Industry body CII has sought rationalisation of the dividend distribution tax rate to 10 percent in the upcoming Budget to encourage participation of different stakeholders in the country's financial markets
The consumer price index (CPI) based retail inflation for March 2017 was revised slightly upwards to 3.89 percent, from 3.81 percent recorded previously.
Urjit Patel has a clear understanding of what is going on, said RBI Deputy Governor SS Mundra
The wholesale price index-based inflation was (-)4.05 percent in July. It has been in the negative zone since November 2014.
Stock markets did not seem to approve of everything Prabhu has proposed today.
CII said investment revival measures assume utmost priority.