India not yet ready for full capital account convertibility of rupee: RBI Deputy Guv

RBI deputy governor H R Khan has said that India is not yet ready for full capital account convertibility of rupee. Addressing the Finance Conclave 2015 in Mumbai recently, Mr. Khan said that the pros and cons of full capital account openness is a contentious issue as India is an expanding economy a...

Sri Lankan govt presents interim budget; Imposes casino tax of 1 bn rupees

India needs simple & transparent tax regime: Jayant Sinha

Minster of State for Finance Jayant Sinha has said, India needs a simple and transparent tax regime which will help in restoring confidence in the foreign and Indian investors. When asked on the Cabinet decision on Vodafone tax case in which the government has decided to not challenge a Bombay High ...

Govt to sell up to 10% stake in Coal India

To meet the fiscal deficit, the government will sell up to 10 per cent stake in state owned Coal India tomorrow. The decision will help the government to raise revenue of 24,000 crore rupees at the current market price. The decision on CIL stake sale was cleared by high-powered ministerial panel hea...

Obama's India visit helps in forging new commercial ties: Arun Jaitley

Over 9.35 cr consumers join LPG cash-subsidy scheme

More than 64 per cent of 15.3 crore LPG consumers in the country have joined the ambitious PAHAL scheme to receive cash subsidy in their bank accounts so they can buy the cooking gas at market price. Petroleum and Natural Gas Minister Dharmendra Pradhan told reporters in New Delhi that over 9.35 cro...

Coal India shares slump over 5% on stake sale announcement <br/>

Shares of Coal India Ltd fell by over 5 per cent today as the government decided to sell up to 10 per cent stake in the company to raise about 24,000 crore rupees tomorrow. Coal India scrip plunged 5 per cent to 364 rupees at the Bombay Stock Exchange. On the National Stock Exchange, it lost 5 per c...

Govt to sell up to 10% stake in Coal India

To meet the fiscal deficit, the government will sell up to 10 per cent stake in state owned Coal India tomorrow. The decision will help the government to raise revenue of 24,000 crore rupees at the current market price. The decision on CIL stake sale was cleared by high-powered ministerial panel hea...

Packaging of foodgrains & sugar in jute material to be mandatory

Packaging of food grains and sugar in jute material will be mandatory. It will be minimum of 90 per cent of production in case of food grains and 20 per cent for sugar. The decision was taken by the Cabinet Committee on Economic Affairs, CCEA. The decision will help the jute sector which generates a...

RBI asks banks to ease norms for individual borrowers<br/>