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-
Dutch citizens to get five-year business, tourist visa: PM Modi
The PM said his government's thrust has been on "jan bhagidari" (people's involvement) in governance as he believed that the country's progress cannot be ensured only through the government's work. -
Former Governor Bimal Jalan says inflation targeting cannot work in India
Former Reserve Bank of India (RBI) Governor Bimal Jalan today said that inflation targeting cannot work in India. He added that it is because prices depend on a range of factors like monsoon and oil prices over which neither the central bank nor the government has any control.
The post Former Governor Bimal Jalan says inflation targeting cannot work in India appeared first on The Financial Express. -
Govt stitches rescue plan for Tata, Adani power plants
The biggest rescue package being stitched together for distressed power plants could see lenders take over three imported coal-fired generation stations of the Tata, Adani and Essar groups, involving an estimated investment of over Rs 40,000 crore, and transfer 100% equity for Re 1 to consumers states, including Gujarat where these plants are located. -
GST roll out: West Bengal urges Centre to postpone new tax system
Reiterating that small and medium- sized traders in the country were not prepared for the Goods and Services Tax, the West Bengal government has decided to write to the Centre again requesting for postponement of the roll-out of the new tax system on July 1.
The post GST roll out: West Bengal urges Centre to postpone new tax system appeared first on The Financial Express. -
Can#39;t give up crucial ties because of trade deficit: Timothy Roemer
In an interview to CNBC-TV18#39;s Shereen Bhan, Timothy Roemer, Ex-US Ambassador to India spoke about Prime Minister Narendra Modi#39;s meeting with US President Donald Trump and gave his views on Indo-US relationship. -
Business not possible without GST in J&K: Jammu Chamber of Commerce and Industries
Business will not be possible without GST and politicians will be responsible for the shortage of essential supplies as well as the hike in prices of everyday commodities due to double taxation, Jammu Chamber of Commerce and Industries (JCCI) said today.The post Business not possible without GST in J&K:Jammu Chamber of Commerce and Industries appeared first on The Financial Express. -
NITI Aayog proposes break up of Coal India into seven companies
Fresh coal production should come from private sector mines, the government think-tank NITI Aayog said, adding that the move called for reforms in allocating coal blocks to independent companies specialised in coal mining.
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PM Modi discusses Centre's reform initiatives with Dutch CEOs
Calling on the CEOs present to pitch their investments in India, Prime Minister Modi said that India a land of opportunities, adding that the Indian Government`s reforms seek to enhance ease of doing business and bring standards at par with global standards. -
Maha CM Fadnavis: Farm loan waiver a burden; govt to raise funds with novel schemes
The crop loan waiver scheme is estimated to benefit 89 lakh farmers out of the 1.31 crore farmers registered in the state. -
IMF cuts U.S. growth forecasts, cites Trump fiscal plan uncertainty
The assumed stimulus from expected tax cuts and new federal spending spurred the IMF earlier this year to bump up its U.S. growth forecasts to 2.3 percent in 2017 and 2.5 percent in 2018.
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DDA's new scheme launch most likely on Jun 30, brochure ready
Out of the total number of flats, most of them in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, 10,000 unoccupied flats were from a 2014 housing scheme, while 2,000 flats had been lying vacant. -
Surat: Textile traders perform special puja demanding removal of 5% GST
Surat: Textile traders perform special puja demanding removal of 5% GST -
Software testing complete, ready for smooth GST rollout: GSTN
GST Network, the company providing technology backbone for the new indirect tax regime, today said it has completed all software trials and testings necessary to successfully rollout GST from July 1.
The post Software testing complete, ready for smooth GST rollout: GSTN appeared first on The Financial Express. -
FM Arun Jaitley holds top level meet, discusses risks related to bitcoins, other virtual currencies
Finance Minister Arun Jaitley today held an inter-ministerial meeting to examine risks related to virtual currencies (VCs) like bitcoins.The post FM Arun Jaitley holds top level meet, discusses risks related to bitcoins, other virtual currencies appeared first on The Financial Express. -
Modi-Trump meet restores confidence in bilateral ties:Industry
Industry body Assocham welcomed the joint statement following the meeting, stating that the mutual commitment to increasing market access in information technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.
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Will continue focus on India's premium smartphone market: OnePlus
Citing an industry report, he said OnePlus has expanded its market share in the premium category to 12 per cent in the January-March 2017 quarter from six per cent in the preceding quarter.
