Finance

No MoU signed yet for French boost to Smart Cities mission

France has “committed” to helping three Indian cities evolve as smart cities –  Puducherry, Chandigarh, and Nagpur. But what does this help entail?  The French ambassador in India, Francois Richier, on Wednesday, cleared the air. No memorandum of understanding has been signed with any of the three cities yet, the ambassador told Business Today on the sidelines of an Indo-French ... Read More »

Reforms to continue irrespective of Bihar poll results, says Rahul Bajaj

Noted industrialist and Bajaj Auto Chairman Rahul Bajaj today said economic reforms will continue irrespective of the outcome of Bihar assembly elections. “There will be implications. Those who say there will no implication, I don’t agree with them. There will be implications, one way or the other… the way I see Mr Modi, the FM and others in the BJP, ... Read More »

Goods and services tax a matter of time, says FM Arun Jaitley

Finance Minister Arun Jaitley expressed confidence on Wednesday that he would be able to pass a new goods and services tax (GST) , saying opposition to the reform would crumble when it comes to a Parliamentary vote. “GST is only a question of time,” Jaitley told an economic conference in New Delhi. The opposition Congress party and its allies have ... Read More »

Oct services industry PMI at 8-month high on boost from new business

The services industry expanded at its fastest pace in eight months in October as new business rose with discounting probably stoking demand, a survey showed on Wednesday. The survey results are likely to provide some comfort to policymakers after a sister survey on Monday showedmanufacturing growth cooled to a 22-month low in October. The Nikkei/Markit Services Purchasing Managers’ Index rose ... Read More »

Asthma cases see sharp rise in Delhi due to persistent smoggy weather

The sudden change in weather conditions is proving to be life-threatening for Delhiites, particularly the elderly. Persistentsmoggy weather has increased their vulnerability to asthmatic attacks and other respiratory illness. Doctors said asthma cases have gone up by 20 per cent as compared to previous year. “Every year, I have to be extra cautious. But this year, the weather has changed ... Read More »

Rupee rises 15 paise at 65.49 against US dollar

The dollar index traded higher by 0.26 per cent against a basket of six currencies in late afternoon trade. In the global market, the dollar rose against the euro and the yen on Wednesday, driven by higher US Treasury yields which rose on expectations that the Federal Reserve will increase interest rates in December. The US government bond yields rose ... Read More »

Indian defence deals mired by corruption, says international watchdog

While Asia sees burgeoning military spending, the expansion in might is often accompanied by secrecy and absence of accountability, oversight, and transparency, anti-corruption watchdog Transparency International (TI) has found in its latest report on defence transparency for the Asia Pacific region. Out of the 17 countries assessed in the Government Defence Index-2015, including major arms importers such as India and ... Read More »

Tolerance can take offence out of a debate, says Raghuram Rajan

Tolerance can take the offence out of a debate and instil respect, Reserve Bank of India Governor Raghuram Rajansaid on Saturday, adding India has always protected debate and the right to hold different views. “Tolerance can take the offence out of a debate, and indeed instil respect. If I go berserk every time a particular button is pressed, rebels are ... Read More »

India becomes world’s 7th most valued ‘nation brand’

India has moved up one position to become the world’s seventh most valued ‘nation brand’, with an increase of 32 per cent in its brand value to $2.1 billion. The US remains on the top with a valuation of $19.7 billion, followed by China and Germany at the second and the third positions respectively, as per the annual report on ... Read More »

Ranking should have been significantly higher in WB index, says FM Arun Jaitley

Not fully satisfied with 12 position jump in India’s ranking on ease of doing business index, Finance Minister Arun Jaitley on Sunday said the World Bank has not factored in all the steps taken by the government to improve business environment and ranking should have been “significantly higher”. In the same breath, he also stated that there was a need ... Read More »