Journalism of Courage
ECONOMY NEWS - Page 215
Govt extends deadline for filing ITR, linking Aadhaar to PAN
August 1, 2017 02:23 IST
While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.
SBI cuts savings deposit rate by 50 bps; lowest in 6 years
August 1, 2017 02:16 IST
Accounts with a balance of less than Rs 1 crore will now earn 3.5 per cent on their savings account balances compared to 4 per cent earlier while SB accounts with a balance of more than Rs 1 crore will continue to earn 4 per cent.
Goods and services tax: 5.12 lakh businesses opt for composition scheme
August 1, 2017 01:10 IST
After a lukewarm response initially, scheme saw a surge in the last fortnight
Moody’s & ICRA Poll: ‘India likely to grow 6.5-7.5% in 12-18 months’
August 1, 2017 00:54 IST
More than half of respondents feel fast growth, capacity addition and stable commodity prices will be key driver of credit conditions for corporates.
Niti Aayog’s Appraisal of the Twelfth Five Year Plan: Low manufacturing growth holds back job creationSubscriber Only
August 1, 2017 00:46 IST
Higher focus on capital-intensive and high-skilled sectors in India has led to fast growth only in segments such as automobile and telecom which do not employ low-skilled workers; as a result of this, vast majority of workers remain concentrated in agriculture and unorganised sectors
GST on garment job works may be lowered to 5 per cent
July 31, 2017 16:17 IST
The panel, headed by Finance Minister Arun Jaitley and comprising of representatives of all the 29 states, is also likely to consider removing anomaly in taxation in cases where the intermediate goods are taxed at the highest bracket than the tax on final output, the source said.
Five lakh businesses opt for composition scheme under GST: Hasmukh Adhia
July 31, 2017 14:38 IST
The composition scheme is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs 75 lakh -- Rs 50 lakh in the case of eight north-eastern states and the hilly state of Himachal Pradesh.
RERA: UP redefines ‘ongoing’ projects, exempts even those applied for licenceSubscriber Only
July 31, 2017 01:50 IST
According to industry officials, in Noida alone, around 50 under-construction group housing projects have been delayed by three to four years due to the slowdown in the realty sector.
First quarter earnings: India Inc muddles through
July 31, 2017 01:39 IST
While pre-GST de-stocking was always going to be a bit of a dampener, the bigger concern that comes through in the numbers is that of rising input costs eating into margins.
Benami Transactions: Government provisionally attaches properties in 233 casesSubscriber Only
July 31, 2017 01:30 IST
Government data show that while the value of attached properties is Rs 813 crore, those attached in Kolkata region alone accounted for Rs 477 crore or more than 58 per cent of the value of benami properties under provisional attachment.
‘Centre considering changes in PCPIR policy’Subscriber Only
July 30, 2017 01:59 IST
The Centre had approved the setting up of four PCPIRs in states of Andhra Pradesh (Vishakhapatanam-Kakinada), Gujarat (Dahej), Odisha (Paradeep) and Tamil Nadu (Cuddalore-Nagapattinam).
Petrochemicals a commodity of the poor, says Dharmendra PradhanSubscriber Only
July 30, 2017 01:40 IST
The current petrochemicals market in India is estimated to be about 30 million metric tonnes per annum. This market is expected to grow at a CAGR of 1.5 times that of the GDP in the next 10 years.
Over 12 lakh businesses apply for new GST registration
July 29, 2017 19:45 IST
"The figure of new registrations approved in GST crosses 10 lakhs today. About 2 lakh applications pending in process," Revenue Secretary Hasmukh Adhia tweeted. Businesses have time till July 30 to register under the GST
Income Tax E-Filing: How to file returns using ITR-2 form in less than 10 minutes
July 29, 2017 19:27 IST
The deadline to file income tax returns in July 31. The people who has income less than 2.5 lakh are liable to file Income Tax Return, Rs 3 lakh for people of the age of sixty years and Rs 5 lakh for the people of the age of 80 years and above
Income Tax E-Filing: How To File Returns Using ITR-1
July 29, 2017 19:22 IST
The deadline for this year Income Tax Return is July 31. The tax payers of the income less than Rs 2.5 lakh are liable to file Income Tax Return, Rs 3 lakh for people of the age of sixty years and Rs 5 lakh for the people of the age of 80 years and above
Govt suggests RBI to freeze accounts of defaulting firmsSubscriber Only
July 29, 2017 01:57 IST
The Reserve Bank says it has no powers to freeze such accounts currently
Jeff Bezos is world’s richest man and this is how much he is worthSubscriber Only
July 27, 2017 21:20 IST
Bezos owns about 17 percent of Seattle-based Amazon, which has surged 40 percent this year through Wednesday, helping to add $24.5 billion to his net worth. He started 2017 as the world’s fourth-wealthiest person and has since surpassed Buffett and Amancio Ortega.
Goods and Services Tax an important structural reform, says Montek Singh Ahluwalia
July 27, 2017 18:15 IST
India has the capacity to achieve higher growth rate through good economic management, said Noted economist Montek Singh Ahluwalia at a programme. He was key voice in policy matters during the rule of Congress-led UPA (United Progressive Alliance).
CCEA decision: Cap for annual sovereign gold bond subscriptions raised
July 27, 2017 02:08 IST
To improve liquidity and tradability of the gold bonds, appropriate market making initiatives will be devised. Market makers could be commercial banks or any other public sector entity, such as MMTC or any other entity as decided by the government, according to the statement.
At employment exchanges, rise in applications but less than 1% get jobsSubscriber Only
July 26, 2017 08:41 IST
While Gujarat comes on top in terms of providing placement through exchanges, it isn’t the top state when it comes to the number of job-seekers. That’s Tamil Nadu with more than 80 lakh registrations with employment exchanges in first nine months of 2015, as against Gujarat which had only 6.88 lakh registrations.
Gangwar: 10 govt banks have submitted turnaround plans
July 26, 2017 02:38 IST
“It has been decided that any future capital infusion in these banks shall be subject to achievement of select agreed upon milestones as per turnaround plan on quarterly basis,” Gangwar said.
Anti-profiteering: Only mass-impact cases to be probed, says Hasmukh Adhia
July 26, 2017 01:50 IST
Once constituted by the GST Council, the national anti-profiteering authority will be responsible for applying anti-profiteering measures in cases where a reduction in tax incidence or the benefit of input tax credit has not been passed on to customers by way of a commensurate reduction in prices.
Twelfth Five Year Plan: On weak economy, infrastructure investment projected to decline sharplySubscriber Only
July 26, 2017 05:59 IST
The Central government and states’ investment in infrastructure sectors put together is estimated at 88% of their original Plan estimates
GST will not impact smartphone demand in India: Report
July 25, 2017 20:47 IST
A German research firm GfK found that smartphone demand in India remained resilient in 2017, having levelled out slightly to 14 per cent year-on-year. Global smartphone demand totalled 347 million units in 2017, up 4 per cent year-on-year.
GDP growth in last 2 yrs of UPA rule below projections, says Niti Aayog
July 25, 2017 19:54 IST
Under new methodology, the base year has been changed from 2004-05 to 2011-12 and also in conformity with international practice, the GDP is now measured at market prices. The Aayog suggested that we need to take advantage of our own past experiences.
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