FINANCE

  • Economic Survey 2014-15: 'Scope for big bang reforms' as growth pegged at 8 per cent for next year 4 hours 20 minutes ago

    New Delhi: Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013. "There is scope for big bang reforms now," said Jaitley...
  • JP Nadda lauds PM, FM on accepting 14th Finance Commission recommendations Yesterday

    New Delhi: Terming it as "historic", Health Minister JP Nadda on Wednesday lauded Prime Minister Narendra Modi and Finance Minister Arun Jaitley for accepting the recommendation of 14th Finance Commission and said long pending demands of states have been met through this decision. "The decision to accept recommendations of the...
  • Gujarat CM Anandiben Patel welcomes move to hike share in central taxes Yesterday

    Ahmedabad: Gujarat Chief Minister Anandiben Patel on Wednesday welcomed Prime Minister Narendra Modi's decision to hike states' share in central taxes, by 10 per cent from 32 per cent to 42 per cent. "The decision with far-reaching consequences would make progressive states like Gujarat stronger in their march towards progress,"...
  • 14th Finance Commission recommendations: Nine states, including Bihar and UP lose Yesterday

    New Delhi: While the Narendra Modi government may be gloating over the 14th Finance Commission's recommendation increasing the share of states in Central taxes to 42 per cent from the current 32 per cent, but the share of nine states has decreased. Andhra Pradesh (including Telangana), Assam, Bihar, Himachal Pradesh, Odisha,...
  • More tax share for states reflects cooperative federalism, says Nirmala Sitharaman 2 days ago

    Terming the decision of the central government to provide states a greater share in its tax revenues as being in the spirit of "cooperative federalism", commerce minister Nirmala Sitharaman said the move would allow states greater freedom to spend as per their needs. "Also the fact that we are putting...
  • Finance Commission for higher share to states in central taxes, Modi says will strengthen federalism 3 days ago

    New Delhi: The Finance Commission has suggested raising share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26...
  • HSBC sees Budget focusing on public investment-led growth 5 days ago

    Mumbai: Finance Minister Arun Jaitley is likely to earmark higher funds for public investments in the Budget to be presented this weekend, taking advantage from the savings he could mop-up from the steep fall in oil import bill in the past few months, says a report. "We expect the main theme...
  • Arun Jaitley asks bank employee unions to withdraw strike call 5 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday appealed to bank employee unions to call off their proposed four-day nationwide strike from February 25 as talks are on for a revision of wages of employees. The Minister said banks are already in negotiations with their unions and associations for wage...
  • Lapse by Finance Ministry: Rs 10 notes printed using defective security threads 1 week ago

    In a huge embarrassment for the previous UPA regime, an internal enquiry report has revealed that during the printing of Indian currency, security features were compromised. The lapses were kept under wraps by senior officials working under the Ministry of Finance. The incident happened in 2012. ...
  • Bullet News: Catch the day's top stories 1 week ago

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay 1 week ago

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Bank note goof-up; currency printed using defective security thread 1 week ago

    In a major security breach that could embarrass the previous Congress-United Progressive Alliance government, an internal enquiry report has revealed that certain security features were allegedly compromised during the printing of Indian currency, and the lapses were kept under wraps by senior officials working under Ministry of Finance. The incident...
  • Major lapses in currency printing kept under wraps, UPA government ignored national security 1 week ago

    In a major security breach that could embarrass the previous Congress-United Progressive Alliance government, an internal enquiry report has revealed that certain security features were allegedly compromised during the printing of Indian currency, and the lapses were kept under wraps by senior officials working under Ministry of Finance. The incident...
  • Stainless steel makers seek higher custom duty from Finance Ministry 1 week ago

    New Delhi: Ahead of the budget, stainless steel firms have asked the Finance Ministry to increase customs duty to 25 per cent from 10 per cent at present to safeguard the interest of domestic firms in view of growing imports. "There is an urgent need to control the growing imports and...
  • Delhi elections: To preempt Smriti Irani, BJP declared Kiran Bedi as CM candidate February 18, 2015

    New Delhi: In order to preempt Union HRD Minister Smriti Irani, former IPS officer Kiran Bedi was projected in a huff as the Bharatiya Janata Party's chief ministerial candidate for the February 7 Delhi Assembly elections. According to sources in the RSS, Prime Minister Narendra Modi was in favour of making...
  • Antidumping duty imposed on imports of graphite electrodes February 16, 2015

