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Ashutosh Kumar

  • Government pegs economic growth at 5.5% this fiscal

    The mid-year economic analysis presented by the finance ministry on Friday said the fiscal deficit target for the current financial year at 4.1% of the Gross Domestic Product (GDP) is an ambitious one if seen in the context on the revenue side. Chief economic advisor Arvind Subramanian, however,...

    Saturday, 20 December 2014 - 7:20am
  • GST Bill to be tabled in Parliament on Monday

    What the Bill entails? The Centre will provide full compensation for the loss of revenue to the states for the first three years. Later partial compensation will be provided. Entry tax will also be subsumed into GST The compensation due to the states on the central sales tax reduction may also...

    Friday, 19 December 2014 - 7:00am
  • Government may take ordinance route on Insurance Bill

    The reforms agenda of the NDA government seems to have come to a grinding halt with the opposition Congress and other parties blocking it in the Rajya Sabha. The opposition yet again stalled proceedings on the fourth day demanding prime minister Narendra Modi to make a statement on the incidents of...

    Friday, 19 December 2014 - 7:30am
  • No CSR spend yoke in Companies Bill

    Firms will not have to spend 2% profit on philanthropy; govt feared clause would deter foreign investors

    Thursday, 18 December 2014 - 6:30am
  • Congress using conversions issue to derail Insurance Bill?

    Party may be insisting on PM's statement only to delay financila reforms

    Wednesday, 17 December 2014 - 6:00am
  • Tax shortfall may dash grand budget hopes

    Fiscal deficit target challenging as only half the indirect tax collection aim met in April-November; govt banks on divestment and cut in food and oil expenditure to bridge the gap

    Monday, 15 December 2014 - 7:45am
  • RBI governor Raghuram Rajan raises concerns over Make in India's export strategy

    Says export-led growth strategy will not be beneficial for India as China already has a strong presence in this area even as global economy recovery remains hazy

    Saturday, 13 December 2014 - 7:32am
  • Will RBI Governor Raghuram Rajan bite the bullet today?

    Reserve Bank of India governor Raghuram Rajan met finance minister Arun Jaitley on Monday amid clamour for a rate cut in monetary policy review "I do not think a rate cut is very likely. It is still too early. Central banks all over the world tend to be conservative. And RBI is not confident yet...

    Tuesday, 2 December 2014 - 7:15am
  • Arun Jaitley may step in as Mitra panel on Insurance Bill lacks unanimity

    Chandan Mitra-headed select committee on Insurance Bill has sought more time from the finance ministry before it submits its report, even as the government plans to introduce the Bill to take up the FDI limit in insurance from 26% to 49% in the current upcoming session of Parliament. Members of the...

    Monday, 24 November 2014 - 7:40am
  • Collateral less than half the loan amount in top 20 NPAs

    New banking secy to review stressed a/cs in meeting with bank CMDs

    Thursday, 20 November 2014 - 6:20am