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Budget 2017

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Economy

  • `15-20% consumption expenditure will become digital in 1 year`

    '15-20% consumption expenditure will become digital in 1 year'  

    Nandan Nilekani said the usage of new digital payments technologies will reduce cash in the economy but increase the cash in the banking system.

    19 Jan 2017, 10.00 pm  |  Source: PTI

  • Disclose voting decisions in invested cos: IRDAI to insurers

    Disclose voting decisions in invested cos: IRDAI to insurers  

    This move will make insurance company disclose all their activity in invested companies with reasons for any decision

    19 Jan 2017, 7.51 pm  |  Source: Moneycontrol.com

  • NPS expected to grow at 35-40% in FY17, says PF regulator

    NPS expected to grow at 35-40% in FY17, says PF regulator  

    Pension fund regulator PFRDA is expecting National Pension System (NPS) to grow at a rate of 35-40 per cent in the current fiscal, a top official said today.

    19 Jan 2017, 7.28 pm  |  Source: PTI

  • Govt mulls making Aadhaar card essential for subsidised grain

    Govt mulls making Aadhaar card essential for subsidised grain  

    The Centre also said that states have promised to install digital payment system at ration shops by June.

    19 Jan 2017, 6.40 pm  |  Source: PTI

  • BHIM download at 1.1cr; 4 banks on board for Aadhaar system

    BHIM download at 1.1cr; 4 banks on board for Aadhaar system  

    The new BHIM app, that aims to make digital payments through mobiles fast and simple for people, has logged 1.1 crore downloads within 20 days of launch, IT Minister Ravi Shankar Prasad said.

    19 Jan 2017, 6.40 pm  |  Source: PTI

  • Long road ahead before PSU general insurers begin listing

    Long road ahead before PSU general insurers begin listing  

    The Cabinet yesterday cleared propsoals for listing four public sector general insurers as well as the state-owned reinsurer General Insurance Corporation of India (GIC Re).

    19 Jan 2017, 6.10 pm  |  Source: Moneycontrol.com

  • Bank deposits up 0.64% in fortnight to January 6

    Bank deposits up 0.64% in fortnight to January 6  

    After falling in the previous fortnight, banks deposits again jumped by 0.64 per cent in the fortnight to January 6, according to the Reserve Bank data.

    19 Jan 2017, 5.44 pm  |  Source: PTI

  • World Bank sanctions Rs 1,376 cr for Tripura power upgradation

    World Bank sanctions Rs 1,376 cr for Tripura power upgradation  

    The World Bank has sanctioned Rs 1,376 crore for complete upgradation and improvement of the power system network in the State, Power Minister Manik Dey said today.

    19 Jan 2017, 5.44 pm  |  Source: PTI

  • Nasscom to meet US policymakers post Trump takeover

    Nasscom to meet US policymakers post Trump takeover  

    "We will be taking the earliest possible opportunity to meet lawmakers, policymakers and administration in the US. While specific dates are yet to worked out, we are looking at February-March timeframe for the visit," Nasscom Pres...

    19 Jan 2017, 5.20 pm  |  Source: PTI

  • GST: Tax evasion up to Rs 2 cr a bailable offence

    GST: Tax evasion up to Rs 2 cr a bailable offence  

    The GST Council, at its last meeting, has decided that the provision of arrest will be restricted to forgery and non- deposit of collected taxes with the exchequer within the stipulated timeframe.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • Govt expects biotech sector to hit $100 bn by 2025

    Govt expects biotech sector to hit $100 bn by 2025  

    The sector, which is currently growing at 20 percent, is expected to go up to USD 11.6 billion by 2017, according to the achievement report of the sector under government's 'Make in India' initiative.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • Budget 2017: PAN may soon be necessary for cash transactions above Rs 30,000

    Budget 2017: PAN may soon be necessary for cash transactions above Rs 30,000  

    According to a report, the threshold for quoting PAN card details for merchant transactions could also be reduced from the current Rs 2 lakh.

    19 Jan 2017, 3.19 pm  |  Source: Moneycontrol.com

  • India rules out lowering sugar import tax for now: Govt source

    India rules out lowering sugar import tax for now: Govt source  

    Sugar prices in the local market have risen more than 10 percent in a month on an expected drop in production after back-to-back drought ravaged cane crop in the top producing western state of Maharashtra.

    19 Jan 2017, 3.07 pm  |  Source: Reuters

  • Tamil Nadu seeks Rs 39,565 crores as drought relief

    Tamil Nadu seeks Rs 39,565 crores as drought relief  

    This was disclosed by Chief Minister O Pannerselvam, who met Prime Minister Narendra Modi and sought Centre's assistance in dealing with the problem arising out of the drought in the state.

    19 Jan 2017, 2.32 pm  |  Source: PTI

  • Notes ban: Taxmen write to RBI on `malpractices` by co-op banks

    Notes ban: Taxmen write to RBI on 'malpractices' by co-op banks  

    In an analysis report prepared by the department, also accessed by PTI, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported b...

    19 Jan 2017, 2.16 pm  |  Source: PTI

  • India, Egypt to enhance ties in various fields this year: Envoy

    India, Egypt to enhance ties in various fields this year: Envoy  

    "2017 will be very exciting because we are starting on a very strong base of the interactions in 2016," India's Ambassador to Egypt Sanjay Bhattacharyya told PTI.

