Economy News

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

pmi june orders export domestic factory output manufacturing activity rise growth spurt pmi india

Indian factory activity gains momentum in August amid GST confusion

The Nikkei/Markit Purchasing Managers' Index unexpectedly rose to 51.2 in August from July's contraction of 47.9, marking the biggest one-month jump in more than five years.

Sep 1, 2017

Modi govt extends Aadhaar-PAN linking deadline to December 31

Over 9.3 crore PAN-Aadhaar linkages were done till early August and nearly 30 crore were done in June and July. The number of linkages is now expected to surge.

Sep 1, 2017

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

GVA (Gross Value Added) stagnates at 5.6% in Q1; note ban, GST rollout caused bigger disruption than expected

Aug 31, 2017

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FM Jaitley to private debtors: Pay dues or allow others to take over

Last month, the Reserve Bank of India (RBI) initiated insolvency proceedings against 12 large corporate defaulters, who account for Rs 2 lakh crore, almost one-fourth of the country's bad loans.

Aug 31, 2017

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Demonetisation fails: GDP growth fell to 6.1% while Modi govt hunted for 'black money'

No matter how inconsequential from an economic point of view, demonetisation has turned out to be a political victory for Prime Minister Narendra Modi.

Aug 31, 2017

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Demonetisation: Major chunk of deposited notes could be black money, says Finance Ministry

The Reserve Bank of India says that of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh crore notes -- nearly 99 percent -- had returned to the system through public deposits.

Aug 31, 2017

Of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh cr, or 99%, returned to the system, says RBI

RBI said the value of banknotes in circulation declined by 20.2 percent during the year to Rs 13.1 lakh crore.

Aug 30, 2017

Bloomberg charity scrutinised by India for anti-tobacco funding, lobbying

The government has since 2014 tightened surveillance of non-profit groups, saying they were acting against India's national interests.

Aug 29, 2017

Income Tax Department is facing major manpower crunch

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

About 3,000 posts of Income Tax Inspector are vacant and Assessment Officers are said to be overburdened with work.

Aug 29, 2017

Inflammable: Petrol prices spurt almost Rs 6, at 3-year high after 'dynamic pricing'

Petrol prices are now at their highest since August 2014.

Aug 29, 2017

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IT labour unions approach Chennai labour dept, demand inquiry into mass layoffs

The unions demanded immediate relief to employees who have filed petitions under section 2A of IT Act against forced resignations, the NDLF's IT employees' wing said.

Aug 29, 2017

Modi govt unlikely to shift financial year to January-December

Switching the financial year would mean the budget would have to be presented by end of October or early November, which is unrealistic.

Aug 29, 2017

Niti Aayog proposes to remove agriculture from Essential Commodities Act: Report

The move is aimed to organise trading and is likely to reduce handling costs, reduce prices and increase returns for farmers, the report stated.

Aug 28, 2017

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RBI to introduce brand new Rs 1,000 note: Report

The new Rs 1,000 currency note will come with enhanced security features and could be out as early as December 2017.

Aug 28, 2017

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Economy News

Pay up or begone, Supreme Court tells managements of defaulting firms

Indian factory activity gains momentum in August amid GST confusion

Modi govt extends Aadhaar-PAN linking deadline to December 31

Gross pain: Hard trudge for GDP, growth touches 3-year low of 5.7% in Apr-June

FM Jaitley to private debtors: Pay dues or allow others to take over

Demonetisation fails: GDP growth fell to 6.1% while Modi govt hunted for 'black money'

Demonetisation: Major chunk of deposited notes could be black money, says Finance Ministry

Of Rs 15.44 lakh crore of banned notes, Rs 15.28 lakh cr, or 99%, returned to the system, says RBI

Bloomberg charity scrutinised by India for anti-tobacco funding, lobbying

Income Tax Department faces major shortage of manpower: Reports [VIDEO]

Inflammable: Petrol prices spurt almost Rs 6, at 3-year high after 'dynamic pricing'

IT labour unions approach Chennai labour dept, demand inquiry into mass layoffs

Modi govt unlikely to shift financial year to January-December

Niti Aayog proposes to remove agriculture from Essential Commodities Act: Report

RBI to introduce brand new Rs 1,000 note: Report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Aroa opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react