Government Warns PSU Banks Against Purchase of Costly Staff Cars

Government Warns PSU Banks Against Purchase of Costly Staff Cars

New Delhi: The Finance Ministry on Tuesday warned public sector banks against purchase of “high value” staff cars, some of which are then sold to officials at a depreciated price. “…it has been pointed out by the Vigilance Commission that...
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HealthCare Global Raises Rs 292 Crore From Anchor Investors

HealthCare Global Raises Rs 292 Crore From Anchor Investors

New Delhi: Ahead of its IPO, cancer-care network operator HealthCare Global Enterprises (HCG) has raised Rs 292 crore through issuing of shares to 11 anchor investors, including International Finance Corporation. HealthCare Global Enterprises has allotted 1...
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Emerging Debt Swelled $1.6 Trillion In 2015, Poses Risks: Report

Emerging Debt Swelled $1.6 Trillion In 2015, Poses Risks: Report

London: Total debt in emerging markets grew by dollar 1.6 trillion in 2015 to more than dollar 62 trillion, the Institute of International Finance said on Wednesday, warning that higher indebtedness raised repayment risks and endangered future economic growth....
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Finance Ministry Body Recommends Steel Import Duties

Finance Ministry Body Recommends Steel Import Duties

New Delhi: An arm of the Finance Ministry has recommended maintaining import duties on some steel products until March 2018, a government document showed on Wednesday, in a move to support the local steel industry and protect mills from cheaper...
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Difficult To Accept Congress Demand To Cap GST Rate, Says Arun Jaitley

Difficult To Accept Congress Demand To Cap GST Rate, Says Arun Jaitley

  New Delhi: Finance Minister Arun Jaitley said on Thursday that it would be difficult to accept the opposition Congress party’s demand to cap goods and services tax (GST) rate in a constitution amendment bill stuck in parliament. The proposed...
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Tough To Achieve Double-digit Growth Given Global Headwinds: Arun Jaitley

Tough To Achieve Double-digit Growth Given Global Headwinds: Arun Jaitley

New Delhi: Asserting that its “extremely difficult to achieve double-digit growth in the current global environment, Finance Minister Arun Jaitley on Thursday said there is a scope for improvement from the current rate if reforms are carried on. “I...
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