Economy News

operation clean money, income tax department, suspicious deposits, tax harassment, tax terrorism, arun jaitley, indian tax payers, tax to gdp ratio in india, pm modi

Second phase of 'operation clean money' launched; 60,000 people under I-T dept's scanner

The Central Board of Direct Taxes, the I-T department's policy-making body, said it has detected over Rs. 9,334 crore of undisclosed income between November 9, 2016 and February 28, 2017.

Apr 14, 2017

china, chinese economy, china gdp growth for 2017, world bank report on china, chinese president xi jinping

World Bank forecasts China growth rate of 6.5% for this year

The World Bank also warns of issues arising from corporate debt in China,

Apr 13, 2017

Get your solar power at a nickel for every unit in India!

EnergyTrend has said that India may overtake Japan by the end of this year and become the third largest market of solar power in the world.

Apr 13, 2017

inflation, retail inflation, inflation for march 2017, india news, indian economy

India's retail inflation rises to 3.8% for March; February factory output plunges

The retail (CPI) inflation for March 2017 was on expected lines, but the sharp fall in factory output (IIP) was unexpected.

Apr 12, 2017

elss, mutual fund investments, mf investment, sip investment, deduction u/s 80c, tax planning, stock market returns, income tax returns

Mutual fund managers shunned Axis Bank, Coal India, Tech Mahindra, bought SBI, ICICI Bank, ITC, HDFC Bank, GAIL, Yes Bank in March 2017

A look at shares that mutual funds (MFs) traded heavily in February would give an indication on future trends for retail investors.

Apr 12, 2017

sbi revises atm charges, sbi minimum balance penalty, sbi cash transaction charges, icici bank cash transaction fee, icici bank atm free transactions, hdfc bank free cash transactions, axis bank free cash transaction

Bank accounts will be blocked if not self-certified by April 30

In a series of tweets, the income tax department on Wednesday came out with a new set of rules for bank account holders.

Apr 12, 2017

Why is there still a gender pay gap?

On average, women in full time work can expect to earn 18.1% less money throughout their careers than men in the UK.

Apr 11, 2017

iron, steel, iron ore, metal stocks, commodities, mining, metal prices, tata steel, jsw, hindalco, arabian sea, india exports, trade data, india trade, indian economy, india imports

Q4FY2017 preview: Metal companies likely to post highest quarterly profit growth in 5 years, says Motilal Oswal

Net profit of metal companies for Q4 is expected to rise 2.8 times to Rs 9,100 crore, says brokerage Motilal Oswal Securities.

Apr 11, 2017

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Domestic passenger vehicle sales cross 3 million units in FY2017

Passenger vehicle sales in FY2017 rose 9.2 percent to 30,46,727 units from 27,89,208 units sold in FY2016.

Apr 11, 2017

7th pay commission, pay commission, indian railway employees, suresh prabhu, central govt employees, allowances hike, lavasa committee

7th Pay Commission: Some Central employees could get huge hike in allowances

The hike in allowances for Central government employees as recommended by the 7th pay commission is applicable to almost 10 million staff.

Apr 10, 2017

leather exports from india, indian leather industry, cow slaughter in india, beef ban in india, indian leather exports, top importers of indian leather

India's falling leather exports could face further slide if more slaughterhouses come under attack

Export of leather goods fell 4.3 percent for the 11-month period ended February 2017, YoY; US, Germany, UK are top importers of Indian leather.

Apr 10, 2017

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FDI equity inflows from China into India rise sharply in four years

China Inc., comprising Alibaba Group, Oppo, Vivo, and Huawei, have been ramping up investments in India.

Apr 10, 2017

budget 2017, digital india, digidhan, Lucky Grahak Yojana, pm modi, fm arun jaitley

Lucky Grahak Yojana: Central Bank of India customer wins Rs 1 crore in lucky draw; PM Modi to felicitate winners on April 14

In the consumer category, three mega prizes of Rs 1 crore, Rs 50 lakh and Rs 25 lakh went to people using Rupay debit cards to make digital payment of less than Rs 1,000.

Apr 9, 2017

Pranab Mukherjee calls for unstinted support to PM Modi's mission of a less-cash India

President Pranab Mukherjee also said that the Aadhaar card initiative is a watershed event in the development story of India.

Apr 9, 2017

indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

India's foreign exchange reserves rise $10 billion in FY2017

In an update, the Reserve Bank of India said that India's foreign exchange reserves stood at $369.95 billion as of March 31, 2017.

Apr 8, 2017

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Economy News

Second phase of 'operation clean money' launched; 60,000 people under I-T dept's scanner

World Bank forecasts China growth rate of 6.5% for this year

Get your solar power at a nickel for every unit in India!

India's retail inflation rises to 3.8% for March; February factory output plunges

Mutual fund managers shunned Axis Bank, Coal India, Tech Mahindra, bought SBI, ICICI Bank, ITC, HDFC Bank, GAIL, Yes Bank in March 2017

Bank accounts will be blocked if not self-certified by April 30

Why is there still a gender pay gap?

Q4FY2017 preview: Metal companies likely to post highest quarterly profit growth in 5 years, says Motilal Oswal

Domestic passenger vehicle sales cross 3 million units in FY2017

7th Pay Commission: Some Central employees could get huge hike in allowances

India's falling leather exports could face further slide if more slaughterhouses come under attack

FDI equity inflows from China into India rise sharply in four years

Lucky Grahak Yojana: Central Bank of India customer wins Rs 1 crore in lucky draw; PM Modi to felicitate winners on April 14

Pranab Mukherjee calls for unstinted support to PM Modi's mission of a less-cash India

India's foreign exchange reserves rise $10 billion in FY2017

Jasprit Bumrah to tie-the-knot this weekend in Goa: Reports

Bomb scare at Taj Mahal was hoax; tourist entry resumes

Karnataka dead man comes alive moments before autopsy; here's what happened

Ibrahim Ali Khan is every bit of a royal Nawab at Punjab CM's granddaughter's wedding (PICS)

Sona Mohapatra slams Janhvi Kapoor's Nadiyon Paar: We have no spine, guts to back the new