Arvind lists growth challenges

Outgoing chief economic adviser Arvind Subramanian on Wednesday said achieving a double-digit growth would be challenging because of a deteriorating external economic environment, pouring cold water on interim finance minister Piyush Goyal's assertion that the magical number was just round the corner.
Jayanta Roy Chowdhury Jun 21, 2018 00:00 IST

Cuffs on BoM boss

Police arrested the chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.
Jun 21, 2018 00:00 IST

Pradhan roots for stable crude price

India has urged the Organisation of Petroleum Exporting Countries (Opec) to keep crude price at a reasonable level at a time the cartel of oil producers and others are meeting in Vienna to review the production cut agreed till the end of this year.
Our Special Correspondent Jun 21, 2018 00:00 IST

L&T Fin to venture into new areas

A foray into new geographies will fuel the growth in the micro-credit loan book of L&T Finance, a subsidiary of L&T Finance Holdings.
A Staff Reporter Jun 21, 2018 00:00 IST

Flexible RBI approach to interest rates

The six members of the monetary policy committee (MPC) of the RBI cited better growth indicators and upside risks to inflation as they unanimously voted for a policy rate hike earlier this month and maintained a neutral stance, minutes of the meeting released on Wednesday showed.
Our Special Correspondent Jun 21, 2018 00:00 IST

More changes at ICICI

The top deck at ICICI Bank could see more changes in the coming days as the tenure of chairman M.K. Sharma comes to an end this month.
Our Special Correspondent Jun 21, 2018 00:00 IST

Anmol ready to go public

Biscuit maker Anmol Industries Ltd has filed draft papers with capital market regulator Sebi for an initial public offering (IPO).
A Staff Reporter Jun 21, 2018 00:00 IST

Arvind knits growth plan

Textiles major Arvind Ltd is planning to scale up its business to Rs 10,000 crore in the next five years from around Rs 6,000 crore now.
Our Bureau Jun 21, 2018 00:00 IST

Future tax structure for petro goods ready

A peak tax rate of 28 per cent plus states levying some amount of local sales tax or the VAT on petrol and diesel is likely to be the tax structure when the two fuels are covered under the GST regime, a top government official said on Wednesday.
Jun 21, 2018 00:00 IST

Petrol & diesel could face highest GST slab of 28%, plus state taxes (which means no retail relief)

Petrol and diesel are likely to be taxed at the peak GST rate of 28 per cent, plus state sales tax, when the two auto fuels are brought under the goods & service tax regime, a top government official said.
Jun 20, 2018 19:12 IST

Centre open to greater RBI powers

The BJP-led central government is open to considering the Reserve Bank of India's demand for greater powers to regulate state-run banks. "If more powers are needed by the RBI, we are open to giving that," finance minister Piyush Goyal said on Tuesday after a meeting with state-run banks from eastern and northern India.
Our Special Correspondent Jun 20, 2018 00:00 IST


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