Economy News

7th Pay Commission: 6.50 lakh Madhya Pradesh govt employees to get salary hike

The salary hike, in accordance with the 7th Pay Commission recommendations, will be applicable from January 1 2016 and the arrears will be paid over three financial years.

Jul 4, 2017

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017

Workers reject junior partner role for Thyssenkrupp in Tata JV

Thyssenkrupp reportedly aimed to hold less than half of the potential venture so it can deconsolidate the business from its balance sheet.

Jul 3, 2017

More bleak days for IT sector; automation juggernaut is on and it's irreversible

IT companies have not performed too well in the markets this year either, with stocks slipping over 14 percent until now and the future seems bleak.

Jul 3, 2017

GST impact: Fears of prices rising are "misplaced", says Shaktikanta Das

Don't pick up 5 items and say prices have gone up, says former economic affairs secretary on GST

Jul 2, 2017

GST impact: Consumer durables burden may not be passed on to consumers

The consumer durables industry expects only a marginal price revision despite highest tax slab of 28%

Jul 2, 2017

GST effect: Diesel and petrol prices in Karnataka drop to lowest in south India

Karnataka offer the cheapest petrol and diesel prices in South India after the GST rollout on July 1.

Jul 2, 2017

GST, 7th Pay Commission can buoy up headline inflation

Over time, GST can help lower inflation if tax cuts are passed on to consumers, and the input tax credit mechanism works smoothly.

Jul 2, 2017

Niti Aayog member Bibek Debroy 'rubbishes' claims of 1.5% boost to GDP from GST

We are nowhere near that ideal GST, this is just the beginning of a process, Bibek Debroy said.

Jul 1, 2017

GST at 18% on services, allowances hike for Central govt staff pose upside risk to inflation

The GST tax rate on services at 18 percent is 3 percent higher than the service tax levied earlier and is mostly likely to spike inflation, coming as it does along with allowances hike for Central government employees.

Jul 1, 2017

GST, don't be lusty! Baba Sehgal might even make PM Modi giggle with this new rap

Indian pop music sensation and well-known rapper Baba Sehgal has taken to YouTube again to deliver a masterpiece.

Jul 1, 2017

First Jio, now GST: Challenges for telecom operators continue

GST regime hasn't turned favourable to the telecom industry which has been rattled by Jio's tyranny.

Jul 1, 2017

Banging the buck: Modi govt slashes PPF, NSC rates to 7.8%

The Senior Citizen's Savings Scheme and Sukanya Samriddhi Yojana will now offer 8.3 percent. Both schemes were earlier offering 8.4 percent.

Jul 1, 2017

GST effect: Here is the impact on ATM transactions, insurance premiums, credit card, loan EMIs

Thanks to GST, banks and insurers will charge a higher rate of service tax on select transactions that include processing fee, premium, ATM withdrawals, others.

Jul 1, 2017

Down to earth: Govt slashes GST rates on fertilisers from 12% to 5%

Prices to fall marginally with uniform MRP of Rs 295.47 per 50 kg bag expected to be fixed across the country.

Jul 1, 2017