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, finance minister Arun Jaitley has told US officials in his recent meetings with them. India is concerned about the changes in non-immigrant More...

by Loknath Das | Published 4 months ago
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...

By Loknath Das On Monday, September 25th, 2017
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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 More...

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...