Economy News

Demonetisation: Will citizens holding scrapped Rs 500, Rs 1,000 notes after December 30 have to pay Rs 50,000 fine?

There could also be criminal liability and the cases involving violation of the rule will be heard by the municipal magistrate who will decide on the penalty.

Dec 27, 2016

Budget 2017: PM Modi to meet economists, experts on Tuesday

The Budget session of the Parliament is expected to begin from February 1, 2017.

Dec 26, 2016

Sagarmala projects worth Rs 1 lakh crore under implementation: Nitin Gadkari

Shipping minister Nitin Gadkari was speaking to the media after inaugurating Sagarmala Development Company.

Dec 26, 2016

After demonetisation, Modi govt to now target illegal properties in drive against corruption

On Sunday, PM Modi hinted during the Mann ki Baat radio show that benami properties will be the next target.

Dec 26, 2016

7th Pay Commission: Good news for Central government employees

Millions of Central government employees are awaiting a decision on hike in allowances as proposed by the 7th Pay Commission.

Dec 26, 2016

PE inflows into residential sector poised for sharp rise: JLL India

With limited scope for further leverage, developers will be open to providing good entry points to the long-term equity investors, says JLL.

Dec 26, 2016

Budget 2017: PM Modi's taxation comment could raise 'uncertainty' among foreign investors, says Kotak

Narendra Modi's comment on taxes on financial markets could trigger uncertainty among foreign investors (FPIs) before Budget 2017.

Dec 26, 2016

Budget 2017: FM Arun Jaitley says time for India to have 'globally competitive' taxes

Jaitley said tax compliance by citizens must be reciprocated; it's being seen as possible lowering of tax rates in Budget 2017.

Dec 26, 2016

Farmers are fast going digital, says PM Modi

In his monthly radio address Mann Ki Baat, PM Narendra Modi cites the example of fertiliser sales via PoS in Gujarat driven by GNFC.

Dec 26, 2016

Demonetisation: Cash withdrawal limits may not be eased even after December 30

Inability to keep pace with rapid withdrawals even after the RBI's remonetisation could see withdrawal woes persisting even after December 30.

Dec 25, 2016

7th Pay Commission: Bad news for staff and pensioners of autonomous bodies as their pay revision may be delayed further

The Confederation of Central Government Employees and Workers (CCGEW) has already taken up the matter of the delay with the Centre.

Dec 25, 2016

Demonetisation: Govt launches Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to promote digital payments

The aim of the two schemes is to attract the attention of the citizens and encourage them to undertake digital transactions.

Dec 25, 2016

Demonetisation: RTOs to accept digital payments from January 1

From January, applicants won't be required to make payments in cash.

Dec 25, 2016

Budget 2017: Modi sets eyes on income from stock markets; capital market gains could attract higher taxes

Modi said gains from financial markets have been taxed low so far and those who profit must make a fair contribution to nation-building through taxes.

Dec 25, 2016

Cash worth Rs 76.62 lakh, 700 kg ganja recovered by police, IT dept over weekend

Three people were detained in Bhuj for carrying Rs 27.62 lakh in new currency.

Dec 25, 2016