Business, Economy, 9th Aug 2017, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 08:00 AM IST

Business Economy 09 Aug 2017

Business, Economy, 09 Aug 2017

Trai on Wednesday floated a paper on developing a framework that can give people more control over their personal data and prevent chances of misuse. (Representational Image)

Trai seeks view on data ownership, privacy to check misuse

It is important to have a clear policy related to data ownership, privacy and security in the telecom space, said Trai chairman.

09 Aug 2017 9:02 PM

Parliament on Wednesday adopted a statutory resolution on increase in basic customs duty (BCD) to 10 per cent on import of mobile phones, printers and ink cartridges. (Representational Image)

Parliament adopts resolution on hike in basic customs duty

Parliament adopted a statutory resolution on hike in basic customs duty on import of phones, printers and cartridges.

09 Aug 2017 8:45 PM

Direct tax collections jumped 19 per cent in the first four months of 2017.

Direct tax collection jumps 19 per cent in Apr-June to Rs 1.90 lakh crore

The collection, net of refunds, was 19.5 per cent of the total Budget Estimate of direct taxes for 2017-18.

09 Aug 2017 8:28 PM

The finance ministry is expected to initiate the process of consolidation of public sector banks once the first quarter results of the current fiscal have been announced.

Consolidation of PSU banks to be initiated post Q1 results

Factors like regional balance, geographical reach, financial burden and smooth transition have to be considered before merger.

09 Aug 2017 7:01 PM

Direct tax collections in April-July at Rs 1.90 lakh crore

This direct tax collection is 19.5 per cent of total budget estimates of direct taxes for FY18.

09 Aug 2017 6:12 PM

Vijaypat Singhania, the former owner of Raymond Ltd.

India's 'Raymond' man is now fighting a battle against his son

Singhania, who gave up all shares of Raymond Ltd to his son Gautam, is now left defenseless against him.

09 Aug 2017 5:43 PM

Commerce and Industry Minister Nirmala Sitharaman.

Agricultural exports decline to USD 33.87 billion in FY17

Import of agricultural commodities in 2016-17 rose to USD 25.09 billion from USD 15.03 billion in 2013-14.

09 Aug 2017 5:41 PM

99 FDI proposals pending in various ministries: Sitharaman

FDI into the country grew 9 per cent to USD 43.47 billion in 2016-17.

09 Aug 2017 4:56 PM

The first phase of National Cyber Coordination Centre, set up to detect cyber security threats, has been made operational now.

First phase of National Cyber Coordination Centre operational: IT minister

The government has also made operational botnet and malware cleaning centre that will detect malicious software and clean them.

09 Aug 2017 4:29 PM

Millions of companies in India are still not ready to file their first returns under the new Goods and Services Tax (GST) ahead of an Aug 20 deadline.

Get ready for first filing deadline: GSTN chief Navin Kumar

He assured that the huge IT back end was designed to crunch up to 3 billion invoices a month and could handle last-minute rush.

09 Aug 2017 3:40 PM

Income tax department expects taxpayers to file correct returns whther they file it in cash or online. (Photo: PTI).

I-T dept may shoot you with a notice if you file incorrect return

Tax authorities expect taxpayers to file a correct tax return without withholding any information.

09 Aug 2017 2:37 PM

Total equity inflows into domestic mutual funds rose to all time high of Rs 18,200 crore in July.

MF equity interest hits record high in July: Deutsche Bank report

The all-time-high equity inflows into mutual fund indicates 'financialisation' of savings cycle in India.

09 Aug 2017 2:25 PM

The government has notified the timeline for furnishing final tax returns for July and August under the Goods and Services Tax (GST) regime.

Govt posts timeline for GST return filing for July, August

The GST Council had in June extended timeline for filing final GST returns in forms GSTR-1, GSTR-2 and GSTR-3 for July and August.

09 Aug 2017 2:07 PM

Domestic passenger vehicle sales will grow by 9-10 per cent during the ongoing fiscal driven, said ratings agency ICRA.

Disposable income to drive up passenger vehicle sales by 9-10 per cent

ICRA said sales will grow given the low penetration levels and increasing disposable income.

09 Aug 2017 1:49 PM

The Uttar Pradesh government will not charge GST on tickets of films of which more than 50 per cent part has been shot in the state. (Representational Image)

No GST on tickets of films 50 per cent shot in Uttar Pradesh

These movies will include ones produced by Children's Film Society, National Award winning best feature film, etc.

09 Aug 2017 1:24 PM

Vegetables like tomatoes and onions caused a bit of disruption with price rises driven by uneven monsoon rains.

Retail inflation seen picking up for first time in 4 months

Consumer price index likely rose 1.87 per cent after dipping to an historic low of 1.54 per cent in June.

09 Aug 2017 1:13 PM

GST will promote transparency, corruption-free business environment: Piyush Goyal

GST framework captures every transaction from end to end, recording them from source to final destination.

09 Aug 2017 11:00 AM

Road, Transport and Highway Minister Nitin Gadkari.

Chabahar Port in Iran will be ready next year: Gadkari

Govt is in a position to place orders worth Rs 400 crore for mechanised equipment and cranes.

09 Aug 2017 10:01 AM

Niti Aayog Vice-Chairman designate Rajiv Kumar. (Photo: Twitter)

GST rollout lowers overall tax burden: Niti VC designate

GST overhauling India's convoluted indirect taxation system and unifying USD 2 trillion economy.

09 Aug 2017 9:38 AM

CAG said BHEL’s turnover which was Rs 49,510 crore in 2011-12 declined to Rs 26,587 crore in 2015-16; while profits of Rs 7,400 crore in 2011-12 turned into a loss of Rs 913 crore in 2015-16.

CAG slams BHEL for poor planning

Says it didn’t have any diversification plans.

09 Aug 2017 12:59 AM

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Dilip Cherian