Press Trust of India | Last Updated: August 02, 2015 17:02 (IST)
According to the global financial services major, though the widening of CAD is likely to raise concerns "briefly" over wider trade imbalances, the full-year CAD is likely to remain within control.
Press Trust of India | Last Updated: August 02, 2015 16:06 (IST)
Pointing out that India's real rate of interest has reached a 10-year high, PHD Chamber has exhorted the RBI to slash the benchmark rate by at least 50 basis points in the monetary policy review on Tuesday.
Press Trust of India | Last Updated: August 02, 2015 15:49 (IST)
The revised draft of the Indian Financial Code (IFC), which proposes that any decision on monetary decision should be taken by majority by a seven-member committee without any veto power to the RBI chief, has created a furore and was seen as an attempt to curtail the central bank's autonomy.
Press Trust of India | Last Updated: August 02, 2015 12:37 (IST)
India is likely to produce at least a dozen more billionaires and several new millionaires by 2020 as the country's start-ups scene hots up, fuelled by sectors like e-commerce, financial services and other technology-driven fields, an Assocham study has projected.
Press Trust of India | Last Updated: August 01, 2015 14:07 (IST)
Terming land acquisition as one of the "difficult acts" in India, NITI Aayog Vice Chairman Arvind Panagariya on Saturday said it can easily take up to 5 years for acquiring land for a large project including building of cities.
Thomson Reuters | Last Updated: August 01, 2015 12:25 (IST)
Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a stock market slump.
Press Trust of India | Last Updated: July 31, 2015 23:29 (IST)
The fiscal situation during April-June 2015-16 showed some improvement over the corresponding period of last year as the deficit then was 56.1 per cent of the Budget estimates.
Press Trust of India | Last Updated: July 31, 2015 21:14 (IST)
While Finance Minister Arun Jaitley had in Budget for 2015-16 provided Rs 7,940 crore towards recapitalisation of PSU banks, he today sought Parliament nod for another Rs 12,010 crore in the first supplementary demand for grants.
Press Trust of India | Last Updated: July 31, 2015 20:33 (IST)
Foreign currency assets (FCAs), which are a major component of overall reserves, rose by $314.2 million to $329.245 billion in the week, the data showed.
Press Trust of India | Last Updated: July 31, 2015 20:01 (IST)
o address issue of pending cases at ITAT, Jaitley said, the limit of total income of cases that may be decided by single member bench of tribunal has been increased from Rs 5 lakh to Rs 15 lakh.
Press Trust of India | Last Updated: July 31, 2015 19:26 (IST)
In 2014-15, the government seized Rs 761.70 crore in 545 searches, Rs 807.84 crore in 569 cases in 2013-14 and Rs 575.08 crore in 422 searches in 2012-13, Minister of State for Finance Jayant Sinha said in Lok Sabha.
Thomson Reuters | Last Updated: July 31, 2015 18:50 (IST)
High levels of non-performing assets in state-run banks have made it hard for the government of Prime Minister Narendra Modi to revive investment or accelerate growth in Asia's third largest economy.
NDTV | Last Updated: July 31, 2015 18:03 (IST)
As part of the bank recapitalization plan, the government proposes to infuse Rs 25,000 crore in this fiscal, which is much higher the amount earmarked in this year's Budget.
Press Trust of India | Last Updated: July 31, 2015 14:02 (IST)
The Reserve Bank of India is likely to pause on rates at its ensuing meeting next week, but may go for a rate cut by the end of the year, as further clarity on the monsoon front is awaited, according to brokerages.
Press Trust of India | Last Updated: July 30, 2015 23:15 (IST)
Sectors like insurance, pension, retail and pharmaceuticals will benefit from introduction of composite cap in the FDI or foreign direct investment policy which came into effect from Thursday.
Press Trust of India | Last Updated: July 30, 2015 18:59 (IST)
Moody's Analytics said that if India is to catch up to global economic powerhouses such as China, reforms must be delivered swiftly. Reforms can accelerate growth and improve prospects, particularly in emerging market economies.
Thomson Reuters | Last Updated: July 30, 2015 18:39 (IST)
US economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.