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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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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