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The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

India contributing to global growth in financial inclusion: World Bank

Report states that about 51.4 crore accounts have been opened globally from 2014 to 2017.

20 April 2018 10:21 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI minutes: Patel in favour of more data before changing policy...

The flow of funds from non-bank sources to the corporate sector has also been rising.

20 April 2018 9:16 AM IST

State Bank of India, SBI, chairman Rajnish Kumar has replaced Arundhati Bhattacharya. (Photo: PTI)

Time not ripe for large scale privatisation of PSBs: SBI Chief

Privatisation of public sector banks (PSBs) given the current socio-economic conditions in the country.

19 April 2018 3:32 PM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.

RBI to recoup forex reserves despite being put on US watch list:...

According to BofAML forex strategists, rupee is expected to be around Rs 64.25 per USD in December.

19 April 2018 2:45 PM IST

With 304 investments worth about $1 billion, the Information Technology and IT-enabled services industry was most favoured by VC investors during 2016.

India to invest more than 1 billion pounds in UK

According to DIT figures, total trade in goods and services between the UK and India was 18 billion pounds in 2017.

19 April 2018 2:01 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India claims top spot for 2018 growth among major economies: sources

Reserve Bank of India has kept interest rates steady after a 25 basis-point cut to the repo rate in August last year.

19 April 2018 11:43 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

India using 'right policies' to lower high debt level: IMF

India's general government debt remained relatively high, at 70 per cent of the GDP in 2017.

19 April 2018 9:01 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Rise in 1-day defaults worries RBI, defends revised norms

RBI's tough posture comes even as the finance ministry has been pitching for scrapping of this key norm.

19 April 2018 8:56 AM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

Deal with taxpayers courteously: I-T Department to taxman

The city-based Directorate of Taxpayer Services (TPS) issued the directions on April 16.

18 April 2018 1:47 PM IST

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

Normal monsoon may prompt rate cuts by RBI in August: report

RBI is expected to go for a 25 basis points rate cut in key rates in its policy review meet in August.

18 April 2018 1:15 PM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Govt releases Rs 120.92 cr as co-contribution towards APY

Government of India co-contribution is payable only when accounts are regular and the admissible.

18 April 2018 8:39 AM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

NCLT okays Electrosteel's Resolution plan

The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.

18 April 2018 7:22 AM IST