Business, Economy, 16th Oct 2017, News & Stories from India

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Business Economy 16 Oct 2017

Business, Economy, 16 Oct 2017

The number of goods in the highest 28 per cent GST slab would be brought down and a committee of officers will calculate the revenue impact, said Revenue Secretary Hasmukh Adhia. (File Photo)

Number of items in 28 per cent GST slab will be brought down: Adhia

Revenue Secretary Hasmukh Adhia also said that in the last 30-40 days glitches faced by GST Network software has reduced.

16 Oct 2017 8:51 PM

Indians are increasingly turning to their smartphones for Diwali shopping and sending money and gifts to loved ones this festive season, a study by SwiftKey (part of Microsoft) on Monday said.

Online shopping, e-gifts to rule Diwali this year

The study found 84 per cent saying that they think smartphones helped improve the celebrations.

16 Oct 2017 7:03 PM

The US-India economic ties are quite strong and diversified and were strengthened further with Finance Minister Arun Jaitley's visit to America. (Photo: PTI)

Jaitley's visit strengthened India-US economic ties: Garg

The Finance Minister was in the United States to attend meetings of the World Bank and the IMF.

16 Oct 2017 5:51 PM

At least 66 CVPS machines are being used for counting junked Rs 500 and Rs 1,000 notes that were deposited post demonetisation, said the RBI in an RTI reply. (Photo: PTI)

RBI using 66 counting machines to tally Rs 500, Rs 1,000 demonetised notes

In Reserve Bank offices, 59 CVPS machines are used and each machine is operated by a set of five persons under a supervisor.

16 Oct 2017 5:19 PM

Niti Aayog Vice Chairman RajivKumar has pitched for fiscal stimulus to boost growth. (File Photo)

I do see case for fiscal stimulus, says Niti Aayog VC Rajiv Kumar

Faced with slowing economic growth, the industry has been clamouring for a stimulus package from the government.

16 Oct 2017 5:01 PM

India is currently pursuing an "exciting" route of digital transformation, said Vitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department. Photo: AFP

India undergoing 'exciting digital transformation': IMF official

Vitor Gaspar, Director of the IMF's Fiscal Affairs Department, said India is a case study in its new book on digital revolution.

16 Oct 2017 4:04 PM

A Morgan Stanley report in September said growth recovery is expected to have taken hold in the September quarter.

Economic recovery likely to have taken hold in September quarter: Morgan

Global economic growth is expected to stay positive and accordingly exports are likely to remain supportive, said the report.

16 Oct 2017 2:15 PM

Wholesale inflation fell to 2.60 per cent in September as prices of food articles, led by vegetables, softened. (File Photo)

WPI inflation falls to 2.6 per cent in September on cooling food prices

The government data released on Monday showed that inflation in food articles tapered to 2.04 per cent in September.

16 Oct 2017 1:08 PM

Of late, creation of new jobs has turned into a raging debate. (Photo: PTI)

Revival of sick firms helps job creation, economic growth: Justice Sikri

It is in interest of Indian economy to look for all possible options to revive troubled companies, he dds.

16 Oct 2017 11:25 AM

Niti Aayog says slowdown has bottomed out

On a quarterly basis also, the growth in the first quarter of the current fiscal has slipped to 5.7 per cent.

16 Oct 2017 2:50 AM

Union Finance Minister Arun Jaitley (Photo: PTI)

US Federal’s policy poses a risk for EMs: Arun Jaitley

Mr Jaitley said that US Federal Reserve’s steps towards increasing interest rates posed risks to emerging markets (EMs) and developing economies.

16 Oct 2017 2:44 AM

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Sunil Gatade