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BW Online Bureau

BW Online Bureau

Latest Articles By BW Online Bureau

Limited Room To Reduce Fiscal Deficit To 3 Per Cent In FY'18: Moody's

The government is likely to achieve its fiscal deficit target of 3.5 per cent of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3 per cent in 2017-18, Moody's said on Monday

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PE Inflows Into Real Estate Sector Jumps 62% To Rs 38,000 Crore In 2016

Private equity inflows into the country's real estate sector surged 62 per cent to Rs 38,000 crore, during 2016, largely helped by Parliament's clearance of two significant legislations -- Real Estate (Regulation and Development) Bill and GST

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Demonetisation | RBI Governor Urjit Patel To Appear Before PAC As Scheduled On Jan 20, Says Thomas

PAC Chairman K V Thomas on Monday said a meeting with Finance Ministry officials has been deferred to February 10 in view of Budget preparations but RBI Governor Urjit Patel will appear before it as per schedule on January 20 on the demonetisation issue

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Don't Interfere In Real Estate Sector: Adi Godrej To Govt

Godrej Group Chairman Adi Godrej has said the government should not "interfere" in the real estate sector, often cited as one of the biggest black money generators, even as he termed demonetisation a "positive step"

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Time To End Tax Havens: Richest 1 Per Cent Own 58 Per Cent Of India's Total Wealth, Says Oxfam

In signs of rising income inequality, India's richest 1 per cent now hold a huge 58 per cent of the country's total wealth -- higher than the global figure of about 50 per cent, a new study showed on Monday

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WPI Inflation Rises To 3.39% In December, But Food Prices Cool

India's wholesale prices rose 3.39 per cent year-on-year in December, their fastest pace in two months

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Asia's Oldest Stock Exchange BSE May Raise Rs 1,243 Crore In IPO

Indian stock exchange BSE Ltd's initial public offering of shares next week may raise as much as Rs 1,243 crore for its investors, based on the indicative price range for the sale announced on Monday

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South Korea Prosecutors To Seek Arrest Of Samsung Chief

South Korea's special prosecutors' office said it will seek a warrant to arrest the head of Samsung Group, the country's biggest conglomerate, as a corruption scandal engulfing President Park Geun-hye escalated on Monday

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World's Eight Richest As Wealthy As Half Humanity, Oxfam Tells Davos

Just eight individuals, all men, own as much wealth as the poorest half of the world's population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top

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Philip Morris Jolted By Indian Proposal To Ban Foreign Tobacco Investment

Philip Morris International is fighting to keep a toehold in India's $11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector

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