Economy

Flagging concerns about increasing data colonisation by global corporations, Reliance Industries chairman Mukesh Ambani on Friday urged Prime Minister Narendra Modi to take steps against the way some global corporations were ‘colonising data’ of Indian users in the rapidly growing digital economy in the country. He also insisted that Indian …

The Reserve Bank of India (RBI) made some changes in the Gold Monetisation Scheme (GMS) by including charitable institutions and the Central government, among others. Apart from individual and joint depositors, the scheme could now be availed by charitable institutions, the Central government, the State government or any other entity …

Upswing in consumption and investment to drive growth India’s GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. The bank said India will continue to be …

Rate cut for under construction properties, composition scheme for small service providers on cards Some of the key issues likely to be discussed during the 32nd GST Council meeting on Thursday include increasing the Rs. 20-lakh threshold for GST eligibility, reducing tax rate on under-construction properties in a bid to …

Direct tax mop-up grew 14.1% to Rs. 8.74 lakh crore during April-December 2018, the Finance Ministry said on Monday. Refunds amounting to Rs. 1.3 lakh crore have been issued from April to December, 2018, which is 17% higher than refunds issued in the year-earlier period. Advance tax As much as …

Aimed at contributing to India’s cruise tourism, Zen Cruises, a company promoted by Essel Group chairman Subhash Chandra’s family office, has announced plans to start cruise services on India’s coastline starting April 17. Karnika, the first ship under the Jalesh brand, with a capacity to take 1,900-2,000 people on board, …

With the number of exchanges offering commodity derivatives on the rise and national-level equity bourses also entering the fray, the Securities and Exchange Board of India (SEBI) is making all attempts to bring uniformity among the bourses in a segment which came under its regulatory purview only three years ago. …

The Reserve Bank of India has not yet taken a decision regarding the quantum of the interim dividend it will transfer to the government, RBI Governor Shaktikanta Das said on Monday. The central bank would not delay in announcing the decision once made, he said. Mr. Das was responding to …

It is time to stand by those who are being jailed for activism or persons like Naseeruddin Shah who are raising questions about growing intolerance in the country, Nobel laureate Amartya Sen said here on Monday. “There is growing intolerance compared with the past. Many activists are now jailed as …

The government has projected GDP growth for the full year 2018-19 to come in at 7.2%, which implies that growth in the second half of the year would slow significantly to 6.8% from the 7.6% clocked in the first half of the year, according to the first advance estimates of …