Search Results for: economy

Income tax department launches 3 more ITRs for e-filing

The IT Department is streamlining filing of income tax returns online, even as it seeks more disclosure of assets from high-net-worth individuals.

Apr 7, 2016

N.R. Narayana Murthy, Chairman Emeritus of Infosys

Nasscom rejects Murthy's 'immigration agents' comment on Indian IT firms

NR Narayana Murthy's comment does not reflect what the Indian IT industry is doing for companies in the US, Nasscom president said.

Apr 7, 2016

Indian Oil will spend Rs. 20,000 crore for its Gujarat refinery expansion

The company plans to expand its Gujarat refinery's capacity to 18 million tonnes per annum (MTPA) from the present 13.7 MTPA.

Apr 7, 2016

Swiss police raid UEFA as Panama Papers scandal spreads

Gianni Infantino joined a list of public figures and political leaders whose financial arrangements have come under scrutiny after the Panama Papers scandal.

Apr 7, 2016

Iceland govt appoints new PM following Panama papers scandal

Iceland government appoints new PM, to call early elections

Gunnlaugsson quit as PM on Tuesday after leaked documents from a Panamanian law firm showed his wife owned an offshore company.

Apr 7, 2016

India's services PMI at 21-month high in March

Both manufacturing and services output have remained conveniently expansionary the past month, according to the Nikkei India Composite PMI Output Index.

Apr 6, 2016

Deposit rates, not repo rate, to decide bankers' further course of action

With deposit growth at the lowest since 1963, bankers would find it really difficult to cut lending rates.

Apr 6, 2016

Andhra Pradesh eyes investments in tourism worth Rs. 20,000 crore

The state has taken up multiple initiatives and aims to become the most preferred tourist destination in the country.

Apr 6, 2016

IMF chief amps up call to boost global growth as risks increase

International Monetary Fund Managing Director Christine Lagarde turned up the volume on her calls for stronger action by the worlds economies to boost growth, warning that downside risks were increasing without decisive action. In a speech at Frankfurts Goethe University on 5 April, Lagarde prescribed specific moves, including for the United States to raise its minimum wage, for Europe to improve job training and for emerging economies to cut fuel subsidies and boost social spending. She said recovery from the 2007-2009 global financial crisis remains too slow, too fragile and risks to its durability are increasing.

Apr 5, 2016