Economy

App to help users to find rates for goods and services. The Union Finance Minister Arun Jaitley has launched a mobile app “GST Rates Finder” on 8 July 2017 which is available on android platform and will soon be available...

Bonds to be issued on 28 July 2017. The Government in consultation with Reserve Bank of India (RBI) is to issue Sovereign Gold Bond Scheme 2017-18– Series II. Applications for the bond will be accepted from 10 July 2017 to...

Hyderabad meet to thrash out India-ASEAN issues. Shobana Kamineni, President, Confederation of Indian Industry (CII) addressing the Joint Inaugural Session of the Business Sessions of Delhi Dialogue IX held in New Delhi on 5 July, 2017. India and ASEAN are...

Cashless economy will face increasing cyberthreats.   India needs to urgently build capacity to fight cybercrime, which is an increasing threat as the country goes for cashless economy, says industry body ASSOCHAM. “What we urgently need is serious effort in...

ASSOCHAM study calls for vibrant distribution channels. Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates...

Minister sees gold era for textile industry. Minister Irani (in saree) at the MoU signing ceremony. Textiles Minister Smriti Zubin Irani said the current age is a golden era for development of textile industry, and affirmed the government’s commitment to promote...

Single tax to benefit all, says Prime Minister Modi. Modi, the Members of Parliament and other dignitaries at the ceremony to launch the GST. India embarked on one of its biggest economic reforms on 1 July 2017, with a ceremony...

Operational hiccups expected during implementation. Business leader, Girija Pande. A remarkable Goods and Services Tax Network (GSTN) will capture 3.5 billion transactions in a month, generate 3 billion invoices monthly and bring more of the unregulated economy into the organized...

FICCI launches ‘India Matters” report at Capital Hill. Modi and Trump at White House on 26 June  2017. Prime Minister Narendra Modi’s visit to Washington has reinstated confidence in the India-US partnership, said the Federation of Indian Chambers of Commerce...

More time for E-Commerce companies. Tax deduction and collection at source (TDS), as part of the Goods and Services Tax (GST) implementation, has been postponed, taking into consideration trade and industry feedback, according to a official press note. With the...