Economy News

Bleak days for black: PAN, company audit reports enter govt's watchlist

Ministry of Corporate Affairs and CBDT to share data for carrying out scrutiny, inspection, investigation and prosecution.

Sep 14, 2017

Economy meltdown: India's corporate debt soars to seven-year high, says report

One out of five large companies is not earning enough to service even the interest of its loan, says a look at corporate debt data.

Sep 13, 2017

RBI may keep 'status quo on policy rates', says analyst as India inflation hits 5-month high in August

India's CPI surged to 3.36 percent in August from 2.36 percent in July. That was above market and economists' expectations of 3.2 percent.

Sep 13, 2017

SBI Life to launch India's first billion dollar IPO in seven years

SBI Life's IPO is the biggest since state-run Coal India's 155 billion rupee ($2.4 billion) IPO in 2010

Sep 12, 2017

Farm loan waiver likely to swell inflation by 20 bps: RBI paper

Farm loan waivers have been announced by both the central and state governments to provide relief to farmers facing distress due to natural calamities/crop failure.

Sep 12, 2017

Govt to pump in Rs 10 lakh crore to boost infra projects

The amount will be raised in tranches of Rs 10,000 crore, with each tranche earmarked for a specific project.

Sep 12, 2017

Morgan Stanley to invest upto $500-million to bridge India's infrastructure gap

Besides investing in logistics, healthcare, telecom and education, Morgan Stanley will also invest in roads, airports, ports and power plants.

Sep 12, 2017

Direct tax revenue grows 17.5% to Rs 2.24 lakh cr in Apr-Aug

Collection is 22.9 percent of the total Budget Estimates of direct taxes for 2017-18

Sep 11, 2017

Hurricane Irma leaves behind flooding and destruction in Florida

Hurricane Irma bought widespread devastation to the southeastern-most U.S. state of Florida, from Key West to Tampa, on Sunday (September 10).

Sep 11, 2017

With 99% of scrapped notes coming back, RBI banks on 'sophisticated' machines to check them

RBI in the annual report 2016-17, stated that Rs 15.28 lakh crore, or 99% of the demonetised notes have returned to the banking system.

Sep 11, 2017

SIM cards will be invalid after Feb 2018 if not linked with Aadhaar

All SIM cards will have to be verified with Aadhaar within a year from the date of SC judgement. The government is pursuing the matter closely to stop misuse of mobiles.

Sep 10, 2017

India raises GST tax rates for larger cars; pushes back filing deadlines

Jaitley said the so-called CESS rates for mid-sized cars would be raised by 2 percentage points.

Sep 10, 2017

Let bank boards decide on hiring and firing CEOs: Raghuram Rajan

If you don't have an independent central bank, you may end up like Zimbabwe: Rajan

Sep 9, 2017

Taxed, and really taxed: GST Council swamped with complaints by traders

Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.

Sep 9, 2017

Carmakers bemoan flip-flopping India, urge stable policies to foster investment

Executives at automakers like Volkswagen, Hyundai Motor and Tata Motors say that to invest more and better, they need more stable regulation on tax, emissions allowances and electric vehicles.

Sep 9, 2017