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ECONOMY NEWS - Page 274
Will check ‘black money’ records since Independence: PM Modi
November 12, 2016 18:00 IST
Hitting out at those criticising the demonetisation move, Narendra Modi said some people are busy poking others to make them speak against him.
ATMs not equipped to dispense new notes, require machine reconfiguration: Report
November 12, 2016 13:14 IST
Demonetisation: Across major metro cities, police security is being provided to banks in the event of public becoming angry and unruly. ATMs were reported to run out of cash within hours of being stocked.
Rural areas struggle without cash transactions, weddings in trouble
November 17, 2016 14:44 IST
Much of India's rural economy is powered by cash transactions with few people having bank accounts or operating one even if they have an account.
At the moment, the Rs 2000 note is good only for selfies. Here’s why
November 12, 2016 12:07 IST
On Saturday, markets wore a desolate look as most of the shops remained closed as cash transaction is the most preferred mode of payment.
Kanpur temple asks devotees not to donate old Rs 500/1000 notes
November 12, 2016 09:20 IST
PM Modi had announced on November 8 that high denomination notes will no longer be considered a legal tender.
International Monetary Fund approves $12 billion loan for Egypt
November 12, 2016 07:12 IST
Import-dependent Egypt has struggled to attract US dollars and revive its economy since tourists and investors fled after the 2011 uprising
Will make India the most open economy in the world, says PM ModiSubscriber Only
November 12, 2016 01:56 IST
This comes in the wake of many Japanese investors, who have been facing issues in tax, land acquisition and other regulatory issues, have expressed their concerns privately to the government.
Entry tax on goods from other states constitutional: Supreme CourtSubscriber Only
November 12, 2016 01:36 IST
A nine-judge bench led by Chief Justice of India T S Thakur held by majority that state governments could impose taxes on good imported from other states even if similar goods are manufactured within its territory.
Japan Inc seeks free and open investment climate in India
November 11, 2016 17:38 IST
Japan's most influential business lobby, Sadayuki Sakakibara, especially referred to the need for relaxing norms on land acquisition and suggested that India should have bidding processes.
Kerala’s ‘fat tax’ won’t be imposed on dosa: Report
November 11, 2016 15:47 IST
The imposition of the fat tax was seen as an attempt to bolster finances of the state.
Woman allegedly dies of shock after finding out about currency withdrawal: Report
November 11, 2016 16:12 IST
According to reports, the woman found out about the currency ban only after she reached the bank to deposit her two Rs 1,000 notes.
ATMs, banks witnessing long queues after demonetisation: How states, cities are faring
November 11, 2016 16:26 IST
Demonetisation: Some residents said it was getting difficult to survive solely through online shopping.
Rupee pares early sharp loss, still down 35 paise
November 11, 2016 12:23 IST
The domestic currency opened with sharp losses breaching 67-mark at 67.20 as against yesterday's closing level of 66.63 per dollar at the Interbank Foreign Exchange (Forex) market.
IMF welcomes demonetisation but calls for ‘prudent handling’
November 11, 2016 13:40 IST
"Given the large role of cash in every day transaction in India's economy the currency transition would have to be managed prudently to minimise possible disruption"
Independent directors should uphold corporate governance norms: UK Sinha
November 11, 2016 02:09 IST
Sinha also said Sebi is working on solutions relevant to the Indian securities market and is determined to put in place checks and balances related to high frequency trade (HFT).
Recall of Rs 500, Rs 1,000 notes: Eye on hawala, Income Tax department conducts searchesSubscriber Only
November 11, 2016 02:53 IST
The raids come two days after the Prime Minister Narendra Modi scrapped the existing currency notes of Rs 1,000 and Rs 500 to curb black money.
GST implementation can’t be delayed beyond Sept 16, 2017: Arun Jaitley
November 11, 2016 01:46 IST
Arun Jaitley was referring to the GST Constitutional Amendment, which has a provision in this regard.
I-T department conducts surveys in Delhi, Mumbai, others after demonetisation
November 10, 2016 20:51 IST
The Income Tax department conducted multiple surveys in Delhi, Mumbai and other cities.
Efforts on to build consensus on sticky GST issues: Arun Jaitley
November 10, 2016 18:28 IST
"We have already sorted out 10 issues. The issue of dual control still remains, there is no reason why we will not be able to work out a reasonable solution on this," he said.
Global agencies not fully recognising India’s efforts: FM Arun Jaitley
November 10, 2016 18:23 IST
Arun Jaitley said that when the Modi government took charge in May 2014 the first challenge was to re-establish credibility of decision making process.
Tax department will not hound small depositors: Arun Jaitley on demonetisation
November 10, 2016 18:31 IST
"It's only people with large amounts of undisclosed monies who will have to face the consequences under the tax laws," Arun Jaitley said at the Economic Editors' conference.
For global economy, Donald Trump’s victory intensifies uncertainties
November 10, 2016 15:32 IST
Many analysts asked: Will, or can, Trump shed his aggressive rhetoric?
Demonetisation: Fearing customer rush, banks in West Bengal request for security cover
November 10, 2016 04:07 IST
Not possible to provide protection to all banks, says police officer
Demonetisation: Provide security for cash deposit, exchange, says UP Chief secretary to police, officials
November 10, 2016 03:37 IST
Rahul Bhatnagar asked all divisional commissioners and districts magistrates to ensure the new currency notes reach banks on time and directed banks to set up additional counters.
Demonetisation: At APMCs across Maharashtra, farmers get cheques, deferred paymentsSubscriber Only
November 10, 2016 03:20 IST
Traders in Lasalgaon, Nashik to stop operations today
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