Global energy subsidies to hit USD 5.3 trillion this year: IMF

The International Monetary Fund, IMF has voiced alarm about energy subsidies across the world, saying they were expected to reach 5.3 trillion dollars in 2015, more than government health spending. In a report yesterday, the IMF said, these estimates are shocking. The report said, the figures were a...

CNG to be dearer by 45 paise per kg in Delhi, 50 paise in Noida, Greater Noida & Ghaziabad

Compressed Natural Gas, CNG will be dearer by 45 paise per kilogram in Delhi and 50 paise in Noida, Greater Noida and Ghaziabad from midnight tonight. With this, the CNG will now cost 38 rupees per Kilogram in Delhi and 43 rupees 30 paise in Noida, Greater Noida and Ghaziabad. Indraprastha Gas Limit...

Govt contains fiscal deficit at 4%of GDP

The government has contained the fiscal deficit at 4 per cent of GDP against its own target of 4.1 per cent for the financial year 2014-15, while it was 4.4 per cent during 2013-14. The revenue deficit has also been confined to 2.8 percent, beating the budget target of 2.9 per cent for the last fisc...

SEBI to fix strict enforcement timelines, focus on refund

In order to rein in defaulters and safeguard investors' interests, capital markets regulator, SEBI has decided to fix strict time lines for completing its enforcement actions, and ensure fast-track refund of money collected fraudulently from investors. Outlining its action plan for the curr...

Govt contains fiscal deficit at 4%; beats its own target

The government has contained the fiscal deficit at 4 per cent of GDP against its own target of 4.1 per cent for the financial year 2014-15, while it was 4.4 per cent during 2013-14. The revenue deficit has also been confined to 2.8 percent, beating the budget target of 2.9 per cent for the last fisc...

India, China account for 54% of total gold demand during Q1

India and China accounted for 54 percent of the total global gold consumer demand in the first quarter of this year. According to a the Gold Demands Trends report prepared by the World Gold Council, demand for jewellery, still the most significant component of overall demand, totalled over 600 tonne...

Finance Minister Arun Jaitley expects rate cut by RBI

Ahead of RBI's second bi-monthly monetary policy review in June, Finance Minister Arun Jaitley today said he expects rate cut by the RBI. Talking to a news agency, Mr Jaitley said his expectation from RBI Governor Raghuram Rajan was the same as general expectation on an interest rate cut. T...

Govt to set up an expert committee on Companies Act: Finance Minister

Government will set up an expert committee on Companies Act to suggest further changes to make it easier to do business. In an interview to a News agency, Finance Minister Arun Jaitley said, the government might go in for another round of amendments depending on the suggestions received from the com...

Govt to set up an expert panel on Companies Act to suggest further changes

Government will set up an expert committee on Companies Act to suggest further changes to make it easier to do business.In an interview to a News agency, Finance Minister Arun Jaitley said, the government might go in for another round of amendments depending on the suggestions received from the comm...

Chinese and Indian companies sign 26 agreements for 22 billion US dollars investment in India