Budget 2018: Need for FM Arun Jaitley to incentivize digital payments, boost rural economy; here’s whyJanuary 20, 2018 12:18 AM
Budget 2018: To promote the cause of digital transactions further, Finance Minister Arun Jaitley should make provisions in the Union Budget 2018 to incentivize service providers as well as customers.
Indian states embrace Bitcoin technology Blockchain; Maharashtra CM Devendra Fadnavis says it builds trustPragya Srivastava | January 17, 2018 5:32 PM
Indian states are ready to embrace the technology behind Bitcoin — Blockchain — with Maharashtra being the next in line, as chief minister Devendra Fadnavis endorsed it, saying it will reduce trust deficit.
Budget 2018: No bitter pill this time? 5 reasons that make union budget a tough task for Modi governmentAman Dwivedi | January 18, 2018 1:05 PM
Budget 2018: PM Narendra Modi and FM Arun Jaitley will be much cautious in 2018 – as it will the last regular Union Budget before 2019 Lok Sabha elections. Significantly, after coming to the helm in 2014, Modi had spoken of a ‘bitter medicine’ to treat the ailing economy.
FE Online | January 17, 2018 4:07 PM
So far, the Reserve Bank has issued 14 different types of Rs 10 coin, with the first series of coins released in 2009.
Pragya Srivastava | January 19, 2018 11:55 PM
Budget 2018: As Arun Jaitley is prepping up to present the Budget 2018 on February 1, the global and Indian economic factors are going to play a crucial role while taking decisions. Here are seven key economic factors and why there is a room for tax relief.
Modi vindicated as IIM study debunks jobless growth theory, says 15 million added to labour force yearlyFE Online | January 17, 2018 2:27 PM
The Narendra Modi-led government got a big boost as a new study finds that 15 million people are being added to the labour force every year, busting the theory that jobs are not being created in the country.
Anti-Profiteering crackdown: Notice sent to Hindustan Unilever for not passing GST rate cut benefitsFE Online | January 17, 2018 1:12 PM
After McDonald’s franchisees, Honda Car dealer, it is FMCG Hindustan Unilever Limited (HUL) that is facing the ire of the government for allegedly not passing on price reduction benefit to consumers post-GST rollout. the Directorate General of Safeguards (DGS) has slapped notice on HUL under the anti-profiteering law.
Bloomberg | January 17, 2018 12:29 PM
India’s $207 billion bad loan pile could get worse. Delinquencies are rising in the affordable housing sector, a pet project for Prime Minister Narendra Modi that’s touted as a main growth driver for Asia’s third-largest economy.
Though the FDI policy announcements are a step in the right direction for India, now is the time for renewed focus on addressing issues around Debt investments in India.
As Budget 2018 nears, another round of GST rate cut on 70 items on cards at council meeting tomorrowFE Online | January 17, 2018 1:46 PM
Budget 2018, the last full Budget of the present NDA government is just two weeks away. Ahead of the Union Budget 2018, the GST Council on Thursday will hold a crucial meeting in which they may cut tax rates on as a many as 70 items and offer simpler GST returns filing.
Ashish Pandey | January 17, 2018 11:57 AM
With an aim to introduce uniformity across the states for seamless inter-state movement of goods, the electronic way bill or e-way bill system will be implemented by the government from February 1. The e-way bill for the inter-state movement has been advanced to February 1 from April 1.
FE Online | January 17, 2018 11:30 AM
India’s tourism sector got a major boost in 2017 with the number of foreign tourist arrivals (FTAs) crossing the 10 million mark. This leap in tourism even pushed the country’s earnings to over 27 billion dollars.
Government cuts additional borrowing requirement to Rs 20,000 crore from Rs 50,000 crore for FY 17-18FE Online | January 17, 2018 11:28 AM
The government announced on Wednesday that it has cut its additional market borrowing requirement for fiscal year ending in March to Rs. 20,000 crore. Earlier in December, the government had said that it will borrow an additional Rs 50,000 crore through dated securities this fiscal while trimming receipts via treasury bills by Rs 61,203 crore between now and March 2018.
