Finance

The United Nations World Economic Situation and Prospects (WESP) 2016 report said that India will record a 7.3% economic growth in 2016 and 7.5% in 2017. China will see a slowdown in growth in 2016 to 6.4 per cent from 6.8 per cent it had achieved in 2015. In 2016, ...

CESC is a fully-integrated electrical utility company and has been generating and distributing power in Kolkata and Howrah. CESC Ltd entered into a pact with US-based Silver Spring for exploring business opportunities in the smart grid space. As part of its ongoing drive for modernising its transmission and distribution network, ...

The Goods and Services Tax (GST) Bill is the most crucial economic reform agenda envisioned by the Indian government. The political parties are divided on this bill and it will be a challenge for the government to get ‘thumbs up’ in the Upper House (Rajya Sabha). The BJP government says ...

Eighty-two cities of five states, including Kerala, Madhya Pradesh, Mizoram, Gujarat and Odisha, have announced to invest Rs.242 crore under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) action plans for 2015-16. With water logging in these cities as a recurrent problem, the states propose for the construction of ...

News: The revamped Public Procurement Bill, 2015, drops a key provision that made it applicable only to transactions above Rs 50 lakh. Background:  The Public Procurement Bill, 2012, – “to regulate public procurement with the objectives of ensuring transparency, accountability and probity in the procurement process, fair and equitable treatment of ...

News: The government opened up 15 sectors  in a bid to push up reforms, allowing 100% FDI in sectors such as completed construction projects, some plantation sectors, cable networks, direct-to-home (DTH) services and some air transport activities. Details: Upto 49% FDI will now be allowed in the defence sector under ...

he Nielsen consumer confidence index among 61 countries measures perceptions of local job prospects, personal finances and immediate spending intentions. Nielsen, a global information and insights provider, in its latest report said in the third quarter of this year, India continues to lead the global consumer confidence index followed closely by the ...

India has been ranked among top 10 acquirers in the US market this year with 16 deals valued at $1.7 billion, says Baker & McKenzie. Majority of the deals were in the pharma sector, with six transactions totalling $1.5 billion, as Indian companies seek to increase their scale in the ...

Government is set to unveil an ambitious PAN activity monitoring and analysis software tool that will enable Income Tax department to check transactions history of a person country-wide and help sleuths in effective tracking of black money trail. The digital and smart platform is called the Income Tax Business Application-Permanent Account Number (ITBA-PAN) ...

The US Treasury Department has issued a list of 34 countries which includes India with whom it would share information under FATCA (foreign account tax compliance act) regulations. The pact aims to cover automatic sharing of information on bank accounts and other instruments like mitual funds, insurance and equities with each ...