Economy News

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Exporters demand complete GST exemption on capital crunch

About Rs 1.85 lakh crore of working capital will get stuck annually because of GST implementation.

Sep 6, 2017

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GST impact: Indian services activity contracts in August

The Nikkei India Services Purchasing Managers' Index (PMI) Business Activity Index improved slightly to 47.5 in August from 45.9 in July.

Sep 5, 2017

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State-owned banks asked to opt for alternative mechanism for faster merger: Report

On August 23, the central government gave an in-principle approval for the mergers of state-owned lenders.

Sep 4, 2017

Digital gold: Bitcoin value zooms past record $5,000 mark

Bitcoin gained a massive 400% growth in terms of value thanks to increased interest expressed by major financial institutions over cryptocurrencies backed by blockchain technology for secure transactions.

Sep 3, 2017

Never favoured demonetisation, suggested alternatives: Raghuram Rajan

"At no point during my term was the RBI asked to make a decision on demonetisation.": Raghuram Rajan

Sep 3, 2017

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Government waives penalty on late GST returns for July

For July, GSTR-1 needs to be filed between September 1 and 5 and GSTR-2 between September 6 and 10.

Sep 2, 2017

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Air travel in domestic flights gets costlier as regional cess comes into effect

Airlines have been opposing the DGCA order and asking the government to find some other way to create Regional Cess Fund.

Sep 2, 2017

Pay up or begone, Supreme Court tells managements of defaulting firms

SC ruled in favour of ICICI Bank in the case of Innoventive Industries which owes banks over Rs 950 crore.

Sep 2, 2017

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Indian factory activity gains momentum in August amid GST confusion

The Nikkei/Markit Purchasing Managers' Index unexpectedly rose to 51.2 in August from July's contraction of 47.9, marking the biggest one-month jump in more than five years.

Sep 1, 2017

Modi govt extends Aadhaar-PAN linking deadline to December 31

Over 9.3 crore PAN-Aadhaar linkages were done till early August and nearly 30 crore were done in June and July. The number of linkages is now expected to surge.

Sep 1, 2017

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

GVA (Gross Value Added) stagnates at 5.6% in Q1; note ban, GST rollout caused bigger disruption than expected

Aug 31, 2017

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FM Jaitley to private debtors: Pay dues or allow others to take over

Last month, the Reserve Bank of India (RBI) initiated insolvency proceedings against 12 large corporate defaulters, who account for Rs 2 lakh crore, almost one-fourth of the country's bad loans.

Aug 31, 2017

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Demonetisation fails: GDP growth fell to 6.1% while Modi govt hunted for 'black money'

No matter how inconsequential from an economic point of view, demonetisation has turned out to be a political victory for Prime Minister Narendra Modi.

Aug 31, 2017

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Demonetisation: Major chunk of deposited notes could be black money, says Finance Ministry

The Reserve Bank of India says that of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh crore notes -- nearly 99 percent -- had returned to the system through public deposits.

Aug 31, 2017

Of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh cr, or 99%, returned to the system, says RBI

RBI said the value of banknotes in circulation declined by 20.2 percent during the year to Rs 13.1 lakh crore.

Aug 30, 2017

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Economy News

Exporters demand complete GST exemption on capital crunch

GST impact: Indian services activity contracts in August

State-owned banks asked to opt for alternative mechanism for faster merger: Report

Digital gold: Bitcoin value zooms past record $5,000 mark

Never favoured demonetisation, suggested alternatives: Raghuram Rajan

Government waives penalty on late GST returns for July

Air travel in domestic flights gets costlier as regional cess comes into effect

Pay up or begone, Supreme Court tells managements of defaulting firms

Indian factory activity gains momentum in August amid GST confusion

Modi govt extends Aadhaar-PAN linking deadline to December 31

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

FM Jaitley to private debtors: Pay dues or allow others to take over

Demonetisation fails: GDP growth fell to 6.1% while Modi govt hunted for 'black money'

Demonetisation: Major chunk of deposited notes could be black money, says Finance Ministry

Of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh cr, or 99%, returned to the system, says RBI

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react