FMC to be merged with SEBI from Sep 28
Government today notified the merger of commodities market regulator Forward Markets Commission (FMC) with SEBI with effect from 28th of this month. An official press release said, Finance Minister Arun…
US and India make great progress in trade: US Ambassador to India
AMN / US Ambassador to India Richard R Verma has said that the both the US and India have made great progress in two-way trade and investment and stressed to…
Deflation new challenge for economy: Chief Economic Advisor
AMN Chief Economic Advisor Arvind Subramanian, has said the price deflation is the real challenge looming ahead. He however said the overall economic growth was in the right direction and…
Govt nod to import of 5000 tonnes of Tur Dal and Urad Dal
AMN / The Cabinet today gave its nod to import of 5000 tonnes of Tur Dal and 5000 tonnes of Urad Dal by MMTC for retail distribution to consumers by…
Govt accepts Shah panel report exempting FIIs from MAT before April 2015
AMN / The government today accepted the Justice AP Shah committee report on the Minimum Alternative Tax, MAT on foreign institutional investors,FIIs. Addressing a press conference in New Delhi Finance…
GDP growth estimated to slow down in Q1 of current fiscal
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter of current financial year. GDP at…
Petrol prices cut by Rs 2 per litre, diesel 50 paise
Petrol prices have been cut by Rs 2 per litre and diesel by 50 paise including VAT. The new rates will come into effect from midnight tonight. Now, petrol will…
Lapse of Land Ordinance not a setback for govt: Arun Jaitley
TIA NEWS / Finance Minister Arun Jaitley today said the decision to let the land acquisition ordinance to lapse is not a setback for the government. In an interview to…
RBI asks financial entities to be ready to comply with FATCA
RBI has asked all banks and financial institutions to be prepared for the implementation of Foreign Account Tax Compliance Act – FATCA. In a notification yesterday, RBI said that India…
MMTC to import onion from Pakistan
AMN / State-owned MMTC has invited bids for import of 10,000 tonnes of onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check prices.This is…