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An apologetic Bangalore Electricity Supply Company (Bescom) explained later that the unscheduled and intermittent power cuts were the result of various problems at the states power plants.

Industrial, commercial power tariff may plunge

Industrial and commercial consumers pay higher tariff to cross subsidise what other consumers pay,an official said.

9 Dec 2017 1:04 AM IST

The Economic Surveys second part, that was tabled by the government in Parliament on Friday, indicated that the economic growth was unlikely to accelerate in the current fiscal and it will be difficult for GDP to touch the higher rate of 7.5 per cent in 2017-18 as projected earlier.

India's GDP growth to rise to 7.5 per cent in 2018: Morgan Stanley

RBI in its fifth bi-monthly review for current fiscal on Dec 6, kept repo rate unchanged at 6 per cent.

8 Dec 2017 11:58 AM IST

N K Singh newly appointed Chairman of 15th Finance Commission.

N K Singh, Patel discuss devolution of taxes to Centre, states

Commission would be greatly benefited by analytical and domain knowledge of RBI in these specialised areas.

8 Dec 2017 10:41 AM IST

The index ranks 60 major economies in terms of their attractiveness to Chinese firms, drawing on 57 indicators spread across opportunity and risk pillars.

India slips 6 spots in investment from China

Despite challenges, India's growth prospects are the brightest: Study.

8 Dec 2017 3:02 AM IST

Farmers of Gadag are worst affected as the district received merely 50 per cent of the normal rainfall in June. Sowing operations have been witnessed in only 40 per cent of the farm land as farmers are hesitant to resume agriculture activity due to failure of monsoon for two years.

Farm mechanisation to help meet grains demand

The trend will reduce the supply of labour for agriculture, pushing the wages and overall cultivation cost of a farm...

8 Dec 2017 2:45 AM IST

The provisions contained in the FRDI bill, as introduced in the Parliament, do not modify present protections to the depositors adversely at all. They provide additional protections to the depositors in a more transparent manner Finance Ministry statement

Centre tries to ease FRDI bill fears

Petition against bail-in' clause reaches 24,000 within 24 hours since it was started.

8 Dec 2017 2:38 AM IST

GST has brought in a lot of difficulties in different ways. (Photo: DC)

GST effect in gulf countries

Gulf countries are looking for Indian CAs to help with a value-added tax the government proposes to levy from next year.

8 Dec 2017 12:37 AM IST

Finance Ministry

FRDI Bill depositor friendly, provides more protection: Finance...

Provisions in the FRDI Bill do not modify current protections for depositors adversely at all.

7 Dec 2017 4:20 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.

IMF warns on brewing risks in China's financial system

China has largely relied on debt-fuelled investment and exports to drive its tremendous economic growth.

7 Dec 2017 12:01 PM IST

The CBEC has now notified the dates for filing the GST returns forms.

Advisory group on GST submits report, suggests changes

Panel received more than 700 representations on problems faced by industry over return filing.

7 Dec 2017 11:00 AM IST

Finance Minister Arun Jaitley said the recognition firms Governments determination to follow the track that they have embarked upon. (Photo: ANI | Twitter)

Govt committed to protecting rights of depositors: Jaitley

Bill provides for establishment of a resolution corporation with powers relating to transfer of assets to a healthy...

7 Dec 2017 10:48 AM IST

The Centre on Thursday announced discounts for transactions through digital means like online banking, credit and debit cards and e-wallets.

RBI rationalises charges on debit card transactions

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

7 Dec 2017 10:37 AM IST