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CBI arrests income tax commissioner over corruption charges; ED moves against CEO of Zoom Developers

Commissioner of Income Tax (Appeals) BB Rajendra Prasad was arrested in Mumbai; Vijay Choudhary of Zoom Developers arrested over money-laundering. May 3, 2017
demonetisation construction real estate developer companies outlook fitch ratings sobha prestige puravankara dlf godrej india sensex grade

Aggrieved home buyers yet to understand benefits of real estate regulator

Under the central law, each state has to notify rules and set up a regulatory authority to manage the real estate sector. May 2, 2017
asia pmi april 2017, japan pmi, india pmi, china pmi, asian factories in full swing in april 2017, global economic recovery

Asian factories get off to solid start in second quarter

A multi-year trade recession for Asia's exporters has ended as global demand revives though there are challenges. May 2, 2017
karnataka govt employees, ksgea, karnataka govt employees call off strike, salary hike for karnataka govt employees

7th Pay Commission: Karnataka govt employees not to participate in May 4 strike

In view of the assurances given by CM Siddaramaiah, Karnataka state government employees said on Tuesday there was no need for a strike. May 2, 2017
State Bank of India

Bank employees to get lower DA for May, June, July 2017

In a statement, the Indian Banks' Association (IBA) said bank employees will be paid dearness allowance (DA) at 45.6 percent of pay. May 2, 2017
smartphone sales in q1, smartphone shipments in q1 2017, india smartphone sales, samsung smartphones, apple smartphones, huawei smartphones, indian smartphone market

'Made in India' smartphones make it big in March quarter shipments

Smartphone shipments in India stood at 29 million units in the January-March 2017 quarter, says research firm Counterpoint. Apr 29, 2017
indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

India's forex reserves rise to $371 billion; Federal Bank Q4 net profit spurts 25 times

Data released by RBI reveals that India's foreign exchange reserves rose $1.25 billion for the week ended April 21, 2017. Apr 29, 2017
arun jaitley, gst tax rates, gst council, no surprises says jaitley, gst council meeting, gst implementation from july 1

GST Council chairman and finance minister Arun Jaitley lays speculation to rest on tax rates

At an event on Friday, Arun Jaitley said there won't be "surprises" in the tax rates in the context of the GST that will be rolled out from July 1, 2017. Apr 28, 2017
imf on india, imf report on india, india to overtake germany, india to surpass germany, india as 4th largest economy, imf on gst implementation, modi govt

India to pip Germany as 4th largest economy by 2022: IMF

In addition to dethroning Germany as the fourth-largest economy of the world, India is also likely to get a boost from GST, says IMF. Apr 28, 2017
gold bond scheme gold smuggling modi government tranche issue sixth tranche rbi sgb scheme rate price interest bullion prices market nse price market gm

Sovereign Gold Bonds: Series I for 2017-18 closes this Akshaya Tritiya

The latest issue of Sovereign Gold Bonds Scheme gives people a chance to buy gold at Rs 2,901 per gm as against Rs 2,945 closing price on Thursday. Apr 28, 2017
US President Donald Trump

Donald Trump tells Canada, Mexico that US will not exit NAFTA immediately

Trump's announcement came after the media reports that his administration was considering giving a formal notice to US' partners in NAFTA of pulling out of the deal. Apr 27, 2017
US President Donald Trump

Donald Trump proposes 'one of the biggest tax cuts in American history'

As he heads closer to 100 days of his presidency, Trump is now seeking to follow through on a flagship pledge he made during his presidential campaigns last year. Apr 27, 2017
pay commission 7th cpc allowances hike committee arun jaitley india defence forces diwali gift gdp salary hike allowances pay commission

7th Pay Commission: Ashok Lavasa panel on raising allowances for Central govt employees likely to submit report soon

The Ashok Lavasa committee was formed last June to examine 7th pay commission's proposals on raising allowances of Central govt staff and pensioners. Apr 27, 2017
TCS employees

TCS, Infosys, Wipro go slow on hiring lane

Hiring by the top IT software services companies — TCS, Infosys and Wipro — continues to remain weak amid multiple headwinds. Apr 26, 2017
donald trump tax plan, donald trump likely to cut corporate tax, trump administration tax rules, wall street, america inc us inc, american companies, taxation in america

Trump tax plan will sharply slash corporate tax rates

Donald Trump will propose cutting the income tax rate paid by public corporations to 15 percent from 35 percent, officials said. Apr 26, 2017
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