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  • Thursday, March, 2019| Today's Market | Current Time: 04:05:28

    • 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 […]

    Economy

    Over two thousand industrialists owe Rs 3.89 lakh crore to banks

      New Delhi: Government has informed, there are over two thousand industrialists whose loan accounts to the tune of 3.89 lakh crore rupees and have turned into, Non Performing Assets. In a written reply in the Rajya Sabha yesterday, Minister of State for Finance Santosh Kumar Gangwar said these industrialists include those who had taken […]

    Economy

    Demonetisation: Sitharaman assures exporters of quick remedial measures

    New Delhi: Commerce and Industry Minister Nirmala Sitharaman has assured the exporters that a well compiled report will be taken to finance Ministry so that quick remedial measures can be offered. She was addressing media persons after a meeting in New Delhi yesterday, with the Export Promotion Councils, EPCs to review the impact of demonetization […]

    Economy

    RBI dispels rumours of fake Rs 10 coins in circulation

    New Delhi: Dispelling rumours of fake 10 rupees coin in circulation, RBI has asked people not to give credence to such canards and continue to accept these coins as legal tender in all their transactions without any hesitation. In a statement RBI said, it has advised members of the public not to give credence to […]

    Economy

    Demonetisation not to agonise anyone but to clean economy: PM Modi

      New Delhi: Prime Minister Narendra Modi has said that the ban on high value currency notes is not to agonise anyone but to clean our economy. Speaking on demonetisation after launching the Pradhanmantri Grameen Awas Yojna, an ambitious housing scheme meant for the rural poor in Agra yesterday, the Prime Minister said more than […]

    Economy

    No intention to demonetise Rs 100 and 50 notes: Govt

    New Delhi: Government has said, there is no intention to demonetise 100 and 50 rupee notes in a series of tweets, Press Information Bureau (PIB) described as a myth, rumour that the Prime Minister will again address the nation to declare 50 and 100 as invalid currency. It said, there is no intention of cancelling […]

    Economy

    March 2017 deadline for bank clean up still stands: RBI deputy governor

    New Delhi: RBI’s deputy governor N S Vishwanathan has reiterated that March 2017 still stands as the deadline for banks to clean up their balance sheets. Speaking to reporters on the sidelines of Infrastructure Finance summit in Mumbai, Mr. Vishwanathan said that increment in stressed assets is coming down. Meanwhile, addressing the Summit, Mr.Vishwanathan said […]

    Economy

    IMF supports PM Modi’s efforts to fight corruption

    New Delhi: International Monetary Fund , IMF has supported Prime Minister Narendra Modi’s efforts to fight corruption by demonetizing 500 and 1000 rupees notes but cautioned that the move has to be managed prudently. IMF spokesman Gerry Rice told reporters in Washington that the global body supports Modi government’s measures to fight corruption and illicit […]

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