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Bank stocks witness selling pressure, down up to 5%
Shares of Syndicate Bank plunged 4.97 percent, Punjab National Bank 4.69 per cent, Andhra Bank 4.03 percent, Allahabad Bank 3.88 percent, Bank of Baroda (3.64 percent), SBI (3.27 percent), Union Bank of India (2.83 percent), Bank of Maharashtra (2.63 percent) and AXIS Bank (2.34 percent) on BSE.
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GST effect:Coke to hike fizzy drink prices, cut that of Kinley
As GST is expected to propel the India's growth story forward and benefit society at large, Krishnakumar said the company is "committed to provide our consumers with the right value for money with various refreshing options". -
Adda52 announces release of Adda52 Rummy for Android
With innovative features like automatic sorting, drag-and- drop gameplay and a wide range of tournaments, Adda52 Rummy on Android is certain to enhance the experience of avid Rummy players on their mobiles.
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GST rollout in Parliament Central Hall: Finance Ministry sets up ‘mini-war room’ to get ready for launch; dry run tomorrow
Finance Minister Arun Jaitley had a few days ago said that the hour-long event will reflect on the contributions made by the various political parties and different states towards the GST.
The post GST rollout in Parliament Central Hall: Finance Ministry sets up ‘mini-war room’ to get ready for launch; dry run tomorrow appeared first on The Financial Express. -
Scamsters' trading tips via SMSes: Sebi seeks RBI, TRAI help
Typically, Sebi depends on the call data records from the telecom companies and the financial transaction statements from the banks in its probe against such cases of frauds, where investors are lured into depositing money into designated bank accounts with promise of huge returns. -
Raymond to invest Rs 1,400 crore in Amravati unit, open 300 stores
The company has made an initial investment of Rs 200 crore for the first phase of the new unit that will produce cotton shirts, linen and denim, among others. -
IMF cuts U.S. growth forecasts, citing lack of Donald Trump fiscal details
The International Monetary Fund said on Tuesday it had cut its growth forecasts for the U.S. economy to 2.1 percent in 2017 and 2018, dropping its assumption that the Trump administration's tax cut and fiscal spending plans would boost growth.
The post IMF cuts U.S. growth forecasts, citing lack of Donald Trump fiscal details appeared first on The Financial Express. -
War room set up to deal with GST crises
Equipped with multiple phone lines and computer systems and manned by tech-savvy youngsters, a "mini war room" has been set up in the finance ministry to deal with crises related to the implementation of GST.The post War room set up to deal with GST crises appeared first on The Financial Express. -
Noida firm develops digital platform for Govt#39;s #39;Startup India#39; Hub
Launched by government, the Startup India Hub is a one-stop destination to connect all the stakeholders of the startup ecosystem in India, including startups, investors, mentors and accelerators. -
Volvo, Volkswagen ready to supply flex-fuel vehicles: Gadkari
Gadkari said the project will be on a pilot basis initially, and could be replicated as there was immense potential for running vehicles on alternative fuel like methanol, ethanol and Bio CNG.
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ICEMA cuts construction equipment growth rate to 5% due to GST
Construction equipment industry body ICEMA today cut growth forecast for the sector to 5 per cent from 20 per cent for the ongoing fiscal saying higher GST rate and cheaper imports under the new tax regime will affect sales.
The post ICEMA cuts construction equipment growth rate to 5% due to GST appeared first on The Financial Express. -
Indian airline's aircraft order to create American jobs: Trump
SpiceJet Chairman and Managing Director Ajay Singh said the planes under the USD 22 billion order would be manufactured in the US.
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Sensex cracks 180 pts; Nifty50 slips below 9,550
Sensex cracks 180 pts; Nifty50 slips below 9,550 -
India’s tea exports may go up, prices to improve: ICRA
With the likelihood of a lower tea production in the global markets, the prospects of India's tea exports appear favourable, along with the positive impact on domestic prices this year, ICRA saidThe post India’s tea exports may go up, prices to improve: ICRA appeared first on The Financial Express. -
Govt to rehearse GST launch in Parliament tomorrow
The rehearsal, scheduled to be held at 10 PM, may be supervised by either Parliamentary Affairs Minister Ananth Kumar, his deputies Mukhtar Abbas Naqvi and S S Ahluwalia, or Secretary Rajiv Yadav, official sources said today. -
LPG sales jump by record 9.8 per cent on Ujjwala push
LPG sales have jumped by 9.8 per cent in the fiscal year ended March 31 after the government gave a record number of cooking gas connections, most of them to poor households.The post LPG sales jump by record 9.8 per cent on Ujjwala push appeared first on The Financial Express. -
Queen Elizabeth II set for 8% pay rise
According to the latest accounts released this week, the Queen and the Royal Family's official travel cost the UK taxpayer 4.5 million pounds during 2016/17, up 500,000 pounds from the previous year.
