RBI May Cut Policy Rate by 0.25% Next Week, Says Citigroup

RBI May Cut Policy Rate by 0.25% Next Week, Says Citigroup

New Delhi: The Reserve Bank is expected to cut repo rate by 0.25 percentage point in the April 5 policy given that the budget stayed on the path of fiscal consolidation and progress has been made on the reforms front,...
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Gain From Low Crude Prices Being Used for Infra Development: Jaitley

Gain From Low Crude Prices Being Used for Infra Development: Jaitley

New Delhi: Under attack for not passing on benefits of fall in crude prices to consumers, Finance Minister Arun Jaitley on Monday said the savings are being used for developing infrastructure to push growth and create jobs besides enabling oil...
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Bullion Strike Continues As Finance Minister Refuses To Budge

Bullion Strike Continues As Finance Minister Refuses To Budge

New Delhi: The protest by gold and jewellery traders entered the 14th day today even as Finance Minister Arun Jaitley rejected demands for rollback of one per cent excise duty on non-silver jewellery. Jewellers across the country have been protesting...
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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 th...
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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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