Economy - Page 361

Centre to set up new unit to boost exports

The government is planning to set up an organisation to promote Indian exports to different geographies.

27 Nov 2017 11:34 PM IST

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo:$ Business

Note ban: I-T dept to launch assessment of defaulters from Jan

CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.

27 Nov 2017 8:50 PM IST

GST collections in November slipped to Rs 83,346 crore as recorded up till November 27, from over Rs 92,000 crore last month. (Photo: PTI)

Business

GST collections dip in November to Rs 83,346 crore on lower rates

About 50.1 lakh GST returns have been filed for the month of November, a finance ministry statement said.

27 Nov 2017 8:34 PM IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: AFP/Representational)

Business

Divestments,rising GST mop-up to lower fiscal deficit pains

The report said the government's divestment strategy has a potential to generate Rs 1 trillion.

27 Nov 2017 7:32 PM IST

Union Minister for Railways Suresh Prabhu

Business

Prabhu asks industry to set a timeline for USD 1 trillion mfg revenue

The Manmohan Singh government had set a target of taking manufacturing in GDP share to 25 per cent by turn of 2025.

27 Nov 2017 6:15 PM IST

Diversified conglomerate ITC on Thursday reported an increase of 7.37 per cent in standalone net profit to Rs 2,560.50 crore for Q1.

Business

ITC says biggest headroom for growth in FMCG business

ITC says it would explore newer areas progressively, similar to what it did with the fruits, vegetables and dairy...

27 Nov 2017 5:38 PM IST

The Economic Survey on Friday warned against farm loan waivers.

Business

Farm loan waivers have no impact on states' borrowing cost: report

States borrow from the markets through state development loans (SDLs) to fund their fiscal deficit.

27 Nov 2017 5:23 PM IST

The prevalence of Bitcoins has caused some concerns in government due to its hidden nature.

Business

Bubble or breakthrough? Bitcoin keeps central bankers on edge

Private currencies threaten their control of banking system, which could undermine monetary policies used to manage...

27 Nov 2017 2:23 PM IST

Business

West Bengal has to change its image first to attract investors:...

He said that although Trinamool is trying to change the image, there was a need to change perception of the investors.

27 Nov 2017 1:52 PM IST

Indias GDP growth slowed to 5.7 per cent in April-June this year, down from 6.1 per cent in preceding three months. In picture: Raghuram Rajan. (Photo: PTI)

Business

Need broad-based economic growth, more job opportunities: Rajan

Short-term political solutions to the job reservation issue can damage the fabric of the country.

27 Nov 2017 11:52 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI Assocham

Business

Interest rate cut unlikely: Assocham

The industry chamber said that RBI has a mandate to keep the retail inflation in the band of four per cent.

27 Nov 2017 1:45 AM IST

$The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)$ Business

Taxmen to slap 'higher tax rate' on fraud revised ITRs filed post-note...

The idea behind the directive is that the provision of filing revised ITR is not misused and black income is not shown...

26 Nov 2017 6:39 PM IST