Economy News

Disclosure of property, jewelry and overseas account holdings not allowed in PMGKY tax amnesty scheme

The Central Board of Direct Taxes said only unaccounted domestic cash holding can be declared through the scheme.

Jan 19, 2017

India CV industry outlook FY2017: Pre-buying ahead of BS-IV emission norms to partially offset slump after note ban

Across the CV industry, medium and heavy commercial vehicle (M&HCV) segment is likely to register a marginal growth of 0-2 percent in FY2017 impacted by demonetisation.

Jan 18, 2017

Real Estate in Union budget 2017: 5 expectations that govt should address this financial year

Here are five expectations of the real estate sector that need to be addressed in the union budget 2017-18.

Jan 18, 2017

RBI governor Urjit Patel keeps 1.30 billion Indians guessing on demonetisation

At a briefing before the Standing Committee on Finance panel on Wednesday, RBI chief Urjit Patel did not speak about banned notes returned.

Jan 18, 2017

Cabinet approves India-UAE maritime transport and highways pact

The agreement would also encourage the use of existing installations for waste disposal and enable shipping companies in India and UAE to enter into bilateral and multi-lateral arrangements

Jan 18, 2017

7th Pay Commission: Interesting insights by Mathur panel on salaries, allowances

The 7th Pay Commission, headed by Justice Ashok Kumar Mathur, also received some rare feedback from Central government employees.

Jan 18, 2017

Cabinet clears public listing of 5 state-run general insurance companies

New India Assurance Co, United India Insurance, Oriental Insurance, National Insurance Company and General Insurance Corp would be publicly listed.

Jan 18, 2017

Black money purge: Demonetisation not a cure, says Assocham

Tendering high-value currency notes illegal can do little about the ill-gotten wealth converted into assets like gold and real estate, Assocham said in a study.

Jan 18, 2017

Bengaluru ranked 'most dynamic city' in the world

Hyderabad (ranked fifth) is the only other Indian city besides Bengaluru which has found a place in the top 10. Among the next 20 cities, Pune is at 13 while Chennai at 17.

Jan 18, 2017

Brexit: Here is the 12-point plan British PM Theresa May laid out for UK leaving the EU

British PM Theresa May warned that she would not tolerate 'opposition for opposition's sake' when time came for the Brexit deal to be negotiated

Jan 17, 2017

Domestic Air Traffic: How IndiGo, Jet Airways, SpiceJet, GoAir, Air India, others performed in December

IndiGo continued to lead as the largest carrier with a market share of 40.3 percent in December 2016.

Jan 17, 2017

Demonetisation did not affect foreign tourist arrivals in December

Foreign tourist arrivals (FTAs) into India rose 13.6 percent YoY in December 2016, the first full month after demonetisation decision by PM Modi.

Jan 17, 2017

India's oil demand growth rate continues to outpace China's for third successive year

Analysts opine that gains in oil demand from manufacturing-led Make in India initiative will more than offset the negative impact of the note ban.

Jan 17, 2017

Budget 2017: Preview of Modi Govt's finances by BofA Merrill Lynch

The BofA Merrill Lynch Global Research report says impact of 7th pay commission proposals, PSU bank recapitalisation, fiscal deficit hold key.

Jan 17, 2017

IMF bumps up US and China growth outlook, downgrades India on note ban

Donald Trump's promised plans to cut taxes and boost infrastructure spending is expected to boost US growth in 2017 and 2018, the IMF said.

Jan 17, 2017