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Economy

  • Budget 2017: VC, PEs seek clarity on capital gains tax on unlisted stocks

    Budget 2017: VC, PEs seek clarity on capital gains tax on unlisted stocks  

    Alternative Investment Funds (AIFs) are also seeking uniformity among regulators, including SEBI, RBI, PFRDA and IRDA, on regulatoy provisions

    17 Jan 2017, 6.15 pm  |  Source: Moneycontrol.com

  • FM needs to come clean on the new ‘retrospective tax’

    FM needs to come clean on the new ‘retrospective tax’  

    Just when one thought that the issue of retrospective tax was dealt with the income tax officials issued a ‘clarification’ which is more confusing than the original notification and has once again ignited the retrospective tax...

    17 Jan 2017, 5.27 pm  |  Source: Moneycontrol.com

  • IRDAI norms bring global reinsurers on par with Indian players

    IRDAI norms bring global reinsurers on par with Indian players  

    IRDAI said that the norms for the order of preference to Indian reinsurer and the branch offices of the foreign reinsurers will come into effect immediately.

    17 Jan 2017, 5.21 pm  |  Source: Moneycontrol.com

  • RBI may consider a rate cut in first half of this year: DBS

    RBI may consider a rate cut in first half of this year: DBS  

    According to the global financial services major, the WPI readings are likely to head towards 4 percent in the first quarter of this year from 3.4 percent in October-December quarter of 2016.

    17 Jan 2017, 5.10 pm  |  Source: PTI

  • India`s rough diamond imports drop 4.7%YoY in Dec: Trade body

    India's rough diamond imports drop 4.7%YoY in Dec: Trade body  

    India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished.

    17 Jan 2017, 4.21 pm  |  Source: Reuters

  • `Making New Silk Road `Smart` can boost region`s GDP by 4-7%`

    'Making New Silk Road 'Smart' can boost region's GDP by 4-7%'  

    By focusing on the adoption and implementation of new technologies that improve infrastructure efficiency, companies could achieve real-time supply chain visibility, it said.By focusing on the adoption and implementation of new te...

    17 Jan 2017, 4.02 pm  |  Source: PTI

  • Budget 2017: Would like to see deep cuts in tax rates, says Ajit Gulabchand

    Budget 2017: Would like to see deep cuts in tax rates, says Ajit Gulabchand   

    Speaking to CNBC-TV18, Ajit Gulabchand, Chairman and Managing Director of Hindustan Construction Company, said that he hoped to see the benefits of demonetisation materialise in the form of lower taxes.

    17 Jan 2017, 3.28 pm  |  Source: CNBC-TV18

  • Note ban can do little to stop future blackmoney flow: Assocham

    Note ban can do little to stop future blackmoney flow: Assocham  

    "Invalidating existing high-denomination notes addresses the stock of black money but does little to address future flows. Eliminating such flows will require further reforms like lowering stamp duty on property transactions, elec...

    17 Jan 2017, 3.28 pm  |  Source: PTI

  • Maharashtra`s sugar output drops as mills close early

    Maharashtra's sugar output drops as mills close early  

    A drop in production could lift local prices and prompt the world's second-biggest consumer to allow duty-free imports of the sweetener, supporting global prices that are trading near their highest level in 1-1/2 months.

    17 Jan 2017, 2.53 pm  |  Source: Reuters

  • Govt mulls easing FDI norm for single brand retail

    Govt mulls easing FDI norm for single brand retail  

    According to sources, there is a proposal to allow 100 percent Foreign Direct Investment in single brand retail sector "through automatic route" with certain conditions.

    17 Jan 2017, 2.24 pm  |  Source: PTI

  • IDS disclosures valid if taxes realised by December 5: CBDT

    IDS disclosures valid if taxes realised by December 5: CBDT  

    The government had come out with a 4-month long Income Disclosure Scheme, which closed on September 30, 2016, to give an option to domestic black money holders to declare their unaccounted wealth and come clean by paying 45 percen...

    17 Jan 2017, 2.10 pm  |  Source: PTI

  • GST to have minimal impact on inflation, GDP growth: Nomura

    GST to have minimal impact on inflation, GDP growth: Nomura  

    According to the Japanese financial services major, while the resulting inflation impact will be minimal, the impact on growth would be marginally negative in the run up to its implementation.

    17 Jan 2017, 2.00 pm  |  Source: PTI

  • Budget 2017: Jaitley may give more tax breaks for first-time buyers of shares

    Budget 2017: Jaitley may give more tax breaks for first-time buyers of shares  

    The government may announce a new scheme or overhaul the structure of Rajiv Gandhi Equity Savings Scheme (RGESS), which has found few takers

    17 Jan 2017, 1.41 pm  |  Source: Moneycontrol.com

  • MP approves 6 projects worth Rs 3,285 cr of investment

    MP approves 6 projects worth Rs 3,285 cr of investment  

    "The committee approved the six projects which would bring capital investment worth Rs 3,285 crore in the state," a Public Relations department officer said today.

    17 Jan 2017, 12.16 pm  |  Source: PTI

  • Budget 2017: FM may hike service tax from 15% to close gap with 18% GST rate

    Budget 2017: FM may hike service tax from 15% to close gap with 18% GST rate  

    A higher service tax will prevent a greater price shock after GST kicks-in from July 1, 2017; it will also help the Centre partially offset the revenue loss from forgoing exclusive rights over service tax that accounts for 14% of ...