FE Online | January 17, 2018 9:11 AM
With an aim to address agriculture distress, the Modi government is building over 51 lakh permanent houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G). It has been learnt that of the 51 lakh houses slated for construction under the scheme in 2017-18, Madhya Pradesh, Chhattisgarh and Rajasthan — eight lakh, 4.5 lakh and four lakh — account for more than 30 per cent of the houses to be built.
FE Bureau | January 17, 2018 6:05 AM
The mechanism will ensure that transporters and other taxpayers will not be required to visit any tax office or check-post, GSTN CEO Prakash Kumar said. Kumar added that tax inspectors might conduct random checks to confirm if a particular consignment has been registered on the portal or not.
FE Bureau | January 17, 2018 5:59 AM
The analysis, by Pulak Ghosh of IIM Bangalore and Soumya Kanti Ghosh of State Bank of India, was released on Tuesday. The data are at variance with not just headline GDP data, it doesn’t jell with consumption or investment data either.
FE Bureau | January 17, 2018 5:37 AM
Ambani’s Rs 5,000-crore investment in a non-Jio business would include setting up oil sector retail outlets in the next three years. He said in the business summit of 2016 he committed investment of Rs 4,500 crore in the state.
FE Bureau | January 17, 2018 5:33 AM
The inter-ministerial group (IMG) meeting convened at 8.30 am on January 8 to finalise the broad contours of the transaction saw an upset HPCL chairman insisting that first his conditions be met.
Geeta Nair | January 17, 2018 5:29 AM
The new airport could become a reality by 2022-23; till then the existing airport will have to be expanded, Shirole said. The airport has to increase the number of flight movements from 90 to 154.
M Sarita Varma | January 17, 2018 5:26 AM
These consortia are led by New-Delhi-based IPE Global, Mahindra Consulting Engineers (formerly Mahindra Acres Consulting Engineers-MACE) and Wadia Techno-Engineering Services.
FE Online | January 19, 2018 11:52 PM
Budget 2018: The countdown to the Union Budget 2018 has begun. Finance Minister Arun Jaitley will present the Union Budget on February 1 keeping the tradition which began last year to ensure that proposals made in the Budget are effective from April 1. Here’s what Arun Jaitley can do to boost private investments.
FE Online | January 16, 2018 7:20 PM
The Narendra Modi government on Tuesday said that it is going to strike-off names of 1.2 lakh more companies from the official records for various non-compliances as part of its continuing fight against the black money menace.
Biometrics over passwords? Survey says more Indian consumers opting for fingerprints, face recognition for financial transactionFE Online | January 16, 2018 7:58 PM
While biometrics created privacy and cybersecurity concerns in Aadhaar’s context, it is found that Indian consumers are more comfortable with using fingerprint, facial and voice recognition over passwords or PINs, a survey by VISA showed.
PTI | January 16, 2018 4:50 PM
Business optimism index for the January-March quarter 2018 touched three and half year high on improving demand conditions and expectation that government sops in the budget will revive consumption, says a report.
FE Online | January 16, 2018 5:41 PM
The GST Council, which held an urgent meeting via video conference on December 16, approved mandatory compliance of the e-Way Bill to ease traders concerns and check tax evasion. From January 16, the trial run for the E-Way Bill began. Here’s all you need to know in five points.
PTI | January 19, 2018 11:46 PM
Union budget 2018: In the upcoming Budget 2018 food subsidy bill may go up by 10 per cent to around Rs 1.60 lakh crore. This is because of the rise in minimum support prices. According to sources there will be no change in subsidised rates of foodgrains.
PTI | January 16, 2018 1:07 PM
The budget session of the bicameral state legislature in Bihar is likely to commence on February 26 and the state budget would be presented the next day, an official has said.
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