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With the signing of these agreements, the total number of APAs entered into by the CBDT has gone up to 219. (Photo: ANI)

CBDT signs 14 unilateral APAs, 2 bilateral APAs

A total of 67 APAs (9 Bilateral and 58 Unilateral) have been signed in the FY 2017-18.

3 April 2018 3:30 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India can do a Silicon Valley in 5 years: World Bank

In developing countries, the concept of national innovation system must be expanded.

3 April 2018 3:25 PM IST

Bank stocks on Tuesday gained up to 5 per cent.

Bank stocks climb up to 5 per cent on RBI move

The move is expected to optically cushion profitability in the near term.

3 April 2018 1:50 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 drops Axis Bank from list of bullion importers

It was unclear why Axis, one of India's leading importers of bullion, did not feature in the list.

3 April 2018 12:56 PM IST

Responses were drawn from over 300 manufacturing units from both large and SME segments with a combined yearly turnover of over Rs 3 lakh crore. (Representational image)

India's manufacturing sector growth falls to 5 month low in March: PMI

IHS Markit marginally downgraded its real GDP forecast to 7.3 per cent for fiscal year 2017-2018.

3 April 2018 12:45 PM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Govt pushes state banks to find own funding sources

Including restructured or rolled over loans, all banks in India had a total 9.5 trillion rupees of soured loans.

3 April 2018 12:43 PM IST

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin mules and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators watchful eyes.

Cryptocurrency arbitrage boom fizzles in Asia, but profits persist

The boom has eaten away the spreads and shown how fast the galloping cryptocurrency markets can change course.

3 April 2018 12:22 PM IST

Coal production increased by 1.4 per cent in February, 2018 over February, 2017. (Photo: ANI)

Core sectors register 5.3 per cent IIP growth in February 2018

Steel production increased by five per cent in February, 2018 over February last year.

3 April 2018 8:54 AM IST

Subhash Chandra Garg has replaced Shaktikanta Das as economic affairs secretary. (Photo: PTI)

Fiscal deficit to be lower than revised estimates for 2017-18: Garg

India revised its fiscal deficit target to 3.5 pc of GDP from an earlier 3.2 pc of GDP for 2017-18 fiscal year.

3 April 2018 8:42 AM IST

The government on Monday said the re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

E-way bill rollout successful; no glitch so far: Govt

The re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

2 April 2018 6:41 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

2 April 2018 6:13 PM IST

India has imposed a 10 percent tax on imports of key smartphone components.

Govt imposes 10 per cent tax on key smartphone components

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

2 April 2018 6:00 PM IST