ECONOMY & NATION


IANS 31 January 2017
From biases against India by global credit rating agencies to poor targeting of social programmes, the Economic Survey 2016-17 brought out eight interesting facts about the country:   1. Indians on the move: New estimates based on railway passenger traffic data reveal an annual...

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IANS 31 January 2017
Commencing the process of crackdown on large deposits made after November 8, the Income Tax Department has identified 18 lakh taxpayers who will be served notices seeking explanation within 10 days.   According to tax officials, the transactions carried out by these taxpayers post...

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IANS 31 January 2017
The Economic Survey 2016-17 tabled in Parliament on Tuesday by Union Finance Minister Arun Jaitley called for more privatisation in the civil aviation, banking and fertiliser sectors to further the economic reforms process.   "India needs an evolution in the underlying economic vision...

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IANS 31 January 2017
The Economic Survey 2016-17 has advocated fast remonetisation, a cut in tax rates and stamp duties and reining in over-zealous tax administration to make India the world's fastest growing major economy again.   The survey, tabled in Parliament by Finance Minister Arun Jaitley, said...

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Amit Kapoor  and   Chirag Yadav (IANS) 31 January 2017
Unlike in most countries of the world, the Budget unusually holds widespread public interest in India. However, the Budget due on February 1 has an exceptionally heightened sense of anticipation -- for a variety of reasons.   It is the first Budget after the culmination of the last...

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IANS 31 January 2017
The demonetisation of high value currencies (Rs500 and Rs1,000) and the subsequent cash crunch is expected to push back the asset quality recovery of Indian banks, said Fitch Ratings.   Fitch also said stressed-asset ratio for Indian bank predicted to increase to 12% for the current...

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IANS 30 January 2017
The RBI on Monday ended all curbs on withdrawals from Current Accounts, Cash Credit Accounts and Overdraft Accounts with immediate effect.   A Reserve Bank of India notification said limits on ATM withdrawals will also go from Wednesday.   But the curbs on Savings Bank...

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IANS 30 January 2017
Ending months of speculation, Vodafone on Monday confirmed it is in talks with the Aditya Vikram Birla group for the merger of its Indian entity and Idea Cellular in what will be the largest such deal in the country's telecom space once it materialises.   The merger will create an...

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IANS 30 January 2017
Toyota Motors lost its title as the highest selling automaker in 2016 to German carmaker Volkswagen, a position the Japanese company had enjoyed since 2011, the media reported.   According to figures published on Monday by the Toyota group, which includes its subsidiaries Daihatsu...

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IANS 30 January 2017
Total deposits in Jan Dhan accounts surged by nearly Rs 29,000 crore in the period of a month since the November 8 announcement demonetising high value currency notes, according to the latest official data released here.   Total deposits in Jan Dhan accounts rose by around Rs 28,973...

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There was much hand-wringing in India, when the World Bank announced its Ease of Doing Business Rankings for 2017 as India had moved up just one place since 2016, remaining at a low 130 in the list of 190 countries. After two years, many promises of improved governance and better...

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IANS 27 January 2017
In a bid to bring clarity in tax rules for foreign entities in India and their transactions, the government on Friday said the General Anti-Avoidance Rule (GAAR) to plug taxation loopholes, but yet recognise genuine players, will be applicable from 2017-18.   "Stakeholders and...

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IANS 27 January 2017
Launching a fierce attack on old ally BJP, Shiv Sena President Uddhav Thackeray on Thursday announced breaking of their 25-year-old alliance for the upcoming civic elections across Maharashtra.   "We shall not go around with a begging bowl. We have wasted 25 years in this alliance....

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IANS 27 January 2017
The Maharashtra government has decided to withdraw its recent order banning all kinds of religious activities in all government offices and institutions, Chief Minister Devendra Fadnavis said here on Friday.   He informed a delegation of ally Shiv Sena ministers that the order had...

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IANS 27 January 2017
After India's market regulator Sebi barred Vijay Mallya from trading in the securities market for allegedly diverting funds from the United Spirits Ltd (USL) in his capacity as its Chairman, the beleaguered businessman said on Thursday he is "getting used to these witch hunts".   "I...

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IANS 27 January 2017
Global credit rating agency Fitch Ratings on Friday said repayment of Indian auto loans got affected by demonetisation and it would take a couple of months for collections to come back to normal levels.   In a statement, Fitch said: "Demonetisation appears to have had a negative...

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IANS 27 January 2017
The Supreme Court on Friday ordered status quo, thereby asking the Director General (Investigation) of the Competition Commission of India (CCI) not to proceed with further investigation into the alleged unfair predatory pricing by the cab hailing app operator Uber.   The bench of...

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IANS 27 January 2017
Forty-nine percent of the more than 100,000 respondents in a survey ahead of the Union budget for 2017-18 said the government should reduce taxes to minimise the impact of demonetisation.   Thiry-three per cent of the respondents in the survey, conducted by citizen engagement platform...

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Moneylife Digital Team 25 January 2017
This year the President of India has approved conferment of Padma Awards to 89 persons as per the list below. The list comprises of 7 Padma Vibhushan, 7 Padma Bhushan and 75 Padma Shri Awardees.   These awards are conferred by the President of India at ceremonial functions which are...

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Moneylife Digital Team 25 January 2017
The major dilemma for the finance minister in the Union Budget FY2017-18 is whether a fresh round of fiscal stimulus will be required to offset some of the ill effects of demonetisation, says India Ratings and Research (India Ratings) in a report.    Owing to the dramatic decision of...

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