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Finance secretary T. V. Somanathan on Tuesday made the announcement during a meeting. (Photo: Twitter/@FinMinIndia)

Insurance bond could substitute bank guarantee

Bank guarantees are usually asked for while extending a loan and typically require a collateral

26 Aug 2021 11:36 AM IST

Indians have flocked to tourist spots across the country from the beaches of Goa on the west coast to the mountainous north on planes and in cars after the easing of restrictions. (Bloomberg)

Demand for airline fuel surges in India with tourism rebound

India is proving to be a bright spot for jet fuel demand after the delta variant interrupted a recovery in air travel...

26 Aug 2021 11:27 AM IST

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman addresses during the launch of National Monetisation Pipeline (NMP), in New Delhi, Monday, Aug. 23, 2021. (PTI/Manvender Vashist)

Monetisation plan unveiled

The finance minister further said the Centre will also incentivise states to monetise their public assets

24 Aug 2021 8:41 AM IST

Union Finance Minister Nirmala Sitharaman speaks during the post-budget press conference, at National Media Centre in New Delhi, Monday, February. 1, 2021. (PTI/Arun Sharma)

Finance Minister to unveil monetisation pipeline today

The plan aims to monetise brownfield infrastructure assets worth Rs 6 lakh crore across sectors

23 Aug 2021 3:00 AM IST

HDFC Banks valuation zoomed Rs 61,612.11 crore to reach Rs 5,21,660.14 crore. (PTI Photo)

Banks queue up to raise billions

HDFC on Thursday raised $1 billion by issuance of AT-1 bonds, priced at 3.70%, which is 42.5 basis points lower than...

21 Aug 2021 9:16 AM IST

The second India-US Homeland Security Dialogue was held in Washington DC in 2013, between Napolitano and the then Home Minister Sushil Kumar. (Representational image: AFP file photo)

India, US discuss ways to increase trade

Goyal while speaking at an industry event in Mumbai on Thursday had said hopes of an India-US trade pact are off the...

20 Aug 2021 3:40 PM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (DC file Photo)

RBI board reviews economic situation amid challenges

Debasish Panda, Secretary at the Dept of Financial Services, and Ajay Seth, Secy at the Department of Eco Affairs, also...

13 Aug 2021 5:47 PM IST

Indian rupee fell 11 paise to 76.50 against the US dollar in opening trade on Monday. (PTI PHOTO)

Retail inflation falls to 5.59 pc in July, June IIP at 13.6 pc

Factory output measured by the Index of Industrial Production (IIP) had contracted 16.6 per cent in the same month of...

12 Aug 2021 6:22 PM IST

Japans exports, imports sank in May amid pandemic fallout. (AFP Photo)

Government eyes $1 trillion goods exports by FY28

India-'s merchandise exports have remained almost stagnant between $290 billion and $330 billion for the last 10 years

12 Aug 2021 1:37 PM IST

According to capital market data aggregator Prime Databasethe , mutual fund industrys cash level increased in October by Rs 59,899 crore, indicating caution as the benchmark indices touched record highs.

New players aim to disrupt Mutual Fund turf

Brokerage Samco Securi-ties is also setting up a mutual fund in India

9 Aug 2021 2:04 PM IST

After unearthing a rampant fake invoicing scam to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) amended rules making it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash from January 1. (ANI File)

Blockage of e-way bills to resume from August 15

Under the GST regime, e-way bills have been made mandatory for inter-state transportation of goods valued over Rs 50,000...

6 Aug 2021 11:54 AM IST

This is the 30th consecutive month that the manufacturing PMI has remained above the 50-point mark.

Manufacturing Purchasing Managersâ€™ Index jumps to 55.3 in July

According to monthly IHS Markit India Manufacturing Purchasing Managersâ€™ Index survey, the index moved above the...

3 Aug 2021 8:12 AM IST