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States across the country impose VAT or sales tax on petrol and diesel which vary from one to another.

States can reduce fuel prices

The lowest tax on fuel is charged in Andaman and Nicobar where a 6 per cent sales tax is charged on both the fuel.

12 Sept 2018 12:25 AM IST

Ex-Reserve Bank governor Raghuram Rajan

Fraud list was given to PMO, says ex-RBI governor

Mr Rajan, who was RBI governor for three years till September 2016, is currently teaching at the Chicago Booth School of...

12 Sept 2018 12:23 AM IST

Indias fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18. (Photo: PTI/Representational)

Rupee hits fresh low of 72.73, drops 28 paise against US dollar

The rupee opened on a positive note by inching 20 paise higher at 72.25 against the US dollar.

11 Sept 2018 3:46 PM IST

Former RBI governor Raghuram Rajan says he wants to come back to India if the need be. (Photo: AFP)

Rajan blames 'over optimistic bankers' for mounting bad loans

A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong.

11 Sept 2018 10:20 AM IST

The official said that in the last five years rupee was stable against all the major currencies except dollar.

FinMin in touch with RBI for market intervention to contain rupee...

Current Account Deficit which is the difference between inflow and outflow of foreign exchange, rose to USD 18 bn.

11 Sept 2018 9:09 AM IST

Dollars gains against other currencies overseas put squeeze on rupee.

Rupee ends day at 72.45 per US dollar

The weakness in emerging market currencies on fears about an escalation in trade war too weighed in.

11 Sept 2018 12:29 AM IST

Financial market participants have welcomed global ratings agency Moodys decision to upgrade Indias rating to stable saying that the move would help Indian corporates as well as financial institutions to access capital in the overseas market at a lower cost.

Weak rupee is credit negative, says Moody's

Most India-based firms have protections in place, says VP.

11 Sept 2018 12:26 AM IST

ICICI Banks tier-I capital adequacy ratio stood at 15.92 per cent and the total capital adequacy at 18.42 per cent by end-March 2018.

Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank scam

Deepak Kochhar is the Founder and CEO of NuPower Group, as per its website.

10 Sept 2018 7:50 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Google ready to comply with RBI norms for payment services, says...

Google wants time until December to comply with it.

10 Sept 2018 7:44 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

RBI approves Amitabh Chaudhry's appointment as Axis Bank CEO

Chaudhry will be a successor to incumbent CEO Shikha Sharma.

10 Sept 2018 3:21 PM IST

In the past week, in all likelihood, the central banks of India and Indonesia pumped in billions of dollars to support their respective currencies with the Indian Rupee touching record lows against the US dollar and the Rupiah reaching its lowest level since the Asian financial crisis of 1998.

Indonesia's Rupiah woes: How will India be affected

Lately, there has been a lot of concern with regards to the growing economic problems in emerging markets.

10 Sept 2018 1:17 PM IST

The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.

Rupee weakens further, hits fresh low to 72.64 against USD

The domestic unit witnessed intense volatility and traded between 72.07 and hit all-time low of 72.64.

10 Sept 2018 11:55 AM IST