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Economy News

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Undisclosed income worth Rs 45,000 crore unearthed in 3 years

In a statement on Friday, the Modi government said income tax searches on 2,534 individuals resulted in admission of undisclosed income worth Rs 45,622 crore. Mar 24, 2017
Donald Trump

Keystone XL Pipeline: Trump approves controversial US-Canada oil pipeline rejected by Obama in 2015

Keystone XL Pipeline will span nearly 1,200 miles across six US states, moving over 800,000 barrels of carbon-heavy petroleum daily from Canadian oil sands through Nebraska to refineries on the Gulf Coast. Mar 24, 2017
bihar, bihar start up, bihar start up policy 2017, nitish kumar, bihar cm, start ups in india

Bihar announces Rs 500 crore for start-ups

The announcement was made by Bihar CM Nitish Kumar at the release of the Bihar Startup Policy 2017 during the 4th Bihar Entrepreneurship Summit (BES). Mar 23, 2017
india, india fashion, india online fashion market, global fashion brands

India's online fashion market to hit $12-14 billion by 2020

Fashion e-commerce will constitute 11-12 per cent of the total domestic fashion market, says a report jointly prepared by Facebook and BCG. Mar 22, 2017
Volkswagen Polo

The Difference: When Good Enough Isn't Enough: The caring mindset and other keys to quality at work, and in life | BOOK REVIEW

In his latest book, management guru Subir Chowdhury advises companies and individuals to adopt a caring mindset to bring about quality and efficiency in workspace as well as in interactions in the personal, social space. Mar 22, 2017
outbound tourism, indian tourists in singapore, stb, indian tourists to singapore 2016, top destinations for indian travellers

Strong rupee poised to bring cheer for Indian tourists travelling abroad this summer

Bangkok, Dubai, Singapore are top destinations for Indian travellers; the rupee is now stronger compared to levels prevailing in March last year. Mar 22, 2017
Aadhaar stall

Government to make Aadhaar Card mandatory for filing income tax returns and EPF; so what happens to PAN?

The government is also planning a cap of Rs 2 lakh for cash transactions instead of Rs 3 lakh. Mar 21, 2017
Rs 500 notes

Three reasons why Indian rupee could drift lower against US dollar

The analyst expects the rupee-dollar exchange rate to be around 68.5 in the next financial year and 70 in FY2019. Mar 21, 2017
state-bank-of-travancore-sbt

SBI to shut down 47% of associate banks' offices post merger

We will keep their structure in place till April 24 and, post that, we will start dismantling (them)", SBI Managing Director Dinesh Kumar Khara said. Mar 21, 2017
domestic air traffic november, spicejet share price, capa aviation outlook, jet airways share price, indigo, india news

India's domestic air traffic falls in February; IndiGo, Air India saw dip in market share while Jet Airways, SpiceJet, Go Air gain

The passenger volume data for February released by India's civil aviation regulator throws up some interesting facts. Mar 19, 2017
cars, car sales, domestic car sales, gst on cars, auto industry, traffic

SUVs, luxury cars likely to be cheaper after implementation of GST

Presuming that SUVs and luxury cars are taxed at the peak rate of 28 percent and 15 percent cess under GST, there is a marginal reduction from the current taxes. Mar 18, 2017
tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

7th Pay Commission: Interesting facts on salary hike for state government employees

Some states have implemented proposals of 7th Central Pay Commission for their government employees, many are yet to. Mar 18, 2017
Rs 500 notes

Government gets Rs 6,000 crore tax on declared black money after demonetisation: Where can it be best spent?

The SIT on black money has said the Central government has collected Rs 6,000 crore, and the amount is rising. Mar 18, 2017
domestic air traffic october indigo vistara air india go air pegasus air costa dgca world jet airways air india plf passengers aviation civil india fastest growing

Aviation stocks to be in focus next week after release of domestic air traffic data for February

The domestic passenger volume growth has been hovering around 25 percent for the past few months in India. Mar 18, 2017
Airbus, India, New Delhi

Delhi: Airbus to set up its first Asia training centre for aircraft pilots at Aerocity

The Airbus India Training Centre at Aerocity in New Delhi will be built in a modular concept in order to become operational by end-2018 with two A320 full flight simulators. Mar 17, 2017
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