Economy News - Page 27
Union Budget 2017: Payments industry hails sops, cap on cash withdrawals
Finance Minister Arun Jaitley's other proposals include launch two new schemes to promote the usage of the BHIM app including referral bonus and cash back for merchants.
Union Budget 2017: Air India gets Rs 1,800 cr as equity infusion even as losses pile up
The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley on Thursday.
Budget 2017: Jaitley announces one lakh crore safety fund for accident-prone railways
With railways plagued by repeated derailments, government on Wednesday proposed setting up of a special safety fund of Rs one lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings.
Union Budget 2017: Arun Jaitley bats for Indira-style populism, junks Nehruvian dreams
The record allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) programme, at Rs 48,000 crore, to provide jobs to 50 million households, is an open acknowledgement of the philosophy of the Congress party.
Prime Minister Narendra Modi terms Budget as 'futuristic'
New Delhi: Prime Minister Narendra Modi described the Budget as "futuristic" with an aim on fulfilling the "dreams" of every section, including the poor, the farmers and the under-privileged while focusing on job creation, transparency, urban rejuvenation and rural development.
Union Budget 2017: Jaitley announces 'Sankalp' programme to boost youth employment
Finance Minister Arun Jaitley on Wednesday unveiled measures to leverage India's "huge demographic advantage" and maximise the employability potential of the youth, and also announced a Rs 4,000-crore programme 'SANKALP', aimed at providing market relevant training to 3.5 crore youth across the country.
Vodafone’s admission of merger talks with Idea Cellular is an inflection point in Indian telecom history
The intensity of the competition has also taken its toll with many companies exhausted, out of ideas and virtually running on empty, or on corporate debt.
Budget 2017: Freeing up of IRCTC and IRCON is good news for Indian Railways
It's never a good practice for one holding company, in this case the Indian Railways, to occupy every part of the value chain.
Budget 2017: From GST implementation to tax cuts, industry hopes FM will deliver
The impact of demonetization on the economy will be long lasting if it’s not now bolstered with an Indian equivalent of quantitative easing similar to what the US and western economies did after the 2008 banking collapse
H1-B visa restrictions: Experts say US too will feel the heat of Donald Trump's plan
The effects of this announcement will impact the GDP and the overall business economy and growth of US.
Budget 2017: Arun Jaitley should put more money in the hands of consumer to boost spending
With the announcement of 1 July as the new date for implementation of GST, it is likely that the indirect tax proposals in the Union Budget 2017 will be a precursor of sorts to GST.
Union Budget 2017: Five things to look out for in Arun Jaitley’s blueprint
The recently released advanced GDP estimates, which forms the basis of FM’s budget estimates and growth projections, has been arrived at with just nine month data and without reflecting on the impact of demonetisation.
Budget 2017: Arun Jaitley should aim to create parity in taxation between NBFCs and banks
With adequate policy support from the Government, fintech lenders can help meet the unfulfilled credit demand of over $ 250 billion among SMEs
Union Budget 2017: Good reasons why I'm not afraid of the fiscal forecast
If Rahul Gandhi is given a chance or he grabs it himself he will tell us it is populist and each year one segment invariably tells us this and I have never figured out what is wrong with populist.
Economic Survey has a cure for Narendra Modi govt's biggest headache - job creation
The Survey wants the government to focus on apparel and footwear sectors to boost job creation
Economic Survey 2017 holds a mirror to Arun Jaitley on demonetisation impact
Highlighting the short term pain in the economy, Subramanian is holding a mirror to finance Minister Arun Jaitley, who is set to present the Union Budget on Wednesday
Let's start 'em up in Budget 2017: How entrepreneurship fared in 2016
Beyond the boundaries of the corporate world, startups have a far-reaching ripple effect on the socio-economic fabric of the demography in which they operate.
Economic Survey takeaways: What it really says about note ban impact, Union Budget 2017
The survey is candid in pointing out that there will be a slowdown in growth this year too which will be between 25 to 50 bps lower than their baseline projection of 7%
Economic Survey: Implementing Universal Basic Income needs a strong political will
Economic Surevypoints out that UBI should be an alternative, not an add-on, to the various social welfare schemes currently in force
Economic Survey sees GDP falling to 6.5% in FY17; projects 6.75-7.5% growth in FY18
The Economic Survey, however, sees India's GDP rebounding sharply in the range of 6.75-7.5 percent during the fiscal year ending March 2018
Universal basic income: To go beyond political gimmickry, here's what govt needs to do
If the UBI sum turns out to be a pittance like the pension scheme, it would become more a political gimmick than a scheme to address poverty
Donald Trump's H-1B Bill: Proposal to double minimum wage could cripple Indian IT industry
The bill would require that employers first offer a vacant position to an equally or better qualified American worker before seeking an H-1B or L-1 visa holder
Budget 2017: Arun Jaitley should clear uncertainty over GAAR and other tax treaties to woo foreign investors
There is an expectation of the Government to undertake measures to prop up sentiment and ensure continued foreign investment in the country.
After demonetisation, MSMEs look forward to corporate tax sops; hope FM is listening
Relaxations in the form of corporate tax concessions could result in companies with reduced corporate tax to be able to expand faster. Reduction in corporate tax would also mean that the prices of products will ultimately come down.
After demonetisation pain, will Arun Jaitley offer tax balm for common man?
To provide incentive to common man, there is an expectation that the basic exemption limit may be raised to Rs 3.75 lakh or Rs 4 lakh this year.
To double farmer income, Budget should address debt woes, encourage tech innovation
Last time, the attainment of doubling farmers’ income in India was accomplished in 13 years.
These small steps in Budget 2017 can go a long way in easing common man’s tax pain
Budget 2017 is keenly awaited with expectations riding high from all quarters.
Budget 2017-18 may look to soften note ban woes by tax relief
Tax experts and economists said Jaitley may hike the service tax (currently at 15 per cent) to align with the GST regime.
Exclusive: Why I fear Union Budget 2017, Yogendra Yadav writes for Firstpost
Yogendra Yadav fears that if Arun Jaitley indeed announces Universal Basic Income in the Union Budget, it will just be a parody. From the signals, what the government is thinking about is neither universal nor basic income