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August 12, 2015 8:03 PM
Growth in the country's Industrial production rose to a 4-month high of 3.8 per cent in June, this year, due to improvement in manufacturing activity. Measured in terms of the Index of Industrial Production, IIP, industrial output had grown 4.3 per cent in June last year. According to data ...
August 12, 2015 5:47 PM
Stock markets fell across the world, and emerging market currencies were under pressure after Chinese yuan weakened further. In Asia, Japan's Nikkei 225 index fell 1.6 percent; Singapore's Straits Times index slumped 2.9 percent; Hong Kong Hang Seng plunged 2.4 percent; South Korea...
August 12, 2015 5:27 PM
The International Monetary Fund has welcomed Beijing's newly announced system to value the country's currency, saying it will allow market forces to play a greater role in the nation. China cut the yuan's value against the dollar for a second day today, sending ripples thr...
August 12, 2015 2:03 PM
CAG has pulled up Steel Authority of India Ltd, SAIL for inefficiency in project planning, tender finalisation, and project execution. In its report tabled in both Houses of Parliament, the auditor said SAIL failed to implement the Modernisation and Expansion Plan, MEP within the fixed time frame. I...
August 12, 2015 1:38 PM
Chief Economy Advisor,CEA Arvind Subramanian today said the India's real credit growth has started picking up. His remarks came after the indirect tax receipts jumped nearly 40 per cent provisionally to over Rs 567 billion. Talking to the reporters in New Delhi this morning, Mr Subramanian ...
August 11, 2015 5:35 PM
Indirect tax revenue jumped over 37.6 per cent to over 2.1 lakh crore rupees during April-July period of current fiscal due to the higher excise collections. A press release issued by the Finance Ministry today stated that the indirect tax collections were 1.53 lakh crore rupees during the similar p...
August 10, 2015 5:30 PM
Global crude oil futures touched multi-month lows, today, after Chinese data showed weaker trade figures which hurt sentiment across the commodities markets. Brent oil was down 19 cents, at 48.42 dollars a barrel, after touching an over six-month low of 48.24 dollars a barrel earlier in the session....
August 10, 2015 4:36 PM
Union Finance Minister Arun Jaitley today said that competitiveness, cost and efficiency management have become the key words of survival and growth in post liberalization era. Inaugurating the First Indian Cost Accounts Service Day in New Delhi, he said, it is all the more important for the Governm...
August 10, 2015 4:35 PM
The Income Tax department's OTP-based Income Tax Return filing system for taxpayers has started on a high note with its portal electronically verifying over 7.5 lakh returns and linking over 11 lakh Aadhaar numbers with the PAN database. The new e-filing system, enabled last month, allows o...
August 10, 2015 4:35 PM
Public sector bank, UCO Bank, on reported a 51 percent decline in its net profit to 256.7 crore rupees for the first quarter ended June 30, against the same quarter last fiscal.The Gross Non-performing Assets as a percentage of total advances increased to 7.3 percent during June quarter, from 4.3 pe...
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