To justify a rate cut this year, the RBI would likely need more comfort on consumer prices, either through a slump in food costs or an easing of core inflation, which has stayed at around 5 percent for several months.
Rising interest rate in the US provides sufficient indication that benchmark policy rate of the Reserve Bank of India is not going to go down but may increase in the future depending on domestic and external factors, experts said.
Loan waiver isn’t the solution for farmer issues; there are many things the governments can do
A taxpayer will always have the option of coming out of the e-proceeding system at any point of time and go for the manual mode.
The platform aims to create awareness and spell out the ground realities, in terms of issues, opportunities and drawing the natural resources dividend.
The SC verdict had come on a Public Interest Litigation (PIL) alleging that nearly 1.42 lakh people died per year in road mishaps and the drunken driving is a major contributor.
In this difficult situation, the central government cannot be a silent spectator and should come forward to extend help to the state government to share the burden, the court said.
The warning came as the government began accepting employers' H-1B visa petitions for the next fiscal year beginning 1 October, 2017.
The revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.
The borrowers are likely to benefit from the merger as the loan rates of associate banks are expected to align with SBI's
The ruling reverses the US' more than decades and a half old guidelines, that were issued in the context of addressing the new millennium needs.
Main reason for the downward trend in cash withdrawals in March appears to be that there is simply not enough lower denomination notes available in the banking system (one likely reason why the RBI is now thinking of introducing Rs 200 notes) to fill the ATMs
"The discounts and incentives on vehicles sold till 31 March, 2017, are expected to have cost them about Rs 1,200 crore. Additionally, Rs 1,300 crore would be incurred to dispose of the unsold inventory," Crisil Research said.
SBI gaining global size is a good thing for Indian banking sector in relation to the global industry. But as the trade unions caution, does the decision creates a bigger risk?
In a 223-page FAQ on Goods and Services Tax (GST), the CBEC said other offences under the act are non-cognizable and bailable.
The government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.
March is the third straight month in which manufacturing sector improved after the demonetisation-induced contraction at the end of 2016.
Still, the salary is much lower than the top executives of various banks regulated by the RBI.
Failure to maintain a monthly average balance of Rs 5,000 in metro branch accounts will attract penalty of up to Rs 100 plus service tax
Commenting on the data, rating agency ICRA said: "We expect the IIP to post a subdued volume growth in February 2017."
Justifying slashing of interest rate on small saving instruments like PPF, Finance Minister Arun Jaitley today said interest rates in India are "extraordinarily" high and the country risks becoming the most sluggish economy if lending rates continue to rule high.
"I think in the next two decades, at least I see India's hands full in trying to expand this infrastructure and get rid of deficit that existed in India," Jaitley said.
Surely, you cannot have a country where one section of people can make money from agriculture, while another (significantly larger) section cannot
The deadline to exchange the notes for people other than NRIs had ended on 31 December itself
Beyond cosmetic changes, Modi-government has so far failed to make meaningful improvement in transparency when it comes to political funding.
The fraud was first reported in the media last week after a few arrests in Maharashtra, but the total amount transferred was under Rs 2 crore.
Over 300 smart and high definition CCTV cameras have been deployed at these airports and the length of rollers at the baggage checking X-ray machines has been increased
Scrapping a colonial-era tradition of presenting the Budget at the end of February, Finance Minister Arun Jaitley for the first time in the history of independent India has presented the annual accounts on 1 February.
The Lok Sabha rejected the Rajya Sabha amendments by a voice vote, thus passing the Finance Bill 2017 and completing the budgetary exercise for 2017-18.
There are as many as 22 million small and medium farmers from SC/ST and other backward communities involved in the state's meat and related industries