Business
Delhi May be Among First Few States to Ratify GST Bill
The GST bill, seen as single biggest tax reform in a long time, needs to be ratified by at least 15 state legislatures before the President can notify the GST council which will decide the new tax rate and other issues.
RBI Eases Norms in Cheque Dishonour Cases of Rs 1 Cr And Above
As per the existing directive, banks are not allowed to issue fresh chequebooks in the event of cheque dishonour valuing Rs 1 crore and above on four occasions during a financial year for want of sufficient funds.
Rupee Ends 3 Paise Higher at 67.17 vs US Dollar
The RBI fixed the reference rate for the dollar at 67.2035 and euro at 74.1523.
India Needs Years of Strong Growth to Match China: Raghuram Rajan
Rajan was speaking here at an interactive session at National Institute of Rural Development and Panchayati Raj.
Rajan's Formidable Reputation Helped Stabilise Rupee: Subbarao
He has also blamed the then Finance Minister P Chidambaram's reluctance to accept that the rupee was bleeding more because of domestic issues and less due to external factors like the taper tantrums - a reference to the US Fed's gradual withdrawal of stim...
Arvind Panagariya Frontrunner to Replace Rajan as RBI Governor
Panagariya’s name as frontrunner for the RBI post came after he said that the UPA I had expanded social schemes but not taken necessary measures to sustain the high growth.
Rupee Recoups 6 Paise to End at 67.39 vs USD
The rupee opened almost flat at 67.46 as against Tuesday's closing level of 67.45 per dollar at the Interbank Foreign Exchange (Forex) market.
Rajan In 'Basel Huddle' Of Central Banks As Brexit Roils markets
Rajan and heads of central banks got into huddle and later he was expected to reiterate this point amid fears that Europe may slip into recession and many more countries may call for similar referendums posing a huge risk to recovery in world economy.
India Well Prepared For 'Brexit': Finance Ministry
Economic Affairs Secretary Shaktikanta Das said India is prepared for Brexit, even though Britain is India most important trading partner and its exit from European Union will affect India's economics but India is prepared to face it.
Raghuram Rajan Says no to 2nd Term as RBI Governor
Rajan said he will always be available to serve the country and is confident that his successor will take RBI to new heights.
World Won't End if Rajan is Not Reappointed as RBI Chief: Investors
Rajan declined to comment on speculation over his future, telling reporters on Tuesday, "You will know when there is news." He left rates unchanged, as was widely expected, after the latest policy review.
DoT, Trai Push For Satellite Use For Telecom Services
The Telecom Regulatory Authority of India (Trai) has recommended opening up of Indian satellite market for private players but could not find favour with Department of Space.
Sensex Retakes 27,000 After 7 Months on RBI Accommodative Policy
About 1480 shares have advanced, 1128 shares declined, and 160 shares are unchanged.
Rupee Recoups 16 Paise at 67.29 Against US Dollar; Snaps 3-Day Fall
A sharp rebound in local equity markets along with robust capital inflows also supported the domestic unit amid weakness of the greenback in overseas markets.
Startups May Lose Sheen in Job Market: Experts
"Startups would definitely lose sheen because of this 'fiasco'," staffing services firm TeamLease Services Assistant Vice President Sudeep Sen said.
Sensex Trips 98 Points on Tighter P-Note Norms, Weak Rupee
On a weekly basis, both the indices - Sensex and Nifty - fell 187.67 points or 0.73 per cent and 65.20 points or 0.83 per cent, respectively.
