7% growth rate in first quarter not enough: Arun Jaitley
Finance Minister Arun Jaitley has said that 7 per cent growth rate recorded in the first quarter of current fiscal is not just enough, though many thought it was a…
Government hikes import duty on edible oil by 5%
The Government has hiked import duty on edible oil by five per cent in all categories. Central Board of Excise and Customs issued a notification in this regard. Import duty…
US Federal Reserve decides not to raise its key interest rate
US Federal Reserve or central bank has decided not to raise its key interest rate and keep them at the same level since December 2008. It said nine members of…
Arun Jaitley on 4-day visit to Singapore & Hong Kong
AMN / Union Finance Minister Arun Jaitley has left for Singapore and Hong Kong on a four-day visit, during which he will meet top leaders and investors from both countries.…
Call drops issue will be resolved within a month: Ravi Shankar Prasad
AMN / NEW DELHI: Union Communications and IT Minister Ravi Shankar Prasad today said that call drops issue will be resolved within a month. Speaking at a function here today,…
RBI approves 10 entities to set up small finance banks
Seeking to promote financial inclusion, the RBI has granted approval to 10 entities, in principle, to set up small finance banks to provide basic banking services to small farmers and…
Govt removing obstructions to push up investment: Sitharaman
AMN Commerce and Industry Minister Nirmala Sitharaman has said the government is working to streamline procedures and policies to promote domestic and foreign investments in the country. Speaking at India…
RBI is well prepared to deal with US Fed impact: Jayant Sinha
The Finance Ministry today said that India has built multiple layers of defence to deal with a possible US Federal Reserve’s first hike in interest rates in nine years, and…
Centre to resolve outstanding tax disputes soon: Jaitley
TIA NEWS / Finance Minister Arun Jaitley today said that the government would resolve outstanding tax disputes over the next few days through judicial or executive resolutions. Addressing India Economic…
Weak monsoon likely to reduce Kharif foodgrain output by 2%
The country’s foodgrain production is projected to decline by 1.78 per cent to 124.05 million tonnes in this Kharif season due to poor monsoon. Foodgrain output was 126.31 million tonnes…