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ECONOMY NEWS - Page 196
Government likely to unveil roadmap for achieving $1-trillion revenue in IT sectorSubscriber Only
December 14, 2017 01:55 IST
Ravi Shankar Prasad will discuss potential “lighthouse projects” to help the sector in achieving the said target.
India’s Q2 current account deficit more than doubles to $7.2 billion on high oil imports
December 14, 2017 01:51 IST
India's trade deficit increased to $74.8 billion in the first of 2017-18 from $ 49.4 billion in comparable period of 2016-17.
CPI inflation hits 15-month high; industrial output at 3-month low
December 13, 2017 07:57 IST
Consumer food price index rises to 4.42%; manufacturing, consumer durables witness a slump.
India’s economy to grow at 7.2 per cent in 2018; 7.4 in 2019: United Nations
December 12, 2017 14:34 IST
The outlook for India remains largely positive, underpinned by robust private consumption and public investment as well as ongoing structural reforms, the report said.
Debit cards: Merchant acquirers demand a higher share of MDRSubscriber Only
December 12, 2017 02:40 IST
Issuers of prepaid payment instruments (PPIs) are unhappy as they are treated as merchants liable to pay MDR.
Pre-Budget Consultation: Raise social security measures, stick to fiscal roadmap, economists to Arun Jaitley
December 12, 2017 02:37 IST
Seek cut in corporate tax to 20%, levying long-term capital gains tax on equity, reduction in MAT.
India should aim at 7.5 per cent growth in two years: Ex-RBI Governor YV Reddy
December 11, 2017 07:30 IST
"The shock element is tapering off. The positive aspect is yet to come, it will come," Reddy said.
Indian economy set for higher growth trajectory, says Arun Jaitley
December 9, 2017 20:49 IST
Jaitley was speaking last night at an event organised to mark the golden jubilee celebration of the local branch of the Western India Regional Council of the Chartered Accountants Association of India (ICAI).
Direct tax collections rise 14% to Rs 4.8 lakh crore between April- November 2017
December 9, 2017 18:18 IST
The gross collections (before adjusting for refunds) have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017.
Direct tax collections rise 14% to Rs 4.8 lakh crore in April-Nov
December 9, 2017 17:16 IST
According to the statement, the net direct tax collections represent 49 per cent of the total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).
BJP-ruled states to skip meet, may seek dissolution of panelSubscriber Only
December 9, 2017 01:59 IST
Sources said the BJP-ruled states are unlikely to participate in the meeting because “there is a feeling that certain groups in the Committee were trying to create a block and to put the central government in a dock.”
Uttar Pradesh promises better investment climate to businesses, hard sells new policy
December 9, 2017 01:54 IST
The new policy is particularly aimed at facilitating ease of doing business, besides employment generation, as also establishing a new ‘Make in UP’ department to derive benefits from the ‘Make in India’ scheme.
FRDI Bill: ‘Clauses depositor friendly, provides more protection’
December 8, 2017 01:49 IST
The FRDI Bill 2017 was tabled in the Lok Sabha in August, following which it was referred to the joint parliamentary committee.
‘Deadlines for linking Aadhaar with bank account, PAN, SIM valid’
December 7, 2017 21:16 IST
The government has made it mandatory for verifying bank account and PAN to weed out black money and bring unaccounted wealth to book. The same for SIM has been mandated to establish identity of mobile phone users.
Rupee down 5 paise, stronger equities contain fall
December 7, 2017 10:08 IST
Dealers said apart from increased demand for the dollar form importers and banks, sustained outflows by foreign funds put pressure on the rupee.
RBI keeps rates unchanged, warns against higher inflation, fiscal deficitSubscriber Only
December 7, 2017 08:06 IST
The RBI panel said there have been several significant developments in the recent period which augur well for growth prospects, going forward.
Anti-profiteering form for consumers released
December 7, 2017 01:47 IST
Affected consumers may file the application before the state screening committees if the profiteering is of local nature or standing committee on anti-profiteering if the profiteering is of all-India character, the CBEC said.
Drop reverse charge mechanism, defer e-way bill, says industry
December 7, 2017 01:43 IST
The advisory group has also asked for continuation of the summarised return under GST, GSTR-3B, for one more year along with filing of all returns on a quarterly basis but payment of GST on a monthly basis.
Pre-Budget consultation: Industry for less corporate tax, quarterly GST filing
December 7, 2017 01:19 IST
Federation of Indian Chambers of Commerce and Industry (FICCI) suggested an across the board cut in tax rate for businesses and individuals, especially in backdrop of US tax reform.
RBI leaves lending rate unchanged at 6%, retains economic growth forecast at 6.7%
December 6, 2017 15:51 IST
The central bank raises inflation forecast to 4.3-4.7 per cent in the third and fourth quarters of the current fiscal, decides to rationalise charges on debit card transactions to boost digital payments
RBI likely to hold rates as growth recoversSubscriber Only
December 6, 2017 13:09 IST
The monetary authority will announce its decision at 2.30 pm in Mumbai followed by a press conference 15 minutes later.
Declare ‘debt relief package’, double loans up to Rs 2 lakh: Agriculture experts to Arun Jaitley
December 6, 2017 01:30 IST
Jaitley said the government is fully committed to safeguarding the interests of the workers, especially those working in the MSME and unorganised sector, according to a Finance Ministry statement.
Maharashtra: Increase in Integrated GST settlements since AugustSubscriber Only
December 5, 2017 03:45 IST
Maharashtra receives settlements worth Rs 1,680 cr from Centre in November
Bond yield closes at 15-month high as rate cut hopes wane
December 5, 2017 01:44 IST
The yield on the benchmark bond rose to as high as 7.10 per cent during the day before closing at 7.08 per cent.
Fitch cuts India’s growth estimate for FY18 to 6.7% from 6.9%
December 5, 2017 01:26 IST
The cut in GDP growth estimate by Fitch has come after US rating firm Moody’s upgraded India’s sovereign rating for the first time in 13 years.
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