Community & General News
Your loans to get costlier; RBI set to hike rates
24 October 2011 at 10:29The Reserve Bank of India is expected to raise interest rates in its mid-year monetary policy review on Tuesday — the 13th time in 19 months —to cool inflation that has remained stubbornly high during the past few months. For consume
SC wants separate account for F1 entertainment tax
22 October 2011 at 17:30Jaypee Sports International Ltd, organizer of Indias first Formula One (F1) Grand Prix, was directed by the Supreme Court on Friday to deposit 25% of ticket sale receipts in a separate account. The court passed the interim order in
Sebi vigilance chief issues probity call
22 October 2011 at 17:30The chief vigilance officer of Indias stock market regulator has sent an internal mail to all employees saying his office has been getting complaints alleging that some officers are in constant touch with others to settle cert
Need for Better Co-Ordination Between Monetary and Fiscal Policies for Improving Overall Economic Stability and Growth : FM
22 October 2011 at 10:28The Finance Minister Shri Pranab Mukherjee has said that the present global economic developments and more particularly the sovereign debt crisis of Europe has once again brought into focus the need for better co-ordination between monetary and fi
Finance ministry suggests reconciling accounting standards
21 October 2011 at 18:00In a move that can help solve corporate litigation with the tax departments and mark a step forward in Indias commitment to implement International Financial Reporting Standards (IFRS), the finance ministry has suggested reconciliation of G
RBI may hold fire after 25 bps hike
19 October 2011 at 13:11The task before the Reserve Bank of India (RBI) as it prepares to unveil the second quarter review of monetary policy is tricky. Headline wholesale price inflation (WPI) continues to be sticky, close to double-digit levels in provisional terms. Al
RBI against letting MFIs collect small deposits
19 October 2011 at 13:11Indias central bank has objected to a government proposal to allow microlenders to collect small deposits from poor borrowers. The Reserve Bank of India (RBI) has said it is concerned about the safety of the money deposited with microlend
FM to Inaugurate Economic Editors' Conference Tomorrow
18 October 2011 at 14:58Press Information Bureau is organizing its two-day Annual Economic Editors’ Conference in the National Media Centre, Shastri Bhawan, New Delhi which will be inaugurated by the Finance Minister Shri Pranab Mukherjee tomorrow. There will be
India's economy 'is slowing sharply': Moody's
18 October 2011 at 12:07India’s growth has weakened under the brunt of 12 interest rate increases since March 2010 that have pushed up borrowing costs for everything from consumer appliances to plant equipment India’s slowing economic growth is a “ca
Government, exchanges seek ways to ease STT
18 October 2011 at 12:07The government on Monday discussed with stock exchanges various options to rationalise the securities transactions tax (STT). The finance ministry recently proposed to do away with or dilute STT, a levy that fetches the government around Rs 7,500
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