Business

October 6, 2015 6:56 AM

Blackmoney issue can be addressed by rationalising taxes, says Jaitley

Union Finance Minister Arun Jaitley has said the problem of domestic black money can be addressed by rationalising taxes and bringing more people under the banking net besides some other measures. Delivering a lecture at Columbia University in New York, Mr. Jaitely said rational rate of taxation hel...

October 5, 2015 6:31 PM

WB cuts growth forecast for Asia Pacific region for 2015, 2016

The World Bank has cut its growth forecast for the Asia Pacific region for 2015 and 2016, because of the risks posed from a sharp slowdown in China and raising US interest rates. The bank now expects growth in developing East Asia and the Pacific to be 6.5 percent this year and 6.4 percent in 2016, ...

October 5, 2015 1:09 PM

Govt working towards sustain economic growth with low inflation: Fin Secy

Government is working hard to create atmosphere for sustained economic growth with low stable inflation. Finance Secretary Ratan Watal told this to reporters at a press conference in New Delhi today. He said government has adhered to fiscal consolidation path in spite of difficulties. He said capita...

October 5, 2015 12:55 PM

Govt working towards sustain economic growth with low inflation: Fin Secy

Government is working hard to create atmosphere for sustained economic growth with low stable inflation. Finance Secretary Ratan Watal told this to reporters at a press conference in New Delhi today. He said government has adhered to fiscal consolidation path in spite of difficulties. He said capita...

October 3, 2015 7:35 AM

IMF predicts down slide in Nepal's economy

International Monetary Fund, IMF, has predicted a down slide in Nepal's economy, which was hit by a massive earthquake early this year and facing unrest and disruptions to economic activity owing to protests by the minority groups over the new Constitution. Noting that the earthquakes in Ap...

October 2, 2015 5:00 PM

State Bank of Patiala reduces its Base Rate by 30 basis points

State Bank of Patiala has reduced its Base Rate by 30 basis points with effect from 5th October after the Repo Rate cut by RBI, which will lead to lower EMIs for its customers. Bank said in a press release that with this, all the loans like home and car linked to Base Rate will now become cheaper.

October 2, 2015 5:00 PM

Growth of eight core sectors increases to 2.6% in August

The growth of eight core sectors increased to 2.6 per cent in August after a slower 1.1 per cent in July. The 2.2 per cent cumulative growth in April to August, however, still remains less than the corresponding figure previous year, which was 5.6 per cent.According to the data released by the Comme...

October 2, 2015 4:59 PM

WTO lowers 2015 global trade growth forecast to 2.8%

The World Trade Organization, WTO, lowers 2015 global trade forecast to 2.8 percent. WTO, has revised its forecast for global trade growth in 2015 in the face of a slowdown in the economies of emerging countries. The forecast released now predicts 2.8 percent year-on-year growth for this year.Its Ap...

October 2, 2015 4:58 PM

ATF price up 5.5%, non-subsidised LPG cut by Rs 42

Aviation Turbine Fuel, ATF or jet fuel price has been hiked by 5.5 per cent on global trends while rates of non-subsidised cooking gas LPG were cut by 42 rupees per cylinder. Besides, the rate of non-subsidised kerosene oil was also increased by 54 paise to 43 rupees 18 paise per litre.According to ...

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