    New Delhi: The government has imposed an anti-dumping duty of up to USD 922.03 per tonne on imports of a product used in steel plants, a step to protect the domestic industry from below-cost shipments. The Finance Ministry imposed the import duty on a type of graphite electrodes based on...
  • West Bengal Assembly budget session to start from February 19 February 16, 2015

    Kolkata: The Budget Session of the West Bengal Legislative Assembly will begin on February 19 with Governor K N Tripahi addressing the House, while the state budget will be tabled on February 27. Announcing this in Kolkata on Monday, Speaker Biman Banerjee said the session would continue for at least 11...
  • No slowdown in reforms despite Delhi election defeat: Finance Minister Arun Jaitley February 12, 2015

    New Delhi: There will be no slowdown in reforms despite Delhi election defeat, said Finance Minister Arun Jaitley on Thursday. Speaking to mediapersons a couple of days after the severe drubbing the BJP got at the hands of the Aam Aadmi Party (AAP) in the Delhi Assembly elections, Jaitley said the...
  • PM Modi's first visit to NITI Aayog, emphasises need for cooperative federalism February 6, 2015

    New Delhi: In his first visit to the newly-established NITI Aayog on Friday, Prime Minister Narendra Modi emphasised the need for cooperative federalism and favoured healthy competition for development among states. Interacting with eminent economists at NITI Aayog, the Prime Minister PM favoured healthy competition for development among states. He noted...
  • Delhi elections: Nobody better than Kiran Bedi to lead BJP, says Arun Jaitley February 5, 2015

    New Delhi: Finance Minister Arun Jaitley said on Thursday that nobody was better than Kiran Bedi to lead the BJP in Delhi Assembly elections. He also said the main agenda in the campaign is governance versus anarchy. "Nobody was better than Kiran Bedi to lead BJP in Delhi elections....The primary issue...
  • What would Arvind Kejriwal, IRS have done? February 5, 2015

    Some disillusioned members of the AAP have taken up the case of the party's dubious funding. The AAP is a brilliant propagandist. It claims to wear the label of honesty on its sleeves. It disclosed the names of a large number of corporate entities from whom it received donation by...
  • Finance Minister for tax reforms and quick decisions to ensure stability January 27, 2015

    New Delhi: Ahead of the Budget, Finance Minister Arun Jaitley on Tuesday underlined the need for tax reforms and quick decision making to ensure stability in policy regime. The Minister also asked the Central Board of Excise and Customs (CBEC) officials to maintain certain level of civility with assessees but to...
  • Budget session likely from February 23: Sources January 20, 2015

    New Delhi: According to sources on Tuesday, the Budget session of Parliament is likely to start from February 23. Hopes are high with Finance Minister Arun Jaitley indicating start of second-generation reforms going forward. Jaitley is likely to make significant announcements on key issues such as retro tax, goods and services...
  • Bullet News: Catch the day's top stories January 14, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Zakka Jacob January 14, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: SC pulls up Centre over Ganga clean up January 14, 2015

    The Supreme Court on Wednesday pulled up the Centre on the issue of cleaning of the Ganges and asked for a status report on setting up of sewage treatment plants within six months. ...
  • A rate cut seems to be on the anvil soon: Finance Ministry January 14, 2015

    The Finance Ministry has said that there is no reason why a rate cut cannot happen when RBI reviews policy on February 3. They say slower than expected pace of inflation has given RBI enough elbow room. ...
  • To live up to 4.1 per cent fiscal deficit target for financial year 2015: Arun Jaitley January 10, 2015

    At CNBC-TV18's 10th IBLA (India Business Leadership Awards) Finance Minster, Arun Jaitely spoke about his government's outlook for India in terms of growth, policy initiatives, reforms. During the discussion, Finance Minister said the government intends to live up to 4.1% FY15 fiscal deficit target. ...
  • India @ 9 with Zakka Jacob January 9, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Shootout at Kosher supermarket in southwest Paris, two dead January 9, 2015

    A fresh shooting has been reported inside a Jewsish grocery store in Eastern Paris. At least 2 people are believed to be dead. French media is reporting that several hostages, including women and children are being held inside. Reports say police are in touch with the suspects who claim to...