Business, Economy, 7th Nov 2017, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 12:33 AM IST

Business Economy 07 Nov 2017

Business, Economy, 07 Nov 2017

Net direct tax collections upto October are at Rs 4.39 lakh crore which are 15.2 per cent higher than the net collections for the corresponding period of last year. (Photo: PTI)

Direct tax collections for 2017-2018 show 15.2 per cent growth till Oct

Gross collections before adjusting for refunds have increased by 10.7 per cent to Rs 5.28 lakh crore during April-October, 2017.

07 Nov 2017 4:59 PM

Finance Minister Arun Jaitley said on Tuesday that the impact of structural reforms is "behind us". (Photo: PTI)

Jaitley says impact of structural reforms 'behind us', economy looking up

Jaitley said India was a fast moving global economy for three years in a row and the time was opportune to undertake reforms.

07 Nov 2017 4:42 PM

Finance Minister Arun Jaitley. (Photo: AP)

Jaitley hints at pruning more items in 28 pc GST slab

GST Council in the last 3-4 meetings has slashed rates on over 100 items.

07 Nov 2017 2:16 PM

Country is likely to continue facing challenges in completing large-scale infrastructure projects and establishing a strong manufacturing base.

Economic reforms to help support long-term growth: BMI Research

India is expected to remain one of fastest growing emerging markets with real GDP growth averaging 6.5 pc.

07 Nov 2017 2:04 PM

Finance Minister Arun Jaitley took to social media to mark the one-year anniversary of demonetisation with his note 'A year After Demonetisation'. (Photo: PTI)

Jaitley presents his take on note ban with 'A Year After Demonetisation'

The Finance Minister said that demonetisation has created a 'cleaner, transparent and honest financial system'.

07 Nov 2017 1:44 PM

The Finance Ministry on Monday said the investigation units looking into the Panama Papers will be reconstituted to probe and take “swift action” on the Paradise Papers. (File Photo)

Paradise Papers smashes 'secrecy', multi-team unit to probe: Jaitley

The Paradise papers, a set of 13.4 million documents name 714 Indians who could be exposed for skirting taxes.

07 Nov 2017 11:27 AM

India is in talks with Iran to begin interim operations at the Chabahar Port in Iran. (Photo: AFP/File)

India cracks open Iran sea route to Afghanistan, bypassing rival

India has committed $500 million to the Chabahar port that it is building as a way to bypass rival Pakistan.

07 Nov 2017 10:03 AM

Demonetisation has helped flush out black money, eliminate fake notes and reduce the currency in circulation, said the finance ministry. (Photo: PTI)

Note ban: Blow to black money, terrorism-funding, says FinMin

On November 8, 2016, Prime Minister Narendra Modi had announced scrapping of Rs 500 and Rs 1,000 notes.

07 Nov 2017 8:45 AM

The Indian names include Bollywood star Amitabh Bachchan, defaulter businessman Vijay Mallya, corporate lobbyist Niira Radia, film star Sanjay Dutt’s wife Dilnashin, Union minister Jayant Sinha and Rajya Sabha MP R.K. Sinha.

Panama Papers: Over 700 Indians in ‘Paradise’ expose, govt orders probe

19 India’s rank, among 180 nations, in terms of the number of names in the list.

07 Nov 2017 12:56 AM

The Multi-agency Group, so far, has submitted seven reports to the government about its investigation on Panama Papers.

Panama Papers investigation has detected Rs 792 crore stash

CBDT said that in five cases criminal prosecution complaints have been filed.

07 Nov 2017 12:45 AM

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Sanjeev Ahluwalia