Search Results for: GST rates

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Congress releases manifesto for Delhi polls, promises cheaper power

New Delhi, Jan 23 (ANI): Congress party on Friday released its manifesto for the upcoming polls in Delhi. DPCC Chief Arvinder Singh Lovely and senior leaders Ajay Maken and PC Chacko were also present there. Lovely said that Congress has made only those promises in the manifesto which it can fulfil. He added that if Congress comes to power it will reduce the rates for electricity supply to the residents of Delhi. Ajay Maken said that Congress will fulfil all the promises which it has made in the manifesto. Jan 23, 2015
World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit. Jan 17, 2015

PM Modi says committed to meeting budget deficit goal

New Delhi, Jan 17 (ANI): Prime Minister Narendra Modi has said that he is committed to meeting this year's budget deficit target, welcoming a cut in interest rates by the Reserve Bank of India (RBI) on the back of falling inflation. In a speech, Modi said his government would cut wasteful spending, streamline the payment of welfare benefits and raise investment in roads and railways to boost economic growth in Asia's third-largest economy. Modi's comments signalled his assent to RBI Governor Raghuram Rajan's call for "sustained high quality fiscal consolidation" as a condition for further monetary easing after a surprise quarter-point cut on Thursday. The 64-year-old prime minister said it would be difficult to revive economic growth but promised to deliver incremental reforms. Jan 17, 2015
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Petrol price cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre

New Delhi, Jan 16 (ANI): Oil marketing companies on Friday cut petrol prices by Rs 2.42 while it cut diesel price by Rs 2.25 per litre. Meanwhile, the government raised the excise duties on petrol and diesel by Rs 2 a litre. Retail pump rates will remain unchanged as the increase in excise duty neutralises the cut in petrol and diesel prices warranted from crude oil price slumping to about USD 46 per barrel. The increase, the fourth since Prime Minister Narendra Modi lifted diesel price controls in October' seeks to cash in on lower world oil prices to bolster strained government finances without stoking inflation. The Finance Ministry notification said the excise duty hike will be effective from midnight tonight. Jan 16, 2015

Finance Minister welcomes RBI rate cut as inflation drops

New Delhi, Jan 15 (ANI): The finance ministry welcomed an inter-meeting rate cut by the RBI on Thursday, and termed it as a positive development for the government's efforts to achieve economic growth without stoking inflation. Finance Minister Arun Jaitley said that the rate cut would lead to more in the hands of consumer and greater spending. The RBI surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation. Jan 15, 2015
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Market Expert welcomes slash in repo rate by 25 basis points to 7.75 percent

Mumbai, Jan 15 (ANI): The Reserve Bank of India (RBI) surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation and what it said was a government commitment to contain the fiscal deficit. Stock Market Expert Sunil Saha termed it as a pleasant surprise and added that long term outlook for inflation looks quite rosy. Jan 15, 2015
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