Business
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government — CBDT and CBEC — during a first-of-its-kind ‘Rajasva Gyan Sangam’ to be held here on June 16. Officials said both the Boards have been asked to direct their officials to prepare suggestions […]
The rupee appreciated by 3 paise to 66.74 against the dollar in early trade today on increased selling of the US currency by exporters and banks amid higher foreign inflows. Forex dealers said a weakening dollar against some currencies overseas and a higher opening in domestic equities kept the rupee rising. Yesterday, the rupee had […]
The US has recognised India as a “major defence partner”, a significant development which paves the way for the country to be treated on par with America’s closest allies for defence related trade and technology transfer. “Noting that the US-India defence relationship can be an anchor of stability and given the increasingly strengthened cooperation in […]
Rupee strengthened by 37 paise to 66.88 against the US dollar in early trade at the Interbank Foreign Exchange market on increased selling of the American currency by exporters amid foreign fund inflows. Weakness in dollar against other currencies overseas after last week’s disappointing US jobs data reduced the chances of an interest rate hike […]
The Reserve Bank of India today fixed the reference rate of the rupee at 67.2415 against the US dollar and 74.9944 for the euro. Yesterday, these rates were 67.2533 and 75.3035, respectively. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 96.9017 and 61.83 […]
Today Petrol price was increased by Rs 2.58 per litre while diesel rate was increased by Rs 2.26 per litre. New fuel prices will be effective from tonight. A litre of petrol will cost Rs. 65.60 in Delhi (including state levies) whereas diesel will retail at Rs. 53.93/litre, said Indian Oil Corporation, the country’s largest […]
Wooing Japanese investors, Finance Minister Arun Jaitley today promised more structural and market-oriented reforms as well as stepping up infrastructure spending to accelerate economic growth beyond the current 7.6 per cent. He also promised to reform the tax structure to make it simpler, predictable and stable. Speaking at ‘The Future of Asia’ Conference organised by […]
Today Petrol price was increased by Rs 0.83 per litre and diesel by Rs 1.26 per litre. New rates will be effective from midnight. In Delhi, Petrol will cost Rs 63.02 per litre from midnight as against Rs 62.19 per litre currently. Similarly, diesel will cost Rs 52.21 per litre as against Rs 50.95 per […]
Investors must pay taxes on money they earn in India and a “tax-incentivised route” is no longer needed to attract foreign investments to a “strong enough” Indian economy, Finance Minister Arun Jaitley said today. He said there was no “serious apprehension” of investors shifting base to other tax havens and he sees no depletion in […]
Indicating his interest in a second term as RBI Governor, Raghuram Rajan today said he has enjoyed every moment of the job but there is “more to do”, despite calls from some sections of the ruling BJP against any extension for him. “There is a lot of fulfillment from making things actually happen for improving […]
