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Mumbai:  RBI Governor Urjit Patel during a press conference after monetary policy review meeting in Mumbai on Wednesday. PTI Photo by Shashank Parade (PTI2_8_2017_000191B)

It’s important one grows a thick skin fast, says RBI Governor

NEW DELHI: Unfazed by criticism of the way the note ban was handled, Reserve Bank of India (RBI) Governor Urjit Patel on Friday said the central bank has grown a… Read more »

demonetisation-impacts-pepsicos-india-business-in-q4nooyi

Demonetization impacts PepsiCo’s India business: Nooyi

NEW YORK: The demonetization drive in India had a “significant impact” on PepsiCo’s business in the country in the last quarter of 2016 and there are still “lingering effects” of… Read more »

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Pay income tax, apply for PAN using mobile app

NEW DELHI: In step with government’s digital India drive, the Income Tax department is developing an app that will soon allow assessees to pay taxes or apply for PAN using… Read more »

reliance-defense-signs-warship-repair-pact-with-us-navy

Reliance Defense signs warship repair pact with US Navy

NEW DELHI: Months after India and US signed a key logistics pact, Reliance Defense and Engineering has announced an agreement with the American Navy for repair and alteration services for… Read more »

Satya Nadella

Nadella stresses ‘diversity and inclusion’

NEW YORK: Microsoft has to “look like everyone and every organization in the world” for it to accomplish its mission, the technology giant’s Indian-born CEO Satya Nadella has said, asserting… Read more »

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‘US firms going abroad can’t fire everybody’

WASHINGTON: President Donald Trump has warned of “consequences” to American companies planning to shift base abroad, telling them that he would make it “harder” for them to just say “bye-bye… Read more »

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Chidambaram asks for cut in indirect taxes

NEW DELHI: Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is “aimless and directionless”, says the government should immediately cut indirect taxes across the board to… Read more »

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Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

NEW DELHI:¬†Government’s revenue collection from indirect tax grew by an impressive 23.9 per cent during the April-January period, while that from direct tax rose by 10.79 per cent. Total direct… Read more »

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‘India will be world’s fastest growing economy in next 5 yrs’

WASHINGTON: India will be the world’s fastest growing economy during the next five years, a top US intelligence think-tank has said while underlining that Pakistan, unable to match India’s economic… Read more »

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RBI cuts FY17 growth forecast to 6.9%, pegs 7.4% for next yr

NEW DELHI: RBI Governor Urjit Patel today cut the economic growth forecast to 6.9 per cent for the current fiscal from 7.1 per cent estimated earlier, even as he said… Read more »

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RBI to set up panel on strengthening cyber security

MUMBAI: In a bid to strengthen cyber security system, the Reserve Bank (RBI) today decided to set up an inter-disciplinary panel on cyber security to examine various threats and suggest… Read more »

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RBI to set up separate Enforcement Department

MUMBAI: The Reserve Bank on Wednesday said it will set up a separate Enforcement Department beginning next fiscal to deal with non-compliance of various regulations of the central bank. “With… Read more »

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Budget softens demonetization blow

NEW DELHI: Softening the demonetization blow, the Budget for 2017-18 today halved the tax to 5 per cent on incomes up to Rs 5 lakh but proposed a new surcharge… Read more »

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Ban on cash transfer over Rs 3L good: SIT

NEW DELHI: The SIT on black money today hailed Finance Minister Arun Jaitley’s budget announcement to limit cash transactions at Rs 3 lakh but said its other recommendation to cap… Read more »

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Budget presentation: FM has bumpy start but smooth sail later

DELHI: It was a bumpy start for Finance Minister Arun Jaitley when he came to Lok Sabha today to present the Budget for 2017-18, with some Opposition parties seeking its… Read more »

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Cash donation to parties capped at Rs 2k, poll bonds proposed

NEW DELHI: In order to cleanse the political funding system and check black money, Finance Minister Arun Jaitley today proposed to restrict cash donations to political parties from individuals to… Read more »

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Anomalies in RBI rules for NRIs depositing demonetized notes

India-based Rajesh Dhruva is a Chartered Accountant who has been advising Overseas Indians in matters related to Foreign Exchange Management Act, 1999 (FEMA), Indian and International Tax for more than… Read more »

Satya Nadella

US tech industry condemns immigration ban

WASHINGTON: Silicon Valley’s top executives, including India-born CEOs Google’s Sundar Pichai and Microsoft’s Satya Nadella, condemned President Donald Trump’s immigration ban on people from seven Muslim-majority countries, voicing concern that… Read more »

The Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman at the NDTV World Economic Forum, at Davos, in Switzerland on January 19, 2017.

WEF concerned over automation & future of globalization

DAVOS: As the five-day talkathon of global elite wrapped up in freezing cold climes of Swiss Alps here, world leaders foresaw a new normal for globalization with a lot more… Read more »

Uday Kotak

‘India a bright star in ‘sober’ global outlook’

DAVOS: As uncertainty grips the global economic outlook, ace banker Uday Kotak has said India has an opportunity to be a “bright star” in such a “sober” scenario and the… Read more »