Curse Of Cash Has Impact On Society And Economy, Says Arun Jaitley

New Delhi: Ahead of the first anniversary of demonetisation, Finance Minister Arun Jaitley said on Monday that excessive cash in the economy has “its own cost” and India is gradually moving towards digital transactions. Prime Minister Narendra Modi announced on November 8 last year the scrapping of old Rs. 500 and Rs. 1,000 notes as part More...

by Loknath Das | Published 1 week ago
By Loknath Das On Monday, November 13th, 2017
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This Is The Number Of PANs Linked With Aadhaar

New Delhi: Over 13.28 crore Permanent Account Numbers (PANs) have been linked with the Aadhaar till now, official sources said on Monday. With this, 39.5 per cent of PANs are now linked with Aadhaar numbers. There More...

By Loknath Das On Monday, November 13th, 2017
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GST Council May Prune List Of Items In 28% Slab

Guwahati: The GST Council may on Friday consider reducing items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture as it looks to provide relief to consumers. More...

By Loknath Das On Monday, October 16th, 2017
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Slowdown in economy bottomed out, 7% GDP growth likely this fiscal: Niti Aayog

Niti Aayog vice chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9-7% this fiscal and 7.5% in 2018-19. The economic growth slowed to More...

By Loknath Das On Monday, October 16th, 2017
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Indians on H-1B visas are not illegal immigrants, Jaitley tells US

Indians coming to America on H-1B temporary visas are highly quality professionals and not “illegal economic migrants” and their position must thus be considered “appropriately” in future policy decisions, More...

By Loknath Das On Monday, October 16th, 2017
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Indian economy on ‘very solid track’: IMF chief Christine Lagarde

Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde said on Sunday the Indian economy is on a “very solid track” in the mid-term. “Turning More...

By Loknath Das On Thursday, October 12th, 2017
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Attempts to derail GST have failed, says Arun Jaitley

Despite “attempts to derail” the recently introduced Goods and Services Tax (GST), the states are adopting the new regime at a fast pace, finance minister Arun Jaitley has said. Jaitley was responding to a More...

By Loknath Das On Saturday, October 7th, 2017
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Petrol price cut by Rs 2.5 per litre, diesel by Rs 2.25

Petrol price was on Wednesday cut by Rs 2.5 per litre and diesel by Rs 2.25 following thereduction in excise duty on auto fuels. Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel More...

By Loknath Das On Wednesday, October 4th, 2017
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Currency impact on North American companies’ second quarter results up vs first quarter: report

NEW YORK (Reuters) – The negative effect of currency fluctuations on North American companies’ results in the second quarter rose slightly from the first quarter, but was down from a year ago, currency More...

By Loknath Das On Wednesday, October 4th, 2017
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RBI to print new Rs 100 currency notes?

The Reserve Bank of India (RBI) is reportedly going to start printing new Rs 100 notes in April next year, as part of its plan to redesign and upgrade the ones in circulation. The existing notes, which will remain More...