Jaitley drops PDMA; RBI to regulate govt bonds for now

Last Updated: Thursday, April 30, 2015, 15:10

Setting at rest the controversy with regard to regulation of government bonds for the time being, Finance Minister Arun Jaitley today dropped from the Finance Bill 2015 the proposal to set up a separate Public Debt Management Agency (PDMA), outside of the RBI's ambit.

Government withdraws proposal to set up new public debt management agency

Last Updated: Thursday, April 30, 2015, 14:15

Jaitley added that the government is in consultation with RBI to prepare a detailed road-map for setting up a separate debt management agency.

Transport allowance exemption doubled to Rs 1,600/month

Last Updated: Wednesday, April 15, 2015, 21:12

The Finance Ministry has notified the increase in transport allowance to Rs 1,600 a month from Rs 800 as announced in the Budget.

New GDP numbers "too good to be realistic": CEOs' survey

Last Updated: Sunday, March 8, 2015, 12:11

Cautioning against being "too optimistic" about economy as yet, industry body Assocham today said a large majority of CEOs and CFOs find the revised GDP data of over 7 per cent growth as "too good to be realistic".

Foreign inflows into Indian markets: Over Rs 1,000 cr a day

Last Updated: Sunday, March 8, 2015, 12:08

With an average of over Rs 1,000 crore a day, the net foreign fund inflows into Indian capital markets have crossed USD 11 billion (over Rs 68,000 crore) in little over two months so far in 2015.

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.

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.

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.