Economy News

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Govt to conduct GST masterclasses for traders, companies and officials

The Twitter handle for GST — @askGST_GoI — helps in keeping stakeholders updated on the indirect tax regime.

Jul 6, 2017

Welcome to Hell: 1,000 zombies protest on the streets of Hamburg, Germany

Welcome to Hell: 1,000 zombies protest on the streets of Hamburg, Germany

A thousand zombies staged a performance protest in Hamburg on July 5, ahead of the G20 summit, to highlight what they feel the summit should be focused on. The 1000 Gestalten activist group gathered 1,000 people for the silent, eerie protest.The group dressed the zombies in grey from head to toe and for several days ahead of the beginning of the G20 summit, on July 7, the protesters have been popping up in small groups across the city. Their performance piece culminated in a large gathering on July 5, when organizers said 1,000 of them walked slowly through the city. The group says they have staged the protest because they want the G20 to stand for a more open, egalitarian society, rather than power in the hands of the few.

Jul 6, 2017

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India, Israel seek to boost trade, investment

Trade between India and Israel stands at $4.16 billion, around $300 million in favour of Israel.

Jul 6, 2017

SBI

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

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Bosch says demand for driver assistance systems taking off

Bosch developed the electric powertrain and steering for Google's prototype autonomous vehicle and is a supplier of driver assistance systems to Tesla.

Jul 4, 2017

Real estate

Expensive digs: Post GST, luxury will come at a cost

Luxury apartments will be more expensive under the GST regime, but a developer will be eligible to avail of full credits on procurements upto the fresh tax liability.

Jul 4, 2017

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Black glitter: Gold tax hike under GST could boost illegal bullion, sales of jewellery

3% GST hike can spur blackmarketing and compel customers to purchase from small jewellers without taking receipts.

Jul 4, 2017

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GST: Gamechangers that can swing fortunes for India Inc, consumers, investors

There are many key takeaways for companies but the informal sector is expected to take a hit; here is how the dynamics matter for investors and consumers.

Jul 4, 2017

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Foreign investments into Indian equity and debt rise six-fold in June quarter

In comparison to $1.6 billion inflows in the June quarter last year, it rose to $12.2 billion for the three-month period this year.

Jul 4, 2017

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7th Pay Commission: 6.50 lakh Madhya Pradesh govt employees to get salary hike

The salary hike, in accordance with the 7th Pay Commission recommendations, will be applicable from January 1 2016 and the arrears will be paid over three financial years.

Jul 4, 2017

Air India

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017

Thyssenkrupp

Workers reject junior partner role for Thyssenkrupp in Tata JV

Thyssenkrupp reportedly aimed to hold less than half of the potential venture so it can deconsolidate the business from its balance sheet.

Jul 3, 2017

Office

More bleak days for IT sector; automation juggernaut is on and it's irreversible

IT companies have not performed too well in the markets this year either, with stocks slipping over 14 percent until now and the future seems bleak.

Jul 3, 2017

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GST impact: Fears of prices rising are "misplaced", says Shaktikanta Das

Don't pick up 5 items and say prices have gone up, says former economic affairs secretary on GST

Jul 2, 2017

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GST impact: Consumer durables burden may not be passed on to consumers

The consumer durables industry expects only a marginal price revision despite highest tax slab of 28%

Jul 2, 2017

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