EconomyLoop
where regional business news becomes global to everyone

As Subramanian Swamy hits out at Gautam Adani, here are 3 others who have been on his radar

A day after Subramanian Swamy posted a tweet on Gautam Adani's alleged PSU bank debt, shares of his Adani Group companies tanked over 7%. Here are three others who have been on India's anti-corruption crusader's radar.... read more

 Financial Express47 days ago

     
Relief likely for traders at GST Council meet as Centre may extend return filing deadlines

Currently, the last date to file returns is March 31, 2018.... read more

 Zee India News47 days ago
TPP redone: Asia-Pacific trade deal unlikely to dent India’s exports

The mega Asia-Pacific trade pact signed by 11 nations, including Japan and Singapore, is unlikely to dent India’s export prospects meaningfully due to the absence of its key market — the US — in it, official and trade sources said on Friday.... read more

 Financial Express47 days ago
KYC compliance: Wallet volumes nearly halve

Fears of a sharp decline in wallet usage are coming true, with a near halving of transactions through mobile wallets in the first week after the deadline to become KYC-compliant expired.... read more

 Financial Express47 days ago
Insolvency resolution: Promoters of stressed MSMEs to get relief

In a move aimed at providing relief to the micro, small and medium enterprises (MSMEs), a panel set up to look into various issues relating to the Insolvency and Bankruptcy Code (IBC) is considering allowing promoters of MSMEs to bid for their stress... read more

 Financial Express47 days ago
Careful in diluting IBC law, put some checks instead

The changes are probably being considered with a view to facilitating more transactions; there is a feeling some of the clauses may be constricting to the extent that businessmen with sound credentials and deep pockets may get disqualified from the b... read more

 Financial Express47 days ago
Asian Infrastructure Investment Bank: Challenging the credibility of Belt and Road Initiative

India will be hosting the third annual meeting of the Asian Infrastructure Investment Bank (AIIB) at Mumbai, in June this year. This is a significant occasion for various reasons.... read more

 Financial Express47 days ago
NITI Aayog discusses three concepts on farm MSP

In the light of the Budget announcement to ensure the minimum support price (MSP) for different agricultural crops, three concepts, including procurement and stocking by private parties, were discussed at a consultative meeting held in the NITI Aayog... read more

 Financial Express47 days ago
Implementation of two anti-evasion measures may be discussed at GST meet today

The 26th GST Council meet on Saturday is likely to finalise implementation of two crucial anti-evasion provisions —invoice-level return filing and e-way bill system — which have been hanging fire due to technological deficiency as well as cumbersome ... read more

 Financial Express47 days ago
Mineral royalties may soon be raised as govt mulls revision

Mineral-rich states such as Chhattisgarh, Jharkhand and Odisha are likely to mop up higher royalty receipts from the next fiscal, with the Centre considering a revision in the royalty rates.... read more

 Financial Express47 days ago
CBEC to probe: Transitional credit claims by realty firms under scanner

The Central Board of Excise and Customs (CBEC) is set to start investigations into a suspected trend among some construction companies to claim undeserved transitional credits on building materials used in under-construction structures.... read more

 Financial Express47 days ago
India to become USD 5 trillion economy in 7-yrs, says Suresh Prabhu

Commerce and Industry Minister Suresh Prabhu today exuded confidence that India will become a USD 5 trillion economy in the next seven years.... read more

 Financial Express47 days ago
With no fixed targets, GST collection not-so-encouraging: Parliamentary panel

With no targets fixed, the monthly revenue collections from GST are not encouraging, the frequent revisions in rates has impacted the stability of the new tax system and has adversely impacted the trade and businesses, a Parliamentary panel has obser... read more

 Financial Express47 days ago
Data drive: Jan-Dhan push to financial inclusion

The government’s Jan-Dhan Yojana, launched in August 2014, has given a major boost to financial inclusions across the country. Till February-end, 31.2 crore bank accounts had been opened under the scheme, with total deposits amounting to Rs 75,572 cr... read more

 Financial Express47 days ago
‘Only about 50% of PAN cards linked to Aadhaar’

The deadline to link PAN with Aadhaar is March 31... read more

 The Hindu47 days ago
‘E-wallet remittances, business slump in the wake of KYC fiat’

