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RBI To Inject Rs 40,000 crore In November Via OMO

The Reserve Bank of India has announced that it will inject Rs 40,000 crore into the system in November through the purchase of government...

CBDT Releases Direct Tax Statistics: Key Highlights

Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes (CBDT)...

IFC Launches $1 Billion Masala Bond Programme In The US and Europe

IFC, International Finance Corporation, the World Bank’s lending arm, has launched its $1 billion masala bond programme in the US and Europe. These bonds...

GPF Interest Rate Hiked To 8% For October-December Quarter

The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4% points to 8% for the...

WPI Inflation Rises to 5.13% in September

Inflation-based wholesale prices rose to a two-month high of 5.13 percent in September, mainly due to the hardening of food prices and the rise...

Government Cuts Gross Borrowing Estimate For Current Fiscal By Rs 70,000 crore

Economic Affairs Secretary SC Garg has announced a reduction in gross borrowing estimate for the current fiscal by 70,000 crore rupees and maintained that...

Government Recorded More Than Rs. 12,000 crore business on GeM

The National Mission on Government e Marketplace (GeM), was launched by the Minister of Commerce and Industry, Suresh Prabhu, on 5th of September 2018....

Fitch raises India growth forecast to 7.8% this fiscal

Global research agency Fitch has raised India’s growth forecast for the current fiscal to 7.8 per cent from the earlier 7.4 per cent. However,...

No Withholding Tax On Interest Payment Of Masala Bonds

The Central Board of Direct Taxes (CBDT) announced that no withholding tax will apply on interest payments made by an Indian company or a business trust...

Wholesale inflation drops to four-month low of 4.53% in August

Inflation based on wholesale prices eased to a four-month low of 4.53% in August on softening of prices of food articles, especially vegetables. The...

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