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Note ban: Those indulging in unlawful activities related to black money will not be spared, says govt Note ban: Those indulging in unlawful activities related to black money will not be spared, says govt

Those found guilty of indulging or aiding in money laundering activities or evading tax will not be spared, said the Economic Affairs Secretary Shaktikanta Das on Friday.

Demonetisation: Today is the last day to use old Rs 500 notes at petrol pumps, for airline tickets  Demonetisation: Today is the last day to use old Rs 500 notes at petrol pumps, for airline tickets

Old Rs 500 notes at petrol pumps and for airline tickets will be accepted till Friday (December 2) as against December 15 announced earlier.

 

GST Council to discuss model laws, tax jurisdiction on Friday GST Council to discuss model laws, tax jurisdiction on Friday

The issues of draft model laws for implementation of the new GST regime from April 2017 and its jurisdiction will be form the forefront of discussion in the GST Council meet at the two-day meeting starting Friday.

GST, currency change to be 'game changers' for Indian economy: Arun Jaitley GST, currency change to be 'game changers' for Indian economy: Arun Jaitley

Finance Minister Arun Jaitley on Thursday said that goods and services tax (GST) and demonetisation will be 'game changers' for Indian economy.

India's manufacturing growth slows down on demonetisation move India's manufacturing growth slows down on demonetisation move

Hit hard by demonetisation move, manufacturing growth decelerated sharply in November as cash crunch slowed down domestic consumption, production of goods and new orders, even as subdued inflationary pressure raised hopes for a rate cut by RBI, a monthly survey showed Thursday.

ATF price cut by 3.7%; domestic LPG rate hiked by Rs 2.07 per cylinder ATF price cut by 3.7%; domestic LPG rate hiked by Rs 2.07 per cylinder

The price of subsidised cooking gas (LPG) was Thursday hiked by Rs 2.07 per cylinder, the seventh increase in rates in 6 months, while that of jet fuel was cut by 3.7 percent in step with global trends.

India's Q2 GDP growth: This is how different sectors performed India's Q2 GDP growth: This is how different sectors performed

India remained the fastest growing major economy with its GDP accelerating to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months by the impact of demonetisation.

Demonetisation: ED conducts countrywide searches at over 40 locations; Rs 1.20 crore cash seized Demonetisation: ED conducts countrywide searches at over 40 locations; Rs 1.20 crore cash seized

Officials said Enforcement Directorate teams seized about 20 lakh cash in old currency, about Rs 1 crore in new notes and transaction papers of about Rs 50 lakh foreign exchange at the end of operations.

Indian economy grows 7.3% in September quarter; uncertainty looms for 2nd half due to demonetisation Indian economy grows 7.3% in September quarter; uncertainty looms for 2nd half due to demonetisation

India remained the fastest growing major economy with its GDP accelerating to 7.3 percent in the September quarter, pushed mainly by farm output.

India's GDP growth numbers in Q2 good; uncertainty remains for 2nd half: CEA India's GDP growth numbers in Q2 good; uncertainty remains for 2nd half: CEA

GDP growth numbers for the first half of the current fiscal have revealed a good and consistent performance but lot of uncertainty remains on the outlook for the second half, Chief Economic Adviser Arvind Subramanian said Wednesday.

 

Government approves new liberalised visa policy to attract foreigners, boost trade Government approves new liberalised visa policy to attract foreigners, boost trade

In a move to attract more foreigners and boost trade in the country, the Union Cabinet on Wednesday approved the new liberalised visa policy for foreigners.

Petrol price hiked by 13 paise a litre, diesel cut by 12 paise Petrol price hiked by 13 paise a litre, diesel cut by 12 paise

Petrol price was on Wednesday hiked by 13 paise a litre, but that of diesel was cut by 12 paise per litre in line with international trends.

Infra sector growth jumps to 6-month high of 6.6% in October Infra sector growth jumps to 6-month high of 6.6% in October

Infrastructure sector recorded a growth rate of 6.6 percent in October -- the highest in last six months -- on the back of impressive performance by steel and refinery products.

India's Q2 GDP growth improves to 7.3% vs 7.1% in Q1 India's Q2 GDP growth improves to 7.3% vs 7.1% in Q1

Showing signs of recovery, India's economic growth rate improved to 7.3 percent in July-September compared to 7.1 percent in April-June.

 

Fiscal deficit in April-October at 79.3% of full year estimate Fiscal deficit in April-October at 79.3% of full year estimate

India's fiscal deficit during the seven months to October was Rs 4.24 trillion (USD 61.91 billion), or 79.3 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

 

Demonetisation: ED conducts searches at over 40 locations to check black money Demonetisation: ED conducts searches at over 40 locations to check black money

The Enforcement Directorate (ED) has conducted searches at over 40 locations across the country to check black money with hawala operators, others.

 

Modi govt's demonetisation drive to benefit economy in long run: Panagariya Modi govt's demonetisation drive to benefit economy in long run: Panagariya

Niti Aayog Vice-Chairman Arvind Panagariya on Wednesday said the government's demonetisation drive will leave a "very positive" impact on the economy in the long term as more people will move towards digital transactions.

Commerce Ministry had suggested for fair valuation of rupee: Nirmala Sitharaman Commerce Ministry had suggested for fair valuation of rupee: Nirmala Sitharaman

The Commerce Ministry wants there should be "fair valuation" of rupee keeping in view the global environment as it has a bearing on exports, Parliament was informed Wednesday.

Demonetisation: RBI relaxes withdrawal norms, nudges retailers to deposit cash Demonetisation: RBI relaxes withdrawal norms, nudges retailers to deposit cash

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal limits.

Fitch cuts India's GDP outlook to 6.9% for 2016-17 Fitch cuts India's GDP outlook to 6.9% for 2016-17

Fitch Ratings has lowered India`s GDP outlook for the current year to 6.9 percent from the 7.4 percent estimated earlier.