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Economy News

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

GST rollout on April 1, 2017: So near, yet so far

Dual control of GST assesses between Centre and states hangs, next GST Council meeting crucial; it's now over to budget session. Dec 24, 2016
Pakistan Stock Exchange, Karachi, stock market

Pakistan Stock Exchange: Consortium of Chinese bourses may buy 40% stake in PSE

The consortium of China Financial Futures Exchange Company, Shanghai Stock Exchange and Shenzen Stock Exchange may value the stake at about $85 million. Dec 23, 2016
india, moody, lobbied, economy, modi, budget 2017

India lobbied Moody's for ratings upgrade

An endorsement was seen as critical to PM Narendra Modi's economic stewardship, helping to attract foreign investment and accelerate growth. Dec 23, 2016
baggage tags

Airport security checks: CISF to analyse feedback as pilot trial to do away with stamps on baggage and boarding passes ends

Authorities responsible for airport security will analyse the feedback of the pilot project before the proposal can be extended further. Dec 23, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

Budget 2017: What could PM Narendra Modi announce on December 31?

The first demonetisation deadline ends on December 30 and PM Modi is likely to make some drastic announcement next day ahead of Budget 2017. Dec 23, 2016
SBI Buddy

SBI Buddy vs Paytm: SBI's 'desi' Buddy takes on 'somewhat Chinese' Paytm with banner of patriotism

SBI says its Buddy app is more secured, charges way less and is partly-owned by the government of India unlike Paytm, in which China's Alibaba has a stake. Dec 23, 2016
budget 2017, cii, wish list, income tax, corporate tax

Budget 2017: CII wants drastic reduction in personal, corporate tax rates

Trade body CII has a long wish list for Budget 2017 that includes recommendations on income tax rates and slabs, and corporate tax. Dec 23, 2016
Income Tax Returns

Income Tax department scrutinises 67.5 lakh income tax non-filers who made high-value transactions

The I-T Department has held more than 760 searches and seized at least Rs 3,590 crore in unaccounted wealth after demonetisation. Dec 23, 2016
Aircraft takeoff

Airline charges: Now, pay 'family fee' if you want to sit with your folks on a flight

Air India had introduced the concept of 'family fee' in May this year and now Jet Airways follows suit. Dec 22, 2016
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