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CAD narrows to 1.2% of GDP at $6.2 billion in Q1

Last Updated: Friday, September 11, 2015, 20:03

The June quarter CAD figure is lower than USD 7.8 billion, or 1.6 percent of GDP, in the year-ago period, but higher than 0.2 percent for the March quarter.

Nearly 1.65 lakh a/c holders avail overdraft under PMJDY

Last Updated: Friday, September 4, 2015, 18:13

The government on Friday said nearly 1.65 lakh Jan Dhan account holders, of the total 18 crore accounts opened under the scheme, have availed overdraft facility.

Black money window: More disclosures likely towards Sept-end

Last Updated: Wednesday, August 26, 2015, 22:58

The government expects the number of disclosures about unaccounted overseas wealth under the black money window to go up in the last few weeks of the compliance period, which ends on September 30.

Govt plans to make PAN universal

Last Updated: Wednesday, August 19, 2015, 14:35

The government will soon launch a facility under which a PAN card will be issued to all citizens, as per media reports.

Gold imports jump 62.2% to $2.96 billion in July

Last Updated: Friday, August 14, 2015, 20:34

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).

Tirupati Balaji gets demat account: 5 things you want to know

Last Updated: Wednesday, August 5, 2015, 11:34

Here are five things you want to know about it.

Lord Tirupati Balaji checks into Dalal Street with a demat account

Last Updated: Tuesday, August 4, 2015, 21:18

The Dalal Street has got its priciest member with Lord Balaji of the Tirumala Tirupati Devasthanams (TTD) opening a demat account.

FinMin moves Cabinet note on gold monetisation scheme

Last Updated: Tuesday, August 4, 2015, 19:01

The Finance Ministry has moved a Cabinet note on the proposed gold monetisation scheme that will enable depositors to earn interest on their on their gold accounts.

Black money: Cooperating with Indian authorities on Swiss a/c probe, says HSBC

Last Updated: Monday, August 3, 2015, 16:27

Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC Monday said it is cooperating with the authorities.

India's CAD likely to widen in June quarter: Report

Last Updated: Sunday, August 2, 2015, 13:55

India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0 percent of GDP while for the current financial year, it is likely to remain under control, says a DBS report.

Axis Bank cuts bulk deposit rates by 0.25%

Last Updated: Monday, July 27, 2015, 20:26

Country's third-largest private sector lender Axis Bank on Monday announced a rate cut of up to 0.25 percent on its bulk deposits across three different maturities.

Govt cuts tariff value on imported gold for 2nd straight week

Last Updated: Friday, July 24, 2015, 14:02

The government on Friday slashed the import tariff value on gold for the second straight week to USD 354 per 10 gm in line with weak global prices of the precious metal.