Economy News

Embarrasing timing: PM Modi's '7,000 reforms in 3 years' claim came a day after Economist downvoted him as reformer

PM Narendra Modi said during his meeting with businessmen in US that his govt has done 7,000 reforms in last three years. Just a day earlier, the revered Economist termed him a fine administrator but not so a reformer.

Jun 27, 2017

Budget likely in November as Centre mulling over change in financial year

The budget will have to be held at the beginning of November so that the budgetary exercise, which takes about two months, can be completed by the end of the year.

Jun 27, 2017

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Ahead of GST rollout, govt postpones implementation of TDS, TCS

The decision was taken upon trade and industry feedback on Tax Deduction at Source and Tax Collection at Source.

Jun 26, 2017

Google, Microsoft affected in Rs 15,000 cr Telangana real estate scam

The latest episode that has triggered a fresh wave of panic among investors is the largest land scam in Telangana involving hundreds of acres.

Jun 26, 2017

Amazon will keep investing in India, Bezos assures Modi

Jeff Bezos was one of 20 odd US business leaders who met Modi on Sunday.

Jun 26, 2017

GST rollout on July 1 expected to boost job market with over 1 lakh immediate openings

The GST is likely to create about 1 lakh job openings in the country, including in specialised areas such as taxation, accounting and data analysis.

Jun 26, 2017

The Hurting Locker: Trust and liability are gone with the RBI wind

Are banks saying that they don't care for lost or stolen goods from their lockers, but will still charge customers for taking the risk?

Jun 26, 2017

Big deal with steel: Rs 5,000-cr JV between SAIL and ArcelorMittal may be closed next month

The proposed Rs 5,000-crore joint venture seeks to construct a cold rolling mill and other downstream finishing facilities in India.

Jun 25, 2017

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IT Layoffs: Employees' union asks Karnataka IT minister to intervene

"The Karnataka state government should soon convene a meeting with IT firms to stop such illegal layoffs," ITEU president AC Kumara Swamy said.

Jun 24, 2017

Govt red-flags $13-bn oil deal between Essar and Rosneft

Deal expected to result in substantial debt reduction for the Essar Group, and help the Kremlin-controlled giant increase oil refining output by 20 per cent.

Jun 24, 2017

Vijaya, Dena mulled as possible acquisition targets for Canara Bank

Govt likely to push proposal forward after monsoon session of Parliament is over in August.

Jun 24, 2017

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GST: Third round of registration opens on June 25; call centres to go live the same day

The first and second rounds for registration under the GST were during November 2016-April 2017 and early in June; call centres also go live from Sunday.

Jun 24, 2017