Government retreats on parliament plan for GST

Last Updated: Wednesday, September 9, 2015, 14:44

The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax (GST) because of lack of political support, Finance Minister Arun Jaitley said on Wednesday, making it harder to meet an April 2016 deadline to implement the reform.

Govt won't go soft on pursuit of black money: Arun Jaitley

Last Updated: Wednesday, September 9, 2015, 13:06

Refusing to relent on the pursuit of black money, Finance Minister Arun Jaitley on Wednesday said the government will not "go soft" on bringing unaccounted wealth back into the formal system.

List of tax exemptions to be phased out in few days: Arun Jaitley

Last Updated: Wednesday, September 9, 2015, 11:49

The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.

Housing lender Indiabulls plans up to $600 mn share offering-terms

Last Updated: Wednesday, September 9, 2015, 08:29

The deal has a base size of $500 million, with an option to grow by $100 million to meet additional investors` demand.

Knee-jerk reaction not answer to emerging challenges: FinMin

Last Updated: Tuesday, September 8, 2015, 23:38

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

LIC Housing Finance to raise up to Rs 47,000 crore

Last Updated: Monday, September 7, 2015, 20:47

LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.

OROP no threat to fiscal arithmetic: Jayant Sinha

Last Updated: Monday, September 7, 2015, 18:06

Government Monday ruled out the possibility of additional financial burden of Rs 8,000-10,000 crore on account of OROP scheme hurting the fiscal consolidation programme, saying there was "space" to absorb it.

Real economy will dictate Indian markets, not Yuan devaluation or Fed rate hike: Arun Jaitley

Last Updated: Sunday, September 6, 2015, 15:04

Factors like the Chinese devaluation of yuan and the US Fed's likely interest rate hike are "transient" and it will be only the real economy that will dictate the currency rate fluctuations and markets in India, says Finance Minister Arun Jaitley.

Finance Ministry may introduce MUDRA Bill in Budget session

Last Updated: Sunday, September 6, 2015, 14:42

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

G20 launches W20 grouping for gender inclusive economic growth

Last Updated: Sunday, September 6, 2015, 13:25

The W20 group -- having 20 women leaders from G20 nations -- would host its first summit next month in Istanbul after all member countries appoint their nominees.

China emphasizes stability at G20, fiscal spending quickens

Last Updated: Sunday, September 6, 2015, 09:56

China is headed for its slowest economic expansion in 25 years in 2015 and mainland markets have slumped 40 percent since mid-June, sending global financial markets skittering.

G20 charts careful course in turbulent economic waters

Last Updated: Sunday, September 6, 2015, 09:02

Warily watching economic clouds gathering in China and the possibility of an end to zero interest rates in the United States, G20 leaders steered a careful course at their meeting in Turkey at a time of uneven and fragile growth.