HSBC sees India’s GDP growth at 6.9% in FY’14

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In a much-needed relief to the Indian policymakers, upset with the spate of growth downgrade by various leading investment banks and rating agencies, HSBC said that Asia’s third largest economy could grow by 5.7 per cent this

Govt to form two committees to remove GST hurdles: FM

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India has finally moved a step ahead to bring in much-awaited Goods and Service Tax (GST), which will empower the Centre and states to simultaneously tax supply of goods and services, as finance minister P Chidambaram announced that

Cabinet approves 10% divestment in HAL

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Post deferring the divestment of 12.5 per cent stake in NALCO, the cabinet has approved selling of 10 per cent stake in Hindustan Aeronautics (HAL), but only in the next fiscal. The government is expecting to raise at least Rs 2500

Govt plans austerity measures to rein in fiscal deficit

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Conscious of the fact that Indian economy has been going through a rough patch, the government has now decided to review the budgeted expenditure at each ministry to rein in the fiscal deficit, said a media report adding that those

FY’13 growth may hit decade low: FM

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The finance minister P Chidambaram has said that India’s GDP growth could slip to as low as 5.5 per cent in the current fiscal, signaling that Asia’s third largest economy may grow at decade low level despite slew of ref

LIC may buy stakes in PSUs, if found worth: DK Mehrotra

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Life Insurance Corporation of India’s (LIC) chairman DK Mehrotra, on Monday, said that the company has not been approached by PSUs to buy stake in them during their disinvestment programme and it will buy stake only if it foun

Cabinet likely to approve provision to provide fully-filled gas cylinders to ration card holders

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The cabinet is likely to approve the proposal to provide ration card holders using kerosene stoves with fully-filled gas cylinders. The proposal, estimated to cost around Rs 14.22 crore, comes following the scheme designed to reduce the dependency on the kerosene.

“Now, it has been decided that the Government would not give empty cyli