Tag: economic
Send 40% Currency To Rural Areas, RBI Tells Banks
Admitting to the cash crunch prevailing in rural areas, the RBI on Tuesday asked commercial banks to send at least 40 per cent of the currency meant for circulation to their rural branches.....
Economic Survey Projects Decline In Industrial Sector Output
The Economic Survey 2016-17 tabled in Parliament on Tuesday by Union Finance Minister Arun Jaitley projected a decline in industrial sector output during 2016-17.....
Survey Advocates Lower Taxes, Quick Remonetisation For Faster Growth
A day ahead of the tabling of India's budget for next fiscal, the latest edition of Economic Survey has called for lowering tax rates and stamp duties, quick adoption of goods and services tax and a check on over-zealous tax administration to restore higher growth.....
Drop In Economic Activity Due To Demonetisation Is Transient: Jaitley
Finance Minister Arun Jaitley on Wednesday said that the drop in economic activity due to demonetisation was only transient and its effect would not spill over to the next financial year.....
Jaitley Lists 3 Global Challenges To India's Growth In 2017
Union Finance Minister Arun Jaitley on Wednesday said the sluggish growth in the current fiscal will be replaced by a higher trajectory in 2017-18 as India's macroeconomic stability was sound, though the global scenario could pose three major challenges.....
UPA, NDA Treat Me Like Football: Mallya
Former Kingfisher Airlines chief Vijay Mallya on Friday said he was being treated like a "football" between the NDA and the UPA governments without "refrees".....
'Bad Bank A Bad Idea, Bankers To Strike Work On Tuesday'
An umbrella body of nine bank unions has called a day-long strike on Tuesday to protest the government's "anti-people banking reforms" and to press for compensation to employees for extra work done on account of demonetisation and booking loan defaulters.....
GST To Come Into Effect From July 1: Das
The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday.....
'Benami' Actions Carry Jail Terms, Warns I-T Department
India's Income Tax Department on Friday cautioned those engaging in 'benami' (proxy) transactions that they stand to face Rigorous Imprisonment (RI) of up to 7 years and would also invite prosecution under the Income Tax Act.....
Delhi's Growth Rate Slips Marginally
Delhi's GSDP growth rate saw a decline from 8.82 per cent in 2015-16 to 8.26 per cent in 2016-17, according to the advance estimates in Delhi's Economic Survey report, tabled in the assembly on Tuesday.....
