The IMF has welcomed the fiscal deficit target set by India in its annual budget and noted that the country is returning to the path of gradual fiscal consolidation.
Karnataka Budget 2018 LIVE updates: Ahead of the high-octane electoral battle in Karnataka, Chief Minister Siddaramaiah presents his record 13th Budget today.
Uttar Pradesh Budget 2018-19 LIVE updates: Uttar Pradesh chief minister Yogi Adityanath is set to present his second full budget today after coming to power in the state in March 2018.
Regulators may be wary of a bigger problem cropping up after the revelation of misuse of non-fund-based banking services by entities associated with the now infamous diamantaire Nirav Modi, the promoter of diamond trading company Firestar International, and its numerous associated entities.
The RBI said it is “ready to inject adequate additional liquidity” into the system as the financial year draws to a close.
The pace of goods and services tax (GST) revenue, which gathered momentum in December after hitting a nadir in November, has accelerated further in January.
The government is set to revise the base years of Gross Domestic Product (GDP), Index of Industrial Production (IIP) and Consumer Price Index (CPI) in order to “accommodate and factor” the economic changes in the country
Saying that India’s fortunes lie largely in its own hands, the World Bank has identified two global risks that could jeopardise the country’s progress towards a ‘global middle-class status’
Less than a month after he declared to the World Economic Forum that India was open for business, Prime Minister Narendra Modi has raised import duties to their highest in three decades, setting the stage for a protracted trade war.
The Wholesale Price Index (WPI) for the month of January was recorded 2.84% easing further on lower food prices as compared to 3.58% in the previous month. The WPI Inflation has beat ET Now poll which had estimated the index to be 3.1%.
India faces the problem of under-employment and an unsatisfactory job scenario more than unemployment as the young generation has higher aspirations compared to what is on the ground, NITI Aayog Vice Chairman Rajiv Kumar said today.
According to ICRA, the road and infrastructure cess on petrol and diesel prices, proposed in the Finance Bill 2018, estimated at Rs 1,13,000 crore, would flow into Central Road and Infrastructure Fund (CIRF).
As the US is anticipating that rising wages might spur inflation in coming days, newly appointed Federal Reserve Chairman Jerome Powell has suggested that the Fed will go ahead with interest rate hikes despite the market turmoil.
Chartered accountants’ apex body ICAI is looking into various aspects of virtual currencies and will come out with a concept paper on the same, according to its president Naveen N D Gupta.
The Reserve Bank’s revised framework for quicker and time-bound resolution of stressed assets is a long-term positive for banks, says a report.
The GST will not be charged on the cost of food served to patients by hospitals as advised by doctors, the government has said.
India has started a probe to review whether the existing anti-dumping duty on flat base steel wheels imported from China should continue, keeping in mind interest of domestic manufacturers.
Billionaire founder of Microsoft Corporation Bill Gates has an advice for the US President Donald Trump – “ Don’t cut foreign aid as people in other countries will die as a result, and Americans will be worse off.” Bill Gates was answering top ten questions, along with his wife Melinda, for the tenth edition of the Gates Foundation’s annual letter.
Prime Minister Narendra Modi recently in the Parliament said that youths in ‘New India’ are not job-seekers and aspire to become entrepreneurs, but the World Bank has said that with an ever-increasing number of the working population, the need of the hour is regular salaried jobs
Prime Minister Narendra Modi has allowed his subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals.
Considering the existing bad loan resolution schemes not working on the expected lines, and non-performing assets’ surging unabated, the Reserve Bank of India decided to withdraw all resolution schemes like CDR, S4A or SDR immediately.
The survey findings emphasised the importance of accounting professionals for businesses to be compliant with GST, underscoring the willingness for compliance and the trust of people in the acumen and expertise of accounting professionals.
The Finance Ministry on Tuesday proposed a merger of the Government Savings Certificates Act, 1959 and the Public Provident Fund (PPF) Act, 1968 with the Government Savings Banks Act, 1873.
Around 64 per cent of Indians surveyed are of the view that the Goods and Services Tax (GST) rollout led to a disruption among the businesses community across the country, says an IFAC survey.
The foreign direct investment (FDI) in the food processing sector is expected to rise by 38 per cent to $1 billion this fiscal, driven by recent reforms, Union minister Harsimrat Kaur Badal said today.
The government is looking at taking district hospitals to the level of medical colleges, a move that will help address the issue of shortage of doctors, especially in rural areas, NITI Aayog CEO Amitabh Kant said today.
Private equity/venture capital investments worth $3.5 billion were announced in January this year, led by big ticket transactions, says an EY report.