Economy News

Madras HC upholds stricter I-T rule, keeping money routed through Cyprus taxable

The ruling means the government can still impose a 30 percent tax deduction at source (TDS) on inflows from Cyprus.

Apr 13, 2016

Most Indians access internet to shop online: Survey

Average online monthly spend of Indians is about Rs.9,400, which may increase to Rs.16,000 in the next few years.

Apr 13, 2016

Pakistan army chief accuses India of undermining China investment corridor

Pakistan Army Chief General Raheel Sharif said the significance of a Pakistan-China economic alliance had "raised eyebrows" in the region.

Apr 13, 2016

India UAE summit trade dubai business district

India offers UAE stakes in refinery projects, petrochemical plants

The UAE is India's third largest trading partner with annual bilateral trade touching $60 billion.

Apr 12, 2016

Factory output rises 2% in February, inflation eases to 4.83% in March

Factory output growth was led by electricity and mining sectors; retail inflation eased to 4.83 percent in March.

Apr 12, 2016

February IIP likely up 1.3%: Religare

Electricity generation and mining expected to have contributed to the factory output growth in February, a Religare research report noted.

Apr 12, 2016

FTA tourist arrivals foreigners india, e-tourists, foreign tourists

More than 1 lakh foreign tourists visited India on e-tourist visas in March

E-tourist visas were availed of by 1.15 lakh foreign tourists visiting India in March 2016, up from 25,800 in March 2015.

Apr 12, 2016

SC wants disclosure of loan default details, RBI opposes

SC says total amount of outstanding bank loans is "quite a substantial amount" and "does make out a case" for disclosure.

Apr 12, 2016

Contracts worth Rs 60,000 crore to be awarded in port sector by May-end: Gadkari

Investments worth Rs 2 lakh crore are expected during the Maritime India Summit, which will be held in Mumbai from April 14-16.

Apr 12, 2016

Government to call for rural BPO tenders soon

The government plans 190 new rural BPOs with an employment capacity of 1.25 lakh employees each shift.

Apr 12, 2016

IT companies Q4 results India Inc call center corporate earnings

India Inc to post best Ebidta growth in 6 quarters during Q4, FY16: Crisil

Revenues of IT services companies are expected to grow in double digits, a Crisil report noted.

Apr 11, 2016

World Bank trims 2016, 2017 East Asia growth forecasts; cites risks to outlook

Its previous forecast in October was 6.4 percent growth in 2016 and 6.3 percent in 2017.

Apr 11, 2016

Indians coming back after 1-year foreign stay to pay 15% duty on certain items

However, the total aggregate value of duty goods should not exceed Rs. five lakh, according to the new custom rules.

Apr 10, 2016

Govt releases Rs. 12,230 crore under MGNREGA fund to states

The Supreme Court had recently criticised the government for not providing adequate relief to the drought hit states.

Apr 10, 2016

Egypt, Saudi Arabia sign 60 billion Saudi riyal investment fund pact

An MoU was also signed between the Saudi Public Investment Fund and the Egyptian International Cooperation Ministry.

Apr 10, 2016

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Economy News

Madras HC upholds stricter I-T rule, keeping money routed through Cyprus taxable

Most Indians access internet to shop online: Survey

Pakistan army chief accuses India of undermining China investment corridor

India offers UAE stakes in refinery projects, petrochemical plants

Factory output rises 2% in February, inflation eases to 4.83% in March

February IIP likely up 1.3%: Religare

More than 1 lakh foreign tourists visited India on e-tourist visas in March

SC wants disclosure of loan default details, RBI opposes

Contracts worth Rs 60,000 crore to be awarded in port sector by May-end: Gadkari

Government to call for rural BPO tenders soon

India Inc to post best Ebidta growth in 6 quarters during Q4, FY16: Crisil

World Bank trims 2016, 2017 East Asia growth forecasts; cites risks to outlook

Indians coming back after 1-year foreign stay to pay 15% duty on certain items

Govt releases Rs. 12,230 crore under MGNREGA fund to states

Egypt, Saudi Arabia sign 60 billion Saudi riyal investment fund pact

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

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