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Economy News

Notes, rs 500, rs 1000,demonetisation

Demonetisation bonanza in Kolkata: Old Rs 500 and Rs 1,000 notes will fetch you quite a bit at this market

Here is how demonetisation is said to have affected shell companies in West Bengal. Dec 27, 2016
india news, india fiscal deficit, modi govt, pm modi, modinomics

India Inc raises Rs 1,424 crore in rupee bonds in November

Power Finance Corporation, with Rs 676 crore in borrowings, said it raised the money for the purpose of lending or sub-lending. Dec 27, 2016
India rupee

Demonetisation: Will citizens holding scrapped Rs 500, Rs 1,000 notes after December 30 have to pay Rs 50,000 fine?

There could also be criminal liability and the cases involving violation of the rule will be heard by the municipal magistrate who will decide on the penalty. Dec 27, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

Budget 2017: PM Modi to meet economists, experts on Tuesday

The Budget session of the Parliament is expected to begin from February 1, 2017. Dec 26, 2016
sagarmala, nitin gadkari, shipping ministry, india, demonetisation

Sagarmala projects worth Rs 1 lakh crore under implementation: Nitin Gadkari

Shipping minister Nitin Gadkari was speaking to the media after inaugurating Sagarmala Development Company. Dec 26, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

After demonetisation, Modi govt to now target illegal properties in drive against corruption

On Sunday, PM Modi hinted during the Mann ki Baat radio show that benami properties will be the next target. Dec 26, 2016
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
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