Economy News

Paytm Payments Bank, launch, offers,cash back

Paytm Payments Bank service goes live in India; all you need to know

The Paytm Payments Bank has set a target to open 31 branches and 3,000 customer service points in its first year of operations and aims to attract 500 million users in three years.

May 23, 2017

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7th Pay Commission: Modi Govt may take a decision on raising allowances for Central govt employees this week

The 7th Central Pay Commission's recommendations on allowances were analysed by the Ashok Lavasa panel that submitted its report last month.

May 22, 2017

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Assocham hails GST as Modi government's biggest achievement in 3 years

In a statement, industry body Assocham says apart from GST, other achievements of the Modi government in three years include push towards digitalisation and financial inclusion.

May 21, 2017

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India Inc reacts to finalisation of GST rates; telecom sector 'disappointed'

Reactions have come from industry groups and industrialists to the finalisation of tax rates by the GST Council.

May 20, 2017

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New GST rates leave service providers worried

The Goods and Services Tax will have rates of 5, 12, 18 and 28 percent for services such as telecoms, insurance and restaurants, and experts feel the four rate bands could complicate compliance and give more power to tax authorities.

May 20, 2017

GST Council exempts healthcare, education from taxes; next meeting on June 3

On the second day of the GST Council meeting headed by finance minister Arun Jaitley, it was decided to exempt education and healthcare from taxes.

May 19, 2017

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GST a bane or blessing? Small cars to become costlier, SUVs, luxury cars to go cheaper

The GST Council finalised the tax rates of 1,211 items on Thursday, May 18 in four tax slabs — 5, 12, 18 and 28 percent and the cars attract the highest tax rate of 28%.

May 19, 2017

From Bill Gates to Mark Zuckerberg, how the world's richest lost millions thanks to Trump mayhem

In tune with the stock markets shedding gains on Wednesday, some of the world's richest people such as Mark Zuckerberg and Bill Gates reportedly lost big bucks.

May 18, 2017

GST Council finalises tax rates for 1,211 items; cars, refrigerators, ACs to attract 28%

The Goods and Services Tax (GST) Council finalised tax rates for 1,211 items; cars to be taxed at 28 percent, milk, cereals and wheat to be exempt.

May 18, 2017

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Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in April 2017

India's civil aviation regulator releases domestic air traffic data for April 2017; IndiGo does better than SpiceJet, Air India, Jet Airways to retain its position as the largest.

May 18, 2017