Economy and Policy

  • A guard walks in front of a Federal Reserve image before press conference in Washington

    The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year. The U.S. central bank said the economy had expanded at a moderate rate and job gains were strong in June. While …

  • File picture of Japan's PM Shinzo Abe at a debate in Tokyo

    Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The earlier-than-expected announcement to boost the flagging economy sent Japanese …

  • The Indian government on Wednesday raised the limit for foreign investment in the country's stock exchanges to 15 percent from 5 percent, saying the change would enhance India's global competitiveness ...

  • The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while U.S. equity markets pared early gains as investors awaited the end of two-day meeting of Federal Reserve policymakers. The Fed's policy-setting Federal Open Market Committee is scheduled to release …

  • Labourer pushes a handcart loaded with sacks containing tea packets, towards a supply truck at a wholesale market in Kolkata, India

    The Indian government on Wednesday made crucial ammendments to its goods and services tax bill in a move to enlist the support of opposition parties as well as state governments. The proposed tax reform, the biggest since India's independence from Britain in 1947, seeks to replace a slew of taxes and levies in 29 states, …

  • Coca-Cola Co reported lower-than-expected quarterly revenue due to weakness in China and certain Latin American economies, and the company warned of no improvement in those markets for the rest of the year. Shares of the world's largest beverage maker, which also cut its full-year organic revenue growth forecast, fell …

  • A Bharti Airtel office building is pictured in Gurugram

    India's largest telecom network operator, Bharti Airtel Ltd, reported a 30.8 percent fall in first-quarter net profit on Wednesday, blaming an adverse foreign exchange impact in Nigeria, although it beat analysts' estimates. Consolidated net profit fell to 14.62 billion rupees ($218 million) in the quarter ended June 30, …

  • Mumbai, July 27 (IANS) Profit booking, combined with caution ahead of derivatives expiry and a key announcement over the US interest rate, depressed the Indian equity markets on Wednesday. During the day's ...

  • Gold bullion is displayed at Hatton Garden Metals precious metal dealers in London

    Gold steadied near $1,320 an ounce on Wednesday as traders awaited the outcome of a two-day Federal Reserve policy meeting later, which will be closely watched for any clues on the scale and pace of interest rate hikes this year. Spot gold was $1,319.56 an ounce at 1200 GMT, little changed from $1,319.84 late on Tuesday. …

  • A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

    REUTERS - Nifty index rose to its highest in more than 15 months on Wednesday as sentiment turned positive after the central government and states made some progress on the Goods and Services Tax bill. ...

  • Mumbai, July 27 (IANS) Profit booking, combined with caution ahead of derivatives expiry and a key announcement over the US interest rate, depressed the Indian equity markets on Wednesday. Consequently, ...

  • A man looks at an electronic board showing the Japanese yen's exchange rate against Euro outside a brokerage in Tokyo, Japan

    Asian stocks settled near one-year highs on Wednesday while the safe-haven yen slumped after Japan's government announced a larger-than-expected economic stimulus package, which led most of the region's bourses higher. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, reversing earlier gains, …

  • Profits earned by China's industrial firms grew at their fastest pace in three months in June, indicating government spending is supporting the corporate sector though uneven growth and soft investment pose headwinds. Profits in June rose 5.1 percent to 616.31 billion yuan ($92.40 billion), the National Bureau of Statistics …

  • Volkswagen models Golf Cabriolet and Passat are stored at the CarTowers next to the Volkswagen plant in Wolfsburg

    Volkswagen AG's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. U.S. District Judge Charles Breyer in San Francisco set an Oct. 18 hearing for final approval. Preliminary …

  • It seems obvious that if you don’t have any taxable income, there is no need to file a tax return. But in some situations return filing may be necessary or even mandatory, irrespective of whether you have taxable income or not. Do file your income tax return if any of these apply to you – You … Continue reading Don’t have …

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