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Economy News

Pre-GST bonanza, car discounts, cars offers, Car offers

Pre-GST bonanza: Cars, bikes up for a steal; check out complete list of discounts and offers

Maruti Suzuki, Hyundai, Mahindra, Honda, Nissan and Ford India have also joined the bandwagon with lucrative offers. Jun 16, 2017
gst, gst nsdl, gst thomson reuters, nsdl e governance, gst nsdl services

NSDL, Thomson Reuters sign agreement to offer joint solutions for GST

The two entities will offer integrated Goods and Services Tax (GST) proposition for large and mid-sized corporations in India. Jun 16, 2017
india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Aadhaar becomes mandatory for opening bank accounts and financial transactions above Rs 50,000 from June 1; existing bank account holders have to get Aadhaar by December 31 this year, else their accounts will become invalid. Jun 16, 2017
uber ola cabs surge pricing licence karnataka taxi hailing aggregators, uber drivers, ola drivers, uber driver strike

Cab wars: Ola, Uber head down the long, bumpy road

App-based aggregators Ola and Uber have only themselves to blame for the current mess roiling the industry Jun 15, 2017
gst, gst logistics, logistics companies in india

Indian warehousing sector: The spine to get stronger

Several international companies are hopeful about the Indian logistics market, with announcements of various global players to increase presence. Jun 15, 2017
Real estate

How RERA will impact residential real estate prices

Change in demand-supply dynamics post RERA has led to the number of launches in most cities being scaled down. Jun 15, 2017
gst council, gst council arun jaitley, gst council meeting on 18 june, gst rates likely to be revised, gst rules, gst eway bill

GST Council to meet on June 18; revision of tax rates for certain items on cards

The 17th GST Council meeting headed by finance minister Arun Jaitley is scheduled to take up revision of tax rates for some items and rules for the e-way bill. Jun 15, 2017
gst, gst council, gst rates, gst for small traders, gst forms, gst tally, gst india inc, gst banks, gst arun jaitley

Pre-GST bonanza: Cars, phones, other products up for grabs at discounted prices; next GST Council could throw surprises

Discounts are being offered on a range of products, including cars, mobile phones, air-conditioners and laptops. Jun 15, 2017
daily petrol price, daily diesel price, fuel prices in india, indian economy, india crude oil imports, petrol pumps, ioc, hpcl, bpcl

Daily petrol, diesel prices scheme has a surprise element; how to check prices every day

From Friday, petrol and diesel prices will be revised across India, but there is a catch. Jun 15, 2017
RBI

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge Jun 15, 2017
us fed rate hike, janet yellen, us economy, us investors in india, fed interest rate

Fed raises rates, unveils balance sheet cuts in sign of confidence

Federal Reserve raised interest rates for the second time in three months, signalling its confidence in a growing US economy and strengthening job market. Jun 15, 2017
note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

7th Pay Commission: Decision unlikely today on hike in allowances for Central govt employees

The hike in salary component for Central government employees is as recommended by the 7th Pay Commission but the increase in allowances is getting dragged. Jun 14, 2017
RBI, Reserve Bank of India

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

The RBI said the 12 accounts identified as defaulters constituted about 25 percent of the overall gross non-performing assets, and added that it will direct lenders to begin insolvency proceedings around these accounts. Jun 14, 2017
sadananda gowda, new gdp, old gdp, new gdp calculation, old gdp calculation, india gdp, modi govt

Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

Last month, the base year for calculating factory output (IIP) and wholesale price inflation was changed to 2011-12 from 2004-05; a similar exercise is planned for GDP, apart from a national fact sheet. Jun 13, 2017
bse sensex, nse nifty, india, stock markets, asian paints, coal tragedy in jharkhand, coal mines in india

Infosys, TCS, Tata Steel make a comeback to mutual funds in May; IOC, Sun Pharma, Yes Bank top exits

Top stocks that mutual funds bought in May included ICICI Bank, HDFC Bank, Infosys, TCS and Tata Steel; major exits were Sun Pharma, IOC and Bharat Electronics. Jun 13, 2017
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India 2nd country globally to integrate Mobile Stroke Units with emergency medical services: ICMR
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