Economy News - Page 10

HP ties up with KPMG to launch invoicing platform GST Solutions for aiding MSMEs, traders

It facilitates the entire process from inputting purchase invoices, generating sales invoices, managing the input credit ledger and generating reverse charges.

Arun Jaitley wants India to be a defence manufacturing hub; seeks educational institutions' help to fill gap

The country has institutions like IITs, DRDO labs and a large number of private institutes which can help it achieve the goal, the minister said.

Govt initiates process to find new SBI chief; Arundhati Bhattacharya's term end on 6 Oct

The post assumes significance as the bank has recently merged five associates and the Bharatiya Mahila Bank (BMB) pushing SBI into the league of top 50 banks globally in terms of assets.

EPFO to invest Rs 20,000 cr in equities in 2017-18, says Bandaru Dattatreya

The Finance Ministry had earlier notified a new investment pattern for EPFO, allowing the body to invest a minimum of 5 percent and up to 15 percent of its funds in equity or equity-related schemes.

GST impact: TV, AC, washing machines to cost more; smartphones, small cars to be cheaper

Personal care items like shampoo, perfumes and make-up items would cost more as the tax rate will go up to 28 percent, from the existing 22 percent.

Finance Minister Arun Jaitley to take stock of NPAs at review meet on 12 June

Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark

Ban on cattle trade for slaughter in markets is a shocker to poor farmers and meat industry

Slaughter houses gets only 10 percent of the cattle directly from farmers. The rest 90 percent is from mandis, according to meat exporters

3 years of Narendra Modi govt: Was demonetisation his biggest blunder or reform?

Even after six months, we are still struggling for an answer. The precise reason is neither the government nor the RBI has yet revealed the amount of old currency that has returned to the system after demonetisation.

India retains top position as world's highest FDI destination, attracts $62.3 bn in 2016

India has remained ahead of China and the US as far as FDI inflows were concerned in the last year

3 years of Narendra Modi government: Meddling in businesses mocks 'minimum govt' promise

There has been no serious action to dismantle the rights-based entitlement regime that was erected under the United Progressive Alliance government.

Pakistan defence spend may rise 30% but its real enemies are Chinese debt trap, poverty

A steeper-than-expected rise in defence spend wouldn’t be good news for a crippled economy like Pakistan, largely running on Chinese aid.

Cabinet okays abolition of FIPB: Say happy goodbye to license raj institution

Set up after economic liberalisation, it was envisaged as a single-window clearance for all FDI proposals. But it turned out to be a body which developed clout not entirely commensurate with its functions

US proposes cut in India development aid to just $33 mn in 2018; Afghanistan to get $782 mn

Assistance to Maldives, which is in danger of extinction due to climate change, is facing a massive cut from $3.3 million in 2016 to a mere $440,000 in 2018

Govt abolishes FIPB after 25 years, new mechanism for FDI approval on anvil

Arun Jaitley said that about 91-95 percent of FDI proposals are under the automatic route

Note ban 'successful political coup' says French economist Guy Sorman

He said Modi seems sometimes more interested in making political and symbolic gains than in helping the economy with a predictable course

Moody’s downgrades China: How Narendra Modi can grab this opportunity for India's benefit

Slowing China is an opportunity for India. But only if exports, private investments, employment generation and a healthy banking system live up to the challenge

Paytm launches niche payments bank offering 4% interest, to open 31 branches initially

As many as 11 companies including Reliance Industries and India's top three telecom operators were in 2015 permitted by the Reserve Bank of India (RBI) to set up payments banks which can take deposits and remittances but cannot lend.

IT minister Ravi Shankar Prasad says 20-25 lakh jobs will be created in IT sector in 4-5 years

The minister says I completely deny and refute that there is any downturn in the employment in the IT sector

African Development Bank meet: Narendra Modi govt should ensure racist attacks don't imperil African goodwill

Successive Indian governments, since the UPA time have been wooing Africa and holding bi-annual India-Africa summits

Punjab Chief Minister Amarinder Singh assures farmers of early debt waiver

CM urged Punjab's debt-ridden farmers not to commit suicide and assured of steps to help the farming community

African Development Bank meet: Africa a top priority for India, our relation based on cooperation, says Narendra Modi

This is the 52nd Annual Meetings of the African Development Bank with the theme 'Transforming Agriculture for Wealth Creation in Africa'.

Three years of Narendra Modi govt: 10 charts that show where Indian economy stands

GDP is indeed good and the country is the fastest growing. But where are the investments? Without them, job creation will continue to be a difficult task

RBI refuses to disclose list of loan defaulters despite SC order, citing state's economic interests

On December 16, 2015 the apex court had clearly rejected RBI's arguments and ordered disclosure of defaulters' list

Maharashtra's rural revolution-2: Dairy, livestock and fisheries help de-risk the farmer

The total outlay for the poultry project will be Rs.200 crore.

India does not believe in imposing partnerships on other nations, leave it on partners, says Jaitley

'India-Africa cooperation is not an one-off event. This has been central to our strategical policy,' said Jaitley,

GST: Govt dictating prices goes against free-market spirit; will anti-profiteering law end up as tax terrorism?

Hasmukh Adhia hinted that any price hike by companies before 1 July, even if done for reasons such as higher input cost, may be subjected to enquiries. A veiled threat?

Paytm Payments Bank starts operations: Check out what's on offer for the customers here

The customer will have to spend Rs 100 for a 10-leaf cheque book, i.e. Rs 10 per leaf

African Development Bank summit: Arun Jaitley says Indo-Africa alliance can shape future of the world

Prime Minister Narendra Modi will tomorrow inaugurate the five-day annual meeting of the AfDB Group.

OPEC output cuts, more expensive oil push India to consider US, Canadian suppliers

India now imports 86 percent of its oil needs from OPEC states to meet its 4.6 million barrels per day (bpd) refining capacity.

GST: Industrial alcohol, ethanol to attract 18% tax; decision on stock provision rules on 3 June

Various representations have been made stating that 40 percent credit given for transition stock is too less