A beleaguered Vijay Mallya may have walked free on bail within hours of his arrest but the event, which he nonchalantly dismissed as "usual Indian media hype", had rival parties claiming credit for it and engaging in recrimination.
The economy has been on high growth trajectory, but it should translate into generation of adequate jobs to make the growth story inclusive, Minister of State for Finance P K Bansal said on Wednesday.
The rise in May Wholesale Price Index based inflation has been mainly on account of 31.44 per cent increase in prices of potato, 19.40 per cent in fruits and 12.75 per cent in rice.
The government will not bring down its ownership in public banks.
The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.
This is Satya Nadella's third visit to India since he took over as Microsoft CEO in February 2014.
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
The finance ministry on Friday said revenue loss on account of fiscal sops to Special Economic Zones is estimated to be Rs 1,02,621 crore.
Implementation of GST is expected to increase the gross domestic product of the country.
The fiscal deficit in current fiscal has been estimated at 3.9%.
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
The income tax authorities have initiated proceedings for payment of service tax.
State Bank of India, Bank of India and Punjab National Bank have sought permission to open branches in Pakistan, the government said in Parliament on Tuesday.\n\n
Finance Minister Arun Jaitley on Friday said as many as 37,506 tax dispute cases were pending before various Income Tax Appellate Tribunals having a financial implication of Rs 1.45 lakh crore at end March 2015.
Series of controversies related to Dalit issues have come at a time when the BJP has launched a massive campaign to win back Uttar Pradesh.
The finance ministry has issued fresh guidelines on government office expenditure to control non-developmental expenditure, Minister of State for Finance S S Palanimanickam said on Monday.
All the 27 public sector banks together have market share of about 70 per cent.
The government on Tuesday said it is not considering imposing tax on foreign institutional investors to curb volatility in the stock markets.
ED officials said the nine premises covered under the action included properties and offices belonging to Bhujbal, son Pankaj, nephew and former member of Parliament Samir and a few others.
For the urban population, recalibration of ATMs has already started and they will start dispensing the new Rs 2,000 currency notes from Monday or Tuesday.
The government on Tuesday announced that it has formally called-off plans to sell stakes in 13 profit-making central public sector undertakings.
As many as 433 borrowers have taken loans of over Rs 1,000 crore.
RBI rate cut is a welcome step for all citizens of India as everyone is looking for near-term boost in economy.
Tax holidays to special economic zones are estimated to lead to a revenue loss of over Rs 1-lakh crore by FY10, the Parliament was informed on Friday.
There are serious issues in the economy which need to be addressed
The sale of controlling stake in 13 public sector companies, which had been cleared by the previous government, has been called off, Rajya Sabha was told on Tuesday.
The government on Monday introduced a bill in Lok Sabha aimed at discouraging borrowers to postpone repayment of their dues and enable the secured creditor to speedily recover their debts including through security or other measures.
As much as Rs 583 crore (Rs 5.83 billion) was collected from the Fringe Benefit Tax and Rs 20 crore (Rs 200 million) from Banking Cash Transaction Tax during the first quarter of this fiscal, the Lok Sabha was informed on Tuesday.
It is likely that the IO of Chennai police would also approach a local court to seek Modi's presence in the case as being sought by the ED in its money laundering probe.
Umer Ayub Khan signs a petition to the World Bank raising a dispute over the Baglihar hydropower project under the Indus Waters Treaty. His grandfather and Nehru had signed the treaty.
The comments come within days of the fiscal deficit for the first eight months of the fiscal touching nearly 99 per cent mark of the budget amount for the entire fiscal.
Prime Minister Narendra Modi on Monday reviewed the situation and favoured pushing ahead with the reforms agenda and taking more steps to strengthen the economy.
'Whatever happens in any part of the world affects us.'
He will succeed Kerala Finance Minister K M Mani.
The government on Tuesday said it was not considering 100 per cent foreign direct investment in the pension sector.
The Reserve Bank too imposed a series of curbs to restrict gold imports.
The revenue department had sent notices to FIIs.
The ED had conducted searches on at least nine premises, including properties and offices, belonging to the senior Bhujbal, Pankaj, nephew Samir and few others.
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