    19 Jan 2017, 1.30 pm  |  Source: PTI

  • Globalisation set for `new normal`, India in sweet spot: Kamath

    Globalisation set for 'new normal', India in sweet spot: Kamath  

    On debate at WEF here on future of globalisation and opportunities for China and India, Kamath said, "If you look at just China and India, they contribute two-thirds of the incremental global growth. Any dialogue on globalisation ...

    19 Jan 2017, 1.22 pm  |  Source: PTI

  • NABARD projects Rs 1,28,199.38 crore credit potential for Kerala

    NABARD projects Rs 1,28,199.38 crore credit potential for Kerala  

    According to the 'State Focus Paper,' released by Chief Minister Pinarayi Vijayan in the State Credit Seminar organised by NABARD here last evening, the credit potential for the year 2017-18 is an increase of 7.38 per cent over th...

    19 Jan 2017, 1.10 pm  |  Source: PTI

  • Nitin Gadkari promises to make India`s own Davos

    Nitin Gadkari promises to make India's own Davos  

    "Along with that, there is Pittoragarh where we are building a road for Mansarovar and we are taking Australian machines through MIG-17 and some work is already done, about 50 per cent. That place has got temperature of about minu...

    19 Jan 2017, 12.52 pm  |  Source: PTI

  • Sales of top 10 auto brands unfazed by demonetisation

    Sales of top 10 auto brands unfazed by demonetisation  

    As automobile industry came to terms with the aftereffects of demonetisation, 10 passenger car brands including the likes of Maruti Suzuki’s Swift, Hyundai's Grand i10 and Renault's Kwid showed resilience in November and Decembe...

    19 Jan 2017, 12.46 pm  |  Source: Moneycontrol.com

  • Budget 2017: FM Arun Jaitley to halve cess on domestic crude oil

    Budget 2017: FM Arun Jaitley to halve cess on domestic crude oil  

    Rising crude oil prices may prompt the finance ministry to cut the 20 percent ad valorem levy to about 10 percent; move will help prevent costly crude pushing up retail petrol and diesel prices

    19 Jan 2017, 12.10 pm  |  Source: Moneycontrol.com

  • Road ministry may have a say in your motor insurance premium

    Road ministry may have a say in your motor insurance premium  

    While this would mean good news for customers since the ministry is likely to not suggest big hikes in premiums payable, insurers may hike price of comprehensive motor covers to cover losses.

    19 Jan 2017, 11.45 am  |  Source: Moneycontrol.com

  • `GST will benefit Kerala with at least 20% tax revenue increase`

    'GST will benefit Kerala with at least 20% tax revenue increase'  

    "GST, which is a destination based tax, will increase the tax revenue of a consumer state like Kerala and also will make business more transparent. The new tax system would also end corruption to a great extent," he told reporters...

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Cabinet apprised of Indo-Japan MoU on cooperation in outer space

    Cabinet apprised of Indo-Japan MoU on cooperation in outer space  

    The MoU was signed by Indian Space Research Organisation (ISRO) and the Japanese Aerospace Exploration Agency (JAXA) during Prime Minister Narendra Modi's visit to Tokyo.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Govt okays India-UAE pact on maritime

    Govt okays India-UAE pact on maritime  

    The nod to the MoU between India and the United Arab Emirates on the Mutual Recognition of Certificates of Competency is as per the provisions of the Standards of Training, Certification and Watch keeping (STCW, 78) and amendments...

    19 Jan 2017, 9.04 am  |  Source: PTI

  • Taxmen probing bank deposits over Rs 10 lakh made since Nov 8

    Taxmen probing bank deposits over Rs 10 lakh made since Nov 8  

    The country’s apex tax authority, Central Board of Direct Taxes, has set up an e-platform to reach out to those who have crossed this threshold and find out the source of the money,

    19 Jan 2017, 8.59 am  |  Source: Moneycontrol.com

  • Railway Ministry plans Rs 1.3 lakh crore capex for FY18

    Railway Ministry plans Rs 1.3 lakh crore capex for FY18  

    In its highest-ever capital expense, the Railway Ministry is planning a capital expenditure of about Rs 1.3 lakh crore and is expecting a gross budgetary support of Rs 55,000 crore (GBS) for the fiscal year 2017-18.

    19 Jan 2017, 8.42 am  |  Source: Moneycontrol.com

  • RBI Governor faces tough questions on demonetisation

    RBI Governor faces tough questions on demonetisation   

    RBI Governor Urjit Patel today faced some tough questions from MPs as he could not set a time frame for return of normalcy in the banking system even as the central bank asserted that Rs 9.2 lakh crore or 60 percent of demonetised...

    19 Jan 2017, 7.32 am  |  Source: PTI

  • India `very friendly` place to invest amid uncertainties

    India 'very friendly' place to invest amid uncertainties  

    With the message of being a "very friendly" investment destination, India today sought to woo foreign investors at the WEF annual meet where leaders pored over the benefits of globalisation amid concerns over the impact of automat...

    18 Jan 2017, 10.14 pm  |  Source: PTI

  • FDI worth $1.77 bn in renewables from Apr-2014 to Sept-2016

    FDI worth $1.77 bn in renewables from Apr-2014 to Sept-2016  

    Government today said India received USD 1.77 billion foreign direct investment (FDI) in non-conventional energy sector from April 2014 to September 2016.

    18 Jan 2017, 9.58 pm  |  Source: PTI

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