The government sees this as a milestone in the country's hydrocarbon sector, as investments so far were limited to only seven of the 26 sedimentary basins in the country

The enhanced depreciation is expected to motivate vehicle makers

Nitin Gadkari said it was the mandate of his ministry and not that of NITI Aayog to take a call on vehicle technology

In informal conversations, current and past bureaucrats, some of whom are still in very powerful positions, have spoken highly of him as a minister who trusted his bureaucrats' judgement, experience

Move follows an order by the Mines Tribunal staying the Karnataka govt's decision tp cancel the Donimalai mining lease to NMDC

Most agree, though, on the long-term benefits that the measures will bring in

The tax payable at normal rate on business income arising from the transfer of derivatives to a person other than FPI shall be liable for the enhanced surcharge

Defending his government's moves, Modi said it was India's 'internal steps' which was taken in a 'completely democratic, open, transparent and constitutional' manner

Govt announced rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption for startups from angel tax, package for auto sector and upfront infusion of Rs 70,000 cr to PSBs

Addressing a group of NRI business community in the UAE capital Abu Dhabi, Modi thanked them, saying they have made a vital contribution to India's economic growth

Hailing the slew of announcements made by Union Finance Minister Nirmala Sitharaman, the US corporate world on Friday said the comprehensive set of proposed reforms will provide needed stimulus for the economy and strengthen India's position as a global investment destination. The Indian government on Friday announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of startups from 'angel tax', a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low. "We commend Finance Minister Nirmala Sitharaman and the Government of India on this comprehensive set of proposed reforms, which will provide needed stimulus for the Indian economy and ensure continued economic expansion, US India Business Council president Nisha Desai Biswal said. Biswal, who served as Assistant Secretary of State for South and Central As

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Sitharaman, however, was confident that the target would be achieved without any harassment to taxpayers

The FM also said an organisation would be set up to provide credit enhancement for infrastructure and housing projects, increasing the flow of funds to these

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

Taxes had risen for foreign portfolio investors (FPIs) and others following surcharges introduced in the Budget

Releasing the second edition of the Composite Water Management Index, the government think tank said the annual per capita availability of water is expected to reduce to 1,140 cubic metres by 2050

The CCI is already studying the new economy segment to understand how some companies abuse dominant positions

The cut in growth rates for India was sharper for both the years than the other seven economies

India Inc also expects other measures to make the recovery more permanent