Business

India clocked 7.6 per cent growth rate in 2015-16 when there was a global slowdown, and deficient rainfall for two years in a row, he said.

Listing out various measures aimed at simplifying the procedures, Jaitley said dispute resolution mechanism has been put in place at the appeals stage with respect to tax matters.

The funds held by Indians with Swiss banks stood at a record high of CHF 6.5 billion (Rs 23,000 crore) at 2006-end.

The US dollar was weak against the major world currencies in overseas markets which also strengthened the rupee sentiment, dealers said.

On Friday the pound had its biggest one-day fall against the dollar, at one stage sinking as low as $1.3236.

In 2009, Docomo had acquired 26.5 per cent stake in Tata Teleservices for about Rs 12,740 crore.

Deveshwar, 69, joined ITC in 1968, according to the company's website. He has been the CEO and chairman of the company for more than two decades.

Under the compliance window, income as declared by the eligible persons, would be taxed at the rate of 45 per cent which is 30 per cent plus a 'Krishi Kalyan Cess' of 25 per cent on the taxes payable and a penalty at the rate of 25 per cent of the taxes p...

The regulators are especially worried after having seen the markets going into a tizzy recently just on unconfirmed reports that Rajan was not keen on a second term.

Now buyers will have to pay GST on articles they receive free.

Rajan, who was appointed by the previous UPA government for a three-year term that began on September 4, 2013, has been under attack from some quarters in the BJP, including its Rajya Sabha MP Subramanian Swamy, for what they say his failure to lower inte...

"I was against this targeting of inflation as an objective of monetary policy. We are too diverse, too many things happen in India... that is the root of the problem, not Raghuram Rajan," Shourie said.

With the firming up of both wholesale and retail inflation, the Reserve Bank may delay the interest rate cut despite a sluggish industrial output.

The Scheme for Sustainable Structuring of Stressed Assets (S4A) will cover those projects which have started commercial operations and have outstanding loan of over Rs 500 crore.

Rajan said that his long term plan is to teach. "My long term plan is to get back into academics, to teach and to go for research," he added.

Silver coins, however, continued to trade at previous levels of Rs 66,000 for buying and Rs 67,000 for selling of 100 pieces.