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Chinese President Xi Jinping, (bottom left) and Premier Li Keqiang,(bottom right), and delegates stand during the singing of the Chinese national anthem at the opening session of the National People's Congress at the Great Hall of the People in Beijing on Thursday.
AP
Chinese President Xi Jinping, (bottom left) and Premier Li Keqiang,(bottom right), and delegates stand during the singing of the Chinese national anthem at the opening session of the National People's Congress at the Great Hall of the People in Beijing on Thursday.

China scales down growth guidance to reset economy

China has decided to scale down its 2015 growth rate target to 7 per cent as part of an effort to gradually reset its economy along a sustainable, eco-friendly and corruption free path. I... »

Investors rue absence of triple E status for NPS

Additional tax sop and attractive returns will help rope in more investors. »

10.6% jump in direct tax collections

Collections from direct taxes rose by 10.67 per cent to Rs.6.12 lakh crore in the first 11 months of the current financial year in line with the revised budget projections. During the Apr... »
NEW DELHI, March 5, 2015

Spectrum auction gets bids worth Rs.65,000 cr at end of Day 2

Day Two of the e-auction of radio frequency spectrum, or airwaves, for telecom services saw bids placed for all the four frequencies on the block, with the eight companies in the fray making an of... »
Gold recycling is expected to remain at low levels in 2015 too. Photo: P.V. Sivakumar
New Delhi, March 5, 2015

Global gold recycling fell to 7-year low in 2014: Report

Gold recycling fell to a seven-year low in 2014 and is expected to remain at low levels in 2015, according to a report.Titled The Ups and Downs of Gold Recycling: Understanding Market Dr... »
Unchecked inflation would have a greater chance of hurting growth, Moody’s cautioned.
New Delhi, March 5, 2015

Inflation targeting ‘credit positive’ for India: Moody’s

In a major boost to India’s sovereign outlook, Moody’s on Thursday said the new ‘inflation targeting’ mechanism is a “credit positive” move and it would make RBI’s monetary policy tools much more... »
New Delhi, March 5, 2015

RBI to put Re. 1 note into circulation

One-rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades. “The Reserve Bank of India will soon... »
NEW DELHI, March 4, 2015

A boost to economy: Sinha

Expecting a near-term boost to economy from the Reserve Bank of India’s rate cut, Minister of State for Finance Jayant Sinha on Wednesday said the decision should bring down the loan EMIs... »
CHENNAI/NEW DELHI, March 4, 2015

RBI move will ease your EMI burden

Signalling that it is on the same page with the government, the Reserve Bank of India, on Wednesday, cut the repo rate by 25 basis points to 7.5 per cent. The repo rate is the rate at whi... »
MUMBAI/CHENNAI, March 4, 2015

Bankers mull cut in lending rates

In a cheer for borrowers, banks are likely to reduce their lending rates following a 25 basis point reduction in the repo rate by RBI. The rate cut is expected to have a positive impact, especiall... »
The auction is the biggest ever sale of 2G and 3G airwaves which may fetch the government over Rs. 82,000 crore.
New Delhi, March 4, 2015

Spectrum auction begins; govt eyes over Rs. 80,000 crore revenue

The much awaited spectrum auction, wherein 8 companies are bidding to acquire airwaves in four bands, started on Wednesday.The auction is the biggest ever sale of 2G and 3G airwaves which m... »
The Reserve Bank of India had lowered interest rates by 25 bps on January 15.
Chennai, March 4, 2015

RBI cuts interest rate by 25 basis points

In a surprise move, the Reserve Bank of India has cut the key policy rate by 25 basis points, setting the tone for a reduction in lending rates by banks. This will prod banks to drop interest rate... »
New Delhi, March 4, 2015
Exclusive

Jaitley goes against his Ministry, backs States

Prime Minister Narendra Modi wrote to the Chief Ministers last Tuesday that his government had ‘wholeheartedly’ accepted the 14th Finance Commission’s recommendation to increase the States’ share... »

Battle for airwaves

More money in rural consumers’ hands

Pact binds RBI to inflation target

Car makers see improved sales in February

Public debt not a problem yet for India, says Rajan

Fiscal deficit at Rs 5.68 lk cr, breaches budget estimates

Govt regularly monitoring coal production: Goyal

Budget shows commitment to keep fiscal deficit low: S&P

When expectations are high ...

