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May 28, 2015 7:05 AM
Confederation of Indian Industry (CII) has said that India's economy can grow at 9 to 10 per cent in the medium-term with a multi-pronged economic strategy. The industry body has outlined ten areas requiring policy attention that can bring huge economic benefits for growth, investment and e...
May 27, 2015 9:28 PM
The government has said there is a sharp increase of 8.4 per cent in electricity generation, which is the highest in last 20 years. Briefing media in New Delhi this afternoon, Power and Coal Minister Piyush Goyal said, the country has added 22, 566 mega watt of generation capacity in the last one ye...
May 27, 2015 7:48 PM
The Reserve Bank today said that Foreign Institutional Investors (FIIS) and Foreign Portfolio Investors (FPIs) can now invest up to 49 per cent in Gammon Infrastructure Projects Ltd. The RBI said in a statement issued today that the purchases could be made through primary market and stock exchanges....
May 27, 2015 12:40 PM
Union Finance Minister Arun Jaitely has said the era of tax haven has come to an end and it is no longer safe to keep assets abroad illegally. Talking to reporters in Ahmedabad yesterday Mr Jaitley said, persistent efforts had been made in the past one year with Swiss authorities to break their bank...
May 27, 2015 7:31 AM
Union Finance Minister Arun Jaitley on Tuesday said, Non-Performing Assets of public sector banks will come down gradually over the next two-three quarters. Asked about what steps were being taken to reduce the NPAs, Mr Jaitley, who was in Ahmedabad to brief media about achievements of the NDA gover...
May 26, 2015 9:06 PM
At the Interbank Foreign Exchange market, the rupee fell for the second straight session, depreciating 41 paise, to close at 63.98 to the dollar. The rupee fell on dollar demand from banks and importers, falling equity markets, and a strong dollar overseas. During the session, the rupee had slumped ...
May 26, 2015 9:01 PM
Chief Economic Advisor Dr. Arvind Subramanian has said there are good signs that the country's economy is on a recovering path. However, the economy needs policy support to boost consumption through cheaper financing and public investment. Dr Subramanian was briefing media in New Delhi toda...
May 26, 2015 7:57 AM
Reserve Bank Governor Raghuram Rajan says, while macro economic parameters have improved, growth is still slow in picking up. Inaugurating the conference of the Chief Secretaries/Finance Secretaries and cooperative secretaries of the states in Mumbai yesterday ,Rajan said participation of state gove...
May 26, 2015 7:48 AM
Government has approved twenty one proposals of Foreign Direct Investment amounting to over 280 crore rupees. The FDI proposals were approved based on recommendations of the Foreign Investment Promotion Board, FIPB in its meeting held on 30th April. FDI proposals under approval route are cleared by ...
May 25, 2015 6:31 PM
Government has approved twenty one proposals of Foreign Direct Investment, FDI. An official release said these amount to 280.70 crore rupees approximately. The FDI proposals were approved based on recommendations of the Foreign Investment Promotion Board, FIPB in its meeting held on 30th April. FDI ...
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