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Economy News

gst, gst on services, gst service tax, service tax at 15%, gst service tax 18%, , india gdp, india gdp composition

Economic slump: Amit Shah's 'technical reasons' exposed in SBI report

The BJP president had not elaborated on his "technical reasons"; report believes government should consciously expand spending, without disturbing the borrowing equation. Sep 19, 2017
Megh mela

Google Tez is great, but Paytm is better - at least for now

Google faces stiff challenge from Paytm for its latest Tez UPI payments app in India. Sep 19, 2017
GST protests

GST recoil: Modi government eyes spending cuts due to low tax collection

If the current trend continues till the year-end, revenue shortfall could be as much as Rs 80,000 crore ($12.5 billion). Sep 19, 2017
Air pollution

Energy Drive: When environment is at odds with business

Industry feels that environmental regulations such as Forest Rights Act 2006 have blocked industrial and mining development in the country for long. Sep 19, 2017
gst, gst seminar, gst bill, gst council, gst hasmukh adhia, gst facebook, gst rates

No further extension in filing returns under GST: Government

July returns are to be filed by October 10 under GSTR1, October 31 under GSTR2 and November 10 under GSTR3. Sep 17, 2017
india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

GST recoil: Exporters say higher costs hit orders, exports drop 15% till October

Costs rise 1.25 percent as govt delays duty refunds; resulting liquidity crunch forces exporters to postpone shipments. Sep 16, 2017
Arun Jaitley

Finance Ministry seeks details of 40 accounts tagged for insolvency and bankruptcy

Commercial banks had expressed concerns over the extra provisioning requirements which is being looked at and if necessary, the ministry will have further discussions with the RBI. Sep 16, 2017
india news, india exports, india imports, india external trade, india trade deficit

India's trade deficit widens to $11.64 billion in August

The trade shortfall was $11.45 billion in July. Sep 16, 2017
Onions

Shed no tears, onion prices crash on income tax raids

The sudden crackdown of the I-T department created panic among the onion traders leading to an onion price crash. Sep 15, 2017
IT dept recovers old currency

Bleak days for black: PAN, company audit reports enter govt's watchlist

Ministry of Corporate Affairs and CBDT to share data for carrying out scrutiny, inspection, investigation and prosecution. Sep 14, 2017
india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

Economy meltdown: India's corporate debt soars to seven-year high, says report

One out of five large companies is not earning enough to service even the interest of its loan, says a look at corporate debt data. Sep 13, 2017
A vendor arranges vegetables

RBI may keep 'status quo on policy rates', says analyst as India inflation hits 5-month high in August

India's CPI surged to 3.36 percent in August from 2.36 percent in July. That was above market and economists' expectations of 3.2 percent. Sep 13, 2017
sbi bonus issue, sbi bonus history, sbi q4 results, sbi share price, state bank of india q4 results, sbi chairperson arundhati, sbi merger, sbi sensex

SBI Life to launch India's first billion dollar IPO in seven years

SBI Life's IPO is the biggest since state-run Coal India's 155 billion rupee ($2.4 billion) IPO in 2010 Sep 12, 2017
indian farmer, farm loan waiver, up govt waives farm loans, bjp kisan morcha, congress govt, bank loans, rbi governor urjit patel

Farm loan waiver likely to swell inflation by 20 bps: RBI paper

Farm loan waivers have been announced by both the central and state governments to provide relief to farmers facing distress due to natural calamities/crop failure. Sep 12, 2017
Nitin Gadkari

Govt to pump in Rs 10 lakh crore to boost infra projects

The amount will be raised in tranches of Rs 10,000 crore, with each tranche earmarked for a specific project. Sep 12, 2017
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