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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Economic recovery likely to have taken hold in September quarter:...

Global economic growth is expected to stay positive and accordingly exports are likely to remain supportive, said the...

16 Oct 2017 2:15 PM IST

Wholesale Price Index or wholesale inflation is also down in June.

WPI inflation falls to 2.6 per cent in September on cooling food...

The government data released on Monday showed that inflation in food articles tapered to 2.04 per cent in September.

16 Oct 2017 1:08 PM IST

A technology expert says fear of job losses due to artificial intelligence are uncalled for. (Photo: PTI)

Revival of sick firms helps job creation, economic growth: Justice...

It is in interest of Indian economy to look for all possible options to revive troubled companies, he dds.

16 Oct 2017 11:25 AM IST

Niti Aayog says slowdown has bottomed out

On a quarterly basis also, the growth in the first quarter of the current fiscal has slipped to 5.7 per cent.

16 Oct 2017 2:50 AM IST

Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

US Federal's policy poses a risk for EMs: Arun Jaitley

Mr Jaitley said that US Federal Reserve's steps towards increasing interest rates posed risks to emerging markets (EMs)...

16 Oct 2017 2:44 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF not endorsing universal basic income model in India

The reports emerged after the IMF said said the UBI will outperform the PDS in terms of coverage, progressivity, and...

15 Oct 2017 6:44 PM IST

The newly-issued Rs 2000 notes. (Photo: PTI)

RBI refuses to share details of Swachh Bharat logo on Rs 500, Rs 2,000...

The RTI query was filed with the Department of Economic Affairs -- that deals with the policy formulation in respect of...

15 Oct 2017 5:49 PM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

Group of ministers meet today to discuss GST composition scheme

The 5-member GoM, under Assam Finance Minister Himanta Biswa Sarma, has also been tasked to revisit GST rates for...

15 Oct 2017 5:20 PM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

RBI likely to cut rate in December post September's steady inflation:...

As per Consumer Price Index (CPI) data, retail inflation came in at 3.28 per cent in September.

15 Oct 2017 4:28 PM IST

State Bank of India

FinMin working on capital infusion plan for PSBs, may finalise by Dec

The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources...

15 Oct 2017 3:47 PM IST

Union Road Transport and Shipping Minister Nitin Gadkari. (Photo: PTI)

India starts on implementation of motor pact with Bangladesh, Nepal:...

The minister said that Bhutan has suggested that Bangladesh, India and Nepal may consider implementation of the MVA.

15 Oct 2017 1:41 PM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMFC warns against complacency, says global economic recovery...

The IMFC in a communique issued on Sunday, said there has been a notable pickup in investment, trade, and industrial...

15 Oct 2017 12:34 PM IST