreneurs and to boost manufacturin...