Finance

With $31 billion of foreign capital inflows, India has surpassed China and the US to take the pole position in attracting largest FDI in the first half of 2015, said a report published in Financial Times, London. The report said that in 2014 India ranked fifth in terms of capital ...

Domestic steel giant SAIL is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products. The Maharatna firm has awarded the contract for setting up this hot strip mill to ...

The country where finding investments and support for your business remains a tough task. Understanding this, the new government has launched schemes especially to boost the small industries and start-ups. These schemes will be soon available for the consumption purpose. Indian Prime Minister Narendra Modi focus on making India one ...

The Finance Ministry announced today (25th September) that a mega credit campaign is going to happen until 2nd of October  for Medium, Small and Micro Enterprises to push for Pradhan Mantri Mudra Yojana (PMMY). Together, all the banks (state-run, regional and private) have a target of Rs. 1.22 lakh crore ...

India will be able to weather the impact of any increase in interest rates by the US Federal Reserve with its “multiple layers of defence”, minister of state for finance Jayant Sinha has said. Sinha said the goal of policymakers in India is to strengthen economy to ensure that asset ...

The Insurance Regulatory and Development Authority of India (Irdai) will make it mandatory for large life insurance companies to list within a specific period. The three largest insurance companies at present are SBI Life Insurance, ICICI Prudential Life Insurance and HDFC Life, only HDFC Life has so far shown any ...

The government along with World Bank has released a state-wise report on the ease of doing business – a report in which Gujarat has topped with a score of 71.14%. Andhra Pradesh is the second best state, followed by Jharkhand, Chhattisgarh, Madhya Pradesh and Rajasthan. The exercise is aimed at ...

In the first four months of 2015-16, the manufacturing sector output has risen by 4% in 2015-16 as compared to 2.8%  in the similar period of last fiscal. Economic Affairs Secretary Shaktikanta Das said improvement in IIP data for July is in line with steady improvement in the economic growth. ...

The Income Tax Department will now process and send refunds in a short time of 7-10 days as its latest technology upgrade of electronic and Aadhaar-based ITR verification has begun on a successful note. The department received 2.06 crore returns on its e-filing portal as on September 7, 2015 (last ...

“The proposal to increase dearness allowance by six percentage points to 119 per cent is likely to be taken up by the Cabinet tomorrow,” a source said. The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th Pay Commission, which will benefit 48 ...