ECONOMY

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Cong. claims RBI printed different types of Rs 500 notes, calls it biggest scam of the century
Govt rejects it as 'frivolous'
08.08.17 - team pt

The Congress on Tuesday alleged that two different kinds of Rs 500 and Rs 2,000 notes were printed post demonetisation, "jeopardising the credibility" of Indian currency, and demanded that Prime Minister Narendra Modi clear the air on the issue.

The opposition party, which disrupted proceedings in ...
  


Notification soon, No need to repay loans whose debts waived off, Capt assures farmers
29.06.17 - team pt

PUNJAB CHIEF Minister Captain Amarinder Singh on Thursday announced that the farmers whose loans had been waived off stood immediately exempt from repayment of their debts.
 
Addressing a meeting of various farmers’ organisations here, the Chief Minister said that the notification in this regard will be ...
  


Don’t deal in cash if amount is Rs 2 lakh or more, warns Income Tax
03.06.17 - team pt

DO NOT transact in cash if amount is Rs 2 lakh or more otherwise receiver of the amount will have to cough up an equal amount as penalty, warned the Income Tax on Friday.
 
It also advised people having knowledge of such dealings to tip-off the ...
  


Operation Clean Money 2.0: IT to probe 60,000 black money hoarders
14.04.17 - TEAM PT

The Income Tax department has identified about 60,000 individuals in the second phase of  the 'Operation Clean Money' launched today.

The operation has been launched with an aim to detect black money created post demonetisation.
 
Advanced data analytics and integration of data sources, relationship clustering and fund ...
  


Development ?... OK !... But At What Cost ?
31.03.17 - Observer with Opinion

Development as a concept peaked long, long ago. What is peddled today in its name is mere exploitation - be it of the earth and its resources or of human beings.
 
The word "Development" needs to be urgently banned from the political and academic lexicon of ...
  


HDFC Bank's Aditya Puri says Paytm has doubtful business model, no future
17.02.17 - team pt

Hiiting out at digital wallets, Aditya Puri, MD, HDFC Bank on Friday said that he sees no future in digital wallets! He further said that Paytm cannot be Alibaba as the government doesn’t allow replication of model. In a conversation with ET Now Puri told ...
  


Every dog has its day; But this one has a final Say
02.09.16 - Geeta Pandey*

Goofy, the canine worker of an advertising firm in the southern Indian city of Chennai, has a visiting card and a "corner seat", and he performs multiple roles in the office.

When I knocked on the door of Opn Advertising and pushed it open, Goofy came ...
  


Govt. Employees Get 24% Raise; 7th Pay Commission's Views Accepted
29.06.16 - Team PT

Salaries and pensions for former and current central government employees will go up by nearly 24 percent retroactively from the start of this year. 
 
In a bonanza for over 1 crore government employees and pensioners, the Cabinet on Wednesday approved implementation of the 7th Pay Commission, ...
  


RBI stops the supply of 1,000 denomination notes printed without thread
03.05.16 - pt team

The banknotes of 1,000 denomination that were printed without security thread are genuine, but defective, and issuance of all such banknotes of the series is stopped from circulation, Parliament was informed today.
 
It's one of the RBI's regional offices that had reported on December 11, 2015, ...
  


Tobacco Companies Shut Factories; Opposing Cigarette Larger Pictorial Warnings
01.04.16 -

Major cigarette manufacturers including ITC, Godfrey Philips and VST have decided to shut all their factories and stop manufacturing with effect from today in the wake of larger pictorial warnings covering 85 per cent of the packaging space coming into force. 

The companies, which are members ...
  


Vijay Mallya's Offer Via Video : Can pay Rs.4,000 Crore By September:
30.03.16 - pt team

Vijay Mallya has made an offer to banks struggling to recover more than Rs 9000 crores from his Kingfisher Airlines: he will arrange to repay 4,000 crores by September. His lawyers submitted a copy of the details to the Supreme Court today, which has given ...
  


NaMo Under Fire As Middle Class India Still Awaits 'Achche Din'
23.03.16 - pt team

Sharp rises in education and healthcare costs in the last two years have hit India’s burgeoning middle class hard, denting Prime Minister Narendra Modi’s popularity among the relatively well-off ahead of a series of state elections.
 
Price increases for services deemed a luxury for most Indians ...
  


Rs. 46000 crore : CAG charges Six Telecom Operators of hiding revenue
12.03.16 - pt team

The Comptroller & Auditor General of India (CAG) alleged that six telecom operators —Bharti Airtel, Vodafone India, Idea Cellular, Reliance Communications, Tata Teleservices and Aircel — had collectively understated gross revenue amounting to Rs 46,045.75 crore between 2006-07 and 2009-10, causing a loss of Rs ...
  


My client is a small defaulter compared to Ambani's Reliance: Vijay Mallya's counsel
05.03.16 -

To support UB Group promoter Vijay Mallya, counsel Uday Holla, on Friday said that his client was a "small-time" defaulter unlike companies like Reliance who he claimed are bigger defaulters, and the banks were hounding the small defaulters and leaving big defaulters off the hook.
 
"Recently ...
  


Indian Economy Was saved By 'The Black Money' : Kaushik Basu
04.03.16 - JUSTIN ROWLATT

There is no question that India has the most positive economic story on the planet.
 
Buoyed by increased manufacturing output, India's economy grew by 7.4% in the third quarter of 2015, the fastest growth of any major country in the world.
 
But there is a dark side ...
  



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