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Economy News

gst council, dual control, indian economy, april 1, gst rollout, arun jaitley

GST Council resolves dual control issue; July 1, 2017 rollout looks realistic

At its ninth meeting on Monday, the GST Council chaired by Finance Minister Arun Jaitley tackled the issue of dual control for assessment. Jan 17, 2017
remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

RBI increases ATM withdrawal limit to Rs 10,000 per card per day

The limit on withdrawal from current accounts has also been increased to Rs 1 lakh per week. Jan 16, 2017
Indian rupee

Budget 2017: Higher likelihood of repo rate cut in February if govt sticks to fiscal consolidation, says ICRA economist

However, economist Aditi Nayar added that the room for incremental rate cuts would be limited to 25 bps over next six months. Jan 16, 2017
remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account. Jan 16, 2017
India consumer

Despite note ban, Indian consumers are most optimistic in Asia-Pacific: Mastercard Survey

After India, Myanmar, Vietnam and the Philippines also remain extremely optimistic in their outlook. Singapore, Taiwan and Malaysia were, however, among the most pessimistic. Jan 16, 2017
World wealth disparity

India's richest 1% hold a huge 58% of the country's total wealth: Oxfam

Globally, just eight men – six Americans, one Mexican and one Spanish – own the same amount of wealth as the poorest half of the world's population. Jan 16, 2017
Rs 500 notes

7th Pay Commission: Good news for autonomous bodies as government may give them salary hike, but with conditions

The finance ministry has also made arrangements for those autonomous body employees who do not meet these criteria to get salaries as per the revised pay scale. Jan 16, 2017
Automation

Automation: How new age machine will replace you and which sectors will be hit hard

Though automation may raise global growth by 0.8 to 1.4% annually, it will impact jobs in labour-intensive sectors in China, India and other developed countries. Jan 15, 2017
Budget 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good. Jan 15, 2017
Securities and Exchange Board of India

Sebi allows mutual funds to invest in REITs and InvITs, but with strict riders

The market regulator also allowed celebrity endorsements of mutual funds at an industry level, but not a particular scheme or as a branding exercise of a mutual fund house. Jan 15, 2017
India consumer electrical sector

Demand in India's consumer electricals sector likely to revive in 3-4 months: Nirmal Bang

Footfalls have rebounded to around 70% of the pre-demonetisation level compared with only 20% in November last year, according to the brokerage. Jan 14, 2017
india news, india exports, india imports, india external trade, india trade deficit

India's exports rise 6% in December; trade deficit shrinks sharply

December trade update: Exports up $23.88 billion, imports $34.25 billion, gold imports down 48 percent, trade deficit at $10.3 billion Jan 13, 2017
india news, india consumer inflation, india factory output, demonetisation, cash crunch, pm modi

India: December inflation, November factory output (IIP) suggest gloom, not cheer for Modi Govt

Inflation fall was mainly due to persisting demonetisation woes while factory output (IIP) indicates disturbing trend at a cumulative level. Jan 13, 2017
Dr Subho Ray, President, IAMAI

Demonetisation is a Black Swan moment for Digital India, says IAMAI president Subho Ray

Subho Ray, President of IAMAI, on Digital India after demonetisation and his wish list from Budget 2017: an exclusive interview Jan 13, 2017
India job market

India to have more jobless in 2017-18: UN report

However, unemployment is expected to fall in 2017-18 in developed countries – especially in Europe, the US and Canada. Jan 13, 2017
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