Economy News

India Inc Vs Investments: Capital expenditure growth hits 25-year low

The investment drought is being led by domestic private sector companies, in complete contrast to their behaviour in the past.

Jul 8, 2017

7th Pay Commission notified: Maximum HRA hiked from Rs 27,000 to Rs 60,000 for now

HRA shall not be less than Rs 5,400 per month, HRA rate to be raised to Rs 75,000 when DA crosses 50 percent.

Jul 7, 2017

A sugar-coated scam pill: Maharashtra factory sought Rs 328 cr loans in the names of 'dead' farmers

Sugar factory took loans under names of fictitious beneficiaries and siphoned them off.

Jul 6, 2017

Good and Simply done: Commissioner of Central Tax R Sriram, Bengaluru, talks taxes with IBT

Watch IRS officer R Sriram simplify the Goods and Services Tax (GST), in an exclusive interview with International Business Times India. GST is seen as the biggest ever indirect tax reform in post-Independence India.

Jul 6, 2017

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt.

Jul 6, 2017

Horrifying video shows how cancer spreads through the body of mice

Scientists in Japan have developed a technique that allows them to watch cancer spread around the body of mice. Understanding how and why this happens is important to finding ways to stop the spread, and could be used to look at the pathways of other diseases.

Jul 6, 2017

New housing projects hit a 7-year low in Jan-June this year: Knight Frank

The first six months of 2017 saw launches by real estate developers fall 41 percent, YoY, also the lowest half-yearly sales in five years.

Jul 6, 2017

Govt to conduct GST masterclasses for traders, companies and officials

The Twitter handle for GST — @askGST_GoI — helps in keeping stakeholders updated on the indirect tax regime.

Jul 6, 2017

Welcome to Hell: 1,000 zombies protest on the streets of Hamburg, Germany

A thousand zombies staged a performance protest in Hamburg on July 5, ahead of the G20 summit, to highlight what they feel the summit should be focused on. The 1000 Gestalten activist group gathered 1,000 people for the silent, eerie protest.The group dressed the zombies in grey from head to toe and for several days ahead of the beginning of the G20 summit, on July 7, the protesters have been popping up in small groups across the city. Their performance piece culminated in a large gathering on July 5, when organizers said 1,000 of them walked slowly through the city. The group says they have staged the protest because they want the G20 to stand for a more open, egalitarian society, rather than power in the hands of the few.

Jul 6, 2017

India, Israel seek to boost trade, investment

Trade between India and Israel stands at $4.16 billion, around $300 million in favour of Israel.

Jul 6, 2017

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

Bosch says demand for driver assistance systems taking off

Bosch developed the electric powertrain and steering for Google's prototype autonomous vehicle and is a supplier of driver assistance systems to Tesla.

Jul 4, 2017

Expensive digs: Post GST, luxury will come at a cost

Luxury apartments will be more expensive under the GST regime, but a developer will be eligible to avail of full credits on procurements upto the fresh tax liability.

Jul 4, 2017

Black glitter: Gold tax hike under GST could boost illegal bullion, sales of jewellery

3% GST hike can spur blackmarketing and compel customers to purchase from small jewellers without taking receipts.

Jul 4, 2017

GST: Gamechangers that can swing fortunes for India Inc, consumers, investors

There are many key takeaways for companies but the informal sector is expected to take a hit; here is how the dynamics matter for investors and consumers.

Jul 4, 2017