Encouraged by foreign exchange reserves touching record levels, the Reserve Bank on Tuesday doubled the annual overseas investment ceiling for individuals to $2,50,000.
.jpg)
SBI will hold 30 per cent in RIL joint venture
'What will this supposedly more business-friendly government do if it gets a second term?' 'Important labour law and land reforms remain off the table.' 'Witness the arm-twisting of foreign players in e-commerce and all but one player in telecom -- and it is very hard to justify this perception that the BJP is business friendly.' 'There will also remain the real risk of ideas seemingly gleaned from the pages of Amar Chitra Katha, overlaid with PowerPoint presentations,' predicts Rahul Jacob.
The ED, in its chargesheet filed against Michel in June 2016, had alleged that he received 30 million (about Rs 225 crore) from AgustaWestland.
India and Pakistan must reform their institutions of governance to accelerate economic growth on a sustained basis for poverty reduction, lawmakers and experts from both the countries attending a meeting in Dubai said notwithstanding the chill in bilateral ties.
To curb the menace of illicit fund flows, the government has set up a high level panel that will look into trade-based money laundering activities which particularly involve manipulation of invoices.
"As an organisation committed to the rule of law, our operations in India have always conformed with our national regulations. The principles of transparency and accountability are at the heart of our work.".
As part of efforts to boost revenue collection, CBDT has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.
The rupee ended at a new one-year closing high for the fifth day in a row on Friday, buoyed by increased dollar remittances by exporters in the belief that the currency was set to climb higher.
Nepal's macroeconomic performance has been held back by the earthquakes and the recent unrest and disruptions to transportation and trade routes following the promulgation of a new constitution, the IMF said has said.
The Delhi High Court on Friday questioned why Facebook Inc is not paying any service tax when Google is doing so and directed the Centre to file a "better affidavit" on the issue.
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
The policy statement by the RBI governor is also expected to be upbeat.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
Following the surge in demand, Bitcoin is being quoted on Indian exchanges at 25-28 per cent higher than the international price, reports Rajesh Bhayani.
Two Indian associates of alleged middleman Christian Michel James were on Saturday granted bail by a special court in a money laundering case relating to the Rs 3,600 crore VVIP chopper deal.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
One can expect significant changes at India's banks in ensuing months.
Ending more than four decades of wait, India and Bangladesh will start the exchange of 162 adversely-held enclaves from Friday, marking the start of implementation of their landmark Land Boundary Agreement.
Emerging market currencies including Indian rupee are likely to remain under pressure, though depreciation is expected to slow from here, Barclays said in a research report.
'Modi skillfully navigated Trump's ego and pushed the right buttons.' 'Critics assailed Modi's speech for its personalism, but in the Trump era this is par for the course.'
SpiceJet in a statement said that there is no default in payment to AAI since January this year.
Want to know how to claim tax deduction on property income you earn? Do you know how to withdraw unclaimed EPF money?
There would be an increase in NRI investment in India post elections.
Dubai, Singapore, London are the top overseas markets for Indians
ED failed to obtain evidence with regard to financial links about the purchase of an island in Scotland.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
'A fresh look is being given to ways of processing, transmission, and delivery.'
The vertical will be based out of Bengaluru.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
PM Modi to travel to Vietnam before going to China to attend G20 summit.
RBI had received 72 applications for small finance bank licences.
India's balance of payments in negative territory.
Maran challenged reports that he and another company official have been summoned as accused by a Delhi court in two tax evasion cases
Bandhan Financial Services, which is to start banking operations soon, has received a combined equity commitment of Rs 1,600 crore (Rs 16 billion) from International Finance Corp (IFC) and GIC, Singapore's sovereign wealth fund.
.jpg)
Steps announced by new RBI Governor Raghuram Rajan could attract $10 billion of forex inflows in the next three months and this could be a material near-term positive for the rupee, which has lost 20 per cent since January, the London-based banking and financial services company said.
