Economy News

India unveils blueprint for $1 trillion digital economy

The plan to achieve $1 trillion in digital and IT by 2022 also envisages India to become a global hub of low-cost digital technology.

Jun 17, 2017

Taxing with parity: India all set for GST, says top Finance Ministry official

GST will require firms to file at least three online tax returns monthly into the GST Network, which will process up to 5 billion invoices a month.

Jun 17, 2017

RBI's decision against loan defaulters reveals rot that set in during UPA regime

RBI deputy governor Dr Viral Acharya had, in February this year, made interesting comments on bad loans that are now part of 12 big defaulters.

Jun 17, 2017

IT spend by Indian banks to grow 8.6% in 2017

IT services will grow the fastest at 13.8 percent in 2017 followed by software at 13.4 percent.

Jun 16, 2017

Pre-GST bonanza: Cars, bikes up for a steal; check out complete list of discounts and offers

Maruti Suzuki, Hyundai, Mahindra, Honda, Nissan and Ford India have also joined the bandwagon with lucrative offers.

Jun 16, 2017

NSDL, Thomson Reuters sign agreement to offer joint solutions for GST

The two entities will offer integrated Goods and Services Tax (GST) proposition for large and mid-sized corporations in India.

Jun 16, 2017

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Aadhaar becomes mandatory for opening bank accounts and financial transactions above Rs 50,000 from June 1; existing bank account holders have to get Aadhaar by December 31 this year, else their accounts will become invalid.

Jun 16, 2017

Cab wars: Ola, Uber head down the long, bumpy road

App-based aggregators Ola and Uber have only themselves to blame for the current mess roiling the industry

Jun 15, 2017

Indian warehousing sector: The spine to get stronger

Several international companies are hopeful about the Indian logistics market, with announcements of various global players to increase presence.

Jun 15, 2017

How RERA will impact residential real estate prices

Change in demand-supply dynamics post RERA has led to the number of launches in most cities being scaled down.

Jun 15, 2017

GST Council to meet on June 18; revision of tax rates for certain items on cards

The 17th GST Council meeting headed by finance minister Arun Jaitley is scheduled to take up revision of tax rates for some items and rules for the e-way bill.

Jun 15, 2017

Pre-GST bonanza: Cars, phones, other products up for grabs at discounted prices; next GST Council could throw surprises

Discounts are being offered on a range of products, including cars, mobile phones, air-conditioners and laptops.

Jun 15, 2017

Daily petrol, diesel prices scheme has a surprise element; how to check prices every day

From Friday, petrol and diesel prices will be revised across India, but there is a catch.

Jun 15, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

Fed raises rates, unveils balance sheet cuts in sign of confidence

Federal Reserve raised interest rates for the second time in three months, signalling its confidence in a growing US economy and strengthening job market.

Jun 15, 2017