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Economy News

EPF tax rollback a welcome relief to salaried class

March 8, 2016 by shekarm

The rollback of the controversial EPF tax proposal is a step in the right direction and will bring welcome relief to the salaried class, say tax experts.

"A roll back in the provident fund amendment is a step in the right direction and once again demonstrates the commitment of the government to a consultative process and its

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Modi assures middle class of an end to tax terrorism

August 15, 2016 by shekarm

Prime Minister Narendra Modi today assured tax payers that he will remove the fear of taxman hounding them by ushering in accountability and answerability.

"Middle class, upper middle class used to be hassled with I-T officers, more than police.

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Will keep inflation in check, stay away from populism: Modi

August 15, 2016 by shekarm

Vowing to keep inflation under control, Prime Minister Narendra Modi today said he has tried to stay away from populism which the past regimes practiced to get recognition while "emptying the exchequer".

Giving the 'reform, perform and transform' slogan in his third Independence Day address, Modi said the government has to be

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July retail inflation stays above RBI target

August 13, 2016 by shekarm

Soaring food prices in July kept India's headline inflation above the Reserve Bank of India's (RBI) near-term target, underscoring the challenge facing the next central bank governor.

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Industrial output growth slows to 2.1% in June

August 13, 2016 by shekarm

Industrial output grew by 2.1 per cent in June, although down from 4.2 per cent a year ago, on account of poor show by manufacturing and heavy contraction in capital goods production.

On cumulative basis, the factory output in the April-June quarter grew by 0.6 per cent compared to 3.3 per cent growth in the year-ago period.<

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Revenue down 8.2 pc at Trump Taj Mahal amid strike

August 13, 2016 by shekarm

The first month of a strike against Atlantic City's Trump Taj Mahal casino helped push its revenue down by 8.2 per cent in July.

Billionaire investor Carl Icahn owns the casino that Donald Trump opened in 1990.

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All markets will remain closed on Monday for I-Day

August 13, 2016 by shekarm

All major markets, including bullion, oils and oilseeds and other commodities will remain closed on Monday, August 15, on account of "Independence Day".

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SEBI relaxes debt fund exposure limit for housing finance companies

August 11, 2016 by shekarm

India's capital market regulator has relaxed exposure norms for debt mutual funds investing in housing finance companies for better supply of funds to the low-cost housing sector.

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Indian gold demand to revive in H2 on surplus monsoon rains - WGC

August 11, 2016 by shekarm

India's gold demand may rise in the second half of 2016 after falling to the lowest in seven years in the first half as beneficial monsoon rains will spur rural demand during the peak festive season, the World Gold Council said.

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Sensex edges up amid valuation worries

August 11, 2016 by shekarm

Indian shares closed slightly higher on Thursday after posting their worst fall in nearly seven weeks in the previous session, as continued heavy buying by foreign investors helped lift blue chips such as ITC Ltd (Tags |

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