Don't need RBI's reserves to meet fiscal deficit: Jaitley

New Delhi (IANS): Finance Minister Arun Jaitley on Monday made it clear that the government does not need RBI's reserves to bridge the widening fiscal deficit as the Lok Sabha voted the Supplementary Demands for Grants for 2018-19 to…

Equity indices open in green, Sensex up 200 points

New Delhi (IANS): The key Indian equity indices opened on a positive note on Monday with the S&P BSE Sensex trading 200 points higher.

In the Asian markets too, indices traded on a positive note so far in the day.

At 9.19 a.m., the…

Government to infuse more than Rs 10,000 cr into Bank of India

Mumbai (IANS) The Central government has decided to infuse Rs 10,086 crore into Bank of India.

The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential…

Fuel prices down 30 paise, petrol at new 2018 low

New Delhi (IANS): Domestic fuel prices fell around 30 paise on Saturday as the cost of petrol touched fresh low levels for 2018 across the four metros.

In the national capital, petrol price was at Rs 69.26 per litre, 29 paise down from the…

Sensex ends 269 points up, Nifty settles at 10,858

Mumbai (IANS): Tracking overnight gains in the US markets, the key equity indices -- the BSE Sensex and the Nifty50 -- closed on Friday with 0.75 percent gains. Taking cues from the Asian markets both indices stayed comfortably in the green throughout…

India's April-November fiscal deficit crosses 115% of target

New Delhi (IANS): India's budgetary fiscal deficit for the April-November period at Rs 7.17 lakh crore has exceeded the target for the full fiscal, accounting for 114.8 per cent of the budgeted target of Rs 6.24 lakh crore, mainly owing to slow…

RBI launches survey on people's retail payment habits

Mumbai (IANS): The Reserve Bank of India (RBI) has launched a survey to understand the "Retail Payment Habits of Individuals" (SRPHi).

According to the central bank, the survey will cover a sample of 6,000 individuals from different…

Sun setting on 28% slab, 3-tier GST with single standard rate ultimate aim: Jaitley

New Delhi (IANS): Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST through merging of 12 and 18 per cent slabs, adding that the 28 per cent slab will soon be phased out, except in case…

Key Indian equity indices open in green

Mumbai (IANS): The key Indian equity market indices on Monday opened higher despite a cautious trend in Asian markets.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,742.07 on December 21, opened higher at 35,859.66 points.

Petrol price down by 20 paise across metros

New Delhi (IANS): Domestic fuel prices declined for the second consecutive day with petrol prices falling around 20 paise in the four metropolitan cities.

In the national capital, petrol was sold at Rs 70.07, down from Rs 70.27 per litre on…