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Why Finance Minister Jaitley disappointed Defence Minister Jaitley

The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to......

Will Pakistan accept a beef-eating Indian who also eats pork?

From belonging to an endangered tribe, somewhere along the line I had turned into a dangerous species myself: A lying, scheming, traitor, who had let the country down, says Durba Dhyani.......

India's oil import bill likely to dip 35% in FY'16

An $1 per barrel change in crude price impacts the net import bill by Rs 3,513 crore. India's crude oil import bill is likely to dip by 35 per cent to $73 billion this fiscal as global energy......

Rajiv Mehrishi's retirement to leave big shoes to fill

All eyes on North Block — who leads the Budget-making team for FY 2016-17? With Finance Secretary Rajiv Mehrishi expected to retire in August this year, civil servants in New Delhi and......

ADB to increase India lending by 50% to $12 bn by 2018

ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16 Asian Development Bank proposes to increase lending to India by almost 50 per cent to $12 billion by 2018, ADB President Takehiko Nakao......

Companies to see different method of computing taxes from current FY

The government has asked all companies, listed and unlisted, with a net worth of above Rs 500 crore (Rs 5 billion), to start following Ind AS for accounting periods beginning April 1, 2016.......

Gold ETFs record Rs 1,500 cr outflow in FY'15

Gold exchange traded funds have lost favour among investors as mutual fund managers pulled out nearly Rs 1,500 crore (Rs 15 billion) from these products in 2014-15 because of poor returns offered......
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A Mega Privatisation Makeover on the Cards

Resham Singh, Secretary, All India IDBI Officers Association The arbitrary and subjective move of the government to privatise IDBI Bank not... ...
Odisha to take Rs 5,000-crore hit from 7th pay commission

The Odisha government might have to take an additional burden of Rs 5,000 crore a year on account of higher salary and pension to its staff, if the... ...

Ayurved, the FMCG venture promoted by yoga guru Baba Ramdev, will invest Rs1,000 crore next year on expansion and plans to sharpen focus on... ...
GDP growth seen at 7.3-7.6% in July-September

After the seven per cent growth in the first quarter of the current financial year (FY16), most economists estimate gross domestic product (GDP)... ...
Govt puts final touches to strategic stake-sale policy framework

The government is putting final touches to a policy framework to sell or revive loss-making state-owned companies across sectors. A note is being... ...

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