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India’s indirect tax collection fell by 21.6 per cent in the first seven months of this fiscal as the Centre has cut down taxes to provide stimulus to a slowing economy. The indirect tax collection in the April-October period was Rs 1.26 lakh crore as...
Tags: capital inflow, indirect tax
Domestic demand would hold the key for the Indian economy’s recovery, and the timing of withdrawing fiscal sops would hinge on sustained rise in consumption expenditure at home, Finance Minister Pranab Mukherjee said on Tuesday. “There is a need of generating...
Tags: India, domestic demand, Pranab Mukherjee, finance minister, foreign capital, minister pranab, capital inflow
Ending its three-day losing streak, the rupee on Friday recovered marginally by nine paise to 47.11/12 against the dollar on a sustained rally in equity markets amid fresh capital inflows. A fresh fall of the dollar against its major rivals also helped...
Tags: U.S, Asian, dollar ended, capital inflow, ended dearer
The Indian rupee today appreciated by another 20 paise to touch almost two-month high of 49.49 against the US currency in early trade on increased capital inflows by foreign funds on expectations of strong opening of the domestic bourses in line with...
Tags: use dollar, Asian, capital inflow
The 30-share BSE index rose 5.1 per cent on Monday to 9,424.02 points, its highest close since Feb. 13, after climbing more than 7 per cent over the previous two weeks. The market is overbought, so there could be some hesitation, a Reuters technical analysis...
Tags: asia, Hong Kong, Asia-Pacific, hang seng, global cues, Asian, capital inflow
More expensive commodity items means consumers have less money to place in investments and savings instruments such as insurance policies. "The industry decline in new sales is anywhere between 30% and 60%," Andrew D. Alcid, president and chief executive...
Tags: rate hikes, capital inflow