Mar 22, 2015 at 13:41 | Source: PTI
Scotching murmurs of differences between the government and the RBI over regulation of money market, Finance Minister Arun Jaitley today said there is no 'disconnect' between the two and hoped banks would follow the central bank in reducing interest rates.
Mar 20, 2015 at 08:23 | Source: PTI
Calculating national income with 2011-12 as the base year, the CSO revised the growth for 2013-14 to 6.9 percent. Growth rate was earlier calculated with 2004-05 as base year. Members, during the debate on General Budget, contended that high growth rate as projected was not visible on the ground.
Mar 15, 2015 at 16:01 | Source: PTI
According to industry, the govt must reduce the central excise duty on man-made fibre from 12 percent to 6 percent on par with cotton and also remove the 5 percent import duty and 4 percent special additional duty.
Mar 10, 2015 at 17:48 | Source: PTI
Employees' Provident Fund Organisation's (EPFO) apex decision making body, Central Board of Trustees, headed by the Labour Minister, is also likely to appoint new fund managers for three year term, beginning April 1, and raise age limit for vesting of pension by two years to 60.
Mar 10, 2015 at 11:16 | Source: CNBC-TV18
The government has recently proposed to amend the Reserve Bank of India (RBI) Act to take away money market regulatory powers from the central bank and bring it under the purview of market regulator Sebi.
Mar 05, 2015 at 18:30 | Source: PTI
India opened up its economy to the private sector in 1991. The 14th Finance Commission has recommended higher share to the states in central taxes. It suggested to increase shares of states to 42 percent from current 32 percent.
Mar 05, 2015 at 12:00 | Source: SME Mentor
To help our SMEs and exporter community read the fine print of the Budget, we recently conducted a live chat with Mr. Ajay Sahai, Director General & CEO, Federation of Indian Export Organizations (FIEO).
Mar 04, 2015 at 08:55 | Source: Moneycontrol.com
In a surprise move, the Reserve Bank of India (RBI) today cut the benchmark repo rate by 25 basis points to 7.5 percent. Analysts said the out-of-cycle interest-rate cut confirms the central bank has definitively embarked on its much-awaited easing cycle.
Mar 03, 2015 at 18:11 | Source: PTI
Recently, the government infused Rs 6,990 crore into nine out 28 state-run banks, based on their return on equity and return on assets against a budgeted Rs 11,200 crore.
Mar 02, 2015 at 16:36 | Source: Reuters
Government bonds fell and swap rates surged on Monday on concerns the central bank would delay interest rate cuts after the Budget set a higher-than-expected fiscal deficit target.