Govt cuts natural gas prices by 16% to $ 4.24 per unit
The government today cut natural gas prices for power and fertiliser sector by 16 per cent to USD 4.24 per unit for the six month period, beginning October 1st. Natural…
India surpasses US, China to reach at top FDI destination
Despite criticism from different quarters, India has emerged as the top destination for Foreign direct investment (FDI) as compared with China and United states in the first half of 2015.…
Govt will reassess GDP forecast for this fiscal: FM
Finance Minister Arun Jaitley today said the Government will reassess its GDP forecast following RBI’s assessment of growth forecast to 7.4 percent for the present fiscal. Chief Economic Adviser Arvind…
Banks reduce lending rates; Home and Car loans to be cheaper
AMN Hours after the Reserve Bank announce rate cut, country’s largest public sector bank SBI slashed its lending rate by 0.40 per cent to 9.3 percent. The bank in a…
Revenue Secretary holds meeting to seek industry views on tax policies
Revenue Secretary Hasmukh Aadhia, has started holding detailed meetings from today onwards with industry and business representatives of major national chambers in order to generate new ideas for tax policy…
Sensex responds positively to RBI Rate Cut
Following the Reserve Bank’s rate cut, the Sensex at the Bombay Stock Exchange recovered smartly from initial big losses, and had gained a good 304 points, to 25,921 in afternoon…
RBI cut in policy rate by 0.5%; Keeps CRR unchanged at 4%
Reserve Bank of India, RBI, has announced cut in policy rate by 0.5 per cent to 4-year low of 6.75 per cent. However, it kept Cash Reserve Ratio,CRR unchanged at…
Govt ready to dilute stake in PSU banks to 52%: Jaitley
TIA NEWS / Finance Minister Arun Jaitley today said that government was working on a slew of sectoral reforms, including a new law on fast track arbitration, in a bid…
SEBI orders attachment of 134 properties of Saradha Realty India Ltd
Capital markets regulator SEBI has ordered attachment of 134 properties of Saradha Realty India Ltd, a West Bengal-based firm and its chief Sudipta Sen to recover 774.3 crore rupees collected…
FMC merges with SEBI; Jaitley rang customary bell for amalgamation
AMN / Union Finance Minister Arun Jaitley today formalised the first ever merger of two regulators, over 60-year-old commodities regulatory body Forward Markets Commission (FMC) and the younger but much…