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Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

Inflation risks overdone; RBI rate cut likely in Aug: report

RBI in its fifth bi-monthly review of this fiscal kept repo rate unchanged at 6 pc and reverse repo at 5.75 pc.

3 Feb 2018 11:21 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Govt expects lower dividend proceeds from PSUs in FY19

As per Budget estimate for 2017-18, the govt expected Rs 67,529.24 crore from central PSUs.

3 Feb 2018 11:12 AM IST

BSNL to use part of its 3G spectrum for 4G services.

BSNL seeks Rs 6,652 crore as equity infusion from govt: Sinha

BSNL will pay balance Rs 7,233 crore of spectrum cost in ten annual installments from its internal accruals.

3 Feb 2018 11:03 AM IST

Vodafone India and Idea Cellular have decided to sell their respective tower businesses in India to ATC Telecom Infrastructure for Rs 7,850 crore. (File Photo)

Telecom sector can attract USD 100 bn investment under NTP 2018

Foreign direct investment in sector during first half of current fiscal has been to tune of USD 6.08 billion.

3 Feb 2018 10:53 AM IST

Inflation based on the Wholesale Price Index was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.

Retail inflation for industrial workers rises to 4 per cent in Dec

Food inflation stood at 4.32 per cent against 3.91 per cent of the previous month.

3 Feb 2018 10:45 AM IST

Railways rethinking on flexi-fares: Piyush Goyal

Goyal said a committee has submitted a report on how to dynamically price the train tickets which would also help...

3 Feb 2018 9:56 AM IST

The government probably fears that if there are no checks and balances, black money will flow into start-ups massively.

Angel tax becoming a bane for start-ups across the country

The controversial angel tax, which was introduced in 2012, is a huge setback for start-ups looking for early-stage ...

3 Feb 2018 3:03 AM IST

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

Finance ministry asks for e-way bill report

e-way bill is an electronic way bill required for movement of goods more than Rs 50,000 in value and can be generated on...

3 Feb 2018 1:16 AM IST

A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

Focus to help strengthen rural infra

CII commends the ability to deliver a popular Budget without becoming populist.

3 Feb 2018 1:16 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex tanks 839 points

Return of LTCG tax wipes out Rs 4.58 lakh crore of investor wealth.

3 Feb 2018 1:15 AM IST

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.

Rs 80,000 crore divestment, 3.3 per cent deficit target achievable:...

Imposition of a 25 per cent corporate tax on MSMEs with turnover of less than Rs 250 crore is yet another step in the...

2 Feb 2018 5:38 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Big corporates cry foul over no tax relief in budget 2018

Jaitley in budget for 2018-19 announced lowering of corporate tax rate to 25 pc for businesses with a turnover of up to...

2 Feb 2018 5:28 PM IST