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Indian money in Swiss banks drops to record low

PTI

Falls by nearly one-third to Rs 8,392 crore »

Fiscal deficit hits 43% of full-year Budget Estimate in two months

Our Bureau

Figure stood at 37.5% for same period of last fiscal »

CBDT notifies foreign tax credit rules, corporates to gain

PTI

To provide relief to corporates with income abroad, the Tax Department has notified ‘Foreign Tax Cr... »

Core worries: Infrastructure sector growth slows to 2.8% in May

Our Bureau

Oil and gas sectors drag down growth »

‘India has been resilient to Brexit crisis’

Our Bureau

Praises government’s development agenda »

Policy

GEOFFREY VAN ORDEN, UK Conservative Party Leader

‘Post-Brexit, UK and India can move ahead on the trade deal’

Nayanima Basu

Hopefully EU will allow Britain good access to the common market, says UK Conservative Party leader »

Money & Banking

From today, pre-2005 banknotes can be exchanged only at select RBI offices

Our Bureau

The facility for exchanging pre-2005 banknotes will be available only at select offices of the Rese... »

Economy

JUSTICE AK MATHUR, Chairman, Seventh Central Pay Commission

‘Allowances could add a significant burden on the exchequer’

Pronoynath Banerji

The government has by-and-large accepted the recommendations of the Seventh Central Pay Commission. »

Container digital exchange from July 1

Our Bureau

VO Chidamabaranar Port Trust in Tuticorin and Tuticorin Container Freight Station Association have jointly announced that India’s First Container Digital Exchange (Codex) will go live on July 1.The pl... »

FIEO roadshow on patents, IPR

Our Bureau

The Federation of Indian Export Organisations (FIEO) organised a road show on patents, trademarks and IPR policy in association with Indian Chamber of Commerce and Industry. Vishwanathan Ramalingam... »

Rail freight loading up in June, reverses decline in April-May

Mamuni Das

The Railways has seen 3.7 per cent higher freight loading in the first 27 days of June against last year on account of change in policies brought in. This is a change from the past two months when th... »

CAG to audit crop insurance schemes in nine States

Our Bureau

The Comptroller and Auditor General has decided to conduct a performance audit of agricultural crop insurance schemes to examine the efficacy of crop insurance in providing succour to farmers who suf... »

From today, pre-2005 banknotes can be exchanged only at select RBI offices

Our Bureau

The facility for exchanging pre-2005 banknotes will be available only at select offices of the Reserve Bank of India from July 1, 2016, the central bank said in a statement. The RBI said a major po... »

‘Post-Brexit, UK and India can move ahead on the trade deal’

GEOFFREY VAN ORDEN, UK Conservative Party Leader

Nayanima Basu

Hopefully EU will allow Britain good access to the common market, says UK Conservative Party leader »

I-T Dept warning: Don’t pass off undisclosed assets as income for this year

Our Bureau

The income tax department has warned that tax evaders should not try to pass on their black money as income while filing tax returns for the current fiscal in order to escape payment of penalty under... »

India to rework investment treaties with all partners

Surabhi

India has begun an ambitious exercise to renegotiate all its bilateral investment pacts and replace them with the new Bilateral Investment Treaty (BIT). “We have sent notices to all countries with ... »

Pay panel unlikely to boost consumption in a big way, say analysts

Our Bureau

Global overhang may prove a dampener »

India, US Bilateral Investment Treaty talks to gather momentum

US Secretary of State John Kerry

Nayanima Basu/Surabhi

Discussions hit as US wanted a treaty similar to the FTA India signed with Japan, Korea »

Kamarajar Port plans 2nd marine liquid terminal

Goa Shipyard looks for partners to build anti-mine vessels for navy

TV show on rubber tapping

NCCF to sell chana dal at Rs 60/kg in Delhi

Gayatri Projects bags Rs 306-cr road project

Apex court for one-time cess on big diesel cars

CBEC policies are tax-friendly: FICCI-KPMG survey

CCEA nod for ₹6,000 cr road projects

Centre to give farm exports an organic booster shot

Amiti Sen

In a move that could give a boost to export of agriculture and processed food from the country, India is framing its own organic products policy with clearly prescribed safety standards, traceabilit... »

‘Hybrid Till may increase User Development Fee, hurt flyers’

More travellers In the last five years, passenger traffic in India has
grown 8.6 per cent on average, well above the global average

TE Raja Simhan

The Centre’s decision to bring all airports under Hybrid Till model, under the new civil aviation policy announced last week, could make air travel expensive with a likely rise in User Development Fee... »

How companies stand to gain from the new mineral exploration policy

Clear picture Lower private participation, along with slow ramp-up by
PSU miners, led to supply issues in ore, which have impacted
downstream metal manufacturers

Meera Siva

The days of digging in the dark may be over for the Indian mining sector, once the provisions of the National Mineral Exploration Policy are implemented. The Policy helps gather much-needed geological... »

Brexit may speed up India-UK free trade pact

Naushad Forbes, CII President

Amiti Sen

India Inc is hopeful that Britain’s exit from the European Union (EU) will enable India to enter into a free trade agreement (FTA) with that country more easily. As both countries share a number of... »

In FY16, external debt rose 2.2% to $485.6 b

Dollar-denominated debt continued to be the largest component of India’s external debt with a share of 57.1 per cent SHUTTERSTOCK

Our Bureau

India’s external debt as at end-March 2016 witnessed a 2.2 per cent increase over its March 2015 level, primarily on account of a rise in outstanding Non-Resident Indian (NRI) deposits. In absolute te... »

Clay irrigation system challenging drip method

Rutam Vora

Vidarbha-based firm develops Clay Emitter irrigation system for Gujarat small farmers »

Farming in full swing in AP, T’gana

KV Kurmanath

After nearly three years, Andhra Pradesh and Telangana have been receiving copious rains and agricultural operations are on in full swing. While Andhra Pradesh has reported ‘excess’ rainfall so far, s... »

Rains in June 11% lower than normal

Our Bureau

The South-West monsoon, which arrived late by about eight days this year, has delivered a 11 per cent deficit rainfall for the month of June across the country. The country as a whole received 145.4 m... »

Correct the system to help poor borrowers, says Rajan

RBI Governor Raghuram Rajan

AM JIGEESH

Meets members of Finance Standing Committee »

‘Allowances could add a significant burden on the exchequer’

JUSTICE AK MATHUR, Chairman, Seventh Central Pay Commission

Pronoynath Banerji

The government has by-and-large accepted the recommendations of the Seventh Central Pay Commission. The panel’s chief, Justice AK Mathur, spoke to Bloomberg TV India and admitted that the allowances ... »

GMR Aero finishes Rajinikanth painting on AirAsia aircraft

Kabali fever soars as AirAsia dedicates an aircraft

Jet Airways gets time till December 30 to hold AGM

Mangaluru airport revenues up 27%

AirAsia decks up aircraft in 'Kabali' livery

Pay panel bonanza seen driving consumption-led growth

Retailers want States to adopt Bill allowing 24x7 operations


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