Economy and Policy

  • New Delhi, Apr. 18 (ANI): With the government deciding to review the new Income Tax Return (ITR) Forms, tax expert Ved Jain on Saturday said asking for too many data can create a little problem and added ...

  • New Delhi, April 18 (IANS) The new norm for filing income tax returns, which has evoked angry protests, will be reviewed once Finance Minister Arun Jaitley returns from Washington, top officials said here on Saturday. "The finance minister spoke to me from Washington. He said the government must be proactive and he …

  • Govt. to review ITR Forms ANI - 10 hours ago

    New Delhi, Apr. 18 (ANI): Prime Minister Narendra Modi-led government at the Centre has decided to review the new Income Tax Return (ITR) Forms that require disclosure of details regarding the bank accounts ...

  • New Delhi, April 18 (IANS) Despite poor quarterly earnings by corporate India, foreign investors continued to pump cash into the country's equity markets during the week ended April 17. The Foreign Portfolio Investors (FPIs) remained net buyers in the Indian equities market for the week ended April 17, they bought stocks …

  • Mumbai, April 18 (IANS) Reliance Industries, the $66-billion oil refining to retail trade giant, hopes to re-start by the end of this financial year all its 1,400 retail outlets to sell petroleum fuels. In a presentation on the company's corporate results for the financial year ended March 31, 2015, Reliance Industries …

  • Kochi, April 18 ( IANS) US Ambassador Richard R. Verma visited the Startup Village here and interacted with the young entrepreneurs and officials and offered his country's possible long-term cooperation in the development of startup ecosystem in India. Responding positively to the Startup Village officials' request for …

  • Mumbai, April 18 (IANS) The Indian equities markets were dampened during the weekly trade ended April 17, proving that mere endorsement of economic growth potential by international financial institutions is not enough and that corporate India's earnings have to catch-up with the high expectations. Even though India's …

  • New Delhi, April 18 (IANS) The government may intend to target black money with a new income tax returns form, mandating assessees to disclose their bank accounts and details of foreign visits, but it also makes filing of returns that much more cumbersome, experts maintain. "The disclosure requirement on number of accounts …

  • A watchman of Reliance's closed petrol station walks at Raipur Kalan village

    Reliance Industries Ltd plans to restart its entire 1,400 retail fuel pump outlets in fiscal year ending March 2016, a report on the company website shows. The stations were closed in 2008 when global ...

  • Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns …

  • Eurogroup head warns against a game of chicken with … Reuters - Sat 18 Apr, 2015 4:33 AM IST
    Eurogroup chairman Dijsselbloem testifies before the EU Parliament's Economic and Monetary Affairs Committee in Brussels

    Greece and the euro zone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Friday. Speaking to reporters on the sidelines of the International Monetary Fund meetings, …

  • G20 more upbeat on growth, but officials fret over … Reuters - Sat 18 Apr, 2015 4:26 AM IST

    The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery. In a communique after a two-day meeting, G20 finance ministers and central bankers welcomed brighter …

  • Exclusive - Anadarko considers selling Mozambique gas … Reuters - Sat 18 Apr, 2015 3:27 AM IST

    MILAN/LONDON/SINGAPORE (Reuters) - Anadarko Petroleum (APC.N) is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil (XOM.N) and Qatar Petroleum [QATPE.UL] both showing interest, banking and industry sources said. Exxon is seen as the front runner, and it would be its …

  • Wall Street falls steeply with China, Greece fears … Reuters - Sat 18 Apr, 2015 2:23 AM IST
    Traders work on the floor of the New York Stock Exchange

    Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors losing ground. The Dow and S&P 500 both snapped two weeks of gains. For the week, the Dow was down 1.3 percent, the S&P 500 down 1 percent and the Nasdaq down 1.3 percent. Both Honeywell International (HON.N) and General …

  • Global shares fall on China margin crackdown, dollar … Reuters - Sat 18 Apr, 2015 2:21 AM IST
    A general view of the Frankfurt stock exchange

    Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated after rising U.S. consumer prices failed to ease concerns that the Federal Reserve might delay plans to raise interest rates. China's securities regulator warned investors to be cautious as Chinese shares …

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