Remittance volumes have shrunk 70%, e-commerce transactions halved: official... read more

 The Hindu47 days ago
Ljungstrom opens air preheater facility

Company invests $7 mn in India unit... read more

 The Hindu47 days ago
Blue Star to set up two new plants, invest ?350 crore

Negotiations on with J&K Govt. on tax benefit for new unit... read more

 The Hindu47 days ago
Dutch Tata Steel seeks U.S. tariff exemption

‘We don’t dump steel in U.S. market’... read more

 The Hindu47 days ago
RBI fines Airtel bank ?50 million

The Reserve Bank of India (RBI) has imposed a penalty of ?50 million on Airtel Payments Bank Limited (the bank) for contravening operating guidelines for payments banks and the directions issued by... read more

 The Hindu47 days ago
Govt. to split Air India debt ahead of stake sale: Sinha

‘Unsustainable’ part of $8.5 bn dues to be transferred to SPV... read more

 The Hindu47 days ago
World shares climb on U.S. wage gain data

Trump-Jong Un proposal to meet by May buoys MSCI all-country index... read more

 The Hindu47 days ago
‘India needs to add 1,750 jets’

Civil aviation market to grow fivefold in the next 20 years, says Airbus’s Heijden... read more

 The Hindu47 days ago
India must fill gap in 70-150 seat aircraft class: Embraer

‘Country’s market has stabilised over 5-6 years’... read more

 The Hindu47 days ago
Haryana Budget 2018 highlights: No fresh tax proposed; focus on farm, education, health and infrastructure

Chief Minister Manohar Lal Khattar led BJP government in Haryana today proposed no fresh tax in its fourth budget for 2018-19, while keeping its size at Rs 1.15 lakh crore with focus on raising expenditure in key sectors, including farm, education, h... read more

 Financial Express47 days ago
After a long pause, RBI likely to increase interest rate by 0.25%: CARE

The Reserve Bank is likely to increase its key rates by 0.25 per cent this year as inflation is expected to be at a higher range due to wide fiscal deficit and high prices of oil and farm produce, a report said today.... read more

 Financial Express47 days ago
Over Rs 29,000 cr investment came during BJP regime: Haryana government

Over Rs 29,000 crore of fresh investment was received during the tenure of BJP-led Haryana government even as a new policy to promote agri-business and food processing will be rolled out to attract investment of Rs 3,500 crore.... read more

 Financial Express47 days ago
Andhra Pradesh achieved better progress in last 3.9 yrs than before bifurcation, says N Chandrababu Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu today said that the state achieved better progress in the last three years and nine months than prior to bifurcation in June 2014 and credited it to team work.... read more

 Financial Express47 days ago
‘Resolution of Bhushan Steel is credit positive’

SBI, in particular, to benefit: Moody’s... read more

 The Hindu47 days ago
E.U., U.K. seek clarity on U.S. tariffs

E.U. Trade Commissioner Cecilia Malmstrom to take up the issue with U.S. Trade Representative Robert Lighthizer.... read more

 The Hindu47 days ago
Will wait for US notification to see impact of tariff hikes, says India

India today said it is waiting for the US notification on hike in import tariff on steel and aluminium to gauze its impact on domestic players amid global outcry over the America's decision to increase duties beyond its commitment at the WTO.... read more

 Financial Express47 days ago
Job creation in new sectors not visible in economic data, says Jayant Sinha

Amid criticism of the government for not creating enough jobs in the country, minister of state for civil aviation, Jayant Sinha, today said there has been an increase in job creation in last four years in new sectors but that is not been captured in... read more

 Financial Express47 days ago
Maharashtra Budget 2018: BJP tries to woo all in penultimate budget before polls, Rs 7,502 cr approved for Bandra-Versova sea link

Maharashtra Budget 2018-19: The Maharashtra Budget 2018-19 seems to be inspired by the Prime Minister Narendra Modi's slogan of 'Sabka Saath, Sabka Vikaas' with allocations spanning across all sections. Along with big announcements, state finance min... read more

 Financial Express47 days ago
Donald Trump’s trade tariff not an overnight thought, he’s been dreaming about it for at least 30 years

