22.1 C
India
Monday, April 22, 2019
The Centre has collected more than Rs 550 crore in FY18 from the equalisation levy, MoS for finance Shiv Pratap Shukla said in in Parliament on Tuesday. Currently, a 6% tax is charged on consideration exceeding Rs 1 lakh...
RBI governor Urjit Patel and his deputy Viral Acharya (Express file photo) In a dramatic development that has few precedents, Reserve Bank of India (RBI) governor Urjit Patel stepped down on Monday, heightening the fears that the central bank’s hard-earned...
Experts say that the measure taken with regard to ECB borrowings will help the rupee to gain stability. After the PM Narendra Modi-led government announced a slew of measures to shore up the rupee and control the current...
India saw an impressive growth trajectory of the Aviation Sector with a CAGR (compound annual growth rate) of 12.72% between 2006 and 2018 and proposed Capital Expenditure of Rs. 180 billion over the next four years. The sector has...
Troubled steel maker Impex Metal and Ferro Alloys is set to get a second life with National Company Law Tribunal (NCLT) deciding not to pursue liquidation of the company as being contemplated. In an "exceptional case", as described by...
Aviation authorities in Indonesia and India on Thursday pushed for more simulator training for Boeing Co 737 MAX pilots following the deadly Lion Air crash, while the world's largest planemaker reiterated that its top-selling jetliner was safe. Boeing Chief...
The Reserve Bank of India (RBI) will soon introduce a new Rs 20 currency note with additional features, according to a document of the central bank. The central bank has already issued new look currency notes in the denominations...
India has a money problem: it doesn’t have enough in the market, despite RBI printing more and currency in circulation rising in high double digits. Money creation has slowed down in recent times, possibly due to inefficiency in financial...
In an attempt to bring transparency in political advertisements ahead of general election in India, Twitter Thursday said it will provide a new dashboard showing such expenditures by political parties on its platform. The US-based company is also engaging...
With the country's GDP size increasing in quantitative terms, there could be need for more currency in the economy, a Reserve Bank of India official said Thursday. Following demonetisation in November 2016, when the government junked high value currency...