July 07, 2015 18:11 (IST)
Petrol prices were cut on June 30 by 31 paise per litre and diesel by 71 paise a litre in line with a fall in international oil rates. Brace for a bigger cut by the middle of this month when oil firms revise their prices.
July 07, 2015 14:48 (IST)
Commercial bankers say it would be easier to reduce lending rates, as the RBI has urged them to do, if surplus liquidity prevailed for some months.
July 06, 2015 23:43 (IST)
The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here on Monday.
July 06, 2015 23:02 (IST)
International Monetary Fund chief Christine Lagarde on Monday said the global crisis lender would assist Greece if asked, a day after Greek voters rejected a prior bailout plan.
July 06, 2015 21:33 (IST)
Greece on Monday named economist Euclid Tsakalotos, its top negotiator in the stalled European Union-International Monetary Fund talks, as the country's new finance minister, the president's office said.
July 06, 2015 21:29 (IST)
Greece's banks will stay closed at least until Friday, four banking sources said on Monday, as the country tries to reopen bailout negotiations with official creditors and save its financial system from collapse.
July 06, 2015 20:08 (IST)
Taking a jibe at some economists and commentators, Finance Minister Arun Jaitley said has they change their views according to the evolving situation as it happened in the domestic capital market on Monday in the aftermath of the referendum in Greece.
July 06, 2015 20:08 (IST)
Deutsche Bank on Monday said there are a plenty of challenges in terms of maintaining the fiscal deficit at the targetted 3.9 per cent of GDP for the current fiscal year.
July 06, 2015 16:09 (IST)
Eurozone's stability is "not in question" after Greeks voted 'no' to creditors' austerity demands in a weekend referendum, European Commission vice president for the euro Valdis Dombrovskis said on Monday.
July 06, 2015 15:49 (IST)
Finance Minister Arun Jaitley will participate in the inaugural meeting of the board of governors of the BRICS Development Bank on July 7 in Moscow.
July 06, 2015 15:34 (IST)
Germany maintained a hard line on Monday after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.
July 06, 2015 13:26 (IST)
With the risk of Greece's exit from the euro zone increasing after voters of the European country rejected the terms of the bailout offer, the Indian government on Monday said it is closely monitoring the situation.
July 05, 2015 18:40 (IST)
A CAIT delegation led by National Secretary General Praveen Khandelwal on Saturday met Finance Minister Jaitley and put forth their reservations over the proposed GST and the complexities its presents.
July 05, 2015 17:12 (IST)
RBI, in June 2 monetary policy review, cut the repo rate (short-term lending rate) from 7.5 per cent to 7.25, but left all other policy tools like cash reserve requirement unchanged at 4 per cent and Statutory Liquidity Ratio at 21.5 per cent.
July 05, 2015 16:40 (IST)
The government has managed to bring down the number of "stalled projects" to its lowest level in over three years, but any pick-up in new investment projects is still a few quarters away, a new survey has found.
July 05, 2015 16:11 (IST)
While the Goods and Services Tax Bill is being scrutinised by a select committee of the Rajya Sabha, the Land Acquisition bill is being discussed by the joint committee of Parliament.
July 05, 2015 12:34 (IST)
The Central Statistics Office (CSO) had adopted the new series of National Accounts with 2011-12 as base year and subsequently revised the Gross Domestic Product (GDP) growth rate to 6.9 per cent in 2013-14 from 4.7 per cent and 5.1 in 2012-13 from 4.5 per cent.
July 04, 2015 20:11 (IST)
While polls in Greece show the country evenly divided going into Sunday's crucial bailout referendum, some of the world's top economists are united in arguing that a 'no' result is the country's best - or least-worst - choice.
July 04, 2015 18:54 (IST)
Terming the rules for the new black money law "simple and clear", the Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.
July 04, 2015 16:16 (IST)
The ads come close to suggesting that the apocalypse could be just around the corner if Greeks make the wrong choice in a referendum on Sunday.