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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

Operation Clean Money: 6.6 lakh people identified with inconsistent tax profile

While 5.6 lakh people are from the second phase of the operation, the rest had not disclosed their bank accounts properly in the first round. Jul 15, 2017
Dollars

Held to account: NRIs may be asked to disclose financial details outside India

NRIs will have to share account numbers of overseas bank accounts, bank names and office locations with the tax office, says Economic Times report. Jul 14, 2017
gst, gst council, gst rates, gst for small traders, gst forms, gst tally, gst india inc, gst banks, gst arun jaitley

Govt sets July 21 deadline for taxpayers keen to opt for composition scheme under GST

Those having an annual turnover of up to Rs 75 lakh have the option that enables to pay presumptive tax at prescribed rates. Jul 14, 2017
Bombay Stock Exchange (BSE)

Govt extends deadline for listed PSUs to comply with shareholding norms

The deadline, which was set to end next month, has been extended to August 2018. Jul 14, 2017
India vs China - Military Power Comparison

China vs US: Which nation is the current global economic power?

A new survey in 38 countries has found that China is, in fact, fast catching up with the US even though India Japan and the Latin America believe that the US is the world's leading economy. Jul 14, 2017
Wind power and how it works

Tilting at turbines: Fanning wind energy growth will need time; and, a perfect storm

India's renewable energy targets for 2022 seem steep for an industry hamstrung by spatial and technological limitations. Jul 13, 2017
indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

FDI norms review on the cards: Report

Prime Minister Narendra Modi is planning a review meeting on Friday along with FM Arun Jaitley and Commerce Minister Nirmala Sitharaman. Jul 13, 2017
Assam Tea Garden

Low tea: Close to 18% of gardens in India are 'sick', cautions Tea Board

The board has advised tea garden owners to visit the top performing plantations to understand best practices and how to implement them. Jul 13, 2017
elss, mutual fund investments, mf investment, sip investment, deduction u/s 80c, tax planning, stock market returns, income tax returns

Mutual funds added 10 lakh investor accounts in June: Report

The number of investor accounts, or folios, reached 57.82 million as of June 30, 2017. Jul 12, 2017
startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

Job growth in 2017: Hiring likely to be flat on GST, demonetisation and visa woes

Thanks to numerous factors such as the Goods and Services Tax, demonetisation, and H-1B visa woes, job growth this year is likely to be flat at 5-7 percent. Jul 12, 2017
rbi governor, garima kapoor, elara securities, rbi governor urjit patel, rbi repo rate

Demonetisation: RBI governor Urjit Patel to appear before Parliament panel, says report

The RBI chief could shed light on the latest status of remonetisation, among other issues; he had earlier appeared before the panel in January. Jul 12, 2017
azure power, solar power projects in india, india energy, india solar power, modi govt solar projects

Corporate funding for solar projects stagnates in H1 this year

Globally, venture capital funding, public market and debt financing for the solar sector stood almost unchanged at $4.6 billion. Jul 12, 2017
IndiGo

After engine issues, about half of IndiGo's Airbus Neo grounded over GST confusion

The low-cost carrier has 22 A-320 Neo aircraft, out of which nine have been grounded as the engines have been facing issues and GST added to the confusion in terms of import duties. Jul 12, 2017
aadhaar, bank accounts, cash, note bank, atm, pan, indian banks, bank account, account holder

Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further. Jul 11, 2017
gst, gst council, gst rates, gst for small traders, gst forms, gst tally, gst india inc, gst banks, gst arun jaitley

GST Impact: Auto, banking companies to see muted first quarter performance – Report

Auto and corporate lending are likely to "disappoint" with their Q1 performance, says a media report citing Birla Sun Life MF executive. Jul 11, 2017
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