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  Business   Economy  11 Oct 2017

Business, Economy, 11 Oct 2017

Net profit of listed private firms contracted 21.2 pc in Q1: RBI

Net profit of the companies totalled Rs 44,700 crore in the first quarter of the current fiscal.

11 Oct 2017 8:17 PM

Nearly 46 lakh businesses file GSTR-1 for July

Matching of GSTR-1 and GSTR-2 will be done in the return form GSTR-3, which is to be filed by November 10.

11 Oct 2017 8:03 PM

Rathin Roy questions India's growth projections by IMF, WB

IMF lowered India's growth forecast for the current fiscal by 0.5 percentage points to 6.7 per cent.

11 Oct 2017 6:27 PM

Stick to fiscal consolidation road map: EAC-PM to govt

Council, which met for first time today, has identified ten themes, including economic growth and job creations.

11 Oct 2017 5:54 PM

Direct tax collections jump 16 per cent to Rs 3.86 lakh cr in Apr-Sep

Advance tax collections till September stood at Rs 1.77 lakh crore, reflecting a growth of 11.5 per cent.

11 Oct 2017 4:57 PM


Upping govt spending can't revive investments: India Ratings

Growth in gross fixed capital formation, which is a proxy for gauging investments, is also declining, the agency said.

11 Oct 2017 4:41 PM

PM's Economic Advisory Council identifies 10 focus areas

The Council was set up with the approval of the Prime Minister on September 26, 2017.

11 Oct 2017 4:26 PM

Direct tax collections rise 15.8 per cent to Rs 3.86 lakh crore in September

CBDT reveals growth in personal income tax, PIT, advance tax is 30.1 per cent.

11 Oct 2017 4:18 PM

Oil drilling rigs import exempt from GST to boost local output

Petrol, diesel, jet fuel (ATF), natural gas and crude oil have been kept out of the GST regime.

11 Oct 2017 2:17 PM

Only 40 lakh or 62 per cent taxpayers file GSTR-1 in July

Report says deadline for submission of GSTR-1 ended at October 10-11 midnight.

11 Oct 2017 2:16 PM


Uttarakhand slashes VAT, cess on petrol, diesel by 2 per cent

Uttarakhand Finance Minister Prakash Pant confirmed that the government had decided to slash cess and VAT on petrol and diesel.

11 Oct 2017 2:10 PM

India's industrial growth, inflation likely to rise: Morgan Stanley

India's retail inflation had swelled to 5-month high of 3.36 per cent in August on costlier vegetables and fruits.

11 Oct 2017 1:40 PM

SC's judgement on privacy protects Aadhar: Jaitley

Finance Minister is in US to attend annual meetings of IMF and World Bank.

11 Oct 2017 12:49 PM

Sept inflation seen at 6 month high on GST, public sector pay rise

Annual economic growth dropped to a three year low of 5.7 per cent in April-June quarter.

11 Oct 2017 12:45 PM

Digital payments to grow at 26 per cent CAGR during 2016-2020: report

India could potentially make its way into the global top 10 markets in terms of non-cash transaction volumes.

11 Oct 2017 12:32 PM


Aadhaar-SIM linking to get easier for senior citizens

The Supreme Court's order in February 2017 mandated linking phone numbers with Aadhaar for every individual.

11 Oct 2017 12:19 PM

New Nobel Prize economist Thaler stumped by record markets

Thaler said on Tuesday he is puzzled by the steady rise of global stock markets in recent years.

11 Oct 2017 11:24 AM

Modi appointed economic advisory council to hold first meet today

The Council will address all issues of emergent importance, will engage with stakeholders and formulate advice accordingly.

11 Oct 2017 10:33 AM

Bad loan crisis worsens as NPAs hit Rs 9.5 lakh crore

Report says stubborn bad debt problem has eaten into bank profits and choked off new lending.

11 Oct 2017 10:27 AM

Reforms like GST, note ban put economy on 'stronger track': FM

Referring to the series of economic reforms undertaken since 1991, Jaitley said the Indian model now seems to be emerging.

11 Oct 2017 9:56 AM