Senior IFC official Sujoy Bose was today appointed CEO of India's maiden Rs 40,000 crore sovereign wealth fund NIIF.
27 Jun 2016, 9.58 pm | Source: PTI
CBDT today issued a set of fresh FAQs to clarify doubts about the processes of the one-time black money window as it stated that furnishing PAN number will be mandatory for the declarant while cases of non-filing of ITRs will ...
27 Jun 2016, 9.14 pm | Source: PTI
The benami amendment bill will be introduced in the monsoon session and warned that there will be more stringent measures to control the menace of tax evasion, says Rani Nair, member of the central board of direct taxes, in an int...
27 Jun 2016, 7.54 pm | Source: CNBC-TV18
Britain's exit from the European Union is unlikely to have a major impact on Indian auto component exports to the region, ICRA said on June 27
27 Jun 2016, 6.02 pm | Source: PTI
The constituted committee will have six members -- the RBI governor, Urjit Patel and another RBI official along with three government officials, reports Ritu Singh of CNBC-TV18 quoting sources.
27 Jun 2016, 5.49 pm | Source: CNBC-TV18
Brexit is unlikely to have a notable impact on India's GDP growth this fiscal, even though it will impact sectors like auto and information technology, domestic rating agency Crisil said on June 27
27 Jun 2016, 5.24 pm | Source: PTI
The government is considering whether to ease the repayment mechanism further for cash-starved steel companies which are facing the crunch due to persistent slowdown
27 Jun 2016, 4.54 pm | Source: PTI
Truck and bus radial tyres (TBR) import surged 57 percent while that of radial car tyres by 20 percent in the first two months of 2016-17 fiscal, prompting industry body ATMA to ask the government to impose anti-dumping duty on im...
27 Jun 2016, 4.16 pm | Source: PTI
Minister of State for Finance Jayant Sinha on June 27 said more "sources of black money" will come to light as India is pursuing such cases very aggressively in many areas including the Panama papers
27 Jun 2016, 4.16 pm | Source: PTI
The four short-listed candidates are: Reserve Bank of India Deputy Governor Urjit Patel, former deputy governors Rakesh Mohan and Subir Gokarn and State Bank of India Chair Arundhati Bhattacharya.
27 Jun 2016, 4.00 pm | Source: Reuters
Exports fell for the 18th month in a row in May by 0.79 percent, but the pace of decline has narrowed mainly on account of positive growth in key sectors like engineering and gems and jewellery.
27 Jun 2016, 3.44 pm | Source: PTI
The implementation of the new pay scales is estimated to put an additional burden of Rs 1.02 lakh crore on the exchequer in 2016-17. Subject to acceptance by the government, it will take effect from January 1, 2016.
27 Jun 2016, 3.36 pm | Source: NEWS18.com
Rajan was feted by investors for his efforts to deal with a mountain of bad debt clogging India's financial system, but his critics say an excessive focus on asset quality has scared banks out of lending and is partly to blame for...
27 Jun 2016, 3.20 pm | Source: Reuters
A fresh circular has been issued by the Board to clarify the issue with regard to applicability of the provisions to levy TCS, as announced in the Budget, where the sale consideration received is partly in cash and partly in chequ...
27 Jun 2016, 3.08 pm | Source: PTI
This will result in a saving of about 21,90,000 LPG cooking cylinders annually, besides providing bio-manure to reduce the use of chemical fertilisers. There would be a saving of about 10,000 tonnes of urea, the release said.
27 Jun 2016, 2.58 pm | Source: PTI
RINL's Vizag Steel Plant (VSP) has doubled its capacity to 6.3 million tonnes per annum (mtpa) and is in the process of raising it to 7.3 mtpa through modernisation and upgradation of its existing units. It also has a plan to incr...
27 Jun 2016, 2.40 pm | Source: PTI
"Sowing of cotton in Punjab and Haryana has been completed. Total area is down as farmers were scared to grow cotton fearing whitefly pest attack that had damaged the crop massively in these two states last year," a senior Agricul...
27 Jun 2016, 2.22 pm | Source: PTI
It is better to stick to retail lending till bad loans recognition in the corporate banking space is completed, says Prateek Agrawal, Business Head and Chief Investment Officer at Ask Investment Managers.
27 Jun 2016, 1.30 pm | Source: CNBC-TV18
"The announcement is credit positive because it demonstrates a continuation of reform momentum and paves the way for private investment and a boost in productivity," said Moody's.
27 Jun 2016, 10.40 am | Source: Reuters
A senior government official said the four were: RBI Deputy Governor Urjit Patel; former deputy governors Rakesh Mohan and Subir Gokarn; and State Bank of India Chair Arundhati Bhattacharya.
27 Jun 2016, 10.30 am | Source: Reuters
"The revised proposal for inclusion in the third list of Smart Cities would be submitted to the central government on June 30," Vadodara Municipal Commissioner Vinod Rao said.
27 Jun 2016, 10.02 am | Source: PTI
Indian delegations last week visited pulses growing nations, Mozambique and Myanmar, to explore government-to- government arrangement for assured supply of lentils, especially tur, on a long term basis.
27 Jun 2016, 9.16 am | Source: PTI
General Anti-Avoidance Rule (GAAR), which will kick in from April 1 next year, contains provisions to prospectively tax overseas deals involving local assets and are aimed at minimising tax avoidance and evasion by entities based ...
27 Jun 2016, 9.16 am | Source: PTI
"England is not a big buyer of textile machinery. Textile manufacturing moved away from England long ago to China. So we don't see much impact on Indian textile machinery manufacturing," Lathia said here.
27 Jun 2016, 9.14 am | Source: PTI
In order to ensure early adoption of cashless society, the government should bring incentivisation policy which may include tax benefits, discounts in property tax, telephone and electricity bills and other areas, CAIT said in a s...
27 Jun 2016, 7.58 am | Source: PTI
From today onwards, each LED bulb, presently sold at Rs 80 to Rs 85, will be sold at Rs 70 to Rs 75, state Energy Minister Saurabh Patel told reporters here.
27 Jun 2016, 7.56 am | Source: PTI
Concerns that the financial market ructions would spill over to the global economy also rocked assets in emerging markets including India, which is the world's fastest-growing major economy.
27 Jun 2016, 7.51 am | Source: CNBC
"The government has taken steps in defence sector by increasing FDI. This has been done in order to make India an export hub over the years," he said while addressing a meeting with the ex-servicemen here.
27 Jun 2016, 7.26 am | Source: PTI
"We have to focus on proper water management and will have to create water bodies in a decentralised manner. Big dams are necessary but decentralised water bodies are also necessary," Devendra Fadnavis said.
26 Jun 2016, 10.32 pm | Source: PTI
Uday Kotak also questioned whether nationalisation of banks served the purpose of checking disproportionate lending to big businesses, as most of the stress on their books is today due to loans to big corporates.
26 Jun 2016, 5.14 pm | Source: PTI