Demonetisation report by parliamentary panel could be tabled in next session
The Parliamentary Standing Committee on Finance, headed by Congress MP Veerappa Moily and of which former Prime Minister Manmohan Singh is also member, had been looking into the issue of demonetisation.
Oct 15, 2017, 13:00 PM IST
World praising India for reforms like demonetisation, GST: Arun Jaitley
The Finance Minister, who was in US to attend annual meeting of the IMF and World bank, said that the comments made by the experts worldwide on India`s structural reforms underline the country`s confident image.
Oct 15, 2017, 10:05 AM IST
After IMF slashes growth forecast, its chief says Indian economy on 'solid track'
IMF chief Christine Lagarde said the Indian economy is on a "very solid track" in the mid-term.
Oct 15, 2017, 09:35 AM IST
World praising India for reforms like demonetisation, GST: Jaitley
Union Finance Minister Arun Jaitley on Saturday said that countries across the world are lauding India for having the guts to bring in major structural reforms like demonetisation and Goods and Services Tax (GST).
Oct 15, 2017, 08:21 AM IST
Transparency over note ban would have been instrument of fraud: Arun Jaitley
Finance Minister Arun Jaitley said that announcing the demonetisation initiative in advance could have resulted in people buying gold, diamond and land and going through various kinds of transactions with the cash they had.
Oct 11, 2017, 13:46 PM IST
World Bank lowers India's growth forecast, warns govt on internal bottlenecks
India's economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank said in its South Asia Economic Focus, a biannual economic update.
Oct 11, 2017, 10:59 AM IST
India's growth downgrade a blip in much positive long-term picture: IMF
The latest IMF report lowered India's growth projection to 6.7 percent in 2017, 0.5 percentage points less than its previous two forecasts and attributed it to demonetisation and introduction of the GST.
Oct 11, 2017, 08:50 AM IST
Bold reforms have put India firmly on growth path: OPEC
In particular, OPEC's Secretary General Mohammed Barkindo said, oil cartel is working to better understand the potential impacts that such beneficial economic changes may have on future oil demand.
Oct 10, 2017, 16:53 PM IST
2017 Nobel winner for Economics supported demonetisation, rejected Rs 2000 note
In a tweet on November 8, 2016, along with a news article link on demonetisation, Thaler said, “This is a policy I have long supported. First step toward cashless and good start on reducing corruption.”
Oct 09, 2017, 22:19 PM IST
Time running against us, we have to grow faster: Jaitley
The union finance minister is scheduled to arrive on nearly a week-long visit to the US on Monday to interact with the US corporate world in New York and Boston and attend the annual meeting of International Monetary Fund and World Bank in Washington DC.
Oct 08, 2017, 08:54 AM IST
'Gradual recovery on cards, FY'18 GVA growth likely at 6.7%'
On inflation, the report said it has risen from its trough, but mainly due to supply-side factors (food and GST) or statistical factors (HRA), while the demand-push inflation is largely absent.
Oct 06, 2017, 17:39 PM IST
Operation black money: 5,800 shell companies under govt glare over post note-ban deposits
Terming it as a "major breakthrough" in fight against black money and shell companies, government said the first instalment of data pertains to about 5,800 companies -- out of more than 2 lakh that were struck off -- involving 13,140 accounts.
Oct 06, 2017, 13:25 PM IST
Demonetisation overtime still unpaid, bank employees threaten strike
The Banking Union had demanded overtime for the extra hours put in by staff during the 50-day window that ended on December 30, however they are yet to get their dues.
Oct 04, 2017, 20:16 PM IST
RBI should have cut interest rate to boost growth: India Inc
In its last review in August the Reserve Bank had slashed the benchmark lending rate by 0.25 percentage points to 6 per cent, the lowest in six years.
Oct 04, 2017, 18:59 PM IST
New Rs 100 note printing in the offing; may come up in April
Some banks have even instructed the ATMs to check for the recalibration of the machines to begin testing the Rs 200 notes.
Oct 03, 2017, 17:52 PM IST
Arun Jaitley to begin Dhaka visit tomorrow
In the evening, he will attend a dinner hosted by the High Commissioner of India, HarshVardhan Shringla.
Oct 02, 2017, 19:01 PM IST
Bullet train project will be demonetisation-like move: Chidambaram
Congress leader P Chidambaram on Saturday criticised the bullet train project, saying it will be a demonetisation-like move "which will kill everything else", and suggested that the money should instead be spent on improving rail safety.
Sep 30, 2017, 15:08 PM IST
Slew of measures taken to better tax administration: Arun Jaitley
Undisclosed income of Rs 5,400 crore was detected and about 400 cases have been referred to ED and CBI for an appropriate action, Jaitley said.
Sep 29, 2017, 19:17 PM IST
Economy remark: Yashwant Sinha remains unfazed, wants govt to do course correction
Unfazed by the government's rebuttal of his criticism of Finance Minister Arun Jaitley on the state of the economy, including his Union minister son Jayant, BJP veteran leader Yashwant Sinha on Thursday stuck to his guns and hoped the Centre would do some course correction.
Sep 29, 2017, 10:10 AM IST
Shatrughan Sinha backs Yashwant Sinha, says he hit the nail right on the head
Bharatiya Janata Party (BJP) leader Shatrughan Sinha on Thursday backed his party leader Yashwant Sinha and said that he hit the nail right on the head by showing a mirror on the economic condition of the country in his article.
Sep 28, 2017, 10:31 AM IST
