November 23, 2014 16:53 (IST)
Falling for the second month in a row, foreign direct investment (FDI) coming to India declined about 16 per cent to $2.45 billion in September.
November 23, 2014 16:34 (IST)
India's manufacturing sector is likely to see moderate growth in the third quarter of the ongoing fiscal year, according to a survey by industry body Ficci.
November 23, 2014 16:33 (IST)
Finance Minister Arun Jaitley on Sunday pitched for an interest rate cut, expressing confidence that the Reserve Bank of India (RBI) will move in the direction of making the cost of capital reasonable to help perk up economy.
November 23, 2014 15:29 (IST)
A reduction of the scope of subsidies currently being provided to well-off people appears to be on the anvil with Finance Minister Arun Jaitley questioning the justification of "unquantified" subsidy amounts to "unidentifiable" sections.
November 23, 2014 15:07 (IST)
Assessing the performance of the Narendra Modi government at the Centre in the first six months, India Inc said the new dispensation has initiated fundamental reforms that have set stage for revival of economic growth.
November 23, 2014 14:07 (IST)
The government will allow commercial mining of coal by private companies after allocating mines to public sector undertakings and auction to specific end-users, Finance Minister Arun Jaitley said on Sunday.
November 23, 2014 13:17 (IST)
The Winter Session of Parliament beginning on Monday is expected to be heated with the government planning to push an ambitious economic agenda undeterred by resistance from a section of the opposition.
November 23, 2014 12:31 (IST)
A "whole set of second generation reforms" will be unveiled in the next Union Budget, Finance Minister Arun Jaitely said on Sunday , promising "a lot of exciting time ahead".
November 22, 2014 18:29 (IST)
He was asked whether the government would have a relook at the bilateral treaties through which the government was not easily getting information about black money hoarders abroad.
November 22, 2014 18:15 (IST)
However, it parried questions on whether the government plans to convene a joint session for passage of some of these legislations if consensus with Congress and other opposition parties was not possible.
November 22, 2014 16:09 (IST)
In fact, he would encourage more money being put in the pockets of tax payers that will lead to spending and collection of more indirect taxes.
Written By: Varun Sinha | November 22, 2014 12:02 (IST)
Finance Minister Arun Jaitley on Friday said that ensuring the passage of the constitutional amendment Bill in Parliament will be a priority for the government. The government will also need the consent of 50 per cent of states to implement GST by April 2016.
November 21, 2014 22:38 (IST)
The Coal Ministry is working out the valuation of the auction-bound blocks. Also, the Government is finalising on the number of blocks to be auctioned to private companies and those allocated to be public sector undertakings.
November 21, 2014 22:20 (IST)
According to India Ratings report, e-auctions will reduce the fuel availability risks for companies. The eligibility criteria, linked to the preparedness status of the end-use plants (80% of investment made for schedule II mines and 60% in schedule III mines), accords priority to operational and near-completion end-users for bidding.
November 21, 2014 20:44 (IST)
Jaitley said: "Once political leadership, particularly the man on the top, has decisiveness, the most complicated of the decisions will also become simple.
November 21, 2014 19:47 (IST)
India, the world's second-largest gold consumer over the past year, is wrestling with its response to a fourfold jump in gold imports in October. That spike raised fresh concerns over the strain to the country's balance of payments.
November 21, 2014 19:39 (IST)
He, however, maintained that those who are supposed to pay taxes must pay.
November 21, 2014 19:09 (IST)
Under the automatic route, the major borrowers were Tata Motors raising $750 million for rupee expenditure and refinancing of earlier ECB and Reliance Jio Infocomm $750 million for rupee expenditure.
November 21, 2014 18:53 (IST)
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen held in reserves.
November 21, 2014 18:32 (IST)
Individually, Shriram Transport Finance Company raised Rs 1,975 crore, as against a target of Rs 500 crore; Muthoot Finance mopped up Rs 466 crore against a base size of Rs 250 crore; and ECL Finance garnered Rs 400 crore as against Rs 200 crore.