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Similarly, NBFCs have also upped their market share to 32 per cent from 27 per cent during the same period.

NBFCs to continue to dominate MSME credit market: report

Overall the formal credit to the MSME sector is seen clipping at 11 per cent each over the next two years.

22 Nov 2017 8:17 PM IST

Urban Development Minister M Venkaiah Naidu. (Photo: PTI)

Need to give push to reforms with human face: Venkaiah Naidu

Fifty six lakh people have joined the ranks of Income Tax payees post exercise by government last year.

22 Nov 2017 8:12 PM IST

The company said the stake sale will be carried out through an offer-for-sale route.

Thomas Cook to sell 5.42 pc in Quess Corp to raise Rs 600 cr

Move is to meet Sebi regulations that require promoters to bring down their stake to 75 per cent.

22 Nov 2017 8:04 PM IST

Govt sets up panel to review income tax laws

In 2016 Finance Minister Arun Jaitley also promised to lower corporate tax rate to 25 per cent in 5 years.

22 Nov 2017 7:55 PM IST

Ram Vilas Paswan (Photo: Biplab Banerjee)

MMTC to import 2,000 tonnes onion to check prices: Paswan

New kharif crop is likely to be lower by 10 per cent as area sown is less by 30 per cent.

22 Nov 2017 7:23 PM IST

Maximum retail price of goods must include the GST component, a high-level panel of state finance ministers has recommended. (Photo: Pixabay)

Telangana to soon come out with Retail Trade Policy: official

Policy is expected to come out in next 2 months and there will be lots of incentives which will be regulatory in nature.

22 Nov 2017 6:58 PM IST

After a short-lived breakout last week, the rupee once again turned shaky and ended lower by 11 paise at 65.04 on fresh bouts of dollar demand. Photo: AP

Rupee slips from 2 week high as crude spurts

Rupee ended marginally lower by 3 paise at 64.92 against US currency due to fresh bouts of dollar.

22 Nov 2017 6:43 PM IST

Indian Finance Minister Arun Jaitley speaks at a event organized by US-India Strategic Partnership Forum and FICCI in Boston (Photo: PTI)

Cabinet approves India's membership for EBRD

EBRD's core operations pertain to private sector development in their countries of operation.

22 Nov 2017 5:08 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Cabinet nods amendments to insolvency and bankruptcy code

The Finance Ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed...

22 Nov 2017 4:57 PM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

April-Oct trade deficit soars 60 pc to $88 billion: report

Current account deficit widening by 40 bps for every 10 per cent increase in crude prices.

22 Nov 2017 4:35 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex rises 83 points to hit two-week high of 33,561.55

The broader Nifty scaled a high of 10,368.70 but finished at 10,342.30, still up 15.40 points, or 0.15 per cent.

22 Nov 2017 4:30 PM IST

Finance Minister Arun Jaitley (Photo: AP)

Cabinet approves setting up 15th Finance Commisison, wage policy for...

The Union Cabinet also agreed to revise the salaries, gratuities, pensions, etc of judges of the Supreme Court and high...

22 Nov 2017 3:40 PM IST