Cabinet gives approval to amend Benami Transactions Act

The Union Cabinet has given its approval to amend the Benami Transactions (Prohibition) Act, 1988. The Bill provides for attachment and confiscation of benami properties and also fine with imprisonment. This is one more initiative taken by the NDA government to fight the menace of black money. On Mo...

Cabinet clears 5% disinvestment in NTPC & 10% in Indian Oil

The Union Cabinet today cleared five per cent disinvestment in National Thermal Power Corporation Limited and ten per cent in Indian Oil. It may fetch the government over 13,000 crore rupees at current market price.The proposed share sale of 5 per cent in NTPC will fetch the government 5,565 crore r...

Retail inflation falls to 4.87% in April; Industrial output growth slows to 2.1% in March

Consumer Price Index, CPI, fell to 4.87 percent in the month of April 2015 as against 8.48 percent in April last year due to decline in the prices of food articles. The inflation for March 2015 was at 5.11 percent. Data released by Ministry of Statistics and Programme Implementation mentioned that I...

Retail inflation falls to 4.87% in April; Industrial output growth slows to 2.1% in March

Consumer Price Index, CPI, fell to 4.87 percent in the month of April 2015 as against 8.48 percent in April last year due to decline in the prices of food articles. The inflation for March 2015 was at 5.11 percent. Data released by Ministry of Statistics and Programme Implementation today mentioned ...

India to grow 7.5% in FY16, highest in G20: Moody's

India growth story received an impetus today when rating agency Moody's said it will grow at a strong pace of 7.5 per cent in 2015-16, the highest among G20 economies, helped by the reforms drive and lower oil prices. Moody's Investors Service in a report said, at a time of shiftin...

Retail inflation falls to 4.87% in April

Consumer Price Index, CPI, fell to 4.87 percent in the month of April 2015 as against 8.48 percent in April last year due to decline in the prices of food articles. The inflation for March 2015 was at 5.11 percent. Data released by Ministry of Statistics and Programme Implementation today mentioned ...

RBI asks banks to appoint internal ombudsman

The Reserve Bank of India (RBI) has asked all public sector banks and large private and foreign banks including ICICI Bank, HDFC Bank, StanChart and Citi Bank to appoint internal ombudsman for resolution of customer complaints. The RBI in a circular issued in Mumbai said the internal ombudsman would...

CBDT puts on hold MAT assessments on FIIs

Strict action against people stashing black money abroad: Jaitley

Finance Minister Arun Jaitley today said government will take harsh measures against persons those who have stashed unlawful money abroad. Moving the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 in the Lok Sabha for consideration and passing, Mr Jaitley said the Bill intends ...

Strict action against people stashing black money abroad: Jaitley<br/>

Finance minister Arun Jaitley today said government will take harsh measures against persons those who have stashed unlawful money abroad. Moving the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 in the Lok Sabha for consideration and passing, Mr Jaitley said the Bill intends ...