India reports record high tax collection for April2018-05-02
A record amount of 103,458 crore Indian Rupees (about 15.5 billion U.S. dollars) was collected in India in the form of goods and services tax (GST) during April 2018, according to official data released by the country's Ministry of Finance on Tuesday.
India's Punjab National Bank detects 1.77 bln USD fraudulent transactions2018-02-14
India's state-owned multinational banking and financial services company Punjab National Bank (PNB) Wednesday detected "fraudulent and unauthorised" transactions worth about 1.77 billion U.S. dollars at one of its branches in Mumbai.
Indian economy has bottomed out: data2017-10-12
High-frequency economic data disclosed recently have shown that India's economic growth is under a state of slow recovery after hitting three years' bottom of 5.7 percent in the first quarter (April - June) of fiscal 2017-18.
With 580 accidents in past 5 years, India's ageing rail network needs urgent overhaul2017-08-21
A day after 23 people were killed and more than 90 others injured in a train accident in the northern state of Uttar Pradesh, Indian Railway Minister Suresh Prabhu Sunday asked the railways to fix responsibility by the end of the day.
India's GDP growth slows to 6.1 pct in Jan-March quarter2017-06-02
India's economic growth rate slowed sharply in the January-March quarter to 6.1 percent, officials said.
India's economy expected to grow 7.2 percent in 2017: minister2017-04-05
The Indian economy was expected to grow 7.2 percent in 2017, India's Finance Minister Arun Jaitley said Saturday.
India's Tata Group sacks Cyrus Mistry as chairman2016-10-25
India's Tata Group Monday sacked Cyrus P.Mistry as the company's Chairman and replaced him with 78-year-old Ratan Tata as the interim chairman, in a surprising move.
India to further liberalize visa regime to woo tourists, businesses2016-10-24
India has said that it intends to further liberalize the visa regime in a bid to attract more tourists and businesses to the country.
India cuts short-term lending rate by 25 basis points to 6.25 pct2016-10-05
The Reserve Bank of India(RBI)Tuesday cut its short-term lending rate, or repo rate by 25 basis points to 6.25 percent.
Indian government scraps rail budget, orders its merger in general budget2016-09-22
Indian government Wednesday approved merger of its railway budget with the country's annual general budget, thereby ending a 92-year-old tradition.
Indian Railways introduces "flexi fares" on its 3 premium train services2016-09-09
Indian Railways, one of the world's largest train networks, has for the first time introduced"flexi fares"on its three premium train services, a move aimed at reviving the ailing sector.
India will stop importing petroleum products, says gov't2016-09-08
"We are going to develop this country where our import of petroleum will be zero. We are promoting alternative fuel like ethanol, methanol, bio-CNG ..." Indian Road Transport and Highways Minister Nitin Gadkari reportedly said at a conference in the national capital Tuesday.
India's GDP growth slows down to 7.1 pct2016-09-01
India's economic growth slowed sharply in the first quarter(April to June)of the 2016-17 financial year, official data released by Indian Ministry of Statistics and Programme Implementation said.
Indian gov't appoints Urjit Patel as head central bank2016-08-21
The Indian government on Saturday appointed Urjit R Patel as the new head of its central banking institution--Reserve Bank of India(RBI), officials said.
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