December 06, 2013 13:40 (IST)
A recovery in the rupee is giving Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government's subsidy bill.
December 06, 2013 12:04 (IST)
All indicators are pointing towards India whose economy will grow faster in 2014 than anybody could have previously imagined. 2014 will be the year that India finally makes that magical jump from the ranks of a "3rd world" economy to a legitimate, economic powerhouse.
New Delhi | December 05, 2013 22:05 (IST)
Amid India's slowing economy, gross direct tax collection has risen by 13.18 per cent to Rs 3.68 lakh crore in April-November period of fiscal year 2013-14 (FY14). The collections had totalled Rs 3.25 lakh crore during the first eight months of the previous fiscal year.
Florida | December 05, 2013 20:41 (IST)
Once the Federal Reserve finally trims its bond-buying program, it should then commit to an effective schedule that would wind it down completely, a top US central banker said on Thursday.
New Delhi | December 05, 2013 18:38 (IST)
Diesel demand has declined this fiscal year, for the first time in more than a decade, as monthly price hikes and increased power generation clipped consumption, Indian Oil Corporation (IOC) chairman R S Butola said on Thursday.
New York | December 05, 2013 18:16 (IST)
Forbes magazine has ranked India 98th in its list of world's best countries for doing business. The US publication has cited poverty, corruption and discrimination against girls among the challenges facing the country.
Tokyo | December 05, 2013 16:06 (IST)
Japanese Prime Minister Shinzo Abe's cabinet approved a $182-billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact.
New Delhi | December 05, 2013 08:18 (IST)
The Bharatiya Janata Party (BJP) emerged as the biggest winner in four key state elections, exit polls forecast on Wednesday, a possible blow to the ruling Congress ahead of a general election due next year.
London | December 04, 2013 17:29 (IST)
Global growth was modest and a tepid expansion in the euro zone masked a growing disparity among its key members last month, data showed on Wednesday.
Bali, Indonesia | December 04, 2013 16:12 (IST)
Chances of a breakthrough in global trade negotiations dimmed Wednesday as India refused to budge on food subsidies that are an obstacle to an eleventh-hour agreement at a World Trade Organization summit.
Mumbai | December 04, 2013 15:56 (IST)
In the July-September quarter, CAD narrowed to $5.2 billion, or 1.2 per cent of GDP, as against $21 billion or 5 per cent of the GDP, in same period of last fiscal.
December 04, 2013 15:09 (IST)
The 2014 Lok Sabha elections could help boost the fortunes of the Indian economy and the rupee, Deutsche Bank Research said in a report.
Bangalore | December 04, 2013 14:57 (IST)
Calling the Voluntary Compliance Encouragement Scheme (VCES) for service tax a rare opportunity to make a "fresh start", Finance Minister P Chidambaram on Wednesday asked those in trade and industry to seize the offer. He also made it clear that tax evaders would eventually be "reached".
New Delhi | December 04, 2013 14:15 (IST)
Finance Minister P Chidambaram has said fiscal deficit, which is the difference between the government's expenditure and its revenues, will be contained at 4.8 per cent of the GDP or gross domestic product, during the current fiscal.
Singapore | December 04, 2013 12:34 (IST)
Preliminary balance of payments data published on Monday showed that the current account deficit fell to $5.2 billion in the July-September quarter of 2013-14, or 1.2 per cent of GDP.
Bangalore, India | December 04, 2013 10:44 (IST)
The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, nudged up to 47.2 last month from 47.1 in October.
New Delhi | December 03, 2013 23:42 (IST)
India's motor vehicle exports to Europe, including passenger cars, are likely to be hit from January when the European Union raises customs duty for import of vehicles from 6.5 per cent to 10 per cent, according to EEPC India (formerly Engineering Export Promotion Council).
Mumbai | December 03, 2013 22:21 (IST)
With the farm sector showing signs of revival on the back of a good monsoon, India Ratings said on Tuesday that the moderating urban spending is likely to drag the consumer sector performance.
New Delhi | December 03, 2013 20:51 (IST)
Narrowing of India's current account deficit will help arrest depreciation of the rupee and ease inflation concerns, according to industry groups.
Geneva/New Delhi | December 03, 2013 17:02 (IST)
Switzerland has directed banks to strengthen due diligence on overseas clients to prevent illicit fund flows as well as comply with international tax regulations.