Economy - general
India’s service sector index hits a 1-1/2-yr low of 46.7 in Nov
05 Dec 2016
The overnight withdrawal of 86 per cent of the money in circulation in India's cash-driven economy saw the service sector suffer as consumers curbed discretionary spending
Ministry vows crackdown on money laundering
03 Dec 2016
Bengaluru raids yield Rs5.7 crore in new notes, luxury goods
03 Dec 2016
The seizures from two top state government engineers and two contractors in Bengaluru are the biggest haul of new cash since Rs500 and Rs1,000 notes were demonetised on 8 November in a move to choke tax evaders
Business will grow, but paper currency will shrink: Jaitley
02 Dec 2016
Finance minister Arun Jaitley today said the country was at the cusp of change and the battle between the taxman and the people who try to beat the system will continue
Core sector output expands 6.6% in October
01 Dec 2016
India’s GDP grows at a slower-than-expected 7.3% in Q2
01 Dec 2016
Growth came mostly from economic activities related to public services, financial services, real estate and professional services, manufacturing, trade, hotels, transport and communication and broadcasting services
Jaitley proposes 50% tax and 25% compulsory deposit of undisclosed incomes
28 Nov 2016
I-T Act amendments propose 30 per cent tax on undisclosed income deposited in banks, plus 10 per cent penalty and 33 per cent surcharge, and a 25 per cent compulsory deposit in the Pradhan Mantri Garib Kalyan Deposit Scheme
PM Modi wants nation to embrace a cashless economy
28 Nov 2016
PM Modi has urged small traders and daily wage earners to switch to digital payment channels