The government called S&P a 'conservative' rating agency which has decided to play 'cautious'.
The note-ban has resulted in a "fundamental shift" in the payment habits in the economy-a move away from cash payments to and a wider adoption of retail electronic payments, card usage at merchant terminals and cheques, an RBI study has found.
The GST norms allow smooth transfer of goods after getting rid of the checkpoints — now passing on the responsibility to the traders to comply with the new norms of providing the authenticated documents.
Watch the interview of Ravi Bhatia Director, Sovereign Ratings S&P Ratings Services with Shereen Bhan on CNBC-TV18, in which he shared his views on S&P's India Ratings which were kept unchanged at BBB- with stable outlook.
The economy will grow at a faster pace in quarter-ended September, as compared with the first quarter of the financial year 2017-18 (Apr-Mar), Department of Economic Affairs Secretary Subhash Chandra Garg said today.
Punjab chief minister Capt Amarinder Singh has written to Union Finance Minister Arun Jaitley seeking immediate withdrawal of 5 percent GST on food stuff in containers.
The ministry will put on the block 3-4 GW wind power capacities during third and fourth rounds by March 2018.
White Label ATMs or WLAs are ATMs that are owned and operated by non-bank entities where the only requirement of the bank is to provide or supply cash.
In January 2007, S&P had changed India’s rating to BBB-, which is the lowest investment grade rating for bonds. The outlook that it assigned back then was “stable” which it later changed to negative in 2009 and again raised it to stable in 2010.
E-commerce retailers continue to entice more and more people to carry out their holiday shopping online, changing the way people spend on the holidays.
In a landmark move to tackle the recurring menace of bad loans, the President signed off on the ordinance to tweak the Insolvency and Bankruptcy Code (IBC). However the changes which were approved by the President on Thursday - come with a big twist. It's not just "wilful" defaulters and those convicted of fraud, even defaulting promoters in general are set to lose their companies.
A sovereign rating indicates a country’s risk profile and another rating upgrade after Moody's will enhance India’s position as an investment destination for foreign investors
"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said in a report today.
Onion prices are on the rise, again. Almost every year, the onion prices have soared up to Rs 100 per kilo - beating its season price of being as low as Rs 20 per kilo.
Finance Minister Arun Jaitley had on February 1 announced introduction of electoral bonds.
For instance, tomato prices in Bengaluru, one of the major producers, are ruling at Rs 45-50 per kg in retail markets. In Aizawl in Mizoram, these are being sold at around Rs 95-100 per kg.
Opposition had accused NDA government of delaying to convene the Winter Session to avoid debate on GST, demonetisation and Rafale aircraft deal.
In a bid to take on competition in a consolidating market, the Sunil Mittal-led company has been buying stressed assets in the telecom sector, and spectrum.
The government will start investigating whether private developers exaggerated or 'gold plated' projects to increase their debt component as a part of measures taken to resolve stressed assets in power sector to reduce their equity contribution.
The order came from the Department of Consumer Affairs' Metrology Division, which looks at matters pertaining to measurement and labelling.
During his brief interaction, Purohit recalled the demand of the state government to implement the interlinking of rivers Mahanadhi-Godavari-Krishna-Pennar-Palar-Cauvery-Vaigai, a Raj Bhavan release said.
"The GST is the best indirect tax regime globally and there is no doubt about it and that is why it is adopted in most of the countries. But the way GST was implemented in India is a textbook example of how the tax reform should not be implemented anywhere," he said.
The world's third biggest oil importer sees its diesel and gasoline consumption rising by about two-thirds by 2030, oil minister Dharmendra Pradhan said on Wednesday.
The ministry has said all cases of combinations involving the central public sector enterprises (CPSEs) operating in oil and gas sectors under the Petroleum Act, 1934, have been exempted from the CCI approval requirement for five years.
Retirement fund body EPFO on Thursday approved a proposal for crediting exchange traded fund (ETF) units to provident fund accounts of its 4.5 crore members.