Economy News

World Economic Forum in Davos: India 5th most attractive spot for investment, shows PwC survey of global CEOs

The top five investment destination picked by the CEOs are — in decreasing order of preference — the US, China, Germany, the UK and India.

Jan 23, 2018

Fuel gets dearer again: Petrol price crosses Rs 80 per litre mark in Mumbai

In Mumbai, the price of a litre of petrol stood at Rs 80.10 while diesel cost Rs 67.10 on Monday.

Jan 22, 2018

Robots to join armed forces much earlier? India, Japan team up to use AI and robotics in defence

The joint efforts of the two Asian giants on the use of AI and robotics in the defence sector are expected to start by the end of January.

Jan 22, 2018

Union Budget 2018: What middle class and salaried people can expect?

In Budget 2018, the government may consider hiking the tax exemption limit from present Rs 2.5 lakh per annum to Rs 3 lakh per annum.

Jan 22, 2018

How Union Budget 2018-19 can help revive the Indian real estate industry

The Indian real estate sector certainly hopes for some decisive policy pushes and amplifications which will boost it out of the ongoing slowdown.

Jan 22, 2018

Sale of liquor without scanning of barcode to invite penal action in New Delhi

After February 15, excise department's teams will visit liquor vends in the city. If the distributors fail to follow the directive, strict action, including cancellation of licence, can be taken against them.

Jan 20, 2018

Income Tax department sends notices to cryptocurrency investors as trading hits $3.5 billion

In December 2017, the I-Tax department conducted surveys on nine virtual currency exchanges in Indian cities to gather information about transactions, parties involved and bank accounts used.

Jan 20, 2018

CEO quits midway: Trouble for Adani's Rs 7525 crore Vizhinjam Port Project in Kerala?

Santosh Mahapatra, the CEO of Vizhinjam Adani Port Pvt. Ltd. has resigned on Friday.

Jan 19, 2018

Budget 2018: Get taxed to death as gutless system fattens dodgers

Even as a large chunk of the wealthy dodges taxes with ease and impunity, budget time debates centre around meagre tweaks in tax slabs.

Jan 19, 2018

Budget 2018: Experts speak on what Finmin must do for health, IT, realty and other key sectors

Industry verticals are looking up to the finance minister to announce crucial steps in the last full budget of the NDA government.

Jan 19, 2018

GST rate cuts: What is cheaper, what is dearer

A panel of federal and state finance ministers on Thursday decided to revise GST rates on 29 goods and 53 services.

Jan 19, 2018

Budget 2018: Fund squeeze to hit health sector outlay; spending likely to rise only 11%

Public sector investment in healthcare accounts for less than 1.5 percent of the GDP in India, among the lowest globally.

Jan 19, 2018

Plan your train journey in advance, get cheaper fares: Railway panel

Normally airlines offer heavy discounts to passengers for booking flight tickets months before the journey. The panel suggests implementing the same mode of operation in trains also.

Jan 18, 2018

NPS partial withdrawals made easy: When and for what can you withdraw from pension fund

NPS subscribers who have contributed for three years are now permitted to withdraw up to 25 percent of the savings for meeting specified expenses.

Jan 18, 2018

Budget 2018: Will govt take steps to offer formal status to millions of contract workers?

Suchita Dutta, Executive Director of the Indian Staffing Federation, gives a peek into what the contract staffing sector in the country expects from Union Budget 2018.

Jan 18, 2018