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The fake Rs 2,000 notes were dispensed bearing ‘Guaranteed by the Children’s Government’, etc.

Fake Rs 2,000 note was out within 53 days of demonetisation!

In just 53 days between November 8 and December 31 last year, police and other government agencies seized 2,272 fake Rs 2,000 notes -- at a time when people across the country were struggling to get hold of the new currency. Dec 7, 2017
sasikala, sasikala convicted, tamil nadu politics, crisis in tamil nadu, tn gdp, tamil nadu economy, hyundai chennai, ford chennai, ashok leyland, royal enfield chennai

India's auto-component industry to grow 9-11% on higher car, two-wheeler sales

ICRA expects the industry-wide credit profile trends to remain stable, supported by robust demand from the OEM segment in the near term. Dec 7, 2017
demonetisation rbi urjit patel finmin shaktikanta das press conference modi govt arun jaitley debate crisis notes bank rs 500 rs 1000

Small shops will now pay less fee on debit card payments as RBI rejigs merchant discount rate

The new rates will be effective from 1st January 2018. Dec 7, 2017
Indian railways

Indian Railways travellers will soon get incentives for booking tickets via digital transactions

Other incentives will include offering free passenger insurance for cashless ticket purchases. Dec 7, 2017
urjit patel, rbi governor urjit patel, patel parliamentary panel, remonetisation, notes returned, demonetisation

RBI holds repo rate unchanged at 6%, maintains neutral stance

Following the decision, the benchmark repo rate stands at 6 percent, and the reverse repo rate remains unchanged at 5.75 percent and the central bank maintained a neutral policy stance. Dec 6, 2017
Hasmukh Adhia

GST makes it tough to evade taxes: Finance Secretary Hasmukh Adhia

The government on Tuesday also announced incentives worth Rs 8,450 crore to boost exports of goods and services. Dec 6, 2017
india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

GST impact: Services PMI hit three-month low in November, Nomura 'surprised'

A composite PMI, which takes into account both manufacturing and services activity, fell to 50.3 from last month's 51.3. Dec 5, 2017
Fitch Ratings

Fitch lowers India's GDP outlook to 6.7%, says 'growth has repeatedly disappointed'

The US-based rating agency also lowered the country's growth forecast for 2019 fiscal to 7.3 percent from 7.4 percent. Dec 5, 2017
Modi in karnataka

Top 500 companies in India likely to face electronic tax scrutiny: Report

This electronic scrutiny will likely be introduced in the federal budget in February 2018. Dec 5, 2017
File photo of the World Trade Organization logo seen at the entrance of the headquarters in Geneva April 9, 2013.

India opposes e-commerce negotiations at WTO; submits formal document

India mainly opposed the negotiation because it fears that new rules could provide unfair market access to foreign companies, denting the fast-growing e-commerce platforms. Dec 4, 2017
rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI's views on economy incorrect; rate cut possible, says Modi's economic adviser

Goyal explained that the RBI's consumer price index (CPI) forecasts are wrong. She further said that the central bank's stance to keep interest rates high to keep inflation under control also didn't pay off. Dec 4, 2017
wacky-restaurants

GST on restaurants: Govt takes tough stand against association lobbying to restore input tax credit

The Centre thinks that there is no question of a review for restaurants under GST as the extent of the price increase is unjustified. Dec 4, 2017
Chabahar port

Iranian President inaugurates Chabahar port: Move bolsters Indian commerce and isolates Pakistan

For India, the Chabahar port is strategically important since the port will strengthen a trade route for land-locked Central Asian countries that would bypass rival Pakistan. Dec 3, 2017
Manmohan Singh

Q2 GDP: Manmohan Singh remains sceptical about economic turnaround, says 'too early to tell'

The September GDP figure did not take into account the small and medium sector, which suffered the most from demonetisation and hurried implementation of GST Dec 3, 2017
jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

Indians travelling abroad paid 22% extra for last-minute flight tickets: Report

According to KAYAK, flights to Bangkok, Dubai and Bali are the top three destinations for Indian travellers. Dec 2, 2017
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