Economy - general
India’s GDP grows at a slower-than-expected 7.3% in Q2
01 Dec 2016
Growth came mostly from economic activities related to public services, financial services, real estate and professional services, manufacturing, trade, hotels, transport and communication and broadcasting services
Jaitley proposes 50% tax and 25% compulsory deposit of undisclosed incomes
28 Nov 2016
I-T Act amendments propose 30 per cent tax on undisclosed income deposited in banks, plus 10 per cent penalty and 33 per cent surcharge, and a 25 per cent compulsory deposit in the Pradhan Mantri Garib Kalyan Deposit Scheme
PM Modi wants nation to embrace a cashless economy
28 Nov 2016
PM Modi has urged small traders and daily wage earners to switch to digital payment channels
Rating agencies see long-term gains from demonetisation
26 Nov 2016
International rating agencies have given the thumbs-up to the government’s decision to demonetise, saying it is worth the short-term pain
Rating agencies see long-term gains from demonetisation
26 Nov 2016
International rating agencies have given the thumbs-up to the government’s decision to demonetise, saying it is worth the short-term pain
India's growth to beat China's despite demonetisation: Fitch
26 Nov 2016
Fitch expects India's GDP growth to trend higher than China's in the medium term, adding that it would accelerate next fiscal on the back of reforms and monetary policy easing
Cashless deals up 300%; big demand for PoS devices: SBI chief
25 Nov 2016
Point of Sale transactions in State Bank of India have surged 300 per cent in numbers and 200 per cent by value, indicating that digital transactions have gone up, says SBI chairperson Arundhati Bhattacharya
Rupee hits a 3-year low of 68.86 despite RBI support
24 Nov 2016
After spending around $500 million in the morning, the RBI intervened again in the afternoon but the rupee was able to claw back only a fraction of its losses
Organised loot, legalised plunder: Manmohan on demonetisation
24 Nov 2016
Underlining that the demonetisation will hurt agricultural growth and small industry, former prime minister Dr Manmohan Singh called it organised loot and legalised plunder of the country
Deposits in Jan Dhan accounts swell by Rs21,000 cr in 15 days
23 Nov 2016
Reports say most of the money flows into Jan Dhan accounts were in West Bengal and Karnataka, which translates in to huge hoards of cash in these states
Economist Larry Summers, colleague blast demonetisation
22 Nov 2016
In a blog written jointly with a PhD student, the former US treasury secretary and World Bank chief economist Lawrence Summers says most free societies would rather let several criminals go free than convict an innocent man, but India has done the opposite
Cash crunch: RBI eases repayment norms for small loans
22 Nov 2016
The new norms are applicable only for dues payable between 1 November and 31 December this year, as this is a short-term deferment of norms due to the current currency crunch
Bosch launches programme for start-ups
21 Nov 2016
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