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FM, RBI sign monetary policy framework to curb inflation

India Infoline News Service | Mumbai | March 02, 2015 10:27 IST

The objective of monetary policy is to primarily maintain price stability, while keeping in mind the objective of growth.

Axis Bank extends gains in opening trade

India Infoline News Service | Mumbai | March 02, 2015 09:36 IST

The stock has hit a high of Rs. 643 and a low of Rs. 627.

Budget 2015 a beneficiary for market in coming days: Vijay Singhania

India Infoline News Service | Mumbai | March 02, 2015 09:19 IST

Discouraging transaction in cash to discourage black money, proposing to introduce a gold monetisation scheme, deferring GAAR for another 2 years, reduction of corporate taxes to 25% over the next 4 years et al would aid sentiments.

Moody's assigns first-time ratings to State Bank LLC

India Infoline News Service | Mumbai | March 02, 2015 08:24 IST

State Bank's local currency long-term deposit rating of B2 incorporates a one-notch uplift from its BCA of b3, based on Moody's assessment of systemic support.

Budget lays tangible roadmap for future: Arundhati Bhattacharya

India Infoline News Service | Mumbai | February 28, 2015 20:19 IST

The move to frame a Public Contract Bill will kick start activities in the construction sector plagued by disputes.

RBI releases Sectoral Deployment of Bank CreditJanuary 2015

India Infoline News Service | Mumbai | February 28, 2015 19:45 IST

Credit to agriculture and allied activities increased by 16.6 per cent in January 2015, up from 13.2 per cent in January 2014.

RBI releases quarterly data on Deposits and Credit of Scheduled Commercial Banks

India Infoline News Service | Mumbai | February 28, 2015 19:42 IST

Public sector banks together accounted for 73.3 per cent share in aggregate deposits and 71.2 per cent share in gross bank credit in December

We welcome the new Budget: Umesh Revankar

India Infoline News Service | Mumbai | February 28, 2015 19:37 IST

We welcome the governments measure to consider NBFCs registered with RBI having asset size of Rs 500 crore and above

Sanjiv Bajaj comments on Union Budget

India Infoline News Service | Mumbai | February 28, 2015 19:33 IST

I feel, set the base for regaining the growth momentum, Sanjiv Bajaj says

Budget takes India forward on a path of prosperity: Chanda Kochhar

India Infoline News Service | Mumbai | February 28, 2015 19:30 IST

The fiscal target of 3% by FY18 articulated by the Finance Minister is prudent while at the same time balances the current growth needs of the economy

Energize the economy for takeoff: Rana Kapoor

India Infoline News Service | Mumbai | February 28, 2015 19:30 IST

The budget has created theright enablers for an infrastructure-led revivalvia tax free bonds for rail, roads and irrigation

Commitment to introduce GST by 2016 a good move: Nihal Kothari

India Infoline News Service | Mumbai | February 28, 2015 18:25 IST

Measures like relaxing the time limit for availing CENVAT credit from 6 months to 1 year and expediting service tax and excise registration will facilitate ease of doing business.

Budget is the voice of foreign investors: Bijal Ajinkya

India Infoline News Service | Mumbai | February 28, 2015 18:16 IST

The Minimum Alternate Tax (MAT) controversy which FPIs and erstwhile FIIs were recently embroiled with, is set to rest with the budget proposal to exempt FPIs and FIIs from MAT.

Deferral of GAAR by two years was not needed: Sanjay Sanghvi

India Infoline News Service | Mumbai | February 28, 2015 18:12 IST

One would need to see in the fine print of the Finance Bill whether the highly controversial issue of applicability of MAT to foreign companies has been addressed as widely expected.

Reduction of withholding tax rate to 10% is encouraging: Daksha Baxi

India Infoline News Service | Mumbai | February 28, 2015 18:05 IST

The FM has put to rest all speculations with regard to the Direct Tax Code Bill by saying that all major proposals therein have been incorporated in the Income Tax Act, 1961 and there is significant jurisprudence under the Income Tax Act, and there is no merit in going ahead with the DTC.

Budget will fuel faster growth trajectory of economy: Haigreve Khaitan

India Infoline News Service | Mumbai | February 28, 2015 18:01 IST

The move to lower corporate tax rates while curbing exemptions is also a welcome measure.

Banking Newsletter: 23-28 February 2015

India Infoline News Service | Mumbai | February 28, 2015 17:45 IST

Finance Minister Arun Jaitely presenting the Union Budget 2015-16, said that the government is committed to increasing access of the people to the formal financial system

Budget is laudable on many fronts: Dr Arun Singh

India Infoline News Service | Mumbai | February 28, 2015 17:14 IST

The governments focus on ease of doing business and boosting entrepreneurship instills hope for a stronger revival of the industrial sector

Budget to stimulate flow of investments: Kaushal Sampat

India Infoline News Service | Mumbai | February 28, 2015 17:06 IST

The proposal to unveil a Bankruptcy Code deserves particular mention as it would go a long way in improving the ease of doing business

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