India able to do much better than 7.5 pc growth rate: Jaitley

Union Finance Minister Arun Jaitley has said that India's 7.5 per cent economic growth rate is not its best potential growth rate and there is restlessness in the Narendra Modi-led government to boost economic growth. Mr. Jaitley told CNBC News Channel in New York that a series of reforms a...

US Federal Reserve keeps interest rate unchanged at near zero level

The US Federal Reserve has left its benchmark interest rate unchanged at near zero, while describing American economic growth as moderate after the winter slowdown. But predictions made by the individual participants in the Fed's monetary policy meeting indicated most expect the federal fun...

India able to do much better than 7.5 pc growth rate: Jaitley

Union Finance Minister Arun Jaitley has said that India's 7.5 per cent economic growth rate is not its best potential growth rate and there is restlessness in the Narendra Modi-led government to boost economic growth. Talking to CNBC News Channel in New York, Mr. Jaitley stressed that a ser...

Jaitley rings closing bell at New York Stock Exchange

Union Finance Minister Arun Jaitley today rang the closing bell at the New York Stock Exchange(NYSE) in New York and also toured the trading floor of the world's largest stock exchange. Mr. Jaitley, who began his 10-day trip to the US yesterday, was accompanied by a high-level business dele...

MSME Minister asks banks to extend easy finance to micro-industries

Fake currency worth over Rs 1 cr recovered from HDFC Bank

In Haryana, fake currency worth more than a crore has been recovered from an HDFC bank chest located on Golf Course Road at Gurgaon. An FIR has been lodged on the complaint of the chest manager Umesh Sharma at the Sushant Lok police station.The bank has submitted currency notes worth Rs 1,04,76,000 ...

Asian markets open lower amid Greece default concerns

Asian markets opened mostly lower today on fears that Greece could default on its debts after talks in Brussels failed to reach a deal. Japan's Nikkei 225 is down 0.8 per cent, while the broader Topix lost 0.7 per cent. Australia's benchmark S&P/ASX 200 and South Korea&...

Asia overtakes Europe as world's second richest region: BSG

Asia has overtaken Europe as the world's second richest region. According to an annual report by the Boston Consulting Group, a global management consulting firm, the Asia Pacific, excluding Japan, held 47 trillion dollars in private wealth last year as the number of new millionaires rose i...

India's exports contract by over 20% in May; Imports decline 16.52%

Continuing its declining trend, India's exports shrank by about 20.19 per cent in May to 22.34 billion US Dollars, marking a fall for the sixth straight month. The slump in exports is mainly due to global slowdown, dip in crude oil prices and rupee appreciation. In May 2014, the country&amp...

No coercion by taxmen to recover MAT dues, says CBDT

In a breather for investors, Central Board of Direct Taxes, CBDT today said taxmen will not resort to coercive methods to recover dues towards Minimum Alternate Tax, MAT on capital gains made by Foreign Institutional Investors. The Board said it will wait for the Supreme Court order on the issue. CB...