The Income Tax Appellate Tribunal has said that valuation of taxable benefit or perquisite has to be computed as per prescribed formula und...

With the two rates of 12% and 18%, the impact will be lower. It would depend on which firms pass through tax changes into final prices.

Rajan’s exit limits the actionability of any forward guidance. Still, investors will look for his assessment of how recent policy changes w...

This comes after the finance ministry wrote to the road transport and highways ministry, to start implementing budget announcements and spe...

Of the last eight episodes of normal and above-normal monsoon, only two (FY04 and FY06) saw food inflation of under 5%, while in five it wa...

Nomura economists Sonal Varma and Neha Saraf explained that rains have little effect on food prices and it is rural wages, minimum support ...

Although markets and the Reserve Bank have pinned their hopes on monsoon, but a good monsoon is not likely to help lower food price inflati...

Even as the RBI has been reducing rates, house price inflation is moderating and has increased at its slowest pace since data compilation b...

The rise has been despite the central government increasing allocation from central taxes to state governments to 42% from 32% in the last ...

Minister of State for finance Jayant Sinha says the Budget has given macroeconomic stability needed to shape RBI’s monetary policy.

Nomura expects India’s economic growth to improve to 7.8 per cent in fiscal year ending March 2017 up from 7.6 per cent in March 2016.

The estimated revenue foregone as a result of exemptions in the last fiscal year was Rs 62,400 crore or 0.50% of India’s GDP according to t...

In a report titled 'No room for extra spending' Nomura economists Sonal Varma and Neha Saraf said India's government cannot accelerate capi...

A rising number of upgrades compared with downgrades so far in 2015 could mean a gradual improvement in the business cycle.

A cyclical recovery is under way and GDP growth is expected to improve to 7.8% this fiscal from 7.3% in 2014-15, a Nomura report says.

Investors would opt for the gold bonds to be offered by the government, but are not likely to part with their jewellery under its monetisat...

India's overall investment rate remains close to 33 per cent of GDP — unchanged from 2006-2011, when the average growth rate of the economy...