Thomson Reuters | Last Updated: May 02, 2016 10:47 (IST)
Growth in India's manufacturing sector slowed sharply in April as demand weakened, a business survey showed on Monday, reinforcing views that the central bank will have to cut interest rates again in coming months.
Thomson Reuters | Last Updated: May 02, 2016 09:11 (IST)
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors.
Thomson Reuters | Last Updated: May 02, 2016 08:44 (IST)
The Reserve Bank of India's Strategic Debt Restructuring (SDR) swap plan - aimed at reducing a $121 billion corporate bad debt mountain - envisages banks passing on control to a new owner within an 18-month grace period.
Press Trust of India | Last Updated: May 01, 2016 20:16 (IST)
Worst seems to be over for the Indian economy but given the structural issues, it will take some time to return to an investment-led high growth trajectory, according to a report by Deutsche Bank.
Thomson Reuters | Last Updated: May 01, 2016 12:41 (IST)
Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed on Sunday, raising doubts about the sustainability of a recent pick-up in the world's second-largest economy.
Press Trust of India | Last Updated: April 30, 2016 16:59 (IST)
Petrol price was on Saturday hiked by Rs 1.06 per litre while diesel rate was increased by Rs 2.94 per litre.
Thomson Reuters | Last Updated: April 30, 2016 14:30 (IST)
US inflation barely rose in March as consumer spending remained tepid, making it less likely that the Federal Reserve will be able to follow through on its projected two interest rate increases this year.
Press Trust of India | Last Updated: April 29, 2016 20:14 (IST)
Not satisfied with the Finance Ministry's decision to release Income Tax statistics for only one assessment year (2012-13), noted French Economist Thomas Piketty today said the government should have come out with the figures for earlier years for a meaningful analysis on income distribution.
Press Trust of India | Last Updated: April 29, 2016 18:44 (IST)
Reserve Bank Governor Raghuram Rajan on Friday proposed inclusion of financial literacy in school curriculum.
Press Trust of India | Last Updated: April 29, 2016 18:18 (IST)
With global commodities deflation bottoming out, the WPI inflation is likely to see an uptick in the current fiscal and is estimated at 7.1 per cent by March 2017, says a Bank of America Merrill Lynch report.
Press Trust of India | Last Updated: April 29, 2016 17:22 (IST)
Corporate tax collections have risen nearly 12-fold in last 15 years and personal income tax 9 fold but share of direct taxes in the economy has fallen to almost a decade low of 5.47 per cent, according to direct tax data published by the government on Friday.
Press Trust of India | Last Updated: April 29, 2016 16:56 (IST)
Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.
Press Trust of India | Last Updated: April 29, 2016 16:40 (IST)
India should enter into a free trade pact with the EU even if the country has to "compromise", otherwise benefits from rising wages in China will go to nations like Bangladesh and Vietnam, a top official said on Friday.
Press Trust of India | Last Updated: April 29, 2016 16:34 (IST)
To a query on whether the government has any mechanism to ensure the authenticity of the registering companies within a day, Jaitley said authenticity is ensured by obtaining a declaration and certification by a professional such as an"advocate/ chartered accountant/ cost accountant/ company secretary in practice".
Press Trust of India | Last Updated: April 28, 2016 21:36 (IST)
The country's current account deficit is likely to widen modestly to $25 billion in the current fiscal from $20 billion last year on rising demand for gold and sluggishness in exports, a report said on Thursday.
Thomson Reuters | Last Updated: April 28, 2016 21:25 (IST)
India's largest state insurer and its pension fund together bought about one-sixth of the bonds issued by regional governments for their power companies last fiscal year, a minister said on Thursday.
Press Trust of India | Last Updated: April 28, 2016 20:44 (IST)
Rising wages in China presents a huge opportunity to the apparel sector in India with a possibility of creating up to 1.2 million jobs in the country, a World Bank report said on Thursday.
Press Trust of India | Last Updated: April 28, 2016 20:42 (IST)
In a veiled criticism of IMF getting influenced by monetary policies of the developed world, Reserve Bank chief Raghuram Rajan has said that the policy innovations from emerging markets are more likely to be seen by it as "crankiness of the Governor or the government".