India sets inflation target in monetary policy overhaul

Last Updated: Monday, March 2, 2015, 18:06

India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority.

Budget to create enablers for Make-in-India focus

Last Updated: Monday, March 2, 2015, 17:47

This year's Union budget contains policy directions which are favourbale for the Centre's Make-In-India initiave.

Nifty logs new closing peak, Sensex gains on Budget cheer

Last Updated: Monday, March 2, 2015, 16:27

Sensex Monday rose for the third straight session, gaining 97.64 points to end at 29,459.14 and the Nifty index increased 54.90 points to new closing peak of 8,956.75 as investors cheered growth-oriented proposals in the Union Budget.

General Motors sales down 23% at 4,320 units in Feb

Last Updated: Monday, March 2, 2015, 13:45

General Motors India today reported 22.95 percent decline in sales at 4,320 units in February as against 5,607 units in the same month last year.

India's budget: Mood mixed at Moody's

Last Updated: Monday, March 2, 2015, 13:00

The increase in service tax, however, is credit negative as it would increase the production cost for Indian corporates, the agency said.

Budget shows commitment to keep fiscal deficit low: S&P

Last Updated: Monday, March 2, 2015, 10:47

India`s budget for 2015-16 highlighted the government`s commitment to keeping the fiscal deficit low, ratings agency Standard and Poor`s said, adding that the country`s debt burden and subsidy bill could constrain its ratings.

Bonds fall on govt's 2015-16 fiscal deficit target

Last Updated: Monday, March 2, 2015, 10:24

The budget announced a fiscal deficit target of 3.9 percent of gross domestic product for the fiscal year starting in April, higher than an expected 3.6 percent.

Govt to launch APY pension scheme on June 1

Last Updated: Sunday, March 1, 2015, 20:54

The government today said Atal Pension Yojna (APY), announced in the Budget, will be launched on June 1 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age.

Coal mine auctions leave no doubt about CAG's loss figure: PM

Last Updated: Sunday, March 1, 2015, 20:02

CAG's astronomical Rs 1.86 lakh crore loss figure in coal block allocations had raised some doubts initially, but the auction of less than 10 percent of those mines alone has garnered Rs 1.10 lakh crore, Prime Minister Narendra Modi said today.

Tyre industry wants correction in duty structure

Last Updated: Sunday, March 1, 2015, 20:00

Welcoming the budget announcement of Rs.14,000 crore investment in the road sector, completing 100,000 km of roads and sanctioning construction of another 100,000 km, a leading tyre manufacturer also called for correction of the duty structure for the industry.

''Student aid authority will rein in rogue banks''

Last Updated: Sunday, March 1, 2015, 19:41

With almost all nationalised banks not following the education loan norms, the proposal to set up an information technology (IT) -based monitoring mechanism is a welcome measure, said the convenor of the Education Loan Task Force (ELTF).

PSU oil cos to invest Rs 76k cr on project expansion in FY16

Last Updated: Sunday, March 1, 2015, 18:55

State-run oil firms including Oil and Natural Gas Corp (ONGC) will invest over Rs 76,565 crore on the project expansion during 2015-16, up 5 percent over the previous fiscal.