Economy News - Page 30

PM's digital dream: Why Amravati should be the pilot smart city

Though the government’s heart is at the right place insofar as smart cities are concerned, its actions have been incremental, small and unfocused.

From NREGA to Nabard: Here's how govt can redistribute note ban proceeds to poor

It is unlikely that there could be a direct transfer of money to Jan Dhan accounts which is reported to have seen some misuses. The government would want to use indirect transfer mechanisms

Demonetisation impact: Banks told to report deposits over Rs 10 lakh a year

Payments of an amount aggregating to Rs one lakh or more in cash, along with payments of Rs 10 lakh or more made by any mode (including cheque or wire transfer), towards settling credit card dues in a year will also have to reported.

India compelling market but fraud fears persist among global investors, finds study

According to the study, India was the second on the list of countries where investors were averse to investing due to fraud fears.

Udaan scheme set for take off: 43 ghost airports to see subsidised flights soon

Air passengers departing from bigger metro airports have to cross subsidise UDAN fares as airlines have been asked to pay a small levy for each departure from big airports – the money so collected will offer subsidy for the Udan scheme

Davos 2017: World Economic Forum is losing relevance; here's what it means for global economy

While Davos will continue to be conducted in future, the coverage in the media would tend to reduce as the relevance of these meetings diminishes over time unless there is a change of thinking and action at White House

Budget for undivided families: Here are a few secular ways to foster family ties via tax sops

Family figures on the radar of the taxman only tangentially---for granting exemptions to health and life insurance premiums on children and spouse.

Tragedy of going 'cashless': How Razia Begum, mother of 4, was pushed to suicide after note ban

Razia’s was one of the scores of deaths reported in the days following Prime Minister Narendra Modi’s decision to scrap high-value bank notes in a crackdown on 'black economy'.

In his first address, Urjit Patel asks staff to guard RBI reputation

Some of Patel's predecessors including D Subbarao, Y V Reddy, Bimal Jalan, and Manmohan Singh, criticised the apex bank for not doing enough to reassure the public in the wake of currency invalidation exercise.

Parliamentary panel grills Urjit Patel: Why Manmohan came to his rescue in a difficult situation

In policy matters, the government is always the final authority. There is no point in hounding the RBI politically..

Exclusive: Ahead of Budget, OECD lists out Indian economy’s ills, prescribes cures

Among the recommendations made were simplification of the bureaucratic procedures of securing regulatory approvals and environmental clearance for infrastructure projects, defining of timelines for all stages of granting approvals, relying more on single window clearance mechanisms and reviewing timelines within the Land Acquisition Bill to make land acquisition faster.

Startup bodies appeal for relaxations in tax policies

The industry representatives believe that aggressive tax collection by the IT department will adversely impact India's flagship Start-up Action Plan, 'Make In India' initiative and its Ease of Business ranking.

Make safe harbour rules attractive for tax payers, it will limit litigations

Safe harbour rules of 2013 have fallen below the tax payers’ expectations and so have not been able to generate significant interest

Many PSU banks may skip dividend payout this fiscal

Only six state-owned banks including SBI declared dividend, though at a lower rate, for the financial year ended March 2016.

Demonetisation may be the trigger for any increase in service tax rate this budget

Taxation experts have slammed any move to hike the service tax rate just months before GST comes into effect, saying industry will need to change its systems and the transition process itself will take months.

IMF GDP forecast: Can we stop the India-China ‘fastest growing economy' debate?

A sharp decline in GDP growth would mean more job losses, decline in consumer’s ability to purchase and lower number of new projects coming in. Even the existing projects may get derailed resulting in large cost overrun. Compared to this loss, what will the tangible gains from the demonetisation exercise, both in the short-term and long-term is a matter of speculation.

A four-point check list for Budget 2017: How to deal with the nervous excitement

More than demonetization’s ability to recover vast quantum of black money in the short span, its ability to increase the base for in-direct taxes in future is more appealing.

Budget 2017: Startups may get additional tax benefits, says Nirmala Sitharaman

Tax related (benefits) will have to come only through the budget, the Minister said, adding that suggestions with regard to exempting startups from MAT (minimum alternate tax) have also been forwarded.

GST deadlock ends: All set for 1 July roll out; uncertainty clears for India Inc

According to Jaitley, the whole process of preparing the draft laws and deciding the rate slabs will need time until March, which makes 1 July rollout a more realistic deadline than earlier 1 April.

RBI autonomy important, retain its special status, says Montek Singh Ahluwalia

Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan.

Post-demonetisation, IMF cuts India's growth to 6.6 percent

The IMF today cut India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also decelerated India's growth estimates.

Realtors' body seeks infra status for housing sector in Union Budget

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