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Economy News

GST Bill tax exemption

GST Council fixes annual turnover limit at Rs 20 lakh

The GST Council will meet again on 30 September to decide the draft rules and other area-based exemptions. Sep 23, 2016
Will be house be demolished in Bengaluru?

Illegal construction in Bengaluru: Find out if your house will be demolished using this online tool

This app will tell you if your house is illegally constructed or not, as per BBMP's rajakaluve map. Sep 23, 2016
jobless growth factory manufacturing workers gdp economic growth modi govt nda bjp

India witnessing 'jobless' growth: Modi minister

YS Chowdary,leader of NDA ally TDP, holds the science and technology portfolio in Modi government. Sep 23, 2016
Reserve Bank of India

India's current account deficit falls drastically to $300 million in June quarter

Meanwhile, net FDI dropped to $4.1 billion in the first quarter, primarily on account of external loan repayments. Sep 22, 2016
bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Union Cabinet appoints 3 external members to Monetary Policy Committee

The six-member committee would also include RBI Governor Urjit Patel and two senior officials of the monetary policy department. Sep 22, 2016
China exports

India's crude steel production rises 9.4% in August 2016

India produced 8.1 Mt of crude steel in August, according to World Steel Association. Sep 22, 2016
China high speed train

Bullet train project: Indian Railways launches drive to hire top management

The railways invites applicants for the top four posts in the newly-formed National Highway Speed Rail Corp Ltd. Sep 21, 2016
rail budget suresh prabhu scrapped modi jaitley arun narendra 92 year old tradition british raj merge general budget dividend

PM Narendra Modi emulates Vajpayee on budgets

The NDA government scraps railway budget and merges it with the union budget, a paradigm shift in India's parliamentary history. Sep 21, 2016
India tourism

Tourism Summit 2016: India eyes multi-billion dollars in investments during 3-day event

IITIS 2016 comprises meetings, seminars for various stakeholders such as travel agents, investors and government. Sep 21, 2016
pay commission bonanza salary hike government employees allowances committee ashok lavasa finance secretary dampener money boost consumption

7th Pay Commission: Panel appointed to examine allowances could submit report soon

The committee headed by finance secretary was formed in June to look at hike in allowances. Sep 20, 2016
fta fee tourism india incredible visitors etourist visa promotion british prince william Catherine duchess

India earns $15 billion from foreign tourist arrivals in 2016

During January to August this year, 5.59 million foreign tourists visited India, spending $14.92 billion, shows government data. Sep 20, 2016
Market Share of airlines

Domestic Air Traffic: How IndiGo, Jet Airways, SpiceJet, other airlines performed in August

IndiGo continues to lead as the largest carrier with a market share of 39.9 percent in August. Sep 20, 2016
cbdt, finance ministry, north block, income tax, apa, agreements on taxation, india news

FIPB to consider 15 foreign investment proposals next week

The board will decide proposals of IBM India, Morgan Stanley India Primary Dealer and BNP Paribas Asset Management, among others. Sep 19, 2016
ids 2016 income declaration scheme arun jaitley fm black money undisclosed income narendra modi govt income tax raids information leak confidentiality

IDS 2016: Taxman gets ready to go after defaulters once amnesty scheme ends

The Income Declaration Scheme (IDS) 2016 is a one-time chance to come clean on undisclosed income. Sep 19, 2016
National Highways Authority of India (NHAI)

India approves transnational highway project worth $1 billion

The highway project, funded by the Asian Development Bank, will connect India with Bangladesh, Bhutan and Nepal. Sep 18, 2016
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