Home » Business » Economy

Economy - Page 350

Printing of Rs 2,000 note may be on hold: SBI research report

Printing of Rs 2,000 note may be on hold: SBI research report

The RBI introduced a new Rs 2,000 note as well as new version of the Rs 500 note after note ban.

21 Dec 2017 1:58 AM IST

Of the 1.2 billion citizens, 4.07 crore filed tax returns in AY16 with close to 82 lakh showing zero or income less than Rs 2.5 lakh. (Representational Image)

Crorepatis see 23.5 per cent rise in FY 15, shows data

Only 1 person managed to breach the Rs 500-crore income mark in the year.

21 Dec 2017 1:51 AM IST

As bitcoin fell, Bitcoin Cash a clone of the original that was generated from another split on August 1 surged, trading up as much as 35 per cent on the day at around $850, according to industry website Coinmarketcap.

Cryptocurrencies can no longer be ignored: Sebi

Currently, India doesn't have any proper law to regulate the issue and trading of cryptocurrencies.

21 Dec 2017 1:40 AM IST

The committee said that a major gap in countrys statistical armoury is the absence of regular employment and unemployment data.

Set up new index for services, says Parliamentary Standing committee

Cites CPI's inability to capture rising costs of services.

21 Dec 2017 1:34 AM IST

As per the Centres calculations, all the states put together should collect GST revenue of Rs 92,000 crore. But, only Rs 81,000 crore was realised, a deficit of Rs 9,000 crore.

GSTN brings in new filing way

This has been done as per decision taken in the Twenty-third GST Council Meeting.

19 Dec 2017 2:02 AM IST

The Commission has to date ordered Apple to pay a record amount of back taxes up to 13 billion euros to Ireland, Starbucks up to 30 million euros to the Netherlands and Amazon 250 million euros to Luxembourg.

EU regulators to probe Ikea's Dutch tax deal

McDonald's and French energy firm Engie are also in the EU crosshairs.

19 Dec 2017 1:52 AM IST

Of this, the proposals involving net cash outgo aggregate to Rs 33,379 crore and gross additional expenditure, matched by savings of the ministries or by enhanced receipts/ recoveries aggregates to Rs 32732 crore.

Centre seeks nod for extra expense

Finance Minister Arun Jaitley moved the second batch of Supplementary Demands for Grants for FY18 in the Lok Sabha.

19 Dec 2017 1:47 AM IST

70% of the complaints about overpricing on the pretext of GST are from semi-urban and rural areas which have lower levels of awareness.

GST Council clears e-way bill mechanism for movement of goods

The Council has fixed February 1 as the compliance date for inter-state movement of goods, sources in the panel said.

16 Dec 2017 4:22 PM IST

Finance Minister Arun Jaitley on Sunday once again hinted that there is scope for lesser slabs under the Goods and Services Tax. Photo: ANI| Twitter

GST Council to meet tomorrow; discuss roll out of e-way bill

An e-way bill is required for movement of goods worth more than Rs 50,000.

15 Dec 2017 3:07 PM IST

Customs duty on some other items like electric filament and discharge lamps was also tweaked. (Representational Image)

Govt raises customs duty on some electronic items including TV

Customs duty on television set has been increased to 15 per cent from the existing 10 per cent.

15 Dec 2017 12:32 PM IST

Union minister Ravi Shankar Prasad claimed that no corruption allegation had been levelled against the current government at the Centre during its three-year rule so far, but cases of the Congress corruption continued to appear. (Photo: Twitter |

Govt exploring opportunities to make India USD 1 trillion economy

Govt will explore new opportunities in various sectors like providing BPO service from home, digital healthcare to...

15 Dec 2017 10:29 AM IST

Union Minister for Finance and Corporate Affairs, Arun Jaitley addresses a Press Conference in National Media Centre in New Delhi on Tuesday. (Photo: PTI)

Need to continue momentum on building infrastructure: Arun Jaitley

India has had one of highest infrastructure spendings in world but the momentum needs to be sustained.

15 Dec 2017 9:44 AM IST