Business, Economy, 29th Oct 2017, News & Stories from India

Tuesday, Apr 16, 2024 | Last Update : 10:25 AM IST

Business Economy 29 Oct 2017

Business, Economy, 29 Oct 2017

Results of a survey revealed that majority of the respondents demanded that a financial penalty be levied on organisations that compromised their Aadhaar, bank or call/data transaction details.

Aadhaar info leakage: Citizens demand imposing fines on banks, telcos

The survey said 39 per cent of would completely support the Aadhaar-SIM linking move while 12 per cent declined support.

29 Oct 2017 7:06 PM

The GoM headed by Assam Finance Minister Himanta Biswa Sarma has suggested doing away with the tax rate distinction between AC and non-AC restaurants.

GoM for 12 per cent GST on AC eateries, composition scheme tax cut

It also suggested that hotels which has room tariff of more than Rs 7,500 should attract 18 per cent tax rate.

29 Oct 2017 6:21 PM

The government's recapitalisation plan for public sector banks is likely to push up GDP numbers to 7 per cent in the next fiscal, says a report.

GDP in FY19 to gain from PSU bank recapitalisation: report

As per Ambit estimates, industry is likely to see a 7 per cent growth in 2018-19 from 5 per cent in the current fiscal.

29 Oct 2017 5:27 PM

The Railways is looking to invest over USD 150 billion over the next five years which would help create one million additional jobs, minister Piyush Goyal has said. (Photo: ANI)

Goyal trying to give Railways 'new direction', to create 1 mn jobs in 5 years

Railways can play an important role in 'aggressively pursuing' government agenda to provide safe and comfortable travel, he said.

29 Oct 2017 4:46 PM

The Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said. (Photo: PTI)

Note ban anniversary on Nov 8: RBI says still verifying banned notes

The RBI said it has processed about 1,134 crore pieces of Rs 500 notes and 524.90 crore pieces of Rs 1,000 notes.

29 Oct 2017 3:47 PM

Businesses under GST composition scheme will soon start filing their returns for July-September quarter. (Photo: PTI/ Representational)

Businesses under composition scheme to soon start filing GST returns

Around 15 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate.

29 Oct 2017 1:34 PM

GST Network has started conducting surveys by calling up taxpayers enquiring about their experience on the portal. (Photo: Twitter| @GSTN_IT)

GSTN officials to call taxpayers for feedback on portal

GSTN Chairman Ajay Bhushan Pandey said about 500 calls a day are made from a full fledged call centre.

29 Oct 2017 12:43 PM

Foreign investors have pumped in close to USD 3 billion in the Indian capital markets so far in October. (Photo: PTI)

FPI inflow to captial market rises to USD 3 billion in October

This follows a net outflow of over Rs 10,000 crore from the capital markets in the month of September.

29 Oct 2017 12:35 PM

The UIDAI will soon launch a process whereby authorised employees can put their biometric signature on the Aadhaar enrolment forms to ensure another layer of security. (File Photo)

Govt, bank staff to biometrically sign off Aadhaar enrolment

A process for this additional layer of security is being evolved and the proposed mechanism is likely to be in place by January.

29 Oct 2017 12:18 PM

Russian and Japanese companies have expressed interest in supplying amphibious planes to India, Union Minister Nitin Gadkari said on Sunday. (Photo: PTI)

Russian, Japanese cos keen on supplying amphibious aircrafts: Gadkari

The government has already urged global investors to tap the potential of seaplanes in the country.

29 Oct 2017 11:55 AM

Lower interest rates coinciding with a hard discount or some other money-saving offer is likely to propel 'fence-sitting buyers' to enter the market, says property consultant Jones Lang LaSalle. (Photo: Pixabay)

Lower rates, discounts to bring fence-sitting buyers in market

It is frequently said that buyers may be waiting for lower interest rates on home loans, especially in affordable housing segment.

29 Oct 2017 10:54 AM

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Aakar Patel