During the month of December, India Inc collected Rs. 5, 600 crore through initial public offers and rights issues. Securities and Exchange Boards of India reviewed that, in the month of November, India Inc was successful in collecting Rs. 1, 601 crore money by implementing two issues. India Inc In December 2011, India was successful […]
Before the budget, some of the Ministers of Parliament’s group scrutinized the Direct Taxes Code (DTC) Bill today praised for raising the income tax release limit up to Rs. 5 lakhs per annum. The Standing Committee of Finance, met under the Chairmanship of BJP leader, Yashwant Sinha, has decided to settle this report by March […]
Foreign investment in India rose to the highest value in three years in 2011. Lack of transparency, poor infrastructure and policy paralysis is the new mantra for growth among the economic investors these days. Foreign direct investment in India is going to be huge in the coming years. According to an Ernst & Young (E&Y) […]
Montek Singh Ahulwalia, deputy chairman of the Planning Commission said that the finance ministry is planning to bring into action the fiscal consolidation in the up-coming annual budget.We have already told you that this year’s budget is expected to be presented during the 2nd week of March For those who are not familiar with the […]
The inter-ministerial Board of Approval for Special Economic Zones allowed Tata Consultancy Services (TCS), an IT software major to set up IT/ITeS SEZ (Special Economic Zone) at Indore, Madhya Pradesh. Earlier, Videocon Realty & Infrastructure Ltd was also permitted to withdraw its proposal of 10 hectare – IT/ITeS SEZ at Jalpaiguri in West Bengal. The […]
PricewaterhouseCoopers trading as PwC, a London based world’s largest global professional services firm stated total population of India will be around 1.36 billion by 2021 of which middle class will account for 570 million. India’s middle class will keep growing in number and reach a $ 1 trillion market value opportunity for the consumer products […]
The Reserve Bank of India (RBI) released the Macroeconomic and Monetary Developments Third Quarter Review 2011-12 yesterday. This very document gives a preliminary idea of to the Monetary Policy Statement that is going to be released on January 24, 2012. Global and domestic factors have shown a strong negative effect on the Growth outlook, weakening […]
Reserve Bank of India declared that it’s not going to cut key policy rates or interest rates in the third quarter review of the monetary policy on Tuesday. This decision was taken keeping in mind the increased inflation risk. The same is the case with interest rates and liquidity pressure in the banking system. RBI […]
