Expected RBI to wait till April for rate cut: Rangarajan

Last Updated: Wednesday, March 4, 2015, 13:57

Surprised over the timing of RBI's rate cut, former central bank governor C Rangarajan on Wednesday said the Union Budget was not a good enough trigger for easing of rates and he had expected RBI to wait till next month.

After rate cut, Govt pitches for rating upgrade

Last Updated: Wednesday, March 4, 2015, 13:39

Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook.

'No change in personal income tax rates in near-term'

Last Updated: Tuesday, March 3, 2015, 19:22

Personal income tax rates will not be changed in the near term even as peak corporate tax rate will be cut by 5 percent over a four year period beginning 2016-17, a top finance ministry official said.

Black money: One-time short window for declaring assets abroad: Revenue Secretary

Last Updated: Tuesday, March 3, 2015, 18:57

The government will give a one-time 'short window' to holders of black money abroad to declare their wealth, pay taxes and penalty and escape prosecution under the proposed stringent law to deal with the menace.

'Corporate tax rate reduction will make India more competitive'

Last Updated: Tuesday, March 3, 2015, 17:38

Dismissing criticism that proposals in the Budget for 2015-16 are pro-corporate, Revenue Secretary Shaktikanta Das on Tuesday said reduction in corporate tax rate will make India more competitive, and enable companies to invest more and create more jobs.

Nifty hits fresh all-time high of 9,000

Last Updated: Tuesday, March 3, 2015, 15:08

The benchmark Sensex on Tuesday rose for the fourth straight session and the Nifty index hit new peak of 9,000.50 as investors cheered growth-oriented proposals in the Union Budget.

MF industry may see several mergers of schemes in coming weeks

Last Updated: Tuesday, March 3, 2015, 14:39

The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.

Shome welcomes deferment of GAAR in Budget

Last Updated: Monday, March 2, 2015, 23:14

Parthasarathi Shome, the Chairman of Tax Administration Reforms Commission, constituted by the Finance Ministry, Monday hailed the decision to defer General Anti-Avoidance Rules (GAAR) as announced in the Budget.

Fiscal deficit at Rs 5.68 lakh cr, breaches budget estimates

Last Updated: Monday, March 2, 2015, 23:13

Fiscal deficit rose to Rs 5.68 lakh crore in April-January period, breaching the budget estimate by 107 percent which may call for harder measures by the government to meet the target of 4.1 percent of the GDP for full 2014-15 financial year.

Govt forms panel to suggest ways on promoting card transaction

Last Updated: Monday, March 2, 2015, 19:45

The government has formed a committee which will come out with structures that can be put in place to encourage use of credit or debit cards, Finance Secretary Rajiv Mehrishi said today.

Activists decry slashing of budget for children

Last Updated: Monday, March 2, 2015, 19:42

Child rights activists on Monday termed the slashing of budgetary provisions for programmes and schemes related to children in the union budget as "scary".

April-Jan fiscal deficit overshoots full-year target: Govt

Last Updated: Monday, March 2, 2015, 18:32

India`s January fiscal deficit overshot the full-year target as the gap swelled to 5.68 trillion rupees ($91.70 billion), or 107 percent of the target for the 2014/15 fiscal year ending in March, government data showed on Monday.