Finance

News: External Affairs Minister Sushma Swaraj said Modi visited 26 countries from June 2014 to July 2015 and all visits had a substantial economic component. “These efforts have helped in creating a positive image of India and, as a result, FDI equity inflows increased from USD 24.3 billion in financial ...

News: “If we can manage to grow at seven per cent for next 35 years, we will not only be the second largest economy in the world at that time but we will be prosperous and people will be rich enough,” World Bank Executive Director for Bangladesh, Bhutan, India and ...

News: The proposals worth Rs 981.15 crore have been cleared by the Finance Ministry following recommendations for the same by the Foreign Investment Promotion Board (FIPB). Hathway Cable and Data Com Ltd has got approval for increasing foreign investment limit for FIIs and FPIs, among others under the portfolio investment ...

News: India’s automobile market has been sluggish for the past few years, with annual sales of less than 3 million car, by 2020 analysts expect India to become the world’s third-largest passenger vehicle market after China and the US. General Motors Co will invest $1 billion in the next few ...

News:  The government will take a view on the draft Indian Financial Code, which proposes to dilute powers of the RBI chief, after receiving comments from stakeholders. FSLRC has made its recommendations, which have been made public for comments. After the comments are received, it is only then that the government will take a view. ...

News: Insight the Finance ministry’s flagship project, aimed at widening the tax base by catching tax evaders using technology. The ministry has floated a tender worth over Rs 150 crore to buy data analytics software and the infrastructure that goes along with it. The ministry has also attached a non-disclosure ...

News: The joint venture, between India’s oldest and largest stock exchange and a global giant with both having parentage of over 100 years each, has already launched a large number of index products here and is now looking at opportunities in neighboring countries. Leading index provider Asia Index Pvt Ltd, a joint venture between ...

News: The Supreme Court-appointed Special Investigative Team has submitted its report on black money in which it has recommended crackdown on money laundering through stock exchange platform and Participatory notes (P-notes). Some salient recommendations are: SEBI needs to have an effective monitoring mechanism to study unusual rise of stock prices of firms while such ...

News: The government is mulling setting up a Finance Corporation to utilise around Rs 2 lakh crore surplus cash of state-owned enterprises lying idle in banks, said Union Heavy Industry and Public Enterprises Minister Anant Geete. The funds may be used for purposes like reviving sick PSUs and investment in ...

News: The government issued a revised draft of the Indian Financial Code (IFC) to propose a monetary policy committee headed by RBI ‘chairperson’ to decide on key interest rates by a majority vote. The draft has sought to take away the veto power of the RBI governor while taking rate-related ...