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Increasing involvement of govt in affairs of RBI could undermine financial stability: S&P

Increasing involvement of govt in affairs of RBI could undermine financial stability: S&P

S&P Global Ratings in its latest report has termed the recent resignation of Urjit Patel as credit negative and said Indian government's sustained and intense involvement in the affairs of the......

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Govt will stick to 3.3% fiscal deficit target in FY19, clock growth rate of 7-8%: Jaitley

Govt will stick to 3.3% fiscal deficit target in FY19, clock growth rate of 7-8%: Jaitley

Expressing optimism over India's fiscal position, Finance Minister Arun Jaitley has said that the government will stick to its fiscal deficit target in the current financial year (FY19) because when current......

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Govt mulls extra capital infusion of Rs 30,000 crore in PSBs

Govt mulls extra capital infusion of Rs 30,000 crore in PSBs

The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks (PSBs).  It is expected that final decision will come in the next few weeks. The government......

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Need to increase India

Need to increase India's export significantly to make $5 trillion economy by 2025: Kant

NITI Aayog chief executive Amitabh Kant has said that there is need to increase India's export significantly if the country has to double the size of its economy to $5 trillion by 2025. He also noted that......

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Liquidity issues faced by NBFIs to weigh on India

Liquidity issues faced by NBFIs to weigh on India's growth prospects: Moody's

Raising concerns over economic growth, global credit ratings agency, Moody's Investors Service has said that liquidity constraints faced by some non-bank financial institutions (NBFIs) in India, after......

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India

India's industrial output growth surges 11-month high of 8.1% in October

India's industrial production measured by Index of Industrial Production (IIP) surged an 11-month high of 8.1% in the month of October 2018 as against 4.5% in September 2018 and 1.8 percent in October......

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Govt need to consider permitting 100% FDI in multi-brand retail trade: CII

In order to promote growth in multi-brand retail trade, industry body the Confederation of Indian Industry (CII) in its latest report has stated that the government should consider permitting 100% foreign......

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Direct tax collections jumps 15.7% in first eight months of FY19

The finance ministry stated that the income tax department has collected Rs 6.75 lakh crore in gross direct tax, comprising personal income tax (PIT) and corporate income tax (CIT), during the April-November......

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Govt makes 60% pension withdrawal tax free

Detailing on taxability of fund under National Pension Scheme (NPS), the government has said that the entire 60% of the corpus withdrawn at the time of retirement will now be tax free. Finance Minister......

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Curtailing independence of central bank will be credit negative: Moody's

Amid Urjit Patel's unexpected resignation as the Reserve Bank of India (RBI) governor, Moody's Investors Service has said that independence of the central bank is an important consideration in assessing......

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ICRA assigns negative outlook to airline industry

Rating agency ICRA has assigned a negative outlook to the domestic airline industry. However, rating agency is expecting that the domestic passenger traffic growth will remain healthy at around 15-16 per......

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India's CAD widens to 2.9% of GDP in Q2FY19 on higher trade deficit

Raising concerns over India's fiscal position, the Reserve Bank of India (RBI) in its preliminary balance of payments (BoP) data has showed that the country's current account deficit (CAD) widened to 2.9%......

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Finance Ministry extends last date for filing annual GST returns till March 31

In a relief measure for trade and industry, the Finance Ministry has extended the last date for filing annual Goods and Services Tax (GST) return forms by three months until March 31, 2019.  The......

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India's growth performance 'very solid' over past four years: IMF Chief Economist

Praising the fundamental economic reforms like the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC) carried out by the government, International Monetary Fund's (IMF) Chief Economist......

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RBI will continue to inject liquidity into system via OMO till March-end: Viral Acharya

Amid liquidity crunch in the financial system, the Reserve Bank of India's (RBI) deputy governor Viral Acharya has said that the Central Bank will continue to inject liquidity into the banking system through......

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