Finance

New Service Tax of 14% will Make Food, Travel, Phone Bills Costlier from 1 June

A raise in service tax is also applicable on insurance, telephone bills, air travel and others.

May 20, 2015

Britain could attract $37bn funding to develop new antibiotics

A British government-backed review released on Thursday (14 May) is seeking billions of dollars to fund the development of 15 new antibiotics to counter antibiotic resistance.

May 15, 2015

Australian conservatives deliver soft budget after last years bruising

Australias conservative government delivered budget proposals on Tuesday (12 May) that were light on radical reform but heavy on pledges to return to surplus, playing it safe politically after the disastrous reaction to last years budget.

May 13, 2015

Pradhan Mantri Jeevan Jyoti Bima Yojana, Suraksha Bima Yojana: Where to Download Forms

The forms for Pradhan Mantri Jeevan Jyoti Bima Yojana and Suraksha Bima Yojana are available at all banks and govt websites.

May 11, 2015

Greeces Yanis Varoufakis says talks with euro zone have made progress

Greek Finance Minister Yanis Varoufakis said on 24 April that talks with his euro zone peers had improved over the past few weeks.

Apr 24, 2015

Banking Sector Frauds on Rise as Technology becomes Highly Sophisticated

Frauds encountered in the non-retail segment averaged 10 over the last two years, incurring a loss of about Rs 2 crore in each such incident, says Deloitte

Apr 24, 2015

Japanese bank starts using pint-sized robot as bank teller

One of Japans megabanks Bank of Tokyo-Mitsubishi showcased a robot bank teller on 13 April at its downtown Tokyo branch in the hope that the multilingual robot will help foreign customers during the Tokyo Olympics in 2020.

Apr 13, 2015

Weak US Jobs Data Erases Hopes of Mid-Year Rate Hike by Fed

The US economy shows further signs of slowdown following a year of robust growth, casting doubts over the expected start of monetary policy normalisation by the Federal Reserve.

Apr 4, 2015

Long Bank Holidays to Disrupt Financial Transaction, Salaries, Says Assocham; Seeks Help From RBI

The banks will remain open for just two days between 28 March and 5 April.

Mar 29, 2015

David Cameron drops VAT bombshell on Ed Miliband during Prime Ministers Questions

The prime minister promised a Tory government would not raise the rate from 20%.

Mar 25, 2015

Edmund Shing: As FTSE 100 hits all-time highs, its time to take advantage of stocks and shares

Not many people in Europe have taken advantage of stock market indices reaching all-time highs.

Mar 24, 2015

Corporate Espionage: Files of Etihad-Jet Airways Deal Leaked from Finance Ministry

Foreign investment promotion board's clearance to the Jet-Etihad deal was leaked last July itself.

Mar 16, 2015

ECB to launch €1tn bond buying scheme on 9 March

The European Central Bank said on 5 March that it will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

Mar 5, 2015

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates.