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-
KYC compliance: Wallet volumes nearly halve
Fears of a sharp decline in wallet usage are coming true, with a near halving of transactions through mobile wallets in the first week after the deadline to become KYC-compliant expired. -
TPP redone: Asia-Pacific trade deal unlikely to dent India’s exports
The mega Asia-Pacific trade pact signed by 11 nations, including Japan and Singapore, is unlikely to dent India’s export prospects meaningfully due to the absence of its key market — the US — in it, official and trade sources said on Friday. -
65% of CEOs keen to switch fields: Survey
Disruption has been the buzzword for a while with companies across sectors being jolted by technology and asset-light startups. Even CEOs helming major companies are beginning to shake things up for themselves — and that’s purely by design. -
CBEC to probe: Transitional credit claims by realty firms under scanner
The Central Board of Excise and Customs (CBEC) is set to start investigations into a suspected trend among some construction companies to claim undeserved transitional credits on building materials used in under-construction structures. -
Mineral royalties may soon be raised as govt mulls revision
Mineral-rich states such as Chhattisgarh, Jharkhand and Odisha are likely to mop up higher royalty receipts from the next fiscal, with the Centre considering a revision in the royalty rates. -
Implementation of two anti-evasion measures may be discussed at GST meet today
The 26th GST Council meet on Saturday is likely to finalise implementation of two crucial anti-evasion provisions —invoice-level return filing and e-way bill system — which have been hanging fire due to technological deficiency as well as cumbersome design. -
NITI Aayog discusses three concepts on farm MSP
In the light of the Budget announcement to ensure the minimum support price (MSP) for different agricultural crops, three concepts, including procurement and stocking by private parties, were discussed at a consultative meeting held in the NITI Aayog on Friday. -
Asian Infrastructure Investment Bank: Challenging the credibility of Belt and Road Initiative
India will be hosting the third annual meeting of the Asian Infrastructure Investment Bank (AIIB) at Mumbai, in June this year. This is a significant occasion for various reasons. -
Careful in diluting IBC law, put some checks instead
The changes are probably being considered with a view to facilitating more transactions; there is a feeling some of the clauses may be constricting to the extent that businessmen with sound credentials and deep pockets may get disqualified from the bidding process. -
Data drive: Jan-Dhan push to financial inclusion
The government’s Jan-Dhan Yojana, launched in August 2014, has given a major boost to financial inclusions across the country. Till February-end, 31.2 crore bank accounts had been opened under the scheme, with total deposits amounting to Rs 75,572 crore. -
With no fixed targets, GST collection not-so-encouraging: Parliamentary panel
With no targets fixed, the monthly revenue collections from GST are not encouraging, the frequent revisions in rates has impacted the stability of the new tax system and has adversely impacted the trade and businesses, a Parliamentary panel has observed in its report. -
India to become USD 5 trillion economy in 7-yrs, says Suresh Prabhu
Commerce and Industry Minister Suresh Prabhu today exuded confidence that India will become a USD 5 trillion economy in the next seven years. -
India to become USD 5 trillion economy in 7 years: Suresh Prabhu
Suresh Prabhu also said that India will be a bigger economy than China at some point of time. Currently India's economy is estimated at $ 2.5 trillion and that of China at $ 11.85 trillion. -
'India to become $5 trillion economy in 7 years'
Suresh Prabhu also said that India will be a bigger economy than China at some point of time. Currently India's economy is estimated at $ 2.5 trillion and that of China at $ 11.85 trillion. -
Farm loan waiver key reason for high revenue deficit: Maharashtra#39; Finance Minister
The budget for 2018-19, presented by Finance Minister Sudhir Mungantiwar in the Assembly, has an estimated revenue deficit of Rs 15,374 crore. -
Andhra Pradesh achieved better progress in last 3.9 yrs than before bifurcation, says N Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu today said that the state achieved better progress in the last three years and nine months than prior to bifurcation in June 2014 and credited it to team work. -
100% FDI in coal mining may attract global miners: Icra
Private sector participation would result in faster ramp up of coal production, helping gradually reduce India#39;s import dependence, especially for thermal coal, Icra said in its report. -
Over Rs 29,000 cr investment came during BJP regime: Haryana government
Over Rs 29,000 crore of fresh investment was received during the tenure of BJP-led Haryana government even as a new policy to promote agri-business and food processing will be rolled out to attract investment of Rs 3,500 crore. -
RBI turns up heat on banks after $2 billion PNB fraud
The RBI has asked commercial lenders to provide it with details of all letters of undertaking - a form of credit guarantee at the centre of an alleged $2 billion fraud - issued by them in the past several years, according to four bankers who have seen the directive. -
After a long pause, RBI likely to increase interest rate by 0.25%: CARE
The Reserve Bank is likely to increase its key rates by 0.25 per cent this year as inflation is expected to be at a higher range due to wide fiscal deficit and high prices of oil and farm produce, a report said today. -
Haryana Budget 2018 highlights: No fresh tax proposed; focus on farm, education, health and infrastructure
Chief Minister Manohar Lal Khattar led BJP government in Haryana today proposed no fresh tax in its fourth budget for 2018-19, while keeping its size at Rs 1.15 lakh crore with focus on raising expenditure in key sectors, including farm, education, health, industry, skill development and infrastructure. -
Coal output from private miners unlikely to rise in medium term: Icra
The statement comes in the wake of government deciding to open up coal sector to commercial mining by private entities. -
JIO pioneers yet another revolution, launches India's first interactive sports experience on JIOTV
JioTV users need to update to the latest version of the app from relevant app store to get this feature. -
Yet again, Donald Trump threatens India, China with reciprocal tax
US President Donald Trump today threatened to impose "reciprocal tax" on countries like China and India if they do not match America's tariff. -
Donald Trump’s trade tariff not an overnight thought, he’s been dreaming about it for at least 30 years
Three decades ago, a younger Donald John Trump spent $94,801 on an advertisement that endorsed protectionism -- a policy which has become central to decisions being taken by him as the 45th President of the United Nations in present times. Read the story of his at least 30-year-long dream of taxing "wealthy nations". -
Diu becomes first UT to run completely on solar power, sets up example for rest
Taking giant leaps in the sector of solar power generation, Diu has become nation's first ever renewable energy surplus Union Territory (UT) in just three years. Diu now runs 100 percent on solar power energy. -
Stock trading is as close to Utopia as you can get in the real world
I am the one who is destroying my own dreams, crushing my own possibilities! The day that realisation happens, is the day of your rebirth in the market. -
Union Bank says it has $45 million direct exposure to Nirav Modi, Gitanjali firms
Union Bank of India has direct credit exposure of about 1.2 billion rupees ($18.4 million) to companies controlled by jeweller Nirav Modi, and another 1.75 billion rupees ($26.9 million) to Gitanjali group of companies, its chief executive told Reuters on Friday -
Maharashtra Budget 2018: BJP tries to woo all in penultimate budget before polls, Rs 7,502 cr approved for Bandra-Versova sea link
Maharashtra Budget 2018-19: The Maharashtra Budget 2018-19 seems to be inspired by the Prime Minister Narendra Modi's slogan of 'Sabka Saath, Sabka Vikaas' with allocations spanning across all sections. Along with big announcements, state finance minister Mungantiwar also stated the current state of the economy. -
RBI may hike repo rate by 0.25% in 2018: Report
The Reserve Bank is likely to increase its key rates by 0.25 percent this year as inflation is expected to be at a higher range due to wide fiscal deficit and high prices of oil and farm produce, a report said today. -
Job creation in new sectors not visible in economic data, says Jayant Sinha
Amid criticism of the government for not creating enough jobs in the country, minister of state for civil aviation, Jayant Sinha, today said there has been an increase in job creation in last four years in new sectors but that is not been captured in various economic data. -
Will wait for US notification to see impact of tariff hikes, says India
India today said it is waiting for the US notification on hike in import tariff on steel and aluminium to gauze its impact on domestic players amid global outcry over the America's decision to increase duties beyond its commitment at the WTO. -
Airbus aims to deliver 1 aircraft per week over 10 years in India
European aviation major Airbus on Friday said it expects to deliver one aircraft per week on an average to Indian carriers over the next 10 years, even as it projects a need for 1,750 new planes over the next 20 years. -
NHAI rides on Bharatmala to achieve 78 percent construction target for 2017-18
NHAI is expected to exceed award target for 2017-18 with the organisation inviting bids for 10,460 km of new national highways till January 2018 -
Sonia Gandhi hits where it hurts, compares Modi’s ‘Achhe Din’ with Vajpayee’s disastrous ‘India Shining’
Sonia Gandhi has likened Prime Minister Narendra Modi's 'Achhe Din' to 'India Shining', seemingly in a bid to bring back the memories of Vajpayee's failed campaign, ahead of next year's General Election. -
Sonia Gandhi hits where it hurts, compares Modi’s ‘Achhe Din’ to Vajpayee’s disastrous ‘India Shining’
Sonia Gandhi has likened Prime Minister Narendra Modi's 'Achhe Din' to 'India Shining', seemingly in a bid to bring back the memories of Vajpayee's failed campaign, ahead of next year's General Election. -
2 reasons why CARE thinks banks may face liquidity crunch in coming days
Even though Reserve Bank of India (RBI) has announced that it will infuse Rs 1 lakh crore, in addition to regular auctions, through ‘additional variable rate repo operations’ during March 2018, inflationary expectations and possible rate hikes by the central bank would tend to dominate market sentiments in FY19. -
Over 1.03 cr businesses registered under GST, says government
Over 1.03 crore businesses have registered under the Goods and Services Tax (GST) regime and the implementation of the biggest indirect tax reform has been smooth so far, Parliament was informed today. -
LTCG tax no hurdle for investments in mutual funds
Mutual fund investors in India are keeping faith, unfazed by the newly-introduced LTCG tax , the PNB fraud and turmoil in global markets. -
India offers gold discounts as price fall propels buying elsewhere
"Many consumers are busy in paying advance tax. Since this is last month of the fiscal year, they have to pay taxes by March end," said Ashok Jain, proprietor of Mumbai-based wholesaler Chenaji Narsinghji. -
This restaurant in Kerala offers free food to everyone
While patrons are not charged for a meal, they can contribute whatever amount they feel like in a donation box kept at the restaurant. -
Himachal Pradesh Budget 2018-19: Focus on New India as CM Jai Ram Thakur presents maiden budget; 10 top highlights
Himachal Pradesh Budget 2018-19: After winning a thumping majority in the state, the newly elected government led by Chief Minister Jai Ram Thakur presented its first budget for the state of Himachal Pradesh. The budget was tabled in the House by the CM himself as he also holds the Finance portfolio in the state cabinet. -
Govt had sought Rs 13,000 cr additional dividend from RBI: Finmin
Economic Affairs Secretary Subhash C Garg had said yesterday that the government was expecting "some more" dividend from the central bank this month. -
Government had sought Rs 13,000 cr additional dividend from RBI, says Finance Ministry
The government today said it had sought Rs 13,000 crore more from the Reserve Bank over the Rs 30,659 crore surplus fund it transferred earlier. -
Wilful defaulters rise 1.7% till December, owe Rs 1.10 lakh cr to PSBs
"The amount involved for PSBs is reported as Rs 1,10,050 crore," Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha. -
Steel, aluminum tariffs by US to impact India#39;s engineering exports: EEPC
Engineering Export Promotion Council (EEPC) Chairman Ravi Sehgal said protectionist measures taken by countries like the US would provoke other regions such as Europe and China into taking retaliatory steps, which would further dent exports from India. -
Good news for car, bike owners! IRDAI cuts motor third party premiums for some categories
Only for bikes exceeding 350cc will there be a significant pinch from motor third party premium increase -
US trade representative unlikely to participate in WTO meet called by India: Official
India has invited trade ministers of over 50 nations including the US, China and Pakistan to discuss key issues related with areas like agriculture and services. -
Government mulls action against cement companies for cartelisation: Report
"Government is mulling action against cement cos for cartelisation," ET Now quoted the Minister Of Road Transport And Highways Nitin Gadkari as saying. -
Japan to recruit two lakh IT professionals from India
Japan also has a target of roping in 8 lakh of India’s IT professionals to live and settle in the country by 2030.
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