Economy

Economy

STEEL

Output of eight core industries accelerates in July

The growth in production in India's eight major industries accelerated during July when total output grew by 2.4 per cent in comparison with a 0.8 per cent marginal increase during the previous month, official...

Government never expected spiked currency not to come back: Official

Rejecting criticism after the RBI indicated that almost 99 per cent of demonetised currency returned to the banking system, Economic Affairs Secretary Subhash Chandra Garg on Thursday said the government never said it didn't...

AIIB may pump in $1.5 bn in Indian projects

The Asian Infrastructure Investment Bank (AIIB) is mulling pumping in $1.5 billion (Rs 9,599 crore) in six new projects in India that includes Rs 1,279 crore in India's National Investment and Infrastructure Fund (NIIF),...
NITI Aayog vice chairman Arvind Panagariya

Indian industry not investing in job-intensive sectors: Panagariya

Debunking the notion that rigid labour laws are holding back industrial growth in India, the Niti Aayog has said the real reason behind low job creation is the industry's inability to invest in labour...
Wholesale

India’s wholesale price inflation in July rises to 1.88%

India's annual rate of inflation based on wholesale prices shot up by 1.88 per cent in July, official data showed here on Monday. According to data from the Ministry of Commerce and Industry, the wholesale...
Indian economy

GDP growth of 6.75-7.5% faces downside risks: Economic Survey-II

India's GDP growth projection of 6.75-7.5 per cent for the current fiscal faces downside risks from deflationary impulses generated by various factors, according to the government's Economic Survey-II unveiled on Friday. "Economy is yet to...
Income-Tax

ITR filing deadline extended till Aug 5: CBDT

The Central Board of Direct Taxes (CBDT) on Monday extended the deadline for income tax return filing for 2016-17 till August 5. "In view of the difficulties faced by taxpayers, date for filing of Income...

Government enters into 9 unilateral APAs with taxpayers in July

In a bid to foster a non-adversarial tax regime, the Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers during the month of July, the government...

Benami properties worth over Rs 800 cr attached: Centre

Properties worth over Rs 800 crore are under attachment in more than 400 proxy transaction cases identified since the amended law came into effect, the government told the Rajya Sabha on Wednesday. "More than 400...
co-operative bank

Digital transactions in all co-operative banks by March 2018: NPCI

The National Payments Corporation of India (NPCI) on Monday said all co-operative banks in the country would be part of digital transactions by March 2018. "The Unified Payments Interface (UPI) ecosystem now covers all public...

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