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Sudhir Kapadia says that Budget 2016-17 clearly attempts to achieve socialist objectives for the poor at the cost of the ‘well off’

Chanda Kochhar said that the most noteworthy highlight of the Budget is the adherence to fiscal targets without compromising on capital spending.

The idea of digitising all educational certificates is a novel way to bring more transparency to the education sector and a great enabler for employment.

The government has targeted reducing the fiscal deficit to 3.9% of GDP in the current financial year

Prime Minister Shinzo Abe will convene an advisory panel to consider an extra budget for the coming fiscal year, sources said days after the Group of 20 nations urged more fiscal spending to support the ailing global economy. Abe announced the plan Tuesday, saying the panel would help him prepare ...

The government has enlisted Toshiba Corp. to help it try to win Asia’s biggest defense contract, a $36 billion deal to build a dozen submarines for Australia, three sources said. Toshiba is considering building a factory in Australia to make lithium-ion batteries to power the vessels, according to the sources, ...

The Government Pension Investment Fund said it posted an investment profit of ¥4.73 trillion in October-December, swinging from a record loss in the previous quarter. The GPIF marked an investment return of 3.56 percent in the third quarter of fiscal 2015 thanks to rebounds in stock prices in Japan and ...

The dollar was around ¥113 in Tokyo trading late Tuesday after shedding earlier losses, backed by Japanese stocks’ resilience. At 5 p.m., the dollar stood at ¥112.95-95, little changed from ¥112.99-113.00 at the same time Monday. The euro was at $1.0875-876, down from $1.0956-0957, and at ¥122.85-86, down from ¥123.79-81. ...

Stocks wiped out earlier losses to close higher on the Tokyo Stock Exchange on Tuesday, supported by buybacks on the back of a pause in the yen’s rise. The 225-issue Nikkei average gained 58.75 points, or 0.37 percent, to finish at 16,085.51. On Friday, the key market gauge lost 161.65 ...

Household spending dropped for the fifth straight month in January, falling an inflation-adjusted 3.1 percent from a year earlier due to unusually warm weather, the government said Tuesday. Average monthly household spending in January totaled ¥280,973, according to data released by the Internal Affairs and Communications Ministry. The ministry maintained ...