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Demonetisation type cash crunch hits ATMs; Arun Jaitley reacts, says shortage temporary
Tue, Apr 17, 2018
Demonetisation type cash crunch hits ATMs: West Bengal Chief Minister Mamata Banerjee said it reminds her of the demonetisation days. She wondered if a "financial emergency" is going on in the country.
India to grow 7.3% this financial year, 7.6% in FY2019: ADB
Thu, Apr 12, 2018
In its Asian Development Outlook (ADO), 2018, ADB said, Indian economy grew 6.6 percent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to Goods and Services Tax (GST) in 2017, and a subdued agriculture.
Demonetisation, GST led to formalisation of economy: Arun Jaitley
Wed, Apr 04, 2018
According to the data released by the Finance Ministry on Monday, 6.84 crore returns were filed during 2017-18, significantly higher than 5.43 crore filed in the previous fiscal.
Digital payment: Know here all about popular platforms
Sun, Mar 25, 2018
Digital payment platforms: E-wallets came to the rescue of people when demonetisation struck and ATMs ran dry, and people have since adopted it as a part of their everyday lives. These e-wallets can be used to pay utility bills, pay at local stores, send and receive money anywhere and much more. Remember that KYC is mandatory for using e-wallets now as per RBI’s directive.
On demonetisation, this is what Infosys co-founder Narayana Murthy said
Wed, Mar 21, 2018
Murthy said he himself could not understand the logic behind the demonetisation move since he is not an expert on the subject.
Great news! Big salary hikes, jobs coming for employees in India!
Fri, Mar 16, 2018
Indian job market: Nearly 54 per cent of the companies surveyed said that compensation is likely to stay the same while 39 per cent said compensation is likely to grow this year. Less than 5 per cent said that it will see a decline, the report noted.
Want to buy affordable home? After 'triple whammy', here is what it will take
Thu, Mar 15, 2018
Realtors' apex body CREDAI demanded reduction in GST, easier bank financing for purchase of land to develop affordable housing and single-window clearance for approval of real estate projects to boost the sector.
Digital transactions in India could be worth $1 trillion annually by 2025, says a report
Tue, Mar 13, 2018
Digital transactions in India: Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape, it said adding unified payments interface (UPI) transactions are a key driver of greater financial inclusion.
GDP growth: Will Indian economy reach 7% rate? Surprise in store
Wed, Feb 28, 2018
In some good news for the public, GDP growth in India came in at 6.3% in September - October 2017 (Q2FY18) quarter - higher compared to 5.7% in July - September 207 (Q1FY18) quarter.
9,500 NBFCs seen as 'high risk' companies by Finance Ministry
Mon, Feb 26, 2018
It is being known that these NBFCs and co-operative banks were found converting banned Rs 500 and Rs 1000 notes during the demonetisation drive in November 2016.
Who moved my savings? The conundrum of declining savings post-demonetisation
Tue, Feb 20, 2018
Contrary to what preliminary RBI data indicated, the financial savings rate in fiscal year (FY) 2017 declined post- demonetisation even as the deposits in banks grew in droves, noted a report, adding the gains from deposits were not enough to compensate for the sharp fall in currency holdings dur
Impact of GST on restaurant industry positive: Survey
Sun, Feb 18, 2018
More than 70 per cent of the restaurant owners in the two cities believed GST is a positive decision for the industry, while 68 per cent businesses felt it will ease compliance since it is backed by technology.
India Inc on recovery path from Demo, GST shocks: CARE
Tue, Feb 13, 2018
A performance survey of somewhat 1,572 companies, excluding banks during Q3FY18, was carried out by CARE Ratings.
IIP, CPI data today; will there be any surprises?
Mon, Feb 12, 2018
The IIP data will be announced for December 2017 today, while CPI data will also be released for the month of January 2018.
This Budget reminds me of Congress regime: Basant Maheshwari,Wealth Advisers LLP
Fri, Feb 02, 2018
The market will remain under pressure in the short-term, not just because of long-term capital gains (LTCG), but also other Budget measures that may push Reserve Bank of India (RBI) to raise interest rates, said Basant Maheshwari, Wealth Advisers LLP, in an interview to Zee Business.
Growth rate will depend on range of factors: CEA Arvind Subramanian
Tue, Jan 30, 2018
If oil prices rise it can affect growth next year, as it has direct bearing on GST growth and inflation
GST, note ban fail to dent monthly registration of companies
Tue, Jan 30, 2018
Total number of companies registered in the country as of December 31, 2017, stood at 1,720,682
IRCTC’s e-ticketing revenue drops due to withdrawal of service charges
Tue, Jan 30, 2018
IRCTC sold around 209 million tickets via online platform in FY17 which saw an increase of 5% from 199 million tickets sold in the previous fiscal.
Survey is a reflection of govt’s commitment to growth, development: Dr Bibek Debroy
Tue, Jan 30, 2018
Dr Debroy endorsed the pick-up in growth highlighted in the survey, but was of the view that in 2018-19 the real GDP growth rate is likely to be closer to 7.5 per cent rather than 7 per cent.
Sustaining markets valuation depend on future earnings, economic rebounds: Economic Survey
Mon, Jan 29, 2018
With market boom, many firms have taken advantage of reduced cost of capital by issuing more equity publicly and to utilize them for new investment projects.