March 27, 2015 10:38 (IST)
If interest earned on recurring deposits exceeds Rs 10,000 a year, TDS at the rate of 10 per cent would be deducted by the bank.
March 26, 2015 23:14 (IST)
The Budget proposed to set up an autonomous Banks Board Bureau to help lenders raise capital.
March 26, 2015 11:41 (IST)
The rupee had snapped its seven-day winning spree by slipping seven paise to close at 62.33 against the dollar in yesterday's trade.
March 25, 2015 23:31 (IST)
MUDRA Bank is expected to benefit about 5.77 crore small business units.
March 25, 2015 21:42 (IST)
Finance Minister Arun Jaitley on Wednesday said the government has drawn a list of state-owned companies which will be put on block for strategic sale.
March 25, 2015 19:44 (IST)
Bullion market remained closed in the national capital on Wednesday as traders refrained from doing business to protest the budgetary proposal that would make it mandatory to quote PAN for purchases of above Rs 1 lakh.
March 25, 2015 19:31 (IST)
Days ahead of the Reserve Bank of India's annual monetary policy, Finance Minister Arun Jaitley on Wednesday said India needs lower interest rates for high growth and certainly there will be more rate cuts in future triggering reduction in cost of borrowings.
March 25, 2015 17:26 (IST)
The government hopes to pass a national Goods and Services Tax (GST) in the second half of Parliament's Budget session, Finance Minister Arun Jaitley said on Wednesday.
March 24, 2015 22:12 (IST)
The government is ready to launch the next round of coal block auctions from April even as it is facing litigation by Jindal Steel & Power Ltd (JSPL), which saw its bids being cancelled in the last round of auctions.
March 24, 2015 19:48 (IST)
The government on Tuesday allotted 38 mines to central and state public sector units including power major National Thermal Power Corporation (NTPC), DVC and Steel Authority of India Ltd (SAIL).
March 24, 2015 13:31 (IST)
Experts say PPF scores over Sukanya Samriddhi Account in terms of liquidity (partial withdrawal facility). But Sukanya Samriddhi Account could potentially give higher returns, they add.
March 22, 2015 19:22 (IST)
Proposed in Budget, Mudra Bank will be providing access to institutional finance to micro businesses.
March 22, 2015 18:06 (IST)
Overseas investors have poured in $2.5 billion into the Indian capital markets so far this month, taking the total inflow to around $12 billion since the beginning of the year.
March 22, 2015 15:35 (IST)
Reserve Bank of India (RBI) Governor Raghuram Rajan on Sunday cautiously backed a government plan to hand public debt management to a new agency, as the two sides played down reports of friction over the biggest regulatory shakeup in a generation.
March 22, 2015 12:51 (IST)
Finance Minister Arun Jaitley on Sunday denied any "disconnect" with the Reserve Bank of India (RBI) over plans to introduce a monetary policy committee and change the central bank's regulatory powers.
March 21, 2015 16:31 (IST)
The minister also underlined the need for relaxing norms for entry of multinational corporations to promote growth which he said is essential for creating jobs and raising the resources of the government.
March 20, 2015 22:04 (IST)
Taxation of secondment arrangements in India seems to be a relentless debate from an income tax perspective.
March 20, 2015 21:42 (IST)
The government will not take away any 'significant' power of the Reserve Bank of India (RBI) and a clarification on the central bank's role in the regulation of bond market will be provided next month, Finance Minister Arun Jaitley said on Friday.
March 20, 2015 14:50 (IST)
The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.
March 20, 2015 11:32 (IST)
The Federal Aviation Administration on Thursday gave Amazon permission to conduct test flights of its drones outdoors, as long as the company obeys a host of rules like flying below 400 feet and only during daylight.