Auto cos slash production to drive through slowdown

The crisis in the auto sector is deepening and leading companies are going for production cut to drive through the slowdown

No need for pessimism over 5% growth, says FM

India's finance minister Nirmala Sitharaman said that there was no need for unnecessary pessimism as far as 5% GDP growth is concerned

In line with his promise that India will not levy any tax with retrospective effect, finance minister Arun Jaitley announced that the government would delay by two years the implementation of the planned General Anti-Avoidance Rules (GAAR),...



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