Economy

Tax Haven

Mauritius warns tax crooks, promises full support to India

Warning tax 'crooks' of stern action if they try to operate from its soil, Mauritius has promised full support to India in bringing to book any entity trying to indulge in money laundering or round ......read more

Indo-China Ties

India's trade deficit with China set to grow: Chinese analysts

Notwithstanding steps announced by India and China to reduce their trade deficit during Premier Li Keqiang's ongoing visit, Chinese analysts believe the imbalance is likely to keep growing in the sho......read more

Gas Price

Oil Ministry proposes gas price hike to $6.7

Oil Ministry has moved a Cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like Reliance Industries to USD 6.7, less than USD 8-8.5 hike prev......read more

Tax Amnesty

Finance Ministry implements amnesty scheme for service tax defaulters

Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges. The......read more

Rating Downgrade

Standard & Poor's negative outlook on India unfortunate: India Inc

Expressing surprise over Standard & Poor's threat to downgrade India's credit rating, industry bodies have termed the global agency's affirming its negative outlook on the country as unfortunate an......read more

FTA

Canada committed to Free Trade Agreement

Canada has said the negotiations for an ambitious Comprehensive Economic Partnership Agreement with India are progressing "very well" despite delay in early conclusion of bilateral foreign investmen......read more

Power

US paves way for shale gas export to India, despite missing FTA

Opening up the prospects of export of shale gas to energy starved India, the US granted conditional authorization to export domestically produced liquefied natural gas (LNG) to nations that do not hav......read more

MEA to draw a road map to attract more investments

In an effort to push export promotion activities and help the country to arrest export slowdown, the MEA is going to draw a roadmap for Indian Missions abroad in the identified core areas of export an......read more

Economy

Mamata Banerjee's govt gives West Bengal 7.6 per cent GDP growth rate

The West Bengal government led by chief minister Mamata Banerjee has achieved 7.6 per cent GDP growth rate compared to the national average of 4.96 per cent during the last financial year. In industr......read more

Inflation

Inflation in India likely to moderate, says Dun & Bradstreet economy forecast

Headline inflation is expected to moderate till September this year and stay below 5 per cent, largely due to base effect, global research firm Dun & Bradstreet said in a report. According to the Dun......read more

RBI Rate cut

Rate-cut expectations rise after inflation surprise

The unexpectedly sharp fall in Indian wholesale inflation for April has prompted many economists to change their policy rate cut views, according to a Reuters poll on Thursday. In the fresh poll, seve......read more

Indian Economy

Global firms look past India weakness, bet on spending power

Global companies betting on India's potential as a consumer market are looking beyond the worst patch in a decade for Asia's third-largest economy and investing billions of dollars in the country. I......read more

Indian Economy

India's economic growth expected at 5.5-6.5% in 2013: Moody's

Indian economy is expected to pick up and grow in the range of 5.5-6.5 per cent in 2013 even though government steps for new investments have been "relatively small in scope", Moody's said today. C......read more

TAX Indirect tax collection up 3.3% in April

Indirect tax collection in April, the first month of the 2013-14 fiscal, grew by a meagre 3.3 per cent to Rs 33,684 crore with excise duty collection declining 14.7 per cent year-on-year. Customs duty......read more