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Economy News

budget 2017, digital india, digidhan, Lucky Grahak Yojana, pm modi, fm arun jaitley

Budget 2017: Will there be a Digital Bharat Cess like the Swachh Bharat Cess?

Digital Bharat Cess on the lines of Swachh Bharat Cess and Krishi Kalyan Cess could be brought in Budget 2017 to drive digital payments. Jan 9, 2017
India trade

Free Trade Wars: Assocham warns of export disruptions as Donald Trump ups the ante on free trade

The government must work for an effective lobbying to explain to the US policy makers how free trade would help both the countries, Assocham says. Jan 9, 2017
india news, india fiscal deficit, modi govt, pm modi, modinomics

Tax collection rises sharply for April-December 2016: Modi Govt

Indirect tax collection is up 25 percent while direct taxes saw 12 percent growth, the Modi government said in a statement. Jan 9, 2017
7th pay commission, pay commission news, elections to five states, up assembly elections 2017, modi govt, budget 2017

7th Pay Commission: Poll-bound states outsmart Modi Govt in wooing employees

Election-bound states announce implementation of pay commission recommendations to avoid violating model code of conduct. Jan 9, 2017
Petrol pump

People need not pay transaction charges for using credit and debit cards at petrol pumps, says government

Union minister Dharmendra Pradhan said on Monday the transaction fee issue would be resolved by banks and oil-marketing companies, which is their issue. Jan 9, 2017
demonetisation, petrol pumps, paying by cash, petrol, diesel, petrol pump dealers

Karnataka petrol pumps to stop accepting debit, credit card payments from Monday

Petrol pumps have said it will be all cash until the banks withdraw the 1% transaction charge. Jan 8, 2017
Finance Minister Arun Jaitley

Govt may tax black money deposited in banks after demonetisation, says Arun Jaitley

Jaitley said just because banned notes have been deposited in the banks do not make them legitimate and the Revenue Department may tax this money. Jan 8, 2017
Indian railways, budget 2017, suresh prabhu, railway stations, railway passengers, trains

Railways to set up ATMs on platforms; eyes revenues worth Rs 2,000 crore

Next week, Suresh Prabhu will launch the non-fare revenue policy that would offer various schemes for revenue-generating activities. Jan 8, 2017
ATM cards may become redundant soon

ATM cards, POS machines will become redundant by 2020, says Niti Aayog CEO Amitabh Kant

Niti Aayog has constituted a committee to identify and operationalise user-friendly digital payment options across the sectors. Jan 8, 2017
india, gdp growth rate for fy2017, india growth estimates, pm modi, fm arun jaitley, budget 2017, demonetisation

Rupee to fall to record low in 2017: Reuters poll

The rupee is expected to fall to a record low against the US dollar in 2017, a Reuters poll has found. Jan 8, 2017
india, gdp growth rate for fy2017, india growth estimates, pm modi, fm arun jaitley, budget 2017, demonetisation

PM Modi's demonetisation decision could strip India of 'world's fastest-growing economy' tag

GDP growth estimates for Q3 and Q4 of 2016-17 are pegged at around 6 percent, bringing a buoyant India closer to a weak China, due to demonetisation. Jan 7, 2017
China ivory ban

Ivory trade ban: Can China crush its 'intangible cultural heritage'?

With Chinese loving ivory for luxury and medicinal use, it's easier said than done for China to shut down its legal ivory carvers and suppliers. Jan 6, 2017
Ministry of Finance building in New Delhi

India, Kazakhstan agree to amend two-decade old tax treaty

Under the new amendment, information exchanged between the two countries can be shared with other law enforcement agencies. Jan 6, 2017
Capital goods Q3 outlook

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

HDFC Securities picks Triveni Turbine and Kalpataru Power as its favourite stocks from the capital goods sector. Jan 6, 2017
India Budget 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts. Jan 6, 2017
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