COVID-19 Outbreak: Railways to incur Rs 35,000 to 40,000 crore loss from passenger train services this fiscal
The railways have achieved record loading of foodgrains, 80 percent more than last year, and has introduced timetabled parcel services, the Railway Board chairman said.
RBI likely to follow April-March financial year from 2020-21 to align with Centre; proposal sent to govt for approval
Accordingly, the RBI's April-March financial year system in line with the Central government will be effective from 2020-21 and a proposal in this regard has been forwarded to the government for its nod, said a release.
Finance Ministry seeks input from other ministries for Arun Jaitley's last budget speech before 2019 polls
The Finance Ministry has sought inputs from different central ministries for Arun Jaitley's budget speech, which would be the last budget of the current BJP-led NDA government before the 2019 general polls.
The April-March financial year was adopted in India in 1867 to align it with that of the British government.
Departing from the colonial-era tradition of presenting the Union Budget on the last working day of February, the government on Tuesday finally announced that it will now be presented on 1 February
BlackBerry Ltd's top priority for this year is making its devices business profitable, its chief executive said on Wednesday, even as it weighs the future of its hardware operation.
Finance Minister Arun Jaitley today said Rs 6.23 lakh crore indirect taxes collection target for the current fiscal is a challenging one but efforts are on to achieve the same by taking steps to boost growth.
The Indian government could review restrictions on gold imports, which include a record 10 percent import duty, by the end of this year, Finance Minister P Chidambaram said on Monday.
The last time full-year growth fell below six percent was in 2002-03 when the economy expanded four pe cent. A slump in industrial activity combined with a drought, have dragged on India's performance this fiscal year
India will struggle to meet a fiscal deficit target of 4.6 percent for the fiscal year that ends in March, Finance Minister Pranab Mukherjee said on Wednesday.