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HDFC ERGO ties up with Utkarsh Small Finance Bank
The association with Utkarsh Small Finance Bank will offer general insurance products from HDFC ERGO to the Bank’s general banking and micro banking clients across India. -
'War room' set up to deal with GST crises
A team of tech-savvy young officers will be manning the "war room" to assist officials in resolving their GST-related queries, sources said.
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GST rollout: Jammu region, Kashmir Valley sharply divided over Goods and Services Tax
In Jammu and Kashmir -- the only state in the country that is yet to approve implementation of the Goods and Services Tax (GST) regime -- opinion is sharply divided between the Kashmir Valley and the Jammu region over the issue
The post GST rollout: Jammu region, Kashmir Valley sharply divided over Goods and Services Tax appeared first on The Financial Express. -
Sensex drops most in a month on GST jitters; bank scrips melt
A correction-bound BSE Sensex logged its biggest fall in a month, slipping below the 31,000 mark and plunging by 180 points to end at 30,958.25, as banking and PSU stocks led the decline amid lacklustre global cues and jitters ahead of GST rollout. -
RBI advises banks to allocate higher provisioning for 12 stressed accounts
An Internal Advisory Committee (IAC) was constituted by the RBI, which in its first meeting selected 12 large corporate loan accounts to be referred to the NCLT for immediate resolution. -
GST rollout: There may be initial problems, says FM Jaitley
Finance Minister Arun Jaitley today said people may have to face some difficulty initially as the GST is rolled out.
The post GST rollout: There may be initial problems, says FM Jaitley appeared first on The Financial Express. -
In Amazon's shadow, hedge funds take aim at Brexit-hit retailers
Short-sellers, who borrow shares in a company before selling them into the market, hoping to buy them back at a lower price in the future and pocket the difference, are doubling down. -
Ahead of GST rollout, corporate lawyers in demand
Lawyers have a double advantage this season. While on one hand, the top tax firms are expanding their staff strength, companies are also adding people to their legal teams before the GST deadline rolls out on July 1. -
Changing the fiscal year gives Modi govt a ‘free hit’ before next election
After nearly 150 years India is ready for a change in its financial year to make it coincide with the calendar year. This has been hailed as a sensible move. -
Are millennials not ready for healthcare?
Due to the compulsions of working professionals’ lifestyles, it is becoming essential to get covered under a health insurance plan that covers new-age health problems increasingly found among young professionals -
India Inc's foreign borrowings at $1 billion in May
As per RBI data, of the total in May this year, external commercial borrowings (ECB) and RDBs contributed almost equally at USD 523.95 million and USD 525.76 million respectively.
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Cruise policy next month, India to attract 700 vessels, says Union Minister Nitin Gadkari
A cruise tourism policy is in the making and will be announced next month, Union Minister Nitin Gadkari said today, with an aim to tap India's vast potential on this front and attract more vessels.
The post Cruise policy next month, India to attract 700 vessels, says Union Minister Nitin Gadkari appeared first on The Financial Express. -
World's first ATM machine turns to gold on 50th birthday
The first ATM was opened on June 27, 1967 at a branch of Barclays bank in Enfield, north London, the first of six cash dispensers commissioned by the bank. -
Farm loan waiver not a good thing in terms of credit culture: YV Reddy
Former RBI Governor YV Reddy will launch his autobiography, Advice and Dissent- My Life in Public Service which speaks about his experiences, throws light on the current issues faced in the economy. CNBC-TV18#39;s Latha Venkatesh spoke to him ahead of this launch, here is a slice of that conversation. -
BSE and Legasis tie up to promote compliance and governance
This strategic partnership, includes implementing joint compliance programmes, corporate governance initiatives, compliance analytics, compliance benchmarking, among other related initiatives, with relevant stakeholders.
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Trump-Modi meet: A modest beginning, keeping #39;America First#39; high on agenda
Trump-Modifound a common ground in ‘terrorism’ and most of the so-called contentious issues that were relevant for Indian businesses were carefully or deliberately avoided. -
There may be initial problems during GST rollout: FM
He also said the GST Council will look at bringing real estate within the GST net by next year and revisit taxing of petroleum products under the new regime in 1-2 years.
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