Economy News

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

Power up: BP, Reliance closing in on gas field near missile site

Reliance and BP are preparing a new development plan for gas-rich NEC-25 block in the Mahanadi basin.

Sep 8, 2017

Hold off on the chest-thumping till India grows at 8-10% for 10 years: Raghuram Rajan

Noting that India has grown at 6-8 percent since the 1990s, Rajan said a couple of percentages more for 10 years would make it a much bigger economy.

Sep 8, 2017

Piyush Goyal as Railways Minister is good news for renewable energy companies

India has an ambitious target to support 2,000 railway stations through solar, under the Indian Railways 1GigaWatt solar mission.

Sep 8, 2017

Former RBI governor Raghuram Rajan pitches for state asset sales to bail out banks

Rajan, a former International Monetary Fund economist, had a high-profile three-year term as the head of the RBI, playing a crucial role early in his tenure in stabilising the currency.

Sep 8, 2017

DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

Trump delivers speech on tax reform

U.S. President Donald Trump said on Sept. 6 he would get into great detail about his tax reform plan in the next two weeks.Trump, during a visit to North Dakota, listed his broad principles for tax reform to include simplifying the U.S. tax code and providing tax relief to middle-class Americans.

Sep 7, 2017