An internal study by the Reserve Bank of India is understood to have found out that most of the foreign exchange inflows into India from non-resident Indians and portfolio investments are emanating from tax-haven countries.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
'Dr Rajan is often preachy with commandments aimed at nobody in particular,' complains M S Sriram.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
Besides, less than 200 applications have been received by the authorities challenging the inclusion of the names of suspected illegal immigrants in the NRC, a list of Assam's residents, two months after a window was opened for claims and objections.
For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
Replying to a debate on Motion of Thanks to the President's Address in Lok Sabha, Modi also attacked the Congress for its politics in the last seven decades, saying the party's politics of last 70 years has been such that no Congress leader can be self-sufficient.
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
India remains North Korea's 2nd-largest import source after China, according to several estimates by multilateral bodies, says Subhayan Chakraborty.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
Endorsement by celebrities such as Aishwarya Rai, Hrithik Roshan among others and increasing awareness among customers are helping stem cell firms grow the brand footprint
The judgment was reserved after a marathon hearing which went on for 38 days spanning four months.
'This confrontation could have been avoided by a less arrogant administration that initially listened, used whatever negotiating skills they had and tried to be more credible,' observes Ramesh Menon.
The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.
'Modi was in as sweet a spot as is possible for an Indian prime minister in mid-term.' 'Why, then, did he plunge into this massive disruption?' 'The answer,' argues Ashok Malik, 'lies in a single word: Belief.'
The PM said that the Union Budget will accelerate the economic growth, financially empower every citizen and strengthen the foundation of the economy in the new decade.
Renowned realtors are shying away from the private equity (PE) route to raise funds.
Jack Ma is learnt to have discussed about e-commerce, mobile telephony
Finance Minister Arun Jaitley's decision to cut arbitrage may ensure that the standards of purity of the refined gold in the Indian market meet the global benchmark
"We can celebrate technology, but if it doesn't truly empower every Indian and every Indian organisation to achieve more...we would have achieved nothing," the Microsoft CEO said in Mumbai.
The Finance Ministry has sought comments from stakeholders.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.
Indian Institute of Management, Indore will start functioning from its new campus situated atop a hill overlooking Pithampur Industrial area from June 21.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
No one knows where billionaire Nirav Modi emerged from. What is known is that when he came (back) to India, he cut his teeth in the diamond business under the tutelage of his jeweller uncle. Then he began to build a glittering international brand. Soon even Hollywood stars like Kate Winslet and Dakota Johnson were walking the red carpet showing off Nirav Modi jewels.
Around 250 financial market players will participate in a closed door meeting with Narendra Modi on February 27.
The broader markets are outperforming the benchmark indices.
The government has provided no official explanation behind the note ban that is backed by hard data, says Debashis Basu.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
India and Sri Lanka on Friday signed four agreements during Narendra Modi's maiden visit to the country, the first bilateral tour by an Indian premier in 28 years, with the prime minister announcing a slew of measures aimed at resetting ties with the strategic neighbour.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
'When you meet Rahul Gandhi, you will know he is definitely the right guy to lead this country.'
New filers reported an average income, in many cases, close to the income tax threshold of Rs 250,000, limiting the early revenue impact.
One-time solution for IDBI, IFCI soon: FM
