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.
Want to know how to claim tax deduction on property income you earn? Do you know how to withdraw unclaimed EPF money?
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
The vertical will be based out of Bengaluru.
A few adjustments can help foreign travellers and students reduce the impact of a falling rupee.
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.
Irrational behaviour, born out of incomplete understanding, biases, overconfidence, fear or greed, has led investors to make less than half of what they could have in the capital markets, says Erik Hon.
PM Modi to travel to Vietnam before going to China to attend G20 summit.
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.
K Pandia Rajan, an expert on the employment scene and recruiting speaks on the buoyancy in the Indian economy and what youngsters can look forward to.
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
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SBI will hold 30 per cent in RIL joint venture
Recently, Prime Minister Manmohan Singh had also ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and reversing the path to globalisation of economy.
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.
Saudi Arabia relies more heavily on migrant labour than any other large country.
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.
The policy statement by the RBI governor is also expected to be upbeat.
'It is to be fervently hoped that a person as rational and brilliant as Hamid Ansari will not be allowed to wilt and simply wither away.'
The CBI has shared its findings with the Enforcement Directorate.
Dubai, Singapore, London are the top overseas markets for Indians
Indians must remember that Pakistanis hate losing to India, at war or in cricket, says Sanjeev Nayyar.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
High-networth individuals and domestic funds from India are eyeing a slice of the much-touted mega IPO of Chinese e-commerce giant Alibaba, which looking to raise an eye-popping $21.1 billion.
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
India's balance of payments in negative territory.
A special court on Saturday issued fresh summons against three accused in a money laundering case related to the Rs 3,600 crore VVIP chopper deal in which it had earlier issued an open-ended non-bailable warrant against British national and alleged middleman Christian Michel James.
'We do India great disservice if we continue to perpetuate a flawed narrative on trade, one based on myths rather than facts,' says Hardeep Singh Puri.
Nandan Nilekani talks about moving towards a cashless economy and freedom of Internet, among others
Stability in currency markets was only restored from September.
The start of BHIM's declining share coincided with the launch of Google Tez in mid-Septem
SpiceJet in a statement said that there is no default in payment to AAI since January this year.
With trade deficit falling 24% in Apr-Dec and stable capital flows, FY14 may end with a balance-of-payments surplus.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
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Top sources in RBI blamed 'unwarranted rumours' about controls on foreign institutional investors' money to the nearly 770 point drop in the benchmark Sensex and rupee dipping to its lowest levels.
There is merit in considering whether merchandise exports can be facilitated by halting if not reversing the rupee's appreciation, says T N Ninan.
National Disaster Management Authority had in 2016 suggested assistance offered as a goodwill gesture 'may' be accepted.
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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.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