Akhila Srinivasan, Arundhati Bhattacharya, Chanda Kochhar. File photos
CHENNAI, March 5, 2015

Six Indian women make it to Forbes list

Six Indians find place in Forbes top-50 list of ‘Asia’s Power Businesswomen 2015’. A businesswoman from Chennai too figures in this illustrious list. Akhila Srinivasan, Managing Director, Sh... »
Money losing sugar mills will get an incentive of Rs. 4000 a tonne. Photo: K.K. Mustafa
NEW DELHI, March 5, 2015

Centre issues official order for raw sugar export incentive

The government today notified fixed subsidy of Rs. 4,000 a tonne for export of up to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year (October—September). Last month,... »
The government is expecting about Rs. 1 lakh crore from the auction.
New Delhi, March 5, 2015

Spectrum auction resumes with bidding in all four bands

The spectrum auction resumed on Thursday with seven rounds of bidding for all four bands by telecom operators in first few hours, after bids worth over Rs. 60,000 crore on first day on Wednesday.<... »
The auction is the biggest ever sale of 2G and 3G airwaves. Photo: V.V. Krishnan
NEW DELHI, March 5, 2015

Telecom auction gets Rs.60,000 crore bids on the first day

The biggest ever auction of 2G and 3G airwaves on Wednesday began on a high note with operators making bids worth an estimated Rs.60,000 crore after six rounds of bidding in all four bands. <... »
Mumbai, March 4, 2015

Repo rate cut: A signal to banks

After cutting the repo rate by 25 bps in a surprise inter—meeting monetary policy, Reserve Bank Governor Raghuram Rajan said he sees banks passing on the benefit of lower rates regime to customers... »
File photo shows the Federal Reserve headquarters in Washington.
WASHINGTON, March 4, 2015

Conflicting central bank policies: A complication for the Fed

The world’s central banks are injecting a new complication into the Federal Reserve’s decision on when to raise interest rates from record lows. They’re cutting their own rates. Last weekend, Chin... »
New Delhi, March 4, 2015

There is room for further cuts: MoS Jayant Sinha

Expecting a near-term boost to economy from RBI’s rate cut, Minister of State for Finance Jayant Sinha today said the decision should bring down the loan EMIs significantly and there is room for f... »
NEW DELHI, March 4, 2015

Rate cut good for economy: Arvind Subramanian

The Union government welcomed a surprise interest rate cut on Wednesday as good news for the economy that would not pose any inflationary risks.Both the rate cut and last weekend's annual b... »
New Delhi, March 4, 2015

Centre to compensate States suffering losses

A senior Government official told The Hindu that the Centre was planning to make up with plan funds transfers the losses States such as Assam and Bihar suffered on account of the altered cr... »
MUMBAI, March 4, 2015

Moody’s downgrades Central Bank, IOB on low govt funding

Rating agency Moody’s on Tuesday downgraded Central Bank of India and Indian Overseas Bank’s local and foreign currency deposit ratings, anticipating low level of support from the government to th... »

Tax on premature PF withdrawal

Centre to amend RBI Act to set up monetary policy panel

Clean energy sector seeks more clarity

Core sector growth slows to 1.8 % in January

RBI panel widens scope for priority sector lending

India will meet Rs 7 lakh crore income tax target this fiscal

India overhauls monetary policy using inflation targets

Low profit-high tax anomaly to go

Commodity prices

Take a look at the prices of various commodities in Chennai here»