Business

Raghuram Rajan is hopeful of GST passage

Washington, Dec 9: Expressing confidence over the passage of long pending GST bill in Parliament, RBI governor Raghuram Rajan has told American investors the new regime will improve collections and broaden the tax base.

In an event organised by the US India Business Council (USIBC) in New York last week, Dr Rajan told American institutional investors that the priority for RBI is to clean up banks and their non-performing assets.

He said RBI's continued focus on fiscal consolidation and inflation will mean that they will reach their targeted goals, a USIBC statement quoted Dr Rajan saying.


Govt lowers additional borrowings to Rs 20K cr in FY18

New Delhi:The government today lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated e...

Sensex advances 70 pts in volatile trade; IT stocks gain

Mumbai: The benchmark BSE Sensex recovered 70 points in opening trade on Wednesday on gains in IT, banking and auto stocks despite weak Asian cues.The...

Indian IT services stocks set for turnaround in 2018: Report

New Delhi: Indian IT services stocks are set for a turnaround in 2018 as recovery in spending is "imminent", says a Morgan Stanley report.The IT secto...

WPI inflation eases to 3-month low of 3.58 per cent in Dec

New Delhi: Wholesale price-based inflation fell to a three-month low of 3.58 per cent in December 2017 as food prices softened, prompting the industry...