In monetary policy rejig, India moves to inflation targeting

Shishir Sinha

Central bank, govt sign pact on inflation targeting »

Ola hails TaxiForSure for ₹1,200 cr

Our Bureau

Ola on Monday bought rival TaxiForSure for $200 million (₹1,200 crore) in a cash-and-stock deal... »

Core sector growth slows to 13-month low of 1.8% in January


Growth in eight core industries slowed down to 1.8 per cent in January, the lowest in at least 1... »

Centre sets rules to raise FDI cap in insurance to 49%

Our Bureau

Move follows promulgation of Ordinance hiking the limit in December »

Manufacturing PMI slows to 5-month low of 51.2 in Feb


India’s manufacturing activity expanded at its slowest pace in five months in February as a slow... »

Indian rice exports to plunge as Thailand offloads stocks

A Thai farmer loads paddy onto a truck.


India's rice exports will struggle to compete with cheaper cargoes from No.1 seller Thailand in... »





The ever expanding debt bubbles of China and India

Up and away An Asian meltdown is in store? SNAPGALLERIA/SHUTTERSTOCK.COM The rapid expansion of debt in many Asian economies eerily resembles the debt boom in developed economies that eventually came unstuck during the global financial crisis »



All you wanted to know about: JAM Trinity

As catchy acronyms go, it lacks a certain something. But the JAM Trinity holds the key to one of... »


A paradigm shift

Inflation targeting is now the official cornerstone of the RBI’s monetary policy. But the Centre will also have to do its bit »


Defence – where Make in India matters

A class apart They deserve the best in class equipment


The leadership of the armed forces is in capable hands, but we also need to be technologically self-reliant »

Black is black

KR Srivats

The Budget talks about a benami law. But we’ve heard this before »



Short-term outlook bullish for MCX-Gold

Gurumurthy K

The gold futures contract traded on the Multi Commodity Exchange (MCX) has risen sharply... »

Today's Pick

PG Electroplast (₹115.2)

Yoganand D, BL Research Bureau

The stock of PG Electroplast gained 8.8 per cent with good volume on Monday. This rally has help... »  



Palm oil to test resistance, dip

Gnanasekaar T

Malaysian palm oil futures on the Bursa Malaysia Derivatives ended sharply higher on Monday... »


PM takes lunch in Parliament canteen, pays Rs 29 for ‘thali’


Prime Minister Narendra Modi Prime Minister Narendra Modi today surprised some MPs having lunch in Parliament’s canteen as he... »
More News »


Centre sets rules to raise FDI cap in insurance to 49%

Our Bureau

Move follows promulgation of Ordinance hiking the limit in December »
More Banking »


Wheat, mustard, chana output likely to be hit by unseasonal rain

Vishwanath Kulkarni

Jowar crop damaged by heavy rains and high-speed winds in Chincholi taluk of Karnataka on Saturday night. The unexpected heavy rainfall across the northern parts of the country in the past couple of day... »
More Agri-biz »


Google to rank websites based on facts not links


Google plans to rank websites on its search engine based on factual accuracy, a move that will p... »


Govt brings more sectors under priority sector lending

Shishir Sinha

Loans of up to Rs 10 crore to renewable energy will get priority sector tag The Government has proposed to bring more sectors such as medium enterprises and renewable energ... »


Samsung unveils sleek new Galaxy S6 phones


A hostess displays the Galaxy S6 edge (L) and Galaxy S6 smartphones at the Samsung Galaxy Unpacked event before the Mobile World Congress in Barcelona on Monday. Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made f... »


Tata Motors rides on new models, sales up 14% in Feb

Our Bureaus

Tata Motors thanks to its new cars – Zest and Bolt – posted robust growth in sales in Feb... »
More Companies »


Manufacturing PMI slows to 5-month low of 51.2 in Feb


India’s manufacturing activity expanded at its slowest pace in five months in February as a slow... »
More Economy »


Dalmiya returns as BCCI President, Anurag Thakur new Secretary

Our Bureau

The BCCI AGM has generated a lot of interest and a huge media contingent was at hand to cover the meeting in Chennai‎ on Monday. Jagmohan Dalmiya is the new President of the Board of Control for Cricket in India. He was elect... »
More Sports »

Real Estate

Akshaya in JV to develop Chennai’s Shanthi theatre

Our Bureau

A file picture of Shanti theatre. The five-decades-old Shanthi Theatre, a land mark property owned by the family of the late thesp... »


Congress replaces PCC presidents in five states

Our Bureau

The new chief in Maharashtra, Ashok Chavan Relenting to the pressure tactics of its Vice-President Rahul Gandhi, the Congress replaced five... »

Social Media

Selfie culture here to stay: experts


As many as 85 per cent respondents in a new survey said they post a selfie once a week on soc... »

BL Ink


Eyes wide open

Vidya Ram

Cradle to grave: The National Health Service of Britain is not flawless, but it has helped millions of lives Indian doctors have always played a major role in the National Health Service of the UK. But their story is equally about assimilation and success as it is about compromise and bias »
Today's Poll
Is the demand for Kejriwal’s removal as party chief justified?
Can't Say

Budget 2015 highlights

  • Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament today:
  • No change in personal Income Tax * Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000
  • Transport allowance exemption hiked to Rs 1,600, from Rs 800 per month
  • Additional 2% surcharge on people earning over Rs 1 cr; to fetch Rs 9,000 cr
  • Wealth tax abolished
  • Direct Taxes Code (DTC) dropped
  • Rs 50,000 deduction for contribution to New Pension Scheme
  • To lower Corporate Tax to 25% over next four years
  • GAAR implementation deferred by 2 years to April 2017
  • Service Tax rate hiked to 14%, from 12.36%
  • Tax free bonds for roads, railways, irrigation projects
  • 2015—16 growth between 8—8.5%, double digit growth feasible
  • Retail inflation close to 5% by March, room for monetary policy easing
  • To achieve fiscal deficit of 3% of GDP by 2017—18
  • Fiscal Deficit target 3.9% in 2015—16, 3.5% in 2016—17
  • Revenue Deficit to be 2.8% in 2015—16
  • Current Account Deficit for 2014—15 to be below 1.3% of GDP
  • To introduce comprehensive law to deal with black money
  • Benami property transaction bill to tackle black money transaction in real estate soon
  • 100% deduction for contribution to Swachh Bharat, Clean Ganga projects
  • GST to be put in place by April 1, 2016
  • Internationally competitive direct tax regime to be put in place to incentivise saving
  • Incentivise use of credit, debit cards; disincentivise cash transaction to curb black money.
  • The Finance Minister has covered good ground, but more needs to be done »

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