Emerging Debt Swelled $1.6 Trillion In 2015, Poses Risks: Report

Emerging Debt Swelled $1.6 Trillion In 2015, Poses Risks: Report

London: Total debt in emerging markets grew by dollar 1.6 trillion in 2015 to more than dollar 62 trillion, the Institute of International Finance said on Wednesday, warning that higher indebtedness raised repayment risks and endangered future economic growth. The...
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Finance Ministry Body Recommends Steel Import Duties

Finance Ministry Body Recommends Steel Import Duties

New Delhi: An arm of the Finance Ministry has recommended maintaining import duties on some steel products until March 2018, a government document showed on Wednesday, in a move to support the local steel industry and protect mills from cheaper...
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Difficult To Accept Congress Demand To Cap GST Rate, Says Arun Jaitley

Difficult To Accept Congress Demand To Cap GST Rate, Says Arun Jaitley

  New Delhi: Finance Minister Arun Jaitley said on Thursday that it would be difficult to accept the opposition Congress party’s demand to cap goods and services tax (GST) rate in a constitution amendment bill stuck in parliament. The proposed...
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Tough To Achieve Double-digit Growth Given Global Headwinds: Arun Jaitley

Tough To Achieve Double-digit Growth Given Global Headwinds: Arun Jaitley

New Delhi: Asserting that its “extremely difficult to achieve double-digit growth in the current global environment, Finance Minister Arun Jaitley on Thursday said there is a scope for improvement from the current rate if reforms are carried on. “I...
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Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Singapore: Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place....
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Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

New Delhi: Government has collected Rs 5,54,179 crore from direct tax as on February 29 and Rs 5,69,056 crore from indirect tax as on January 31 this fiscal, Parliament was informed today. According to revised estimate, Rs 7.52 lakh crore...
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