FE Bureau | April 18, 2018 2:29 AM
The group of ministers (GoM) on Tuesday met about 40 industry representatives and 15 tax tax experts to discuss simplification of the return filing process.
Anupam Chatterjee | April 18, 2018 2:18 AM
GUVNL had informed the potential bidders in advance that additional costs (assorted duties and cesses) were not liable to be passed through — a reason, experts claim, why bidders were extra-cautious and refrained from the aggression observed in previous solar auctions.
FE Bureau | April 18, 2018 2:16 AM
As for India, the IMF’s report, released in the wake of a $2-billion fraud at Punjab National Bank, calls for a broader package of financial reforms, along with recapitalisation, to improve the governance of public sector banks and strengthen banks’ debt recovery mechanisms.
FE Bureau | April 18, 2018 1:33 AM
The report makes a strong case for the government to engage with developers and address the issues around the input credits and other complexities that have risen around the computation of different categories, including land cost and construction materials, after the implementation of the new tax regime.
FE Bureau | April 18, 2018 12:23 AM
The situation is not so good in villages and small towns in the state. According to the commission agents, urban areas’ farmers are accepting payment partly by cheques but in villages, nobody is ready to accept cheques.
PTI | April 17, 2018 9:58 PM
E-way bill for intra-state movement of goods would be rolled out for six states, including Bihar, Haryana and Madhya Pradesh, from April 20.
PTI | April 17, 2018 8:26 PM
The ongoing cash crunch in Gujarat worsened today with several ATMs and banks running dry, especially in villages and the tribal belts, even though the Centre played down the issue terming it as only “temporary shortages”.
FE Online | April 17, 2018 7:44 PM
After the reports of cash crunch in the country created panic, the Reserve Bank of India (RBI) moved into damage control mode and clarified that there is no cash shortage in the country.
India to beat China again: To re-emerge fastest growing economy; IMF predicts 7.4% GDP growth this yearFE Online | April 17, 2018 7:08 PM
International Monetary Fund (IMF) on Monday predicted India’s GDP growth at 7.4 in the year 2018 and 7.8% in 2019.
PTI | April 17, 2018 6:01 PM
The finance ministry today said traders who have opted for composition scheme need not file certain details in return form since the reverse charge mechanism is not yet functional.
PTI | April 17, 2018 5:36 PM
India recorded the biggest rise of 73 per cent in investment proposals into France among emerging economies in 2017, according to a report.
Progressive closing of US economy to damage global trade growth, says International Chamber of CommercePTI | April 17, 2018 5:00 PM
Expressing concerns over increasing trade tensions, International Chamber of Commerce (ICC) today said closing of the US economy would damage both American and global trade growth prospects.
FE Online | April 17, 2018 3:29 PM
As a series of bank scams and a mountain of bad loans grip the nation, a Parliamentary panel has taken not of the banking crisis and summoned Reserve Bank of India governor Urjit Patel to answer their queries on the issues.
There was no cash shortage, is no cash shortage and will be no cash shortage: Government allays fearsFE Online | April 17, 2018 3:27 PM
There was no cash shortage, there is no cash shortage, and there will be no cash shortage, contended the Narendra Modi government after reports that ATMs are going dry and people are not being to withdraw cash in some states.
FE Online | April 17, 2018 3:30 PM
A robust at 16.2% growth for India in services export in the first half of the year 2017 has made India outpace not just China but rest of the world, data compiled by the Economic Survey 2018 showed.
Sushruth Sunder | April 17, 2018 1:23 PM
Rushing in to assuage fears after reports of cash crunch in various states including poll-bound Karnataka and Maharashtra, finance minister Arun Jaitley as well as SBI Chairman Rajnish Kumar said that there is more than adequate currency in circulation and also within the banks.
FE Online | April 17, 2018 12:18 PM
During an Aadhaar hearing, a question asked by Justice Chandrachud during the hearing made an interesting case: What if a pizza chain shares his customers’ information with his health insurance firm?
FE Online | April 17, 2018 3:03 PM
The cash crunch has been reported in several states including poll-bound Karnataka and Maharashtra, Andhra Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Madhya Pradesh.
FE Online | April 17, 2018 10:32 AM
In what could be major concerns for the Narendra Modi-led government, a latest World Bank report says that the employment rate is declining in the country, largely due to women leaving the job market.
Associated Press | April 17, 2018 8:36 AM
The ruling Communist Party is in the midst of a marathon effort to steer the country to slower, more sustainable growth based on domestic consumption and reduce reliance on trade and investment.
PTI | April 17, 2018 8:21 AM
In the India section of the report, the bank acknowledged that disruptions from demonetisation and events surrounding the implementation of GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable.
FE Bureau | April 17, 2018 6:14 AM
Skymet had forecast that southern peninsula and major portions of northeast India are likely to witness ‘below normal’ rainfall this season·
Saurabh Kumar | April 17, 2018 5:43 AM
The GSA is being observed across 17,000 villages over a period of 21 days starting April 14, 2018 and the Centre has assigned one director, deputy director or under-secretary-level officer to every village to co-ordinate the programme.
Surya Sarathi Ray | April 17, 2018 5:34 AM
India is surrounded by the Indian Ocean on the south, the Arabian Sea on the south-west and the Bay of Bengal on the south-east.
PTI | April 17, 2018 12:13 AM
In its report the World Bank said, India should strive to accelerate investments and exports to take advantage of the recovery in global growth.
PTI | April 16, 2018 11:12 PM
In a veiled reference to conflicts between Mint Road and North Block, Kumar said there should not be a “this versus that” in the case of economic policy makers.
FE Online | April 16, 2018 7:56 PM
India needs to create 8.1 million jobs a year to maintain its employment rate, said a World Bank report which is more than the population of India’s sixth largest city Hyderabad.
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