Finance

india news, india fiscal deficit, modi govt, pm modi, modinomics

Are you a taxpayer? Things you should do to avoid scrutiny from income-tax department

Common man can be harassed by the I-T department if they can't provide necessary documents of their incomes.

Jan 25, 2017

BRICS bank NDB aims to increase lending to $10 billion in 6-7 years

Last year, NDB's board approved seven investment projects worth $1.5 billion, including two projects of $600 million for India.

Jan 24, 2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets

Islamic investors can now instantly purchase, save and transact in gold globally on Goldmoney's platform.

Jan 24, 2017

Is ISIS planning a resurgence with money from stolen oil and jewellery?

The Islamic State terrorist group is reportedly looking to refinance itself with oil stolen from fields in Salahuddin province and jewellery from women in Mosul.

Jan 23, 2017

remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017

Rupee vs US dollar, rupee projection, demonetisation, GST, UBS report, Indian currency

Indian rupee could fall sharply against US dollar by FY2018; Nifty to hit 8,800 by December: UBS

The Indian rupee could fall to 73 to the US dollar by end of FY2018, while the 50-scrip NSE Nifty could rise to 8,8800, says UBS.

Jan 11, 2017

India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar.

Jan 10, 2017

Banks asked to obtain PAN or Form 60 of all bank accounts

The information has to be provided to the ministry by February 28, and BSBDAs are exempted from the order.

Jan 9, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

What is Fat Cat Wednesday?

Fat Cat Wednesday is a day where FTSE 100 bosses will have already earned more than the average worker in the UK makes all year.

Jan 4, 2017

Paytm, digital wallet, payments bank, online payments, digital payments, wallet service

5 things to know about Paytm's payments bank

The RBI on Tuesday gave approval to Paytm to launch its payments bank.

Jan 4, 2017

Indian railways, Railway coolies, India rail porters, coolies

Budget 2017: Railway coolies to get provident fund, pension benefits

The BJP government is planning to bring railway porters under the social security net of EPFO scheme.

Jan 2, 2017

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else.