Three decades ago, a younger Donald John Trump spent $94,801 on an advertisement that endorsed protectionism -- a policy which has become central to decisions being taken by him as the 45th President of the United Nations in present times. Read the s... read more

 Financial Express47 days ago
Diu becomes first UT to run completely on solar power, sets up example for rest

Taking giant leaps in the sector of solar power generation, Diu has become nation's first ever renewable energy surplus Union Territory (UT) in just three years. Diu now runs 100 percent on solar power energy.... read more

 Financial Express47 days ago
Yet again, Donald Trump threatens India, China with reciprocal tax

US President Donald Trump today threatened to impose "reciprocal tax" on countries like China and India if they do not match America's tariff.... read more

 Financial Express47 days ago
RBI slaps ?5 crore penalty on Airtel Payments Bank for breach of KYC norms

The Reserve Bank of India (RBI), on Friday, imposed a penalty of ?5 crore on Airtel Payments Bank Limited (the bank) for contravening the operating guidelines for payments banks and directions is... read more

 The Hindu47 days ago
JIO pioneers yet another revolution, launches India's first interactive sports experience on JIOTV

JioTV users need to update to the latest version of the app from relevant app store to get this feature.... read more

 Zee India News47 days ago
Delhi Daredevils set for ownership re-jig

GMR Group inducts JSW Sports as equal partner in the franchisee.... read more

 The Hindu48 days ago
Centre seeks ?13,000 cr. extra dividend from RBI

The additional fund was sought as per the recommendations of Malegam Committee... read more

 The Hindu48 days ago
Mobility solutions provider Baghirathi Group plans retail foray

Baghirathi Group, a shared mobility solutions provider, plans to start “additional” cab services for its existing corporate customers within a year and raise money through debt to expand its fleet... read more

 The Hindu48 days ago
Uber ropes in Virat Kohli as brand ambassador in India

This is the first time the company has announced a brand ambassador in the Asia Pacific region.... read more

 The Hindu48 days ago
Government had sought Rs 13,000 cr additional dividend from RBI, says Finance Ministry

The government today said it had sought Rs 13,000 crore more from the Reserve Bank over the Rs 30,659 crore surplus fund it transferred earlier.... read more

 Financial Express48 days ago
Himachal Pradesh Budget 2018-19: Focus on New India as CM Jai Ram Thakur presents maiden budget; 10 top highlights

Himachal Pradesh Budget 2018-19: After winning a thumping majority in the state, the newly elected government led by Chief Minister Jai Ram Thakur presented its first budget for the state of Himachal Pradesh. The budget was tabled in the House by the... read more

 Financial Express48 days ago
Over 1.03 cr businesses registered under GST, says government

Over 1.03 crore businesses have registered under the Goods and Services Tax (GST) regime and the implementation of the biggest indirect tax reform has been smooth so far, Parliament was informed today.... read more

 Financial Express48 days ago
2 reasons why CARE thinks banks may face liquidity crunch in coming days

Even though Reserve Bank of India (RBI) has announced that it will infuse Rs 1 lakh crore, in addition to regular auctions, through ‘additional variable rate repo operations’ during March 2018, inflationary expectations and possible rate hikes by the... read more

 Financial Express48 days ago
Sonia Gandhi hits where it hurts, compares Modi’s ‘Achhe Din’ to Vajpayee’s disastrous ‘India Shining’

Sonia Gandhi has likened Prime Minister Narendra Modi's 'Achhe Din' to 'India Shining', seemingly in a bid to bring back the memories of Vajpayee's failed campaign, ahead of next year's General Election.... read more

 Financial Express48 days ago
Govt had sought Rs 13,000 cr additional dividend from RBI: Finmin

Economic Affairs Secretary Subhash C Garg had said yesterday that the government was expecting "some more" dividend from the central bank this month.... read more

 Zee India News48 days ago
Japan to recruit two lakh IT professionals from India

Japan also has a target of roping in 8 lakh of India’s IT professionals to live and settle in the country by 2030.... read more

 Zee India News48 days ago
Direct tax collections surge, courtesy the biggest indirect tax reform — GST

The government’s direct tax collection for the April-February period of the current financial year surged by 19.5% on-year to Rs 7.44 lakh crore, helped by buoyant corporate tax collections which rose more than personal income tax.... read more

 Financial Express48 days ago