Demonetisation

Britannia plans Rs 1,000 crore plant in Maharashtra

To start with, the plant will have six biscuits lines, one cake line and one filled croissants line, Berry said.

Aug 07, 2017, 18:49 PM IST

Securitisation market volume clips past $1.02 trillion in FY17

Non-banking finance companies focusing on vehicle finance, and small finance bank applicants benefited from the high demand for priority sector lending assets.

Aug 07, 2017, 18:04 PM IST

25% surge in filing of IT returns : Central Board of Direct Taxes

The chamber also noted a 41.79 percent increase in the advance tax collections of Personal Income Tax, as on August 05. 

Aug 07, 2017, 17:54 PM IST

Gold ETFs see Rs 250 crore outflow in April-July FY18

The outflow meant assets under management (AUM) of gold funds plunged to Rs 5,098 crore at July-end from Rs 5,480 crore at the end of March.

Aug 06, 2017, 17:23 PM IST

Post note ban, expansion of currency presses, paper mills

With the sudden demonetisation decision exposing its chinks, the country`s currency printing system is undergoing a complete overhaul, officials say.

Aug 06, 2017, 12:31 PM IST

Note ban has little impact on increments in FY17: Survey

Demonetisation did not impact this year's increments in spite of all speculations to the contrary as companies doled out as much as 20 per cent to key talent in the appraisal process, finds out a survey.

Aug 06, 2017, 12:23 PM IST

Social damages might have more lasting impact on economy than wrong policies: Kaushik Basu

"Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected," he said.

Aug 05, 2017, 14:30 PM IST

Congress writes an open letter to Finance Minister, asks where are the jobs Mr. Jaitley?

In a scathing letter to Arun Jaitley, the Congress on Friday attacked the Union Finance Minister over massive loss of jobs following demonetisation, branding the move as a "surgical attack against the poor".

Aug 05, 2017, 09:00 AM IST

India tops domestic air traffic growth in June: IATA

"Domestic India RPKs grew by 18.6 percent in year-on- year terms in H1 2017, with annual RPK posting its 34th consecutive month of double-digit growth in June," IATA said on Thursday.

Aug 04, 2017, 00:10 AM IST

Most analysts see end of rate cuts for the year, a few differ

The recent dip in inflation was accentuated by demonetisation-led crimp in demand and seasonal downside pressures on food, most of which are temporary and will soon fade, the rating agency warned.

Aug 02, 2017, 23:12 PM IST

Over 11.44 lakh 'fake, duplicate' PANs deactivated: Government

More than 11.44 lakh permanent account numbers (PANs) were deleted or de-activated in cases where multiple PANs were found allotted to one person, Parliament was informed on Tuesday.

Aug 02, 2017, 18:18 PM IST

RBI to give 'junked notes' figure after counting: Arun Jaitley

Union Finance Minister Arun Jaitley on Tuesday said the Reserve Bank of India (RBI) will announce the amount of deposits of junked notes after the November 8 demonetisation as soon as the counting was completed.

Aug 01, 2017, 23:36 PM IST

India's manufacturing sector contracts for the first time this year

Manufacturing sector in India contracted in July following the GST launch as new orders and output dropped for the first time since the downturn in December last year post demonetisation.

Aug 01, 2017, 11:46 AM IST

Transactions of Rs 1,500 crore on BHIM app so far: Ravi Shankar Prasad

Responding to a mention made by SP member Jaya Bachchan during the Zero Hour in the House, Prasad also said more than 2 crore people have been trained by common service centres on digital payements.

Jul 31, 2017, 14:40 PM IST

India to grow 6.5-7.5% over 12-18 months: Moody's

According to the estimates of the US-based agency, the economy will grow 7.5 percent in 2016-17 and 7.7 percent in 2017-18.

Jul 31, 2017, 12:18 PM IST

File income tax returns by July 31, no plans to extend deadline: I-T department

The department requests taxpayers to file their return in time," the official said.

Jul 30, 2017, 19:05 PM IST

Turning around Tata Motors domestic biz need of the hour: Chandrasekaran

While challenges such as demonetisation and transition to BS IV affected business, Butschek also admitted that Tata Motors did not adequately react to the changing environment.

Jul 30, 2017, 17:21 PM IST

I-T dept probing 30,000 cases where ITRs revised after demonetisation: CBDT

The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief Sushil Chandra said on Monday.

Jul 24, 2017, 22:23 PM IST

Launching Rs 200 note will fill missing middle: SBI Report

The report noted that though there has been a significant move towards relocating distribution of currency towards smaller denominations post demonetisation, there is a mismatch caused by the presence of Rs 2,000 denomination straight after Rs 500 denomination.

Jul 23, 2017, 13:12 PM IST

RBI to lease currency verification systems to weed out fakes

As per the tender document, the currency notes of all denominations received at regional office of the RBI would have to be processed at a minimum speed of 30 notes per second.

Jul 23, 2017, 12:13 PM IST