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    • Economy

    India to be fastest growing economy among G-20 nations: Moody’s

    New Delhi: International rating agency Moody’s Investors Service has predicted that India will be the fastest growing economy among G-20 countries clocking a 7(point)1 per cent growth in year 2017.   In the report titled ‘Modest Acceleration in the Global Economy, Moody said, Indian economy will be the fastest growing among the G-20 nations, though […]

    Economy

    Economic growth will make sharp recovery: RBI governor

      New Delhi: News Content Reserve Bank Governor Urjit Patel yesterday said India’s economic growth will make a sharp recovery following the recall of old 500 and 1,000 rupee notes. In an interview to CNBC-TV18, Mr Patel made a strong case for continuing with globalisation, even in the face of a potential shift to trade […]

    Economy

    Normalcy restored within few weeks of decision to recall 86% of currency in circulation: Arun Jaitley

      New Delhi: Finance Minister Arun Jaitley today said normalcy has been restored within few weeks of the decision to recall 86 per cent of the currency in circulation and now there is no shortage of notes in market. He said, currency note printing presses of Reserve Bank of India as well as Security Printing […]

    Economy

    I-T dept issues refunds of Rs 1.42 cr this fiscal; 41.5% higher than last year

    New Delhi: The income tax department has issued refunds of 1.42 lakh crore rupees so far this fiscal. It is 41.5 per cent higher than last year. The centralised processing centre of the tax department has already processed over 4.19 crore income tax returns and issued over 1.62 crore refunds during the current financial year. […]

    Economy

    Despite global economic slowdown, India is poised 7% growth: Arun Jaitley

    New Delhi: Union Finance Minister Arun Jaitely has said that despite global economic slowdown, India is poised for seven percent growth. Speaking at the two day Make in India Karnataka Conference in Bengaluru today, Mr Jaitley said that the Cetre is giving thrust to infrastructure and social sector. He said, a sum of 3 lakh […]

    Economy

    IndiGo Launches 20 new flights to expand domestic connectivity

    Mumbai:   IndiGo, India’s largest low-cost carrier has announced the expansion of its network by adding 20 new flights to cities with high demand and expanding potential. With growing demand from the Southern India region, IndiGo has reoriented its focus by introducing additional to and fro flights connecting Hyderabad and Chandigarh; Chennai and Chandigarh; Chennai and […]

    Economy

    LPG subsidy: I-T to share data of taxpayer who earn above 10 lakh

    New Delhi: In an attempt to check pilferage of subsidy on cooking gas by the higher income groups, the Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all individual taxpayers whose annual income exceeds 10 lakh rupees. The tax department, apart from sharing the names of such people, […]

    Economy

    Less tax for small traders if digital payments accepted: FM

    New Delhi: Finance Minister Arun Jaitley has said that small traders and businesses with a turnover of up to 2 crore rupees will pay less tax if they accept payments through banking and digital means. Speaking to reporters in New Delhi yesterday, he said, in 2016-17 budget, small traders and businessmen, with turnover of up […]

    Economy

    Demonetised notes can be deposited in PO saving a/c: FinMin

    New Delhi: Finance Ministry has said, people can deposit the now-invalid Rs 500 and Rs 1000 denomination currency notes in their Post Office savings accounts as deposits into these accounts are excluded from the bar imposed on deposits of invalid notes in small saving schemes. After the demonetisation announcement on November 8, the ministry had […]

    Economy

    Massive support for govt’s decision on demonetisation in survey on PM Modi’s app

    News Delhi: More than 93 per cent of the five lakh people, who participated in a survey on Narendra Modi App, have supported government for its decision to demonetise old 500 and 1000 rupee notes after Prime Minister sought public feedback on the issue on Tuesday. The survey result was read out by IT and […]

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