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The forex, money and commodity markets including bullion, oilseeds, spices will be closed today, May 4, on account of Buddha Poornima.
Rajan retained RBI’s benchmark repurchase rate, the rate at which the central bank lends to commercial banks, at 7.5%, preferring to hold off on a third reduction this year until lenders pass on the previous 50 basis point cut to their customers.
Fed's downgrade of economic outlook signals longer rate hike wait.
India brushes off concerns over gold import spike - for now.
The Fed pointed to weakness in the US labour market and economy in a policy statement that came after data showing tepid economic growth, suggesting the central bank may have to wait until the third quarter to begin raising interest rates.
The Federal Reserve downgraded its view of the US labour market and economy on Wednesday in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates.
India eases rules on testing gas finds to unlock $15.8 billion of gas.
Lok Sabha to discuss Finance Bill 2015. Finance Minister Jaitley is likely to move amendments to Finance Bill proposals in his reply.
Five foreign portfolio investors from UK and US have decided to challenge the the applicability of the minimum alternative tax on capital gains made from trading in stocks and government bonds.
On Wednesday, the government eases norms for oil and gas fields development. The decision is expected to benefit ONGC (stock trading 0.1 percent higher) and RIL (up 0.3 percent).
Moody's cut Greece's credit rating on Thursday deeper into junk territory, citing uncertainty over whether cash-strapped Athens will be able to finalize a deal with its creditors in time to make high debt repayments in May.
Government withdraws 2015 budget proposal to take away RBI’s power to regulate government bonds – Lok Sabha speaker.
Continued sales by foreign portfolio investors amid fresh worries on retrospective taxes, and a delay in earnings recovery and the land acquisition bill hurt sentiment.
Jaitley - all capital gains from sale of securities, royalties, technical service fee earned by foreign companies to be exempt from MAT.
India on Thursday put on hold its biggest overhaul of financial regulation in a generation, following pushback against its plans to strip the central bank of authority to regulate the government bond market and manage public debt.
India's annual infrastructure output growth contracted 0.1 percent in March, mainly dragged down by lower production of steel and cement.
India will cut the export tax on low-grade iron ore to 10 percent from 30 percent, Finance Minister Arun Jaitley said on Thursday, a move that will boost shipments of the steelmaking raw material from Goa.
On Thursday offered tax relief to foreign investors, exempting income from securities transactions, royalties and technical service from minimum alternative tax (MAT).
The tax department has issued demand notices to the tune of Rs 6,5007,000 crore (around $1 billion) to foreign portfolio investors (FPIs), claiming payment of minimum alternate tax (MAT) on capital gains related to transactions on Indian stock market
Fed’s Statement - Downgrades Economic Outlook Signals Later Rates Lift-Off
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