May 24, 2015 18:16 (IST)
As the Modi government completes one year in office, India Inc expects major initiatives in the next two quarters along with forward movement in key sectors like road, power, coal, non-renewable energy, mainly led by public sector investment, industry body Assocham said on Sunday.
May 23, 2015 14:10 (IST)
Addressing his second press conference in as many days to highlight achievements of Narendra Modi government in first year in office, Mr Jaitley said "restlessness" of people for the economy to grow at a faster pace should put pressure on Congress to shed anti-growth and anti-development agenda.
May 22, 2015 19:48 (IST)
The government hopes to sell shares in ONGC and India Oil Corp. to raise about a third of its budget target for asset sales of $11 billion - and reduce its fiscal deficit to 3.9 per cent of GDP in the 2015/16 fiscal year.
May 22, 2015 19:03 (IST)
Rajan also said that the World Bank and Asian Development bank should be ready to bring in long-term risk capital for infrastructure projects in emerging markets.
May 22, 2015 16:47 (IST)
In its report 'India: Time to Deliver' released yesterday DBS Bank, however, has put in a note of caution, saying, 'But sustaining that optimism will not be easy.'
May 22, 2015 16:23 (IST)
The Finance Ministry will come out with simplified Income Tax Return (ITR) forms by the next week, replacing the controversial ones that have been put on hold.
May 22, 2015 15:35 (IST)
Foreign portfolio investors have complained about surprise tax claims and, during a news conference to mark Prime Minister Narendra Modi's first year in power, Mr Jaitley said a judicial resolution was in the works.
May 22, 2015 14:55 (IST)
Oil and Natural Gas Corp, Oil India and GAIL (India) sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.
May 22, 2015 13:34 (IST)
Finance Minister Arun Jaitley on Friday said India's economy has come a long away from the general environment of gloom that existed a year back. There's a sense of excitement about India's economy, one year after Prime Minister Narendra Modi took charge of the government, he added.
May 22, 2015 13:31 (IST)
Finance Minister Arun Jaitley said on Friday the value of the rupee should be market-driven, while noting India had potential to touch doubt-digit economic growth.
May 22, 2015 13:24 (IST)
The RBI will review its monetary policy on June 2 and is widely expected by economists to lower its key policy rate by 25 basis points on the back of the sharp fall in both retail and wholesale prices.
May 22, 2015 12:52 (IST)
The comments come after the government last month withdrew proposals to set up the agency, with Jaitley adding then the government would consult with the central bank and unveil a new roadmap.
May 22, 2015 12:33 (IST)
Mr Jaitley's comments reiterated a budget commitment to cut the rate of corporate tax to 25 per cent from 30 per cent over the next four years.
May 21, 2015 20:51 (IST)
The Cabinet also approved financial restructuring of Brahmaputra Valley Fertilizer Corporation by waiving the entire cumulative interest Rs 774.61 crore as on March 31, the Fertiliser Ministry said in a statement.
Reported By: Shweta Rajpal Kohli | May 21, 2015 20:41 (IST)
As the Narendra Modi government completes one year in office, top industrialists say the biggest disappointment has been the handling of taxation issues for foreign institutional investors (FIIs) that led to huge outflows from stock markets last month.
May 21, 2015 20:01 (IST)
Japan unveiled a plan on Thursday to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington.
May 21, 2015 19:55 (IST)
A decision in this regard was taken by the Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi.
May 21, 2015 19:27 (IST)
India has the lowest income inequality among all emerging economies, but it is much higher than most of the advanced economies, the Organisation for Economic Cooperation and Development (OECD) said on Thursday.
May 21, 2015 18:36 (IST)
A large number of employees in India believe that companies in their market often exaggerate financials and indulge in corrupt practices to achieve higher growth, according to the findings of a survey by global accountancy firm EY.
May 21, 2015 16:25 (IST)
According to global information and insights provider Nielsen, in the first quarter of 2015, India's consumer confidence score rose to 130 followed by Indonesia (123) and Philippines (115).