Press Trust of India | Last Updated: September 02, 2015 21:36 (IST)
Through transfer pricing mechanism, he said, multinationals move profits to low tax countries and tax havens, thus reducing their tax liability.
Press Trust of India | Last Updated: September 02, 2015 18:45 (IST)
According to the Japanese brokerage firm, the PMI data for August reinforce the view that cyclical recovery is in progress for the Indian economy led by improving consumption demand and rising profit margins owing to low inflation and falling interest rates.
Press Trust of India | Last Updated: September 02, 2015 18:41 (IST)
India and Brazil also represented a significant share of total local currency government debt, at 14.7 per cent and 13.3 per cent respectively - each holding a larger share individually than the share of LatAm (ex-Brazil) and Asia (ex-China and India).
Thomson Reuters | Last Updated: September 02, 2015 18:08 (IST)
The July-September rains irrigate nearly half of India's farmlands that lack irrigation facilities, bringing relief to millions of poor farmers who till small plots of land to sustain their families.
Press Trust of India | Last Updated: September 02, 2015 17:36 (IST)
Talking to the reporters on below-than-expected first quarter growth, Subramanian said, the numbers suggest that "economy is recovering" and is consistent with the other more high-frequency indicators such as revenue collection and real credit growth.
Press Trust of India | Last Updated: September 02, 2015 17:03 (IST)
According to Morgan Stanley, inflation is likely to remain below 5 per cent year-on-year over the next two years and accordingly the central bank is likely to lower rates by a further 50-75 bps by March 2016.
NDTV | Last Updated: September 02, 2015 14:12 (IST)
India's economic growth is moving in the right direction and the government remains confident of meeting its 8 per cent GDP growth target for the current fiscal year, said Chief Economic Advisor Arvind Subramanian
Thomson Reuters | Last Updated: September 02, 2015 14:02 (IST)
Arvind Subramanian's comments came days after economic growth slowed at a faster-than-expected pace to 7 per cent in the quarter to June.
Reported by Shweta Rajpal Kohli with Agencies | Last Updated: September 02, 2015 13:30 (IST)
The government expects private companies to boost output from the areas that hold resources of more than $10 billion.
NDTV | Last Updated: September 02, 2015 13:24 (IST)
Arvind Subramanian, Chief Economic Adviser to the government of India, is addressing a press conference.
Press Trust of India | Last Updated: September 01, 2015 23:21 (IST)
In a big relief to FIIs, the government today accepted recommendation of a high-level panel that MAT should not be imposed on the overseas investors retrospectively.
Thomson Reuters | Last Updated: September 01, 2015 20:54 (IST)
JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, sank to its lowest reading since July 2013 last month, coming in at 50.7 compared to July's 51.0.
NDTV | Last Updated: September 01, 2015 20:13 (IST)
Finance Minister Arrun Jaitley is addressing a press conference on the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax.
NDTV | Last Updated: September 01, 2015 20:08 (IST)
In a move to placate foreign investors, the government has accepted a report on minimum alternate tax or MAT which recommends a waiver of tax on capital gains of earlier years.
Press Trust of India | Last Updated: September 01, 2015 17:26 (IST)
The economics research department of State Bank of India said the dip in growth raises doubts over attaining the fiscal deficit target of 3.9 per cent and the government may have to either cut the spending or increase revenue by Rs 21,192 crore to avoid the target from slipping.
Thomson Reuters | Last Updated: September 01, 2015 11:49 (IST)
From rising retail loans to a pick-up in movie ticket sales, there are early signs of a recovery in spending in Asia's third-largest economy.
Thomson Reuters | Last Updated: September 01, 2015 10:43 (IST)
Falling factory-gate prices are likely to filter into India's wider inflation rate, already at a record low of 3.78 per cent in July, giving the Reserve Bank of India room to cut interest rates again, possibly as early as this month.
Press Trust of India | Last Updated: August 31, 2015 23:14 (IST)
The report said the economy is seeing a slowdown in investment activity, credit and a corresponding slowdown in savings and deposits.
Press Trust of India | Last Updated: August 31, 2015 22:31 (IST)
Finance Ministry is slated to start consultations on 2016-17 Budget with different ministries and government departments from September 4.