Global Economy 30 Aug 2016 by Tojo Jose

Apple punished by $13 billion for illegal Irish tax arrangement

Apple punished by $13 billion for illegal Irish tax arrangement

The Apple Corporation was asked by European Commission to pay a record breaking tax and penalty of $13 billion as the EU Commision has found that its tax arrangement in Ireland is illegal. Both Ireland and Apple opposed the penalty and said that they will go for review petition. Apple had paid only..

External Sector 30 Aug 2016 by Tojo Jose

US revives comprising stand on WTO issues with India

The US has expressed the hope it can find common ground on trade issues with India and other developing countries on controversial trade issues like the Doha round subjec

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Global Economy 27 Aug 2016 by Tojo Jose

The Fed gives a rate hike warning to central banks and global markets

The first test for the new RBI Governor Urjit Patel is on the card. US Fed’ Chairperson Janet Yellen indicated that the Fed is thinking about the rate hike when its

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Markets 26 Aug 2016 by Tojo Jose

RBI launches big bang reforms to rejuvenate corporate bond market

All of a sudden, the RBI has announced several path breaking measures to give life to the country’s corporate bond market. The central bank has announced several ma

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Goverment & RBI 23 Aug 2016 by Tojo Jose

Government to complete the formation of Monetary Policy Committee

The government is about to complete the setting up of the Monetary Policy Committee by appointing three of its nominees to it. The MPC has six members; three each from th

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Goverment & RBI 20 Aug 2016 by Tojo Jose

Urjit Patel is the new RBI Governor

Deputy Governor of the RBI, Urjit Patel has been chosen by the government as the successor of the outgoing Governor Raghuram Rajan. Patel will become the 24th governor of

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Markets 18 Aug 2016 by Tojo Jose

SBI finalizes the merger of associated banks to form the single State Bank

Executive Board of the nation’s largest banker –State Bank of India has approved the merger of its five associates bank with it. The merger proposal is alrea

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