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Union minister Arun Jaitley.

Number of direct taxpayers may double to 7.6 crore during 5 yrs:...

The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

12 Oct 2018 12:34 PM IST

Finance commission chairman said the commission would have to give further thought to use of population criteria for central devolution.

Finance panel not to penalise states over funds' devolution

The commission members also interacted with leaders of various political parties to elicit their views on devolution of...

12 Oct 2018 9:11 AM IST

The finance ministry along with the Prime Ministers Office (PMO) and the commerce ministry is learnt to have finalised a list of products, which would attract higher import duty under an action-plan by the government, to stem the fall of rupee. (Photo: Pixabay)

Govt hikes import duty on select 17 items to curb CAD

Falling rupee, market bloodbath force govt to take more measures.

12 Oct 2018 8:56 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3

The open offer, at Rs 61.73 per equity share, will close on December 14.

11 Oct 2018 7:15 PM IST

The fluctuating dollar cost only makes life harder as the rupee rate is falling. Every dollar is our 69 plus, making each dollar a crude sum.

Rupee recovers after slumping to record low, up 9 paise against US...

Softening crude oil prices and the greenback weakening against other currencies provided support to the home unit.

11 Oct 2018 7:01 PM IST

Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 per cent for various tenors.

Bank of India raises MCLR rates by 0.05 pc on two tenures

Punjab National Bank also increased its benchmark lending rates or MCLR last week.

11 Oct 2018 5:16 PM IST

The IMF downgraded its outlook for advanced economies this year by 0.2 percentage points to 1.6 percent but raised it slightly for emerging and developing economies to 4.2 percent.

India's debt lower than best, emerging market economies: IMF

India private debt in 2017 was 54.5 per cent of the GDP and general govt debt was 70.4 per cent of the GDP.

10 Oct 2018 1:34 PM IST

Consumer inflation for the month of October surged to 3.58 per cent as against 3.28 per cent in September. (Photo: PTI)

Inflation likely rose to RBI's four per cent target in September:...

Wholesale price inflation probably rose to 4.90 per cent in September from 4.53 per cent in August.

10 Oct 2018 12:24 PM IST

The excise cuts will reduce the government revenue by 105 billion (about $1.4 billion) or 0.05 per cent of GDP for the remainder of fiscal 2018, which ends in March 2019, said Moodys.

Excise cut to cost India its fiscal deficit target

Moody's says the move will have limited impact on growth.

10 Oct 2018 12:37 AM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity...

The country's largest lender said that it has stepped up target purchase of good quality portfolio of assets from NBFCs.

9 Oct 2018 7:07 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS loan account remains standard, says Bank of Baroda

The state-run lender said it continues to lend to non-banking financial companies and housing finance companies.

9 Oct 2018 6:59 PM IST

The rupee on Thursday spurted 12 paise to 64.80 against the US currency. (Photo: AP)

Rupee slumps 33 paise to close at record low of 74.39 against US...

The domestic currency failed to sustain the momentum after Brent crude breached the USD 84 per barrel-mark.

9 Oct 2018 5:42 PM IST