    17 Jan 2017, 12.12 pm  |  Source: Moneycontrol.com

  • India among top six promising markets, but slips one notch

    India among top six promising markets, but slips one notch  

    According to the annual global CEO survey of consultancy giant PwC, released here at the WEF annual meeting, the top two markets from the growth point of view are the US, as voted by 43 percent of respondents, followed by China (3...

    17 Jan 2017, 12.08 pm  |  Source: PTI

  • Demonetisation a success, should benefit organised sector: Enam

    Demonetisation a success, should benefit organised sector: Enam   

    Chairman of Enam Securities Vallabh Bhansali believes demonetisation is a success despite ‘flip-flop on rules that government has to calibrate on daily basis.’

    17 Jan 2017, 11.22 am  |  Source: CNBC-TV18

  • India imports 2.7 mn tonnes wheat so far this fiscal

    India imports 2.7 mn tonnes wheat so far this fiscal  

    However, traders have not signed any import deals for wheat delivery beyond March as they are sceptical that the government may reimpose customs duty on the grain when the harvesting of the new crop starts from April 2017.

    17 Jan 2017, 9.58 am  |  Source: PTI

  • Current account deficit likely to be 1.3% of GDP in 2017: Report

    Current account deficit likely to be 1.3% of GDP in 2017: Report  

    According to Japanese financial services major Nomura, as the cash crunch eases from April-June quarter of this year the country's import growth is expected to rebound faster than the export growth.

    17 Jan 2017, 9.58 am  |  Source: PTI

  • Railway ministry, Karnataka sign MoU for suburban railway system

    Railway ministry, Karnataka sign MoU for suburban railway system  

    The MoU for the development of suburban railway system in Bengaluru was released by Railway Minister Suresh Prabhu and Chief Minister Siddaramaiah at a function here.

    17 Jan 2017, 9.54 am  |  Source: PTI

  • India inks financing pact with World Bank for $48 million

    India inks financing pact with World Bank for $48 million  

    "The objectives of the project are to improve health services and increase their utilization by communities in targeted locations in Nagaland," the Finance Ministry said in a statement.

    17 Jan 2017, 9.54 am  |  Source: PTI

  • Note ban has put RBI credibility at stake: Prakash Ambedkar

    Note ban has put RBI credibility at stake: Prakash Ambedkar  

    "If it is true, then what purpose the decision of demonetisation (whose one of the aims was to extinguish black money) has served? The entire episode has put the credibility of RBI at stake."

    17 Jan 2017, 9.52 am  |  Source: PTI

  • RBI cancels registration certificate of Mumbai-based NBFC

    RBI cancels registration certificate of Mumbai-based NBFC  

    "RBI has cancelled the certificate of registration of Nupoor Capitals Private Limited," RBI said in a release.

    17 Jan 2017, 9.52 am  |  Source: PTI

  • US-China trade war could turn ugly: Raghuram Rajan

    US-China trade war could turn ugly: Raghuram Rajan   

    Speaking to CNBC former RBI Governor Raghuram Rajan raised concern over the protectionist policies proposed by US President-elect Donald Trump and said there is a significant risk of a trade war between US and China.

    17 Jan 2017, 9.38 am  |  Source: CNBC-TV18

  • IRCTC to launch first pilgrim train for North East region

    IRCTC to launch first pilgrim train for North East region  

    Originating from Guwahati, the train will be launched on February 17 and cover pilgrimage sites in West Bengal and Odisha. These sites include Gangasagar, Sri Swamy Narayan Temple, Kalighat and Birla Temple in West Bengal as well ...

    17 Jan 2017, 9.08 am  |  Source: PTI

  • Swiss firm Stadler to set up rail coach unit in Vizag: CMO

    Swiss firm Stadler to set up rail coach unit in Vizag: CMO  

    The CMO, in a release on Chandrababu's visit to Zurich, however, came out with a misleading statement that Stadler already has a manufacturing unit in Kanchrapara, West Bengal and that the proposed Visakhapatnam unit would be its ...

    17 Jan 2017, 9.08 am  |  Source: PTI

  • RBI autonomy important, retain its special status: Montek

    RBI autonomy important, retain its special status: Montek  

    Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan. RBI union too expressed concerns over dilution of central bank's autonomy over the way demonetisation is...

    17 Jan 2017, 9.08 am  |  Source: PTI

  • Budget 2017: Govt may put Rs 1,500 a month in pockets of poor, unemployed

    Budget 2017: Govt may put Rs 1,500 a month in pockets of poor, unemployed  

    In an effort to eradicate poverty, the government is working on an income transfer scheme that could form the basis of a national social security system, according to a report in The Economic Times.

    17 Jan 2017, 9.04 am  |  Source: Moneycontrol.com

  • J&K awaits Centre`s nod for Rs 323 cr for water transport proj

    J&K awaits Centre's nod for Rs 323 cr for water transport proj  

    Jammu and Kashmir Minister for PHE, Irrigation and Flood Control, Sham Lal Choudhary said that the project report of Rs 323.26 crore has been submitted to the Centre and the sanction in this regard is awaited.

    17 Jan 2017, 9.04 am  |  Source: PTI

  • Hike direct benefit transfer, don’t cut income tax: Pronab Sen

    Hike direct benefit transfer, don’t cut income tax: Pronab Sen  

    “The number 1 priority right now is to inject as much demand in the economy as possible and this can be done the quickest through a direct benefits transfer,” Pronab Sen told News18.

    17 Jan 2017, 8.38 am  |  Source: NEWS18.com

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