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  Business   Economy  28 Nov 2016

Business, Economy, 28 Nov 2016

I-T Act amendment a 'win-win', to boost govt revenues

Under the PMGKY blackmoney declarants have to mandatorily park 25 per cent of that wealth in zero-interest, four-year-no- withdrawal scheme.

28 Nov 2016 8:24 PM

No need to reveal source of deposits: Hasmukh Adhia

Revenue Secretary says, however, disclosures will not enjoy immunity from FEMA, PMLA, narcotics and black money law.

28 Nov 2016 5:16 PM

'Govt sells 83 coal mines, gets Rs 2,779 crore'

Till now, 83 coal mines have been allocated to private and public sector players.

28 Nov 2016 4:21 PM

EPFO invests Rs 9,723 crore in ETF till Oct 31: govt

The total corpus of EPFO was Rs 7.49 lakh crore as on March 31, 2016.

28 Nov 2016 3:08 PM

Indian economy grew 7.1% in first half of fiscal year: govt

Commerce Minister Nirmala Sitharaman says country maintained a GDP growth rate of 7.2 per cent in 2014-15.

28 Nov 2016 1:27 PM


Demonetisation likely to fail, says Kaushik Basu

Former chief economic adviser says measure poorly designed, with scant attention paid to laws of market.

28 Nov 2016 1:08 PM

Delhi HC verdit on Rs 2.5 lakh for wedding on Nov 29

Petition has sought an increase in Rs 2.5 lakh withdrawal ceiling given higher expenses for weddings.

28 Nov 2016 12:21 PM

Bonds, bank shares fall on RBI's liquidity move

The RBI said banks would need to transfer 100 percent of their cash under the RBI's cash reserve ratio.

28 Nov 2016 11:34 AM

Rupee may hit 72.5-level in 2017

Strong dollar to increase fund outflow.

28 Nov 2016 6:19 AM

RBI taking steps to ease citizens’ pain, says Urjit Patel

Patel also urged people to start using cash substitutes like debit cards and digital wallets.

28 Nov 2016 1:02 AM