Centre eyes cuts in spending as glitches in GST hit revenue

Centre eyes cuts in spending as glitches in GST hit revenue

India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government’s budget calculations, two finance ministry officials said. Tax receipts were about $7.8 billion in...
read more
Banking services hit as employees of public sector banks go on strike

Banking services hit as employees of public sector banks go on strike

Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike on Tuesday to protest against the government’s proposed consolidation move, besides raising other demands. Services like deposits and withdrawal at b...
read more
Asia Hit By Wall Street Stumble, Debt Yields Spike After ECB Minutes

Asia Hit By Wall Street Stumble, Debt Yields Spike After ECB Minutes

Tokyo: Asian shares lost ground on Friday after a weak session on Wall Street, while global sovereign debt yields were elevated across the board on bets the European Central Bank is moving ever closer towards unwinding its massive monetary stimulus....
read more
Participatory Note Investments Hit 4-Month Low Of Rs. 1.68 Lakh Crore

Participatory Note Investments Hit 4-Month Low Of Rs. 1.68 Lakh Crore

New Delhi: Investments in domestic capital markets through participatory notes fell to a four-month low of Rs. 1.68 lakh crore at the end of April amid stringent norms put in place by market regulator Securities and Exchange Board of India...
read more
Labour’s finance tax will hit pensioners, warns IFS

Labour’s finance tax will hit pensioners, warns IFS

  Labour’s plans to raise taxes on businesses and financial transactions will hit pension funds, reducing returns for savers and harming living standards into old age, the Institute for Fiscal Studies has warned. Jeremy Corbyn hopes to raise £5.6bn per...
read more
Asia Stocks Shrug Off Cyberattack, North Korea Threats To Hit Two-Year High

Asia Stocks Shrug Off Cyberattack, North Korea Threats To Hit Two-Year High

Singapore: Asian stocks were resilient on Monday, edging up to a two-year high after shaking off threats posed by a ransomware attack that locked up more than 200,000 computers in over 150 countries, a missile test by North Korea and...
read more
1 2 3 4