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Economy News

Marico retail shops retail stores retail showroom FMCG

GST rollout to be another disruptor after demonetisation: Marico

The chairman of the domestic FMCG firm said the government is trying to do many things within a short period of time. Nov 30, 2016
economic survey 2017, fm arun jaitley, cea arvind subramanian, demonetisation, note ban, survey impact on stock markets, ubi economic survey 2017

Demonetisation: RBI removes restrictions on withdrawals

The latest notification by the RBI on November 28 does not specify any limit for the first time since demonetisation. Nov 29, 2016
BengaluruITE.biz

Indian IT sector needs innovations to stay relevant: Highlights from BengaluruITE.Biz 2016

Hundreds of startups and other technology companies displayed innovative products at BengaluruITE.Biz 2016. Nov 29, 2016
parliament  India's Prime Minister Narendra Modi

Demonetisation: Lok Sabha passes income tax amendment bill

If voluntarily disclosures are made before December 30, the bill directs a 50 percent tax on the unaccounted cash. Nov 29, 2016
India manufacturing sector

Fitch slashes India's December quarter outlook

Fitch has forecast GDP growth down to 6.9 percent for next month due to impact of demonetisation. Nov 29, 2016
Ola cabs will dispense cash

Now, withdraw cash up to Rs 2,000 from mobile ATMs by Ola

Fed up with long queues outside ATMs for cash? Here's an alternative. Nov 29, 2016
uber pool, ola share

Punjab: Rs 9,806 crore credited to taxi driver's Jan Dhan account in State Bank of Patiala!

Branch Manager Ravinder Kumar said that officials from the Income Tax Department were investigating the case. Nov 29, 2016
PM Modi's surgical strike on black money welcomed: See what the major companies are saying

Demonetisation: Modi govt unveils more measures to crackdown on black money hoarders

The government has also introduced an income disclosure scheme called the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016. Nov 28, 2016
pay commission 7th cpc allowances hike committee arun jaitley india defence forces diwali gift gdp salary hike allowances pay commission

7th Pay Commission: Salary hike to Central government employees not reflecting in GDP data

The April-September 2016 GDP data suggests pay hike to Central government staff did not give consumption boost. Nov 28, 2016
demonetisation demonetization currency rbi rs 500 rs 1000 note currency pm modi arun jaitley trends rs 2000

I-T department seizes Rs 40 crore worth of banned notes at Delhi bank

The sleuths recovered the soiled notes from a Kashmere Gate branch of Axis Bank in New Delhi. Nov 28, 2016
textile gdp growth hi nirmala lok sabha modi govt demonetisation india growth rate economy world's fastest bse nse sensex price goods iip factory output

Indian economy cools down to 7.1% in September quarter

The GDP growth rate for H1, FY2017 is also 7.1 percent, as disclosed by Commerce and Industry Minister Nirmala Sitharaman on Monday. Nov 28, 2016
Airport taxi parking

Airports Authority of India to start digital payment for airport parking fees

The digital payment system will be applicable from November 29. Nov 28, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization impact on gdp q3 growth rate real estate gold construction india ratings

India's last pre-demonetisation GDP figures likely to be released soon

The September quarter (Q2) economic growth data will be keenly analysed; Q3 data will factor in demonetisation-induced slowdown. Nov 28, 2016
demonetisation rbi urjit patel finmin shaktikanta das press conference modi govt arun jaitley debate crisis notes bank rs 500 rs 1000

RBI Governor Urjit Patel finally speaks on demonetisation; says govt working to 'ease pain of honest citizens'

Patel requested people to use debit cards and digital wallets instead of cash as it would make transactions easier and cheaper. Nov 28, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Government using demonetisation to push for financial inclusion: Report

The Centre has asked state governments, banks and employers to open bank accounts for temporary and contractual workers. Nov 28, 2016
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