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GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR, it said, will come into force from April 1 and can be invoked only through a two-stage process involving a nod at the level of principal commissioner of income tax and a panel headed by a high court judge.

Economy to grow at 7.4% next fiscal: Ind-Ra Economy to grow at 7.4% next fiscal: Ind-Ra

The Indian economy is likely to grow by 7.4 percent in the next fiscal year, India Ratings and Research (Ind-Ra) on Tuesday said.

'Government must provide incentives, tax breaks to curb cyber crimes' 'Government must provide incentives, tax breaks to curb cyber crimes'

To check cyber crimes, government and regulators must design policies entailing incentives and tax breaks to encourage private sector participation in curbing the menace, a report has suggested.

January WPI inflation shoots up to 5.25% versus 3.39% for December January WPI inflation shoots up to 5.25% versus 3.39% for December

The provisional headline inflation rate based on WPI for January, 2017 is 5.25% as against 3.39% for December, 2016., as per government data.

India job market records overall increase by 3% compared to a year ago India job market records overall increase by 3% compared to a year ago

In an overall buoyant job market, January 2017 recorded growth in jobs, beyond the top metro cities, when compared with January 2016, as recorded by Naukri Job Speak Index.

Consumer price inflation set to see upside pressure: Crisil Consumer price inflation set to see upside pressure: Crisil

Even as consumer price inflation (CPI) has come down due to a dip in food inflation and Index of Industrial Production (IIP) also seen a slip as a fallout of demonetisation, the former could see upside pressure hereon, Crisil said today.

RBI currency press refuses to disclose printing capacity RBI currency press refuses to disclose printing capacity

The currency note printing press of Reserve Bank of India has refused to disclose its printing capacity, even as similar information is available on its website.

China launches anti-dumping probe against Indian manufactures

China on Monday launched anti-dumping and countervailing duties investigations against some Indian manufactures for allegedly exporting a chemical product - widely used in dyes and pharmaceutical - to the country at an artificially low price.

Govt focus on clean economy, bold decisions: FM Jaitley Govt focus on clean economy, bold decisions: FM Jaitley

The Modi government's emphasis is on bold decision making and a clean economy with business friendly environment, the returns of which can be spent on the poor, Finance Minister Arun Jaitley said on Monday.

Inflation eases to 5-year low of 3.17% in January Inflation eases to 5-year low of 3.17% in January

Retail inflation eased to 3.17 percent in January, its lowest level in at least five years.

 

 

India not impacted by protectionism talk, global slowdown: FM Jaitley India not impacted by protectionism talk, global slowdown: FM Jaitley

The rhetoric of protectionism in developed economies and unpredictable global slowdown have not affected India and it is determined to grow with focus on investments, Finance Minister Arun Jaitley said on Monday.

'4-tier GST rate may lead to classification disputes' '4-tier GST rate may lead to classification disputes'

The four-tier GST rate structure will open up floodgates of classification disputes with tendency among businesses to demand lower rate for their goods or services, says a research paper.

GDP growth to slow to 5.7% in Jan-Mar 2017: Nomura GDP growth to slow to 5.7% in Jan-Mar 2017: Nomura

India's economic growth is likely to remain muted in the first quarter of this calender year with the GDP likely to grow at 5.7 percent in the January-March period amid subdued activity, says a report.

Hi-tech survey to expedite work on Railways' bullet train project Hi-tech survey to expedite work on Railways' bullet train project

Indian Railways will employ Light Detection and Ranging or LiDAR technology for conducting an aerial survey of the country's first high-speed train corridor between Mumbai and Ahmedabad.

16 cases of train sabotage in the last 40 days in 2017, Indian Railways suspect 'terror angle' 16 cases of train sabotage in the last 40 days in 2017, Indian Railways suspect 'terror angle'

Indian Railways suspect that abnormally high cases of train accidents in the recent past are the act of sabotage

Demonetisation has positive impact: Arun Jaitley Demonetisation has positive impact: Arun Jaitley

Union Finance Minister Arun Jaitley on Sunday said the purpose of demonetisation is served as it had led to "larger and cleaner GDP".

Enough funds for road building, orders worth Rs. five lakh crore signed, says Nitin Gadkari Enough funds for road building, orders worth Rs. five lakh crore signed, says Nitin Gadkari

With the National Highway Authority of India having received a mandate from the Budget to raise Rs. 70,000 crore through infrastructure bonds and easy availability of low cost overseas loans for the AAA rated NHAI, the government`s road and highway building programme has enough cash to build the crucial infrastructure, Road Transport, Highway and Shipping Minister Nitin Gadkari has said.

Tax officers to file self-appraisal report on e-assessment Tax officers to file self-appraisal report on e-assessment

Tightening reporting norms, the tax officers have been asked to submit self appraisal reports to the Revenue Department and explain reasons for the "poor performance" in doing e-scrutiny of tax returns.

RBI board meet discusses economic scene, other challenges RBI board meet discusses economic scene, other challenges

The Reserve Bank central board on Saturday took stock of the current economic situation, global and domestic challenges and other specific areas of its operations.

Urjit Patel holds long-gestation projects responsible for high NPAs Urjit Patel holds long-gestation projects responsible for high NPAs

RBI Governor Urjit Patel on Saturday attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12.

All finance ministers have perpetual desire for lower rate: FM All finance ministers have perpetual desire for lower rate: FM

Finance Minister Arun Jaitley today said that he expected the RBI to cut interest rate but respect its decision to hold status quo.