PM Modi Forms Economic Council, Appoints Bibek Debroy As Chief

New Delhi: Prime Minister Narendra Modi has set up a economic advisory council, the government said on Monday, as concerns grow about a slowdown in Asia’s third largest economy. The new council, headed by Bibek Debroy, a member of PM Modi’s federal think tank Niti Aayog, will address “issues of macroeconomic importance” and More...

by Loknath Das | Published 2 months ago
By Loknath Das On Monday, September 25th, 2017
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Deviation From Fiscal Consolidation Roadmap To Hurt Investor Sentiment: UBS

New Delhi: Government has been under pressure to support the economy but any change in the fiscal consolidation roadmap can hurt global investor sentiment, says an UBS report. According to the global financial More...

By Loknath Das On Saturday, September 23rd, 2017
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8,000 Returns Uploaded Every Hour On GST Portal, Says Chairman

New Delhi: Businesses have flocked to the GST Network portal on the last day of filing initial returns for August with over 80,000 GSTR-3B being uploaded every hour, its Chairman Ajay Bhushan Pandey said today. Businesses More...

By Loknath Das On Saturday, September 23rd, 2017
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Now, Pay Up To Rs. 0.49/Litre Less On Petrol, Diesel While Paying Via BHIM, Cards

Fuel prices are sky-rocketing due to changes in global crude prices resulting in consumers to feel the pinch as the value of domestic fuel prices is determined by it. A daily revision in petrol and diesel rates More...

By Loknath Das On Saturday, September 23rd, 2017
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Moody’s Downgrades UK Rating On Brexit, Economic Growth Fears

London: Ratings agency Moody’s downgraded Britain’s credit rating on Friday, saying the government’s plans to bring down its heavy debt load had been knocked off course and Brexit would weigh More...

By Loknath Das On Friday, September 22nd, 2017
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Economy on track despite ‘unsupportive’ global factors: Arun Jaitley

Finance minister Arun Jaitley said on Friday that despite “unsupportive” global factors, the government has broadly put the economy on track. Jaitley has been holding consultations with his Cabinet colleagues More...

By Loknath Das On Thursday, September 21st, 2017
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Arun Jaitley Asks Businesses Not To Wait Till Last Day To File GST Returns

New Delhi: With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley today asked them to avoid last-minute rush for tax filing. He said the GST Network (GSTN) More...

By Loknath Das On Tuesday, September 19th, 2017
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RBI Likely To Hold Policy Rate Till Fiscal Year-End: Kotak Institutional Equities

New Delhi: The Reserve Bank of India is expected to pause rate cuts for the rest of fiscal year 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, according to a report by brokerage More...

By Loknath Das On Tuesday, September 19th, 2017
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Indian Economy Likely To Become Third Largest By 2028: HSBC

Mumbai: India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, according to British brokerage More...

By Loknath Das On Monday, September 18th, 2017
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No Further Extension In Filing Returns Under GST: Hasmukh Adhia

Bengaluru: Government on Saturday ruled out any further extension in filing of returns under GST after December and advised the taxpayers to file them in advance and not wait for the last day. “We have kept More...