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Government issues second set of FAQs on black money

Government issues second set of FAQs on black money

New Delhi:(IANS) In a second set of clarifications in the frequently asked questions (FAQs) format, the government on Thursday reiterated total confidentiality of information furnished to unearth black money stashed abroad. The finance minstry also relaxed conditions for those who ...

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strike:Loss of Rs.25,000 crore, says corporate body

strike:Loss of Rs.25,000 crore, says corporate body

New Delhi:(IANS) A nationwide strike called by trade unions hit India hard as millions of industrial and blue collar workers struck work, affecting all vital sectors of the economy in varying degrees. A business body estimated the day’s loss at ...

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Banking, insurance operations affected by strike

Banking, insurance operations affected by strike

Chennai/New Delhi/Kolkata, :(IANS) Banking and insurance services were hit on Wednesday as lakhs of bank and insurance employees across the country struck work in protest against the anti-trade union and worker policies of the BJP-led central government. “Clearing of cheques ...

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Asian cues dent markets; Sensex down 219 points

Asian cues dent markets; Sensex down 219 points

Mumbai:(IANS) Volatility prevailed in the Indian equities markets on Wednesday with negative cues from the Asian exchanges continuing to dampen investor sentiment and leading a barometer index to shed 219 points during the late-afternoon trade session. The barometer 30-scrip sensitive ...

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Swiss banks ask Indians to use compliance window

Swiss banks ask Indians to use compliance window

New Delhi:(IANS) Swiss and other European banks have asked Indian customers to avail the ongoing one-time compliance window granted by the tax department for disclosure of foreign assets. The call has been made in the wake of the final month’s ...

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Reserve Bank of India tackling inflation: Rajan

Reserve Bank of India tackling inflation: Rajan

By Arun Kumar Washington:(IANS) Reserve Bank of India (RBI) governor Raghuram Rajan says he is trying to bring down India’s high inflation rate while navigating complications like manufacturers who are hurt by higher interest rates and a stronger currency. RBI’s ...

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Surge short-lived, Indian shares fall again

Surge short-lived, Indian shares fall again

Mumbai:(IANS) After an initial surge, Indian share markets fell again on Tuesday, in line with global cues, a day after the mayhem in global financial markets and a crash in China spooked a key Mumbai index into shedding some 1,625 ...

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Rupee crashes to 23-month low

Rupee crashes to 23-month low

Mumbai:(IANS) A massive sell-off in the Indian equity markets pushed the Indian rupee to a 23-month low of Rs.66.79 to a dollar during intra-day trade on the foreign exchange markets. The rupee closed at the Rs.66.79-mark on the day when ...

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8-10 percent growth possible: Jaitley

8-10 percent growth possible: Jaitley

Kolkata:(IANS) While giving a call to break away from obsolete policies to develop the country’s eastern region, union Finance Minister Arun Jaitley on Sunday said it was possible to achieve 8 to 10 percent economic growth. “I do believe it ...

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