Among direct taxes, corporate tax, I-T mop-up rose sharply; indirect tax also saw robust growth
Despite the weakness in the economy, foreign investors continued to pour in billions
51% of total donations to National Parties came from donors whose details are not available in the public domain
Retail inflation, measured by the Consumer Price Index (CPI), declined to a 24-month low of 3.63 per cent in November
With multiple triggers, policy uncertainty across the world has increased of late
Monetary Policy Committee of the Reserve Bank of India will be meeting for the first time since the decision to demonetisation
Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas.
Because Indian economy uses cash far more than other countries
PM Modi announced demonetisation of existing Rs 500 and Rs 1,000 currency notes last week, while there is no sure measure of the black economy
The combined debt of India's top family-owned groups has grown faster than their revenue and operating profits
World Bank's latest Doing Business 2017 ranking has pegged India at 130th rank out of 190 countries
Much like in other countries, exports in India, too, were adversely affected by the global slowdown in the aftermath of the 2008 financial crisis
The International Food Policy Research Institute's Global Hunger Index shows India has slid further down the rankings
The Monetary Policy Committee surprised many by cutting the policy rates by 25 basis points
The report indicates India has made substantial gains on most of the sub-indices
Seven operators have submitted the earnest money, with RJio leading the pack, followed by Vodafone and Idea
On Thursday, the southwest monsoon began withdrawing from parts of western Rajasthan. Latest data show that as of September 17, rains have been five per cent below normal. This is marginally better than the six per cent deficit on September 13 as shown in Chart 1.By comparison, the India Meteorological Department (IMD) had predicted rains to be at 106 per cent of the long period average (LPA). Currently the LPA for the whole country is 89 cm. Rainfall below 90 per cent of the LPA is considered as deficit, while that between 96 to 104 per cent of LPA is considered as normal. Till last Wednesday, the country had received 76.6 cm of rainfall. But there is wide variation across regions. As shown in Chart 2, the deficit in the southern peninsula is to the tune of 11 per cent. The river basin-wise distribution of rainfall is shown in Chart 3. Cauvery river basin has received 23 per cent less rainfall than normal.While the withdrawal of the rains has been delayed by 15 days, based on current
Unfavourable court verdicts aren't the only worry for real estate firms
With DOT offering 2,345 MHz of spectrum, the stage is set for the largest spectrum auction in the history of the Indian telecom industry
Over the past year, both private and public sector banks (PSBs), prodded by the RBI, have been aggressive in recognising the true extent of bad loans plaguing the system