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Economy News

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    Why do airlines overbook flights?

    Not San Francisco-Los Angeles, Mumbai-Delhi is world's third busiest domestic air route

    Mumbai-Delhi is the third busiest domestic air route in the world, while Jeju-Seoul and Melbourne-Sydney air routes are the first and second busiest respectively. Jan 11, 2018
    Pre-Budget meeting

    Economists in pre-Budget meeting tell PM Modi to focus on jobs, agriculture and fiscal consolidation

    On the agricultural front, the experts suggested the government to create more jobs in rural areas change the crop geometry, and improve linkage of farmers with markets. Jan 11, 2018
    Uber

    Cab rides to get expensive in Bengaluru: Here's all you need to know about the fare slabs

    Taxi rides in Karnataka are set to become more expensive. Depending on the cost of the vehicle, four categories of fares have been fixed in the new fare system. Jan 11, 2018
    aadhar 11111111

    UIDAI introduces Virtual Aadhaar ID to address privacy concerns

    Virtual ID is a temporary 16-digit randomly-generated number that an Aadhaar holder can use for authentication along with his/her fingerprint instead of disclosing the Aadhaar number. Jan 10, 2018
    niti aayog, i tax exemption limit, income tax rates, income tax slab, budget 2017

    I-T dept warning: Keep away from benami transactions or face music

    The Income Tax department put out an advertisement in leading national dailies titled "Keep Away from Benami Transactions". Jan 10, 2018
    india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

    Modi govt's big FDI push: Cabinet approves 100% FDI in single brand retail via automatic route

    Cabinet approved 100 percent Foreign Direct Investment (FDI) in single-brand retail via automatic route. Jan 10, 2018
    Tax

    Middle class can expect a big tax relief in Union Budget 2018

    The government is reportedly contemplating to hike personal tax exemption limit in Union Budget 2018-19. Jan 10, 2018
    Direct Tax

    Higher direct tax collection could give government some breather amid fiscal worries

    Less growth in the gross domestic product than estimated in the Budget is putting in more pressure on the fiscal target. Jan 9, 2018
    Aadhaar card

    Aadhaar linking deadline extended: When is the last day to link Aadhaar with saving schemes?

    The deadline for linking Aadhaar number to small savings schemes has extended by three months to March 31, 2018. Jan 9, 2018
    Donald Trump

    Relief for Indian techies: US says no change in H1B visa extension policy

    The USCIS is not considering a regulatory change that would force H-1B visa holders to leave the United States, an official said. Jan 9, 2018
    sbi loans advances deposit branch lending growth sme corporate lending retail npa bad loans share price sbi index bankex sensex bse stock exchange

    Banks likely to sell bad loans to ARCs in bidders' absence

    Banks and ARCs, both share a similar opinion that finding potential bidders for the accounts in the second list released by the central bank might be very difficult due to the glut of the stressed assets. Jan 9, 2018
    Make in India

    'Make in India' setback: Centre withdraws Rs 32,000 crore minesweeper project

    The move comes as a major blow to the Indian Navy's efforts to boost its mine-warfare capability and is also seen as a big setback for the "Make in India" initiative. Jan 8, 2018
    Prime Minister Narendra Modi

    Budget 2018: Centre seeks to woo middle class for 2019 polls with tax benefits

    Discussions are around the benefits such as an increase in the tax exemption limit, a return of standard deduction in some form as well as additional benefits for health insurance and even fixed deposits. Jan 8, 2018
    union budget 2017, budget 2017, fm arun jaitley, pm modi, pay commission, central govt employees

    Budget 2018: Last Budget of this govt to be presented on February 1

    The Budget Session will commence on January 29 and Finance Minister will present Union Budget 2018 on February 1. Jan 6, 2018
    note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

    GST impact to slowdown India's 2017-18 GDP growth to 6.5%

    Implementation of GST and subsequent slowdown in the manufacturing sector is expected to drag down India's growth to 6.5 percent in 2017-18. Jan 5, 2018
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