Despite Finance Minister Arun Jaitley’s assurance that his proposals on excise and customs duties will not result in any significant loss or gain to the exchequer, the fine print suggests a host of items can
In a bid to give a push to digital economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs, Arun Jaitley in his Budget Speech today said that the government
Finance Minister Arun Jaitley today gave a significant tax break to a common man by cutting down the tax rates to 5 per cent on income between Rs 2.5 lakh to Rs 5 lakh. For
While presenting the Budget 2017-18 in Parliament, Union Finance Minister Arun Jaitley today revealed that in 2015-16, a total of 3.7 crore individuals filed for tax returns. Amongst these 3.7 crore persons, as many as
Revising GDP growth for 2015-16 after factoring in latest data on agriculture and industrial production, the government has now estimated it to be 7.9 per cent a notch above the 7.6 per cent estimated earlier.
An Ordinance under which the old currency notes of Rs 500 and Rs 1,000 will cease to be liabilities of the Reserve Bank of India was tabled in both Lok Sabha and Rajya Sabha. Ordinances
The Economic Survey 2016-17 was tabled by Finance Minister Arun Jaitley on the first day of the Budget Session of Parliament. The Survey highlighted challenges that India needs to overcome to achieve its goal of
The Union Budget scheduled to be presented on February 1, 2017, has expectations soaring high from several sectors and one of these sectors is the Indian auto sector. The major expectation from the Budget is
Advocating quick removal of all cash withdrawal limits to expedite pick-up in growth, Indian government's Chief Economic Adviser Arvind Subramanian today said that the full remonetisation of the country's economy will happen in the next
Chief Economic Advisor Arvind Subramanian today defended the government’s demonetisation move saying the decision ‘indeed caused inconvenience but for short period and is going to be beneficial in long-term’. Speaking to reporters after the Economic
The demonetisation of high value currencies (Rs 500 and Rs 1,000) and the subsequent cash crunch is expected to push back the asset quality recovery of Indian banks, said Fitch Ratings. The impact of demonetisation
The overall air passenger volumes (pax) are likely to reach 310 million by 2017-18, credit ratings agency India Ratings and Research (Ind-Ra) said today. The overall passenger volumes will reach 270 million by March 31,
Since December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 crore. Total deposits had increased to a record high of Rs 74,610 crore on December 7 and thereafter, it saw a
In an important revelation regarding the loan default case, the ED today said that the two initial tranches of loan worth Rs 350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a
Chairman of the Empowered Committee of Ministers on GST, Amit Mitra, today maintained a studied silence on the GST rollout date, saying that "many issues needed to be resolved to make an ideal Goods and
The Indian Institutes of Technology (IITs) have been celebrated across the country for long. Known to be giving India some of its top-notch engineers, IITs are the all-time favourites of students and their parents. Over
With the Aadhaar enrolment touching 111 crore mark on Republic Day, the total savings by the central and state exchequers by deploying it stood at Rs 36,144 crore in two years, IT Minister Ravi Shankar
E-commerce giant Alibaba Group Holding Ltd. chairman Jack Ma on Friday has cautioned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not managed appropriately. He
In a view to strengthen the ties between India and the UAE, the two nations decided to come up with an action plan by June to increase bilateral trade by 60 per cent over the
According to Census 2011, 53 per cent of India’s population is in their reproductive age group (15- 49 years). One of five persons in our country is an adolescent (10-19 years) and every third is
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