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India not yet ready for full capital account convertibility of rupee: RBI Deputy Guv

RBI deputy governor H R Khan has said that India is not yet ready for full capital account convertibility of rupee. Addressing the Finance Conclave 2015 in Mumbai recently, Mr. Khan said that the pros and cons of full capital account openness is a contentious issue as India is an expanding economy a...


Sri Lankan govt presents interim budget; Imposes casino tax of 1 bn rupees

Sri Lanka's new Finance Minister Ravi Karunanayake today presented a ‘mini-budget’ that announced a slew of measures giving relief to the common man. Prices have been reduced for a number of essential goods including, kerosene, LPG, cement, sugar, milk-powder, wheat flour, fish and vegetables. I...


Govt to sell up to 10% stake in Coal India

To meet the fiscal deficit, the government will sell up to 10 per cent stake in state owned Coal India tomorrow. The decision will help the government to raise revenue of 24,000 crore rupees at the current market price. The decision on CIL stake sale was cleared by high-powered ministerial panel hea...


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"Mann Ki Baat-Part IV"
On
27th Jan 2015

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