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Economy

April retail inflation softens to 4.87% but March factory output slowed to 2.1%

April retail inflation softens to 4.87% but…

New Delhi, May 13 (KNN) Retail inflation as measured by Consumer Price Index (CPI) for the month of April softened to a four-month low of 4.87 per cent in…
Cabinet approves proposal to amend law to regulate benami transactions

Cabinet approves proposal to amend law to…

New Delhi, May 13 (KNN) In order to curb generation of domestic black money, the Union Cabinet on Wednesday approved the proposal to amend law to regulate…
17/74 projects with amounts involving Rs 54,056 cr turned NPAs during 2014-15

17/74 projects with amounts involving Rs 54,056…

New Delhi, May 12 (KNN) A total of 17 projects out of 74, with amounts involving Rs 54,056.75 crore, have turned non-performing assets (NPAs) during 2014-15,…
RBI asks banks to appoint Internal Ombudsman to improve customer service

RBI asks banks to appoint Internal Ombudsman…

Mumbai, May 12 (KNN) The Reserve Bank of India (RBI) has asked the leading banks to appoint internal ombudsman to improve the quality of customer service and…
Fresh notices, MAT assessments put on hold for FIIs

Fresh notices, MAT assessments put on hold…

New Delhi, May 12 (KNN) The Central Board of Direct Taxes (CBDT) has said it will not issue any new demands for payments, and will take no coercive action…
Bandhan raises Rs 1,020 crore from GIC, SIDBI, IFC; awaits final licence from RBI

Bandhan raises Rs 1,020 crore from GIC,…

New Delhi, May 11 (KNN) Micro finance institution (MFI) Bandhan has received Rs 1,020 crore as equity from IFC, SIDBI and GIC Sovereign Fund of Singapore.
GST Meet: Empowered Committee wants to review GST in other countries

GST Meet: Empowered Committee wants to review…

Thiruvananthapuram, May 9 (KNN) The empowered committee of state finance ministers on GST will approach the Centre to depute the committee members to visit…
India's mfg and services grew at faster pace than China in April: HSBC

India's mfg and services grew at faster…

New Delhi, May 8 (KNN) India’s manufacturing as well as service sector expanded at a faster pace last month than that of China, even as economic growth…
RBI issues framework to check loan frauds

RBI issues framework to check loan frauds

Mumbai, May 8 (KNN) Concerned over the increased incidents of loan frauds, Reserve Bank of India (RBI) has issued a framework for banks to help them in the…
Goods & Services Tax will add to the GDP: India Inc

Goods & Services Tax will add to…

New Delhi, May 7 (KNN) The industry bodies have hailed the passage of long awaited Goods and Services Tax (Bill) hoping that the GST will positively add to…