Only a miracle can help India meet fiscal deficit target of 3 pc, says Crisil
January 25, 2017 19:53 ISTIndia achieving a fiscal deficit target of 3 per cent of GDP for 2017-18 will be nothing short of a miracle, Crisil Research has said.
India achieving a fiscal deficit target of 3 per cent of GDP for 2017-18 will be nothing short of a miracle, Crisil Research has said.
The users of BHIM (Bharat Interface for Money) mobile application that was launched to simplify digital transactions are facing several "teething problems" that need to be rectified for it to be truly effective. Indigenous digital
With a view to boost a less-cash economy post demonetization, e-commerce companies, have sought incentives in the upcoming Union Budget on February 1. The incentives would help to promote e-commerce -- an essential component of
The government is yet to take a final call on the recommendation of the high-powered chief ministers’ panel to levy a Banking Cash Transaction Tax (BCTT) on cash deals of Rs 50,000, the Finance ministry
The government is planning to introduce two rates of service tax in the Union Budget, with one slab for essential services and another for non-essential services.
The Central Bureau of Investigation (CBI) has been issued a notice by Delhi High Court on Wednesday on a plea seeking a probe into allegations of BSNL's unlawful payments to a private contractor that purportedly
A Rs 1,000 subsidy for purchase of smartphones by non-tax assesses and small merchants and a cash transaction tax on withdrawals of Rs 50,000 and above in banks have been recommended by a Chief Ministers'
A day after the arrest of a former chairman and four other ex-officials of IDBI Bank along with four former executives of Kingfisher Airlines in connection with the Vijay Mallya loan default case, the Central
In a major relief to farmers hit by cash crunch on account of demonetisation, the government today decided to waive Rs 660.50 crore interest on short-term crop loans for November-December 2016. Besides, it will also
An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 per cent of the income tax to be paid by all Indians, according to 2016
In a move which if implemented could see a considerable improvement in India’s share of global services trade, the government is said to be deliberating on collecting data on foreign earnings of service based industries
Dr Brinda Jagirdar, Independent Economist Growth is now the dominant theme and the government needs to show visible proof of its intentions to kick start investment, give a push to growth and generate jobs.
The coming Budget could see the government set the fiscal deficit target in the range of 3.3-3.4 percent of GDP for the financial year 2017-18, research reports have said. "We think that the government
After India's poor ranking in the recently-released World Bank’s Ease of Doing Business report, the central government has rolled out a 295-point reform agenda for states which seeks to shorten the starting of a company
NITI Aayog CEO Amitabh Kant made a bold prediction that within three years, cash machines in India will be completely irrelevant, which was greeted with a mixture of enthusiasm and scepticism by the audience at
In the aftermath of the ban of high value currency notes, the Finance Ministry has informed Public Accounts Committee that no fake currency notes (FCNs) were seized by the agencies during the demonetisation drive from
Reserve Bank of India (RBI) Governor Urjit Patel today said that the cash flow in the country will soon be as normal as before. Patel, according to sources, said this before the Public Accounts Committee
The Budget process has finally begun, this time a month ahead of schedule, with the Halva ceremony at the North Block marking an auspicious beginning to an exercise that will see employees of the Finance
India's young adult population is increasingly at a higher risk of lifestyle diseases such as diabetes, heart disease, obesity, blood -pressure, stress and hyper-tension. Several companies that provide services in the preventive healthcare space have
The Income Tax Department has written to the RBI informing it about alleged illegal malpractices being deployed by a number of cooperative banks after its probe found "serious" difference in accounts, to the tune of
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