Finance

News: “We have addressed underlying macroeconomic instability that we had, despite global volatility. Government will focus on banking reforms, GST and macro-economic stability in the remaining 3-4 years” minister of state for Finance Jayant Sinha said at an IVCA (Indian Private Equity and Venture Capital Association) event. Sinha said the finance ...

News: India tops among the 110 countries, as the destinations for attractiveness to foreign investors. China has secured the 65th position and the U.S. is at the 50th. The ranking is based on an index for baseline profitability that assumes that three factors: how much the value of an asset grows; ...

News: First time ever, the reserves rose $1.171 billion in the week to June 19 to $355.459 billion. RBI sterilises the flow to prevent the rupee gaining sharply when it wants to keep Indian exports competitive in the international market. RBI data reflect that foreign currency assets rose $1.136 billion ...

News: Foreign direct investment (FDI) inflows to South Asia rose to $41 billion in 2014, primarily the inflows surged by 22 per cent to about $34 billion owing to good performance by India. The top five recipients in South Asia of FDI inflows were India, followed by Iran, Pakistan and Bangladesh ...

News: The government will infuse capital in public sector banks in the next three to six months. Finance Minister Arun Jaitley has earmarked Rs 7,940 crore in the Budget for recapitalisation of public sector banks (PSBs) during the current financial year. In 2014-15, the government had injected Rs 6,990 crore ...

News: The government is planning to infuse about Rs 57,000 crore in public sector banks in two years. This is a significant change in the government’s approach and will be beneficial for credit profile of state-run banks. Union finance secretary Rajiv Mehrishi said, ” What we are aiming at is ...

News: The government proposed income tax benefits to remove transaction charges on card payments at petrol pumps, gas agencies, and for railway tickets. It also proposed to make it mandatory to settle high value transactions of more than Rs 1 lakh through electronic mode to reduce tax avoidance, tax rebate ...

News:  India continues to be the most favoured destination despite global investors reducing their exposure to emerging market equities, said Bank of America Merrill Lynch (BoF-ML). India topped the global emerging market investors’ country preference chart followed by China and Poland in the second and third place, respectively as Asia Pacific ...

News: In search of cooperation for withdrawing pre-2005 currency notes from circulation, the RBI has requested the general public to deposit in their bank accounts or exchange for their full value at the bank branch which is convenient to them. As the notes issued pre-2005 have fewer security features compared ...

News: In a series of meetings with US Treasury Secretary Jack Lew, Commerce Secretary Penny Pritzker and US Trade Representative Mike Froman, Mr Jaitley who is on a nine day US tour discussed bilateral issues of mutual interests and concerns. He flagged off some of the issues including totalisation agreement, ...