April 27, 2015 14:09 (IST)
The Federal Reserve dropped its reference to staying patient before raising interest rates in its policy statement in March.
April 27, 2015 12:17 (IST)
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".
April 27, 2015 11:28 (IST)
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.
April 27, 2015 07:14 (IST)
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.
April 25, 2015 20:23 (IST)
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.
April 25, 2015 00:03 (IST)
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.
April 24, 2015 23:21 (IST)
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.
April 24, 2015 21:51 (IST)
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.
April 24, 2015 21:21 (IST)
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.
April 24, 2015 19:10 (IST)
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.
April 24, 2015 18:54 (IST)
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.
April 24, 2015 18:53 (IST)
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.
April 24, 2015 18:35 (IST)
The slowdown in India was not a typical business cycle and therefore the turnaround will be gradual, Mr Malik told NDTV.
April 24, 2015 17:02 (IST)
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.
Mumbai | April 24, 2015 16:54 (IST)
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.
April 24, 2015 16:53 (IST)
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.
April 24, 2015 16:16 (IST)
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.
April 24, 2015 14:33 (IST)
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.
April 24, 2015 14:33 (IST)
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.
April 24, 2015 13:08 (IST)
Once the Constitution Amendment Bill is approved by Parliament by two-third majority, it will have to be ratified by half of the states.