Journalism of Courage
ECONOMY NEWS - Page 201
Demonetisation helped some people with black money turn into white: P Chidambaram
October 29, 2017 01:17 IST
The former Finance Minister, P Chidambaram said that none of the objectives spelt out by the Prime Minister while rolling out the demonetisation drive had been achieved.
Telecom industry going through stress, but it is temporary: DoT secretary Aruna Sundararajan
October 28, 2017 10:05 IST
Department of telecommunications secretary acknowledged that it was a stressful time, but a temporary one.
65% funds spent, defence ministry seeks Rs 22,000 cr more for modernisationSubscriber Only
October 28, 2017 03:06 IST
Sources in the ministry told The Indian Express that by mid-October, the Indian Air Force had already spent 82 per cent of its capital budget, the navy 57 per cent and the army 55 per cent.
Post-GST Gujarat, Haryana surveys found no ‘earthshaking’ issues: CBEC chiefSubscriber Only
October 27, 2017 01:37 IST
Sarna conceded that there have been mismatch issues with the refunds to exporters and they are working to provide manual refunds, in cases where the online utility is unavailable.
Government extends date to claim GST transition credit till November 30
October 26, 2017 22:34 IST
The GST Council, in its 21st meeting in Hyderabad, had decided to extend the deadline for filing TRAN-1 form to October 31, from September-end earlier. It also allowed businesses to revise the form once in the case of any discrepancy.
Simplifying GST : With massive tax refunds pending clearance, will the tax inspector have a field day?Subscriber Only
October 26, 2017 15:39 IST
As the time to match returns and give tax refunds arrive and the cash crunch bites the industry and some inspectors get ready for a post Deepavali bonanza
Most of Rs 7-lakh crore road project works to be awarded by December 2018: Nitin Gadkari
October 26, 2017 01:37 IST
Not a single paisa worth of corruption will happen, says road minister Nitin Gadkari,
Recap bonds likely to raise debt levels, push back rating upgradeSubscriber Only
October 26, 2017 01:30 IST
Rise in debt to GDP ratio, already high against similar BBB-rated countries, a concern, say experts.
Bank recapitalisation to boost investment, says Former RBI Governor Bimal Jalan
October 25, 2017 20:07 IST
"Even if fiscal deficit increases by 0.1 per cent or 0.2 per cent, on the larger prospective of economy it does not matter as long fiscal deficit is not on the account of revenue deficit but on the account of capital expenditure," he noted.
India should have 5-7 large banks ideally: Chief Economic Adviser Arvind Subramanian
October 25, 2017 17:55 IST
In an ideal banking world of tomorrow, India needs to have both large public sector and private sector banks, competing domestically and being competitive internationally, Arvind Subramanian said in a lecture at SGTB Khalsa College.
Chief Economic Adviser Arvind Subramanian pegs interest cost of recapitalisation bonds at Rs 9,000cr
October 25, 2017 16:02 IST
On Tuesday, Finance Minister Arun Jaitley unveiled an unprecedented Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.
Govt’s recapitalisation plan for PSU banks a ‘monumental step’: RBI Governor Urjit Patel
October 25, 2017 13:59 IST
Urjit Patel welcomed the government's decision and said that a well-capitalised banking system is a pre-requisite for stable economic growth.
India’s $32-billion bank recapitalisation plan lifts shares, raises questions
October 25, 2017 13:11 IST
The gains come after India's cabinet late on Tuesday cleared a plan to inject 2.11 trillion rupees ($32.4 billion) into state-run lenders over the next two years.
September GST mop-up at Rs 92,150 crore from nearly 43L taxpayers
October 25, 2017 05:30 IST
Till Monday 42.91 lakh business entities had filed initial GSTR-3B returns for September.
Infra projects worth Rs 7 lakh cr including Bharatmala cleared
October 25, 2017 05:25 IST
The Prime Minister’s Office, earlier this year, had asked for Public Investment Board’s (PIB) clearance to the first phase of the project. PIB, chaired by the expenditure secretary had later approved it.
Arun Jaitley: PSB fund infusion to come with series of banking reforms
October 25, 2017 05:22 IST
Move to encourage private participation and boost growth, says SBI chairman.
Govt has a 2-lakh-crore bank capitalisation plan to spur economySubscriber Only
October 25, 2017 07:25 IST
Finance Minister Arun Jaitley said the Indian economy is on a strong wicket, with growth having bottomed out and a rebound expected in the coming quarters based on the back of “strong macroeconomic fundamentals”.
GST revenues consistent, encouraging response from industry: Arun Jaitley
October 24, 2017 22:30 IST
On a day the government announced waiver of late fee for those who filed late tax returns for months of August and September, Arun Jaitley indicated rationalisation of GST tax slabs once revenue stream stabilises.
Government unveils Rs 9 lakh crore package to boost economy
October 24, 2017 20:49 IST
For last three years India has been fastest growing major economy in the world, Finance Minister Arun Jaitley said. "And our intention is that the high growth economy that India has become, we continue to maintain that position."
Arun Jaitley says Indian economy on strong wicket: Key takeaways from the Finance Ministry’s presser
October 24, 2017 20:18 IST
Finance Minister Arun Jaitley stated that India has been the fastest growing major economy for the last three years and that the attempt is to maintain high growth rate in coming years.
Finance Minister Arun Jaitley hits back at Rahul Gandhi’s ‘Gabbar Singh’ comment on GST
October 24, 2017 19:55 IST
"It is expected to provide boost to revenues, investment, and medium-term economic growth," it said. "Despite the teething troubles that the government and GST Council are addressing, initial results in the form of revenue raised seem encouraging."
Indian economy remains on strong wicket, says Arun Jaitley; insists GDP slide reversing
October 24, 2017 18:11 IST
Finance Minister Arun Jaitley maintained that India has been the fastest growing major economy for last three years, and that the attempt is to maintain high growth rate.
Govt waives fine for delayed filing of August, September GST returns
October 24, 2017 13:09 IST
Arun Jaitley said late fee which has been already charged to businesses will be credited back to taxpayers' accounts.
Mismatch between GSTR-1 invoice and exporters’ quoteSubscriber Only
October 24, 2017 02:00 IST
Rs 150 cr sanctioned so far against claim of Rs 753 cr of IGST paid on exports in July.
Tables turned: India loses momentum as other economies gather paceSubscriber Only
October 24, 2017 06:20 IST
As per IMF data, while the US & Japan are expected to grow 50 bps higher in 2017 than the growth seen last year and China likely to grow at 6.8% against 6.7% a year ago, India may witness a slower growth rate of 6.7% in FY18 over the previous year’s 7.1%
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