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  • Growth Pause, Greek Crisis Could Keep Fed Mum on Rate Rise

    Growth Pause, Greek Crisis Could Keep Fed Mum on Rate Rise

    The Federal Reserve dropped its reference to staying patient before raising interest rates in its policy statement in March.

  • Taxation Policy has to be Non-Adversarial: Arun Jaitley

    Taxation Policy has to be Non-Adversarial: Arun Jaitley

    Promising a business-friendly environment to woo foreign investments, Finance Minister Arun Jaitley on Monday made it clear that retrospective tax will not be imposed and that taxation policy has to be "non-adversarial".

  • Panel to be Set up for Legacy Tax Issues: Arun Jaitley

    Panel to be Set up for Legacy Tax Issues: Arun Jaitley

    Seeking to contain the adverse fall out of minimum alternative tax (MAT) levy on foreign investors, Finance Minister Arun Jaitley said the government will set up a high-level committee to sort out the taxations issues of the past and make the system predictable.

  • Strong India Rupee Stings PM Modi's Export Ambitions

    Strong India Rupee Stings PM Modi's Export Ambitions

    Trade officials say exporters need a helping hand as they are fast losing competitiveness after the rupee appreciated by 11 per cent in real terms against a six-currency basket over the year.

  • Use Technology to Become Competitive: Jaitley to Service Providers

    Use Technology to Become Competitive: Jaitley to Service Providers

    Technology has made sectoral foreign direct investment (FDI) caps irrelevant, Finance Minister Arun Jaitley said on Saturday while asking service providers to exploit the inherent potential to become more competitive globally.

  • Parliament Kicks Off Debate on GST

    Parliament Kicks Off Debate on GST

    Parliament began debating the Goods and Service Tax (GST) on Friday that seeks to transform the country into a common market, but experts said compromises made to enlist the support of states risked diluting the impact of the biggest tax reform in decades.

  • Careful Management of Demand Vital for Make in India: Rajan

    Careful Management of Demand Vital for Make in India: Rajan

    Reserve Bank of India Governor Raghuram Rajan on Friday said that for the success of the government's 'Make in India' campaign, domestic demand needs to be managed "carefully" and industry should be made competitive, while stating that economic security is a must for national security.

  • Panel Questions New GDP Figures

    Panel Questions New GDP Figures

    Questioning the credibility of new gross domestic product or GDP data, a Parliamentary panel said on Friday that it is not convinced about the figures which are showing a sudden jump in the growth rate of economy.

  • Business Leaders Meet Jaitley, Want Tax Return Forms Simplified

    Business Leaders Meet Jaitley, Want Tax Return Forms Simplified

    Pitching for simpler income tax returns, business leaders on Friday asked Finance Minister Arun Jaitley to ensure that details about all foreign travels and bank accounts should not be made mandatory in these forms.

  • Unseasonal Rains: India Ratings Sees NPAs Jumping 0.4% in FY16

    Unseasonal Rains: India Ratings Sees NPAs Jumping 0.4% in FY16

    Unseasonal rains in the month of March will lead to an increase in the gross non-performing assets (NPAs) of the banking system by up to 0.40 per cent due to a rise in the total agricultural advances, according to India Ratings.

  • Weak Rural Growth May Be More Damaging if Rains Fail: HSBC

    Weak Rural Growth May Be More Damaging if Rains Fail: HSBC

    The impact on rural demand and growth could be "substantial" if rains are below normal, global brokerage firm HSBC has said, adding that the Reserve Bank of India (RBI) will be mindful and is likely to cut the repo rate by 25 basis points in its June meeting.

  • Forex Reserves Rise to $343 Billion

    Forex Reserves Rise to $343 Billion

    After falling last week, the country's foreign exchange reserves surged by a healthy $2.788 billion to $343.2 billion in the week to April 17 as foreign currency assets (FCAs) rose, the Reserve Bank said.

  • Modi Government Overestimated Its Ability to Fix Economy: CLSA

    Modi Government Overestimated Its Ability to Fix Economy: CLSA

    The slowdown in India was not a typical business cycle and therefore the turnaround will be gradual, Mr Malik told NDTV.

  • India Ranks 117 Out of 158 Nations on Global Happiness Index

    India Ranks 117 Out of 158 Nations on Global Happiness Index

    Switzerland has been named the happiest country in the world, coming in at the number one spot on the 2015 World Happiness Report published by the Sustainable Development Solutions Network (SDSN), which is a global initiative for the United Nations.

  • Government to Rule on MAT Claims for Tax Treaty Investors Within a Month

    Government to Rule on MAT Claims for Tax Treaty Investors Within a Month

    Foreign investors in India previously paid 15 per cent on short-term listed equity gains, 5 per cent on gains from bonds, and nothing on long-term gains. However, from late 2014 many firms received notices demanding payment of a so-called minimum alternative tax (MAT) on past income.

  • GST Bill Faces Hurdle in Parliament: 10 Facts About the Tax Reform

    GST Bill Faces Hurdle in Parliament: 10 Facts About the Tax Reform

    As the key reform - which Finance Minister Arun Jaitley calls the biggest tax reform since independence - ran into trouble, here are 10 facts about GST which the government wants to roll out by April 2016.

  • Notices to 68 FIIs to Recover Rs 602 Cr Tax Towards MAT: Jayant Sinha

    Notices to 68 FIIs to Recover Rs 602 Cr Tax Towards MAT: Jayant Sinha

    The Income Tax Department has sent notices in 68 cases to foreign institutional investors (FIIs) for payment of dues totalling Rs 608.83 crore towards Minimum Alternate Tax (MAT), Parliament was informed on Friday.

  • Achieving 3% Fiscal Deficit Target by FY18 a Challenge: Jaitley

    Achieving 3% Fiscal Deficit Target by FY18 a Challenge: Jaitley

    Achieving a 3 per cent fiscal deficit target by 2017-18 is a challenge but the government will not compromise on building public infrastructure and irrigation, Finance Minister Arun Jaitley said on Friday.

  • RBI to Cut Rates in May, Once More by Year-End: Poll

    RBI to Cut Rates in May, Once More by Year-End: Poll

    The Reserve Bank of India (RBI) is likely to cut interest rates again next month, with analysts polled by Reuters forecasting a strong probability that will act ahead of scheduled policy meetings, as it has done so far this year.

  • GST Bill Introduced in Parliament; Can Add 2% to GDP, Says Jaitley

    GST Bill Introduced in Parliament; Can Add 2% to GDP, Says Jaitley

    Once the Constitution Amendment Bill is approved by Parliament by two-third majority, it will have to be ratified by half of the states.

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