Economy and Finance

News and views related to the Indian Economy and Financial sector

Read all the big announcements made by Finance Minister Nirmala Sitharaman to boost the economy

Union Finance Minister Nirmala Sitharaman announced widespread reforms in order to address economic concerns.
ED summons P Chidambaram in aviation scam to the tunes of crores of rupees

P Chidambaram summoned by ED in UPA-era aviation scam case

Earlier former aviation minister Praful Patel was summoned by the Enforcement Directorate in the aviation scam case.
Raj Thackeray summoned by ED for interrogation in Kohinoor CTNL case

ED summons MNS chief Raj Thackeray in Kohinoor CTNL case

The Kohinoor building project dealings had come under the scanner during the IL and FS scam case investigation

High Level Committee recommends CSR expenditure to be made tax deductible, non-compliance to be made civil offence with no imprisonment

High Level Committee on CSR recommends non-compliance should attract only penalty, not jail term

The skewed analysis must stop: We need to stop looking at just the repo rates and talk about real rates instead

A recent article by a commentator in Hindustan Times mentions that the MPC had little ability to stimulate growth

Mukesh Ambani announces India’s biggest FDI deal, free HD LED TV and 4K set-top boxes for Jio Fibre subscribers

Saudi Armco will buy 20% stack in the oil-to-chemical business of Reliance Industries at $15 billion

Government extends relief to startups, simplifies the process of angel tax assessment

The Central Board of Direct Taxes (CBDT) has clarified that no verification will be done by an assessing officer if a startup has been recognised by the Department for Promotion of Industry and Internal Trade.
Uday Kotak announces investor summit by CII in two union territories of J and K and Ladakh

After abrogation of Article 370, CII President Uday Kotak proposes ten-point agenda to fuel growth in newly formed union territories

Businesses such as ITC group, helmet-maker Steelbird have expressed their desire to expand into the state.
VG Siddhartha was under a huge debt pile up, say latest reports

Data reveals Cafe Coffee Day owner VG Siddhartha may have been under debt of up to Rs 11,000 crore: Report

After 36-hours of an intense search for the Cafe Coffee Day owner VG Siddhartha, his body was finally found in the backwaters of the Nethravati river at Hoige Bazaar, Mangaluru on July 31.

Finance Ministry needs to move away from Socialist policies: Surcharge on rich was wonky enough, new CSR norms are beyond ridiculous

Across the globe there are discussions regarding CSR norms and their implications for social responsibility, governments, public policy and society in general. There are many arguments for and against CSR norms and most of these arguments are valid.

No, there is no new tax on maintenance you pay to RWA as a flat owner

The Finance Ministry has tweaked an earlier 'Service tax' regime to bring in more transparent and efficient GST into housing societies and RWAs. 

Filmmaker Ram Gopal Varma wants to kiss Cyberabad Police nonstop for 39 days. Here is why

Cyberabad Police issued e-challan to Ram Gopal Varma for violating traffic rules

If Nirmala Sitharaman believes 42.7% tax is “not ideal”, she should reduce it

This is the time to rollback all those new taxes introduced in the budget. To get those favorable global headlines back.
Made in India iPhone XR and XS to hit markets in August

Tech-giant Apple Inc’s top-end iPhones assembled in India to hit stores next month

India-made iPhone XR and XS devices are expected to hit the market by August.

Fact Check: No, the government did not ‘fudge’ revenue numbers in the union budget

Provisional Actual in Economic has been compared with Revised Estimate in the budget to allege that govt fudged numbers in budget
Actor Prosenjit Chatterjee is summoned by ED for alleged involvement in Rose Valley scam

Rose Valley scam: ED summons Bengali superstar Prosenjit Chatterjee on July 19

Several top leaders of the Trinamool Congress are named in the Rose Valley chit fund scam and are facing investigation.

The budget gets almost everything right, but sends a few wrong signals

Cut in corporate tax sends a sign that the government is embracing businesses
Many media outlets and politicians had claimed that the finance ministry has been denying access to media persons

A ‘stock exchange’ for social organisations is a welcome step announced in the Union Budget 2019-20

Finance Minister has announced setting up of a Social Stock Exchange to allow social organisations to raise capital.

The ‘Sabka Saath, Sabka Vishwas’ budget: What is stored in it for you

Along with the budget, the Government highlighted achievements of the NDA in the last 5 years and how they have been successful in making India fastest growing major economy in the world

Union Budget 2019 in numbers and charts

Receipt and expense figures of the union budget 2019

Is budget se gareeb ko bal milega, yuva ko behtar kal milega: PM Modi hails the 2019 budget as a balanced one

Union Finance Minister, Nirmala Sitharaman, presented her maiden budget in Parliament today
N Sitharaman announced that Startups can do away with Angel Tax with requisite declaration

Budget 2019: Startups and investors can do away with ‘Angel Tax’ by filing requisite declarations

Angel Tax is a 30% tax that is levied on the funding secured by startups from an external investor
Urjit Patel blames regulator, government and the banks responsible for NPA crisis

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

Urjit Patel held dilatory tactics adopted by the regulator, government and the banks till 2014 responsible for the looming NPA crisis

Economic Survey 2018-19 : $5 trillion economy by 2024-25, emphasis is on “Virtuous Cycle” of investment, jobs and exports

The Economic Survey 2018-19 in its theme speaks about enabling to "shifting of gears" to achieve the objective of becoming India a $5 trillion economy by 2024-25. 

Lower corporate tax and cost of capital to river interlinking: My wishlist for Budget 2019

Low cost of capital is critical to help bring in requisite investments and give a major boost to our growth

Two years of GST: The GST Council Miracle and how Modi sarkar became the first to survive GST

The fact that people stuck by Modi is a historic masterclass in leadership.
IMA group has duped investors claiming 'halal' investment, ED has attached assets

ED summons Congress minister in Halal investment group scam, attaches IMA property worth over Rs 200 crores

ED summons sitting Congress minister in Karnataka Zameer Ahmed Khan over alleged involvement in the IMA Group's ponzi scam.
RBI Deputy Governor Viral Acharya has resigned six months ahead of the end of his term

RBI Deputy Governor Viral Acharya resigns, six months prior to scheduled end of term

Acharya reportedly had a difference of opinion with Reserve Bank Governor Shaktikanta Das over easing of interest rates to boost economic growth.

GST Council approves single return from next year, cuts rate on electric vehicles and chargers

The GST council extended deadline for return filing by 2 months, and approved simplified Aadhaar based registration

Economic Advisory Council slams Arvind Subramanian, says his criticism of GDP estimation methodology ‘lacks rigor’

The Economic Advisory Council to the Prime Minister (EAC-PM) has released a detailed analysis of India’s new GDP estimation methodology.

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