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Economy News

india news, india fiscal deficit, modi govt, pm modi, modinomics

7th Pay Commission: Good news for Central government employees

Millions of Central government employees are awaiting a decision on hike in allowances as proposed by the 7th Pay Commission. Dec 26, 2016
pe funds, real estate, residential sector, construction, rera, jll, pe investment in india

PE inflows into residential sector poised for sharp rise: JLL India

With limited scope for further leverage, developers will be open to providing good entry points to the long-term equity investors, says JLL. Dec 26, 2016
indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

Budget 2017: PM Modi's taxation comment could raise 'uncertainty' among foreign investors, says Kotak

Narendra Modi's comment on taxes on financial markets could trigger uncertainty among foreign investors (FPIs) before Budget 2017. Dec 26, 2016
budget 2017, arun jaitley, modi, taxes, tax compliance, india

Budget 2017: FM Arun Jaitley says time for India to have 'globally competitive' taxes

Jaitley said tax compliance by citizens must be reciprocated; it's being seen as possible lowering of tax rates in Budget 2017. Dec 26, 2016
modi, digital economy, cashless, india, farmers, fertilizers, demonetisation, rabi, sowing

Farmers are fast going digital, says PM Modi

In his monthly radio address Mann Ki Baat, PM Narendra Modi cites the example of fertiliser sales via PoS in Gujarat driven by GNFC. Dec 26, 2016
demonetisation, remonetisation, pm modi, banks, atms, cash withdrawals, restrictions on cash, rbi

Demonetisation: Cash withdrawal limits may not be eased even after December 30

Inability to keep pace with rapid withdrawals even after the RBI's remonetisation could see withdrawal woes persisting even after December 30. Dec 25, 2016
Rupee

7th Pay Commission: Bad news for staff and pensioners of autonomous bodies as their pay revision may be delayed further

The Confederation of Central Government Employees and Workers (CCGEW) has already taken up the matter of the delay with the Centre. Dec 25, 2016
ATM card

Demonetisation: Govt launches Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to promote digital payments

The aim of the two schemes is to attract the attention of the citizens and encourage them to undertake digital transactions. Dec 25, 2016
Debit card payments

Demonetisation: RTOs to accept digital payments from January 1

From January, applicants won't be required to make payments in cash. Dec 25, 2016
budget 2017, cii, wish list, income tax, corporate tax

Budget 2017: Modi sets eyes on income from stock markets; capital market gains could attract higher taxes

Modi said gains from financial markets have been taxed low so far and those who profit must make a fair contribution to nation-building through taxes. Dec 25, 2016
IT dept recovers old currency

Cash worth Rs 76.62 lakh, 700 kg ganja recovered by police, IT dept over weekend

Three people were detained in Bhuj for carrying Rs 27.62 lakh in new currency. Dec 25, 2016
Reserve Bank of India

Demonetisation jokes: Monetary move has people suggesting the weirdest 'next RBI rule' on Twitter

The Reserve Bank of India became the butt of jokes on social media with people speculating what the funniest or weirdest "next RBI rule" would be. Dec 24, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

RBI data on ATMs, POS, credit, debit cards overdue since August

The last monthly update by the RBI on crucial bank statistics such as number of ATMs, credit and debit cards and balances was in August 2016. Dec 24, 2016
Narendra Modi

PM Modi conveys opposite messages on economic measures, fiscal prudence at Sebi campus, Shivaji memorial

Speaking at SEBI's NISM campus, Narendra Modi says demonetisation will give long-term gains; later lays foundation for Rs 3,600 crore Shivaji Memorial. Dec 24, 2016
christmas celebrations in india, foreign tourists, new year 2017, pm modi, kerala,demonetisation

Demonetisation effect: PM Narendra Modi's move dampens Christmas, New Year celebrations in India

Cash crunch caused by PM Modi's demonetisation affects tourist hotspots like Goa, Kerala and Agra, the city of Taj Mahal in incredible India. Dec 24, 2016
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