Economy News

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

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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

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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

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

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 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

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

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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' 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

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