Press Trust of India | Last Updated: September 01, 2015 23:21 (IST)
In a big relief to FIIs, the government today accepted recommendation of a high-level panel that MAT should not be imposed on the overseas investors retrospectively.
Thomson Reuters | Last Updated: September 01, 2015 20:54 (IST)
JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, sank to its lowest reading since July 2013 last month, coming in at 50.7 compared to July's 51.0.
NDTV | Last Updated: September 01, 2015 20:13 (IST)
Finance Minister Arrun Jaitley is addressing a press conference on the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax.
NDTV | Last Updated: September 01, 2015 20:08 (IST)
In a move to placate foreign investors, the government has accepted a report on minimum alternate tax or MAT which recommends a waiver of tax on capital gains of earlier years.
Press Trust of India | Last Updated: September 01, 2015 17:26 (IST)
The economics research department of State Bank of India said the dip in growth raises doubts over attaining the fiscal deficit target of 3.9 per cent and the government may have to either cut the spending or increase revenue by Rs 21,192 crore to avoid the target from slipping.
Thomson Reuters | Last Updated: September 01, 2015 11:49 (IST)
From rising retail loans to a pick-up in movie ticket sales, there are early signs of a recovery in spending in Asia's third-largest economy.
Thomson Reuters | Last Updated: September 01, 2015 10:43 (IST)
Falling factory-gate prices are likely to filter into India's wider inflation rate, already at a record low of 3.78 per cent in July, giving the Reserve Bank of India room to cut interest rates again, possibly as early as this month.
Press Trust of India | Last Updated: August 31, 2015 23:14 (IST)
The report said the economy is seeing a slowdown in investment activity, credit and a corresponding slowdown in savings and deposits.
Press Trust of India | Last Updated: August 31, 2015 22:31 (IST)
Finance Ministry is slated to start consultations on 2016-17 Budget with different ministries and government departments from September 4.
Thomson Reuters | Last Updated: August 31, 2015 22:00 (IST)
Gross domestic product expanded an annual 7 per cent rate in the April-June quarter, government figures showed. That was slower than provisional growth of 7.5 per cent in the previous quarter.
Thomson Reuters | Last Updated: August 31, 2015 21:05 (IST)
The tenders are part of Prime Minister Narendra Modi's ambitious plans to raise solar capacity five fold to 100,000 MW by 2022 to meet India's growing power needs, create jobs and fight climate change without committing to an emission target.
Reported by Shweta Rajpal Kohli (With inputs from agencies) | Last Updated: August 31, 2015 20:07 (IST)
India currently is rated by S&P as BBB-. This means the country has ability to pay back loans and meet its financial commitments. It's the lowest investment grade rating. Below this grade, rating is junk.
NDTV | Last Updated: August 31, 2015 18:46 (IST)
Fuel prices were last revised on August 14, when the price of petrol was lowered by Rs 1.27 per litre while that of diesel was slashed by Rs 1.17 a litre.
NDTV | Last Updated: August 31, 2015 18:33 (IST)
India's GDP growth slowed down sharply in the June quarter, raising doubts about the health of the nearly $2-trillion Indian economy. GDP measures the size of all goods and services produced in the country.
Thomson Reuters | Last Updated: August 31, 2015 17:28 (IST)
Steel production shrank an annual 2.6 per cent last month, compared with a 4.9 per cent growth in June.
Thomson Reuters | Last Updated: August 31, 2015 16:46 (IST)
The fiscal deficit -- gap between expenditure and revenue -- for the entire current fiscal has been pegged at Rs 5.55 lakh crore.
Press Trust of India | Last Updated: August 31, 2015 15:22 (IST)
In his presentation to the visiting S&P officials, Chief Economic Advisor (CEA) Arvind Subramanian said that country has strong medium-term growth potential on back of persistent economic reforms which are being pursued by the government. S&P has BBB- rating on India with stable outlook.
Thomson Reuters | Last Updated: August 31, 2015 14:19 (IST)
The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters.