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Revenue deficit target of 2 per cent of GDP will be met in current fiscal, the deficit would be 1.9 per cent in the next.

Revenue collection for April-May capped at Rs 1,27,461 crore

The aforementioned figure comprises Rs 1,02,408 crore tax revenue.

30 Jun 2018 11:04 AM IST

President Donald Trump

Donald Trump wants to quit WTO, says report

There's no breaking news here ... it's not right, Mnuchin told Fox Business Network, calling the report fake news.

30 Jun 2018 5:59 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to take punitive action against errant bank auditors

The circular said quality audits are also a valuable input in the supervisory process of RBI over banks.

30 Jun 2018 5:52 AM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold demand spikes after prices dip

Rupee hit a record low on Thursday, limiting the drop in local gold prices.

30 Jun 2018 5:48 AM IST

Sushil Kumar Modi

GST on fuel to be 28%+: Sushil Kumar Modi

He said 45-50 per cent of tax revenues of states come from petrol and diesel.

30 Jun 2018 5:42 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank says 'no discussion' on Rs 13,000-cr capital infusion by LIC

Industry and government sources have said that LIC is looking to enter the banking space.

29 Jun 2018 5:15 PM IST

WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.

Keep close watch on prices of perishables in July-Nov: Centre to...

Presently, prices of essential commodities are under control, barring seasonal products or short term increase in few.

29 Jun 2018 4:52 PM IST

Bihar Deputy Chief Minister Sushil Kumar Modi (Photo: PTI)

States will get to levy additional taxes on top of GST on fuel: Modi

Modi, however, said it will take some time for states to get around to including petrol and diesel in the GST.

29 Jun 2018 4:25 PM IST

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Sensex soars 386 points as July F&O series opens strong

This is the benchmark's biggest single-session gain since May 31.

29 Jun 2018 4:14 PM IST

Railway Minister Suresh Prabhu (Photo: PTI)

Suresh Prabhu launches mobile app to trace missing, abandoned children

Amazon Rekognition, web facial recognition service, is being used to identify missing kids.

29 Jun 2018 3:58 PM IST

India must maintain a relationship of respect with Pakistan as its burgeoning economy needs access to the markets of Europe via Central Asia and Pakistan is the only country which could provide this, former National Security Advisor Nasser Janjua has said.

India needs Pakistan for accessing European market, says Nasser Janjua

Janjua said India's burgeoning economy needed access to the rich markets of Europe via Central Asia.

29 Jun 2018 2:54 PM IST

Indian Railways is not looking at more funds in the upcoming Union Budget for 2018-19 as it is focused on monetising assets within, Railway Minister Piyush Goyal said. (Photo: PTI)

Strong action to be taken against illicit Swiss deposits, says Goyal

India would get data as the accounting year ends, Goyal said.

29 Jun 2018 2:16 PM IST