Finance

19 Results

  • Industry honchos hail Moody's rating upgrade for India

    Industry honchos hail Moody's rating upgrade for India

    Financial sector stalwarts have hailed India's rating upgrade by Moody's, saying it was long overdue and will reduce the borrowing cost for the country. Moody's Investors Service on Friday raised India's sovereign rating for the first time in 13 years, saying growth prospects......

    November 17, 2017
  • Cabinet approves anti-profiteering authority under GST

    Cabinet approves anti-profiteering authority under GST

    The Union Cabinet on Thursday approved setting up of the anti-profiteering authority under the Goods and Services Tax (GST) regime to be composed of a chairman and four technical members. "This paves the way for the immediate establishment of the......

    November 16, 2017
  • Economic stimulus not linked to Gujarat: Arun Jaitley

    Economic stimulus not linked to Gujarat: Arun Jaitley

    Finance Minister Arun Jaitley rejected attempts to link Monday's announcement of economic stimulus package to Wednesday's announcement of Gujarat elections. "This is for the first time structural reforms is being undertaken. It has nothing to do with politics. It is......

    October 25, 2017
  • EEPC India, PNB ink MoU to provide easy finance

    EEPC India, PNB ink MoU to provide easy finance

    The Engineering Export Promotion Council (EEPC) of India and Punjab National Bank (PNB) on Monday singed an MoU to provide access to finance for the small and medium enterprises and merchant exporters of the council. The public sector bank will......

    October 23, 2017
  • RBI orders banks to immediately pay interest under GMS

    RBI orders banks to immediately pay interest under GMS

    The Reserve Bank of India (RBI) on Tuesday advised commercial banks to "immediately" pay interest due on the Gold Monetisation Scheme (GMS), 2015. "It has been decided that reimbursement of payments made by banks, relating to Medium and Long Term......

    October 17, 2017
  • PM Modi's economic council asks govt to stick to fiscal consolidation

    PM Modi's economic council asks govt to stick to fiscal consolidation

    The newly-constituted Economic Advisory Council to the Prime Minister (EAC-PM) held its first meeting here on Wednesday, deciding to focus on 10 areas of interest in a bid to rev up the slowing Indian economy. This panel of economists and experts......

    October 11, 2017
  • Demonetisation helped increase revenue collections: Arun Jaitley

    Demonetisation helped increase revenue collections: Arun Jaitley

    Listing out the benefits of demonetisation, Union Finance Minister Arun Jaitley on Friday said that direct tax collections had risen 15.7 per cent till September 18, adding that undisclosed income of Rs 5,400 crore was also detected. "Net collections up......

    September 29, 2017
  • India's April-August fiscal deficit at over 96% of target

    India's April-August fiscal deficit at over 96% of target

    India's April-August fiscal deficit -- at Rs 5.25 lakh crore -- stood at 96.1 per cent of the full year's budget target of Rs 5.46 lakh crore, official data showed on Friday. The data furnished by the Comptroller General of......

    September 29, 2017
  • Economy facing transitional challenges: Arvind Subramanian

    Economy facing transitional challenges: Arvind Subramanian

    Arvind Subramanian, whose term as Chief Economic Advisor (CEA) has been extended by a year, on Saturday said the economy was going through some "transitional issues" and the government was working towards reviving growth. "We do have some transitional issues......

    September 23, 2017
  • Google may buy HTC's smartphone business

    Google may buy HTC's smartphone business

    Google is reportedly considering to acquire the struggling Taiwanese smartphone maker HTC's phone business, media reported. According to a report in the Chinese publication Commercial Times, Google is considering two options to seal the deal with HTC that is reportedly......

    September 8, 2017
  • India mfg sector bounces back from July's contraction: PMI

    India mfg sector bounces back from July's contraction: PMI

    Manufacturing in India bounced back in August from previous month's GST-related contraction amid resumed growth in new orders, production and employment, a survey said today. The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rebounded to 51.2 in August from a......

    September 1, 2017
  • 'Dynamics of climate action remain 'irreversible' despite US decision'

    'Dynamics of climate action remain 'irreversible' despite US decision'

    Expressing 'deep disappointment', President of COP22 Salaheddine Mezouar on 3 May said the collective effort to combat climate change will not stop despite the US' withdrawal from the Paris Agreement. The Moroccan politician and President 22nd Conference of the Parties......

    June 4, 2017
  • Americans with less education see worsening financial well-being

    Americans with less education see worsening financial well-being

    The overall financial well-being of Americans continued to improve in 2016, while those with less education were worsening, according to a Federal Reserve survey. About 70 per cent of the respondents said they were either "living comfortably" or "doing okay"......

    May 20, 2017