Lauding the progress achieved so far on GST implementation, Finance Minister Arun Jaitley Tuesday exuded confidence that it is "reasonably possible" to meet the April 1 deadline to roll out the new indirect tax regime.
Stressing the need for investment to pick up in the infrastructure sector, Finance Minister Arun Jaitley here on Tuesday said the deficit in the sector was still "very large".
New Delhi: Rating agency Moody's has upgraded the country's largest automaker Tata Motors' rating by a notch on account of continued strong performance of its British arm Jaguar Land Rover (JLR) and improvement in the company's domestic business.
Even as India plans to review the Most Favoured Nation status in trade granted to Pakistan, India Inc said that MFN has made no difference to the "abysmally low" level of bilateral trade.
India's economy will remain on a strong growth path this fiscal and clock a growth of 7.4 percent aided by implementation of key structural reforms, robust consumer demand and higher agricultural output driven by a good monsoon, predicted an ADB study.
People with undisclosed assets can escape prosecution by coming clean under the Income Disclosure Scheme (IDS).
ADB maintained its growth forecast for India at 7.4 percent for 2016 and 7.8 percent for 2017, with improvements driven by a recovery in private investment and bank reforms.
The 2-day BRICS Labour and Employment Ministerial meeting will commence on Tuesday but the Central Trade Unions (CTUs) have decided to boycott the event.
An inter-ministerial panel today approved 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore.
In less than a week after the first meeting of the GST Council, the tax department came out with three draft rules and their formats relating to registration, invoice and payments which would be finalised by week-end.
India's petroleum consumption will grow at 6 percent in 2017-18, double the rate at which fuel demand in China is projected to grow, Moody's Investors Service said.
India is likely to import up to 2 million tonne (MT) wheat in the current fiscal after the customs duty cut on the grain to boost domestic supply and check prices, according to flour millers.
Railway Minister Suresh Prabhu inaugurated six major Railway projects in Kerala including the dedication of the newly-built 9.6-km long Tiruvalla-Chengannur double line which would ease the heavy rail traffic congestion in the Ernakulam-Kottayam-Kayamkulam section.
As the GST rollout plans gathers momentum, life insurers sought exemption from the new taxation regime on premium income, while general insurers have demanded differential rates for their products.
Global brokerage UBS has taken a contrarian line to the general view that the 7th Pay panel award would boost demand, saying the move is expected to drive savings more than consumption.
Ahead of the festive season, railway employees are likely to get 78-day wages as bonus this year, the same as in the last four years despite the financial crunch.
Positive global and domestic cues marginally lifted the Indian equity markets during the week ended Friday.
A special 2G court on Saturday issued open warrants of arrest against Malaysian nationals T Ananda Krishnan and Augustus Ralph Marshall, who are accused in Aircel-Maxis deal case along with former Telecom Minister Dayanidhi Maran and his brother Kalanithi.
Noted molecular biologist Pushpa M. Bhargava on Saturday said the commercial cultivation of Genetically Modified (GM) mustard would be "disastrous" as it would eventually open the doors for multinational corporations to control India`s agriculture.