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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI likely to cut repo rate by 25 bps: Goldman Sachs

The brokerage expects another rate cut by the RBI by 25 bps in the third quarter of 2019.

28 March 2019 8:31 AM IST

Changes in APEDA Act, Essential Commodities Act required to help...

Changes required to help farmers get better prices of their produce, said Niti Aayog CEO Amitabh Kant.

27 March 2019 7:29 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

City gas distribution rights to help oil marketing firms diversify:...

IOC and HPCL won city gas distribution rights in nine geographical areas each last month, and BPCL got rights to two...

27 March 2019 7:08 PM IST

The Mahavitaran company has offered to waive the fine and interest on the electricity charges under the scheme. (Representational image)

Maharashtra says has no dues towards private power producers

MSEDCL says dues reflecting on a government portal are

27 March 2019 6:57 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee settles marginally lower at 68.88 vs US dollar

Sustained foreign fund inflows and easing crude oil prices cushioned the Rupee fall.

27 March 2019 6:37 PM IST

The platform will invest in opportunities in the ports sector, and beyond sea ports into areas such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage.

Commerce min calls meeting of stakeholders on increasing exports to...

Trade deficit with China increased to USD 63.12 billion in 2017-18 from USD 51.11 billion in 2016-17.

27 March 2019 6:30 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

India-US sign pact for exchange of reports to check tax evasion by...

The agreement was signed by Central Board of Direct Taxes Chairman PC Mody and US' ambassador to India Kenneth Juster.

27 March 2019 4:29 PM IST

The authority makes it clear that once the construction is complete and possession is given, section 18 of the MahaRERA Act, which allows interest, ceases to exist.(Representational image)

Realty market to grow in 2019; to add 200 mn sq ft space this yr: CBRE

Affordable housing will drive supply and demand, backed by several government reforms, said the report.

27 March 2019 2:33 PM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

Raghuram Rajan says he will return if there is an opportunity to be of...

Speculation in political circles is that Rajan may be a choice for finance minister if opposition grand alliance wins...

27 March 2019 2:12 PM IST

Steel production

India produces 8.74 MT crude steel in February: Worldsteel

The US produced 6.9 MT of crude steel, a rise of 4.6 per cent as compared with February 2018, the report said.

27 March 2019 1:54 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Positive catalysts to benefit rupee bonds, but sharp rally in 10-year...

FPIs bought a net debt of USD 1.6 billion this month, in addition to USD 4 billion into equities.

27 March 2019 11:12 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI buys USD 5 billion through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

27 March 2019 9:05 AM IST