Page 2906 - Economy & Policy News

Rising crude oil price drives up cost of synthetic textile raw materials

Brent crude rose 15.2 per cent in a month to its current $64.12 a barrel for spot delivery

One year of demonetisation: I-T scanner on 80,000 cases for huge deposits

Soon after demonetisation, the I-T department had launched the first phase of Operation Clean Money, which began on January 31 and ended on February 15

Crude oil price spike not a worry for fisc as yet

CAD may be a minor problem; only excise duty cut to impact govt revenue

One year of demonetisation: Firms out of cash crunch shadow

Consumer goods: July-Sept profit growth highest in 3 quarters but lower than in pre-demonetisation period

Paradise Papers cases to be considered on individual merit: Arun Jaitley

A similar probe was undertaken by investigators into the Panama Papers, he said

Crude oil up to $65 a barrel not a worry

However, it's already touched $64 a barrel in lieu of recent developments in Saudi Arabia

Can build French-style ropeways, cable cars in hilly areas: Nitin Gadkari

The Union Road Transport and Highways and Shipping Minister said that like France, they should use electricity

Income tax dept to issue 100,000 notices for huge deposits after note ban

These are part of Operation Clean Money initiated by the tax department in Jan to check black money post note ban

Note ban is BJP's move to convert their black money into white, says Mamata

Mamata Banerjee branded demonetisation as a 'devil act' and said Indian economy has been 'ruined'

One year of demonetisation: Microfinance industry recovering slowly

MD of Arohan Manoj Nambiar said demonetisation severely affected poor women as they were unable to repay in old currencies

Government plans new telecom policy by February 2018

The government plans to provide broadband connectivity to 2.5 lakh gram panchayats

17% growth in number of people filing income tax returns online

A senior Income Tax Department officer, supervising these activities, attributed the rise to the withdrawal of two high-value currency notes of Rs 500 and Rs 1,000 from circulation by the government

Direct tax collection rises 15% to Rs 4.39 lakh cr in Apr-Oct

Refunds amounting to Rs 89,507 crore were issued during the seven month period

A year after demonetisation, seizures of fake currency notes see sharp dip

Interestingly, what is described as equally significant by officials is that none of the fake currency notes caught post-demonetisation were of high quality

More goods may get cheaper as Jaitley hints at pruning 28% GST slab list

GST Council is scheduled to meet next on November 10 and may consider lowering tax rates on a host of goods

One year of demonetisation: Consumer goods put through the wringer

The timing of the note ban was a rude shock for the market

A roller coaster ride after demonetisation: From digital to less cash

Experts believe that the government took more on its plate than it could handle

Tax avoidance boom: What Paradise Papers tell about political, biz elites

The Paradise Papers reveal the goings on of the elites of the offshore world - this time in the supposedly highly-regulated havens of the Cayman Islands, Bermuda, Singapore and the like

World Bank arm to pump $23 mn into Ashiana affordable housing projects

The project would involve the construction of about 5,000 to 6,000 mid-income/affordable housing units, including senior living units (with care homes)

With Iran's Chabahar port, India opens a diplomatic shortcut to Afghanistan

India has committed $500 million to the Chabahar port that it is building as a way to bypass rival Pakistan and crack open a route to Afghanistan.