Nirmala Sitharaman held a meeting to discuss about enhancing domestic manufacturing and Make in India scheme.
Equity benchmarks BSE Sensex and NSE Nifty rallied over 3 per cent after Finance Minister Nirmala Sitharaman on Friday, September 20 proposed to slash corporate tax for domestic and new local manufacturing companies. BSE Sensex reads 11,053.30 (+348.50) registering a surge of 3.26%, while the NSE index is up by[Read More…]
Nirmala Sitharaman said that the government is proposing to slash the corporate tax rate for domestic manufacturing companies.
The savings deposits with Indian banks stood at Rs 35.99 lakh crore in 2017-18, the Reserve Bank of India (RBI) said, while it stood at Rs 55,896 crore for foreign banks in the same fiscal.
Reforming FDI policy is a continuous process which is done after considerable stakeholder consultations. Recently, in a cabinet meeting chaired by Prime Minister Narendra Modi several changes have been made in the FDI Policy.
In 2012, Pranab Mukherjee, proposed to amend Income-Tax Act, 1961 with retrospective effect to tax Vodafone-type merger.
Finance Minister Nirmala Sitharaman in a press conference on Tuesday said that the government is fully aware of the ongoing slowdown in the automobile sector and is taking measures to revive the growth. Citing the reasons for sluggish growth in auto sales, Sitharaman said slowdown is not just because of a[Read More…]
The Sensex witnessed a fall of 5.96 (2,357 points) since the BJP came into power with a resounding mandate.
India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs to negative from stable. The agency has maintained its negative outlook on large ticket HFCs.
According to the report, following demonetisation, earnings in the Micro Small and Medium Enterprises have specifically dropped, contributing to the phenomenon.
Kant was congratulating the 30 recipients of the Ratti Chhatr scholarship, sponsored by Panasonic India.
Farm owners recently took out a rally and urged the state government to take steps to save the farms.
Nearly 68 per cent Indians also feel that the traditional parties and politicians do not care about them, revealed the global survey by market research firm Ipsos.
The overall forex reserves declined to $429.05 billion from $430.50 billion reported for the week ended August 16
This is the fourth successive decline in the GDP growth rate.
The complete list of Bank Mergers as announced by the Finance Minister
“Financial sector and banks are the focus of today’s announcements,” says Finance Minister Nirmala Sitharaman.
The decision will be applicable in air-conditioned executive class and chair cars of trains like Shatabdi Express, Gatiman Express, Tejas Express, Double Decker and Intercity Express.