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Business

FinMin seeks transfer of Rs 27,380 cr from RBI retained towards risks,...

The RBI had retained Rs 13,190 crore towards risks and reserves during 2016-17.

10 Feb 2019 10:56 AM IST

It was shipped to the country and was in operation for 55 years for the erstwhile East Indian Railway.

Business

Income tax rebate to benefit 8 lakh plus Indian Railways employees

The section 87A, allows exemption of Rs 2500 for persons having an income below Rs 350,000.

10 Feb 2019 10:53 AM IST

Puri said the country has over 250 million senior citizens, and there is a need to look at their issues as they enter a new phase after leading a productive life. (Photo: FIle)

Business

'No of houses sanctioned under PMAY will reach 75 lakh before polls'

No. of houses sanctioned under the PMAY would reach 7.5 million before the code of conduct for Lok Sabha polls comes...

10 Feb 2019 9:48 AM IST

RBIs Central Board will meet on Feb 18 to consider the audited results for Jul-Dec.

Business

RBI rate cut to boost growth, make loan affordable: India inc

RBI cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target...

9 Feb 2019 10:56 AM IST

Business

GoM approves 5 per cent GST on flats under construction

The Group of Ministers (GoM) that met on Friday also favoured slashing the GST on affordable housing units to 3 per cent...

9 Feb 2019 1:07 AM IST

E-commerce has been the major contributor of such large deals in the past few years.

Business

E-commerce rule changes put off PE/VC investors

In January 2019, investments were down by 49 per cent.

9 Feb 2019 12:47 AM IST

The commerce ministrys Indian Institute of Foreign Trade (IIFT) Wednesday said it has completed summer placements for its 2018-20 batch with an average stipend of Rs 1.48 lakh. (Photo: Pixabay)

Business

India hopes to sign FTA with EU in 'foreseeable future'

We will find the necessary balance between ambition and sensitivity in the foreseeable future to have trade agreements...

8 Feb 2019 6:23 PM IST

These loans can make your life much easier without having to run around banks as they are disbursed online with few documentation.

Business

PSB NPAs decline to Rs 8,64,433 cr in Apr-Dec FY'19: Govt

NPAs declined as a result of the government's 4Rs strategy of recognition, resolution, recapitalisation and reforms:...

8 Feb 2019 6:06 PM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI Assocham

Business

India inflation seen speeding up in Jan but still below target: report

The RBI caught financial markets off-guard by reducing its key policy rate by 25 bps to boost growth and as inflation...

8 Feb 2019 5:44 PM IST

$\The United States is committed to our strong partnership with the Indian government to combat terrorism,\ Kirby added. (Representational Image)$ Business

US considers withdrawal of zero tariffs for India: sources

Bilateral trade stood at USD 126 billion in 2017, is widely seen to be performing at nearly a quarter of its potential.

8 Feb 2019 4:43 PM IST

Commissionerate of TDS, Peeyush Sonkar (IRS) however, warned against those who do not pay taxes as per the deadlines.

Business

GoM favours cutting GST to 5pc on residential properties

The Group of Ministers was set up last month to analyse tax rates and issues being faced by the real estate.

8 Feb 2019 4:33 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Business

India's banks unlikely to match RBI's rate cut any time soon

A move of that size would have a negligible impact in boosting credit, or in reducing refinancing costs.

8 Feb 2019 3:43 PM IST