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Number of people filing tax returns may double during 5 years of present government: Jaitley

Number of people filing tax returns may double during 5 years of present government: Jaitley

Finance Minister Arun Jaitley has said that the number of people filing tax returns in India is likely to double to 7.6 crore during 5 years of present government due to initiatives like rationalisation......

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Cabinet may soon approve proposed new industrial policy: Prabhu

Cabinet may soon approve proposed new industrial policy: Prabhu

Commerce and Industry Minister Suresh Prabhu has said the Union Cabinet may soon approve the new industrial policy that aims at promoting manufacturing, attracting investments and creating jobs. He also......

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India

India's manufacturing sector outlook to remain positive for Q2FY19: FICCI

With higher production in manufacturing, Federation of Indian Chambers of Commerce and Industry (FICCI) in its latest quarterly survey has stated that the outlook for India's manufacturing sector is positive......

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Govt hikes import duty on several electronic items to curb CAD

Govt hikes import duty on several electronic items to curb CAD

In efforts to check widening current account deficit (CAD) by curbing imports, the government has again hiked the import duty on several electronic items and telecom equipment. The Central Board of Excise......

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India

India's fiscal deficit may go up by 0.1%; excise duty cut on fuel credit negative: Moody's

Terming government's decision to cut excise duty on petrol and diesel as credit negative for the India, global rating agency Moody's Investors Service has stated that this will reduce government revenue......

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RBI to infuse Rs 12,000 crore into system to manage liquidity

RBI to infuse Rs 12,000 crore into system to manage liquidity

In order to meet the festival season demand for funds, the Reserve Bank of India (RBI) will inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11. The government......

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40-60% haircut may help resolve Rs 1 trillion of stressed power loans: Crisil

Credit ratings agency, Crisil Ratings in its latest report has said that a 40-60% haircut coupled with a few financial safeguards may help in resolving as much as Rs 1 trillion of debt stuck in coal-based......

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Govt imposes anti-dumping duty on import of nylon filament yarn from EU, Vietnam

With a view to guard domestic players from cheap imports, the government has imposed anti-dumping duty in the range of $719.44 - $128.06 per tonne on import of nylon filament yarn from the European Union......

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Gadkari stresses on use of alternative energy sources amid rising fuel prices

Amid rising fuel prices, Union road transport minister Nitin Gadkari has stressed on use of alternative energy sources including bio ethanol. He also said 'import of petrol is becoming difficult for the......

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IMF retains India's economic growth forecast at 7.3% for 2018

The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) report has retained India's economic growth forecast at 7.3% for the current year 2018. Though, it is lower than the government......

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No question of going back on oil price deregulation: Oil Minister

Oil Minister Dharmendra Pradhan has said that there was no question of going back on deregulation of oil prices despite the government asking state-owned oil marketing companies to subsidise petrol and......

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P-notes investment jumps to Rs 84,647 crore at August-end

Rising for first time in 10 months, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) jumped Rs 84,647 crore at the end of August. According......

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Some more steps on anvil to narrow CAD, bolster forex inflows: Jaitley

Asserting the government's commitment to meet fiscal deficit target of 3.3% for the current fiscal, Finance Minister Arun Jaitley has said that there are some more steps on the anvil to narrow the current......

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RBI keeps repo rate unchanged at 6.5%; shifts stance to 'calibrated tightening'

After two successive rate hikes, the Reserve Bank of India (RBI), surprising the street expectation of at least a quarter percentage rate hike, has kept its repo rate, the rate it lends to commercial banks,......

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Exports growth in India likely to slow down in coming months: FIEO

Expressing cautiousness on India's exports, exporters' body the Federation of Indian Export Organisations (FIEO) has said that the exports growth in the country is likely to slow down in the coming months......

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