Economy News

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DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

Trump delivers speech on tax reform

U.S. President Donald Trump said on Sept. 6 he would get into great detail about his tax reform plan in the next two weeks.Trump, during a visit to North Dakota, listed his broad principles for tax reform to include simplifying the U.S. tax code and providing tax relief to middle-class Americans.

Sep 7, 2017

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GST collections hit Rs 94,000 crore for July

The number of returns filed has shot up to 44 lakh and more than Rs 2,500 crore more has come in as taxes.

Sep 7, 2017

Rich poor gap: 'India's income inequality highest since 1922'

The research paper revealed that in India, the income growth rate of top one percent was 13 times higher than the bottom 50 percent.

Sep 6, 2017

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Falling oil prices: OPEC on slippery slope as it chases long-term economic ambitions

It is a relief to many import dependent developing economies that oil price has not surged over the April 2011 level, during which it touched $123.37 a barrel.

Sep 6, 2017

From book launch to bank mergers and demonetisation, here's what Raghuram Rajan said

"In that duty (as RBI governor), you sometimes have to say no to pressures that come down on you," Rajan said.

Sep 6, 2017

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Currency printing presses demand Rs 577 cr from RBI for Modi govt's DeMo drive

The big amount demanded from the central bank is mainly because of importing currency note paper and other printing materials used for printing Rs 500 and Rs 1,000 notes.

Sep 6, 2017

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

spicejet changes in cancellation rules refund airlines india aviation civil

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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Economy News

DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Trump delivers speech on tax reform

GST collections hit Rs 94,000 crore for July

Rich poor gap: 'India's income inequality highest since 1922'

Falling oil prices: OPEC on slippery slope as it chases long-term economic ambitions

From book launch to bank mergers and demonetisation, here's what Raghuram Rajan said

Currency printing presses demand Rs 577 cr from RBI for Modi govt's DeMo drive

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

J&K's IAS aspirant tops class 12 exams; mother visits son's grave to congratulate [details]

"Women belong in kitchen": Burger King's clickbait attempt to promote scholarship backfired

Bigg Boss Kannada 8: Nirmala, Divya, Geetha, Nidhi, Vishwanath, Chandrakala Nominated in 2nd Week

NIA takes over Ambani security scare case as the mystery continues [details]

India Seeks Funds From Quad To Match China's Vaccine Push: Report