Union Finance Minister Arun Jaitley on Thursday said the situation in the country is "almost normal" after the November 8 demonetisation move.
"The situation in the country is almost normal after demonetisation," Jaitley said at a press conference here. He was in Ranchi to take part in the Global Investors Summit(GIS) 'Momentum Jharkhand'.
On the first day of Jharkhand's Global Investors Summit (GIS) in Ranchi on Thursday, the Vendata Group announced it would invest Rs 5,000 crore in the state as a pilot investment.
"This is a ghar-wapasi (home-coming) for me. In Jharkhand, we have no investments but it is my commitment we will invest Rs 5,000 crore as a pilot investment. While 90 per cent of exploration h
Eassar group Chairperson Shashi Ruia on Thursday said he is confident that both state and the Centre will support fuel linkage to start the state Jharkhand power project.
"We are now awaiting fuel linkage and are confident that the state and central government will support fuel requirement for the project through the upcoming coal mine auctions and linkages," said Ruia
The Reserve Bank today appealed to the income tax assessees to pay dues in advance of the due date as well use alternate channels of authorised banks to avoid the rush during end of March. "Pay I-T dues in advance at RBI or at authorised bank branches. Appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date ", RBI said in a release.
Demonetisation of old high value currency and the government's push towards digital economy will definitely expand India's GDP, Minister of State for Finance Arjun Ram Meghwal said today. Referring to the ongoing debate on impact of note ban on GDP, he said experts are divided on the issue, but stressed that "it will definitely increase".
Meghwal said that about 23.2
The retail inflation in Delhi and Jammu and Kashmir is double that of the national average of 3.17 per cent recorded for January, probably due to demonetisation, an industry organisation said on Thursday.
"The retail inflation may have been hovering at quite a reasonable level of 3.17 per cent for January, on an all-India basis, but there is no respite for people in Delhi along w
Minister of State for Finance Arjun Ram Meghwal on Thursday said that India need to become a tax-compliant society in order to attain greater growth.
"We have to change to a tax compliant society if India needs to grow and move forward," Meghwal said here.
He was speaking at a conference on 'Digital and Cashless Economy: A paradigm for NextGen Businesses' o
The government has approved setting up of Food Legumes Research Platform in Madhya Pradesh with satellite hubs in West Bengal and Rajasthan for meeting the emerging food security challenges. The Union Cabinet has approved the establishment of Food Legumes Research Platform (FLRP) by International Center for Agricultural Research in Dry Areas (ICARDA) at Amlaha, Sehore, Madhya Pradesh with satel
The Centre has approved a Bill that seeks to extend jurisdiction of the Collection of Statistics Act, 2008, to Jammu and Kashmir on matters pertaining to statistics under Union and Concurrent lists.
"The Union Cabinet chaired by Prime Minister Narendra Modi has approved a proposal to introduce a Bill in Parliament to extend the jurisdiction of the Collection of Statistics Act, 20
A Nomura report has said that WPI inflation is expected to rise in the next three months and is likely to average around 4.4 per cent in 2017, much higher than 2 per cent in 2016. As per reports, India's WPI inflation rose to a 30-month high of 5.2 per cent in January from 3.4 per cent in December. WPI inflation, which reflects the annual rate of price rise, has risen for the second straigh
Finance Minister Arun Jaitley said the currency is in surplus and the ministry is monitoring status of ATMs on a daily basis to sort out operational issues, reported PTI. "The Department of Financial Services is collecting details about money in ATMs. There might be a few operational issues in some locations... I get report on a daily basis... we are monitoring it so that these kinds of si
India's exports rose for the fifth straight month in January, up 4.32 per cent, to USD 22.11 billion on increase in shipments of petroleum products, engineering goods and iron ore even as trade deficit widened to USD 9.84 billion, reported PTI.
The growth in shipments came despite the growing protectionist and anti-trade sentiment in the US and Europe, which exporters said pose &q
Union Finance Minister Arun Jaitley on Wednesday said that there is no shortage of cash and some ATMs could be dry due to operational reasons.
Jaitley, who was briefing the media after a meeting of the Union Cabinet, was asked on reports of shortage of cash at several ATMs in different parts of the country.
"We are monitoring the situation, so that such complaints don
Continuing with the revival in exports for the fifth month in a row, Indian merchandise shipments overseas at $20.20 billion in January 2017 registered an uptick of 4.32 per cent over the $21.20 billion exported in January 2015, official data showed on Wednesday.
Imports during the month in consideration at $31.96 billion also marked an increase of 10.70 per cent over the $28.87
Government-run oil marketing companies temporarily halted further release of new connections after meeting the target of 1.5 crore LPG connections under PMUJ in its first year -- but grant of new connections will be resumed soon, a senior official said on Wednesday.
"The target of distributing 1.5 crore connections under the Pradhan Mantri Ujjwala Yojana (PMUY) has been achi
Riding on the hard work of over 3.86 million employees and growth of five per cent over the financial year 2016, digital capabilities will drive the Indian technology industry's next phase of development, industry's representative body Nasscom said on Wednesday.
The new emerging technologies will open up multiple areas of work for the industry and will have a significant
NEW DELHI - India has approved the award of operating licences for 31 small oil and gas fields, Finance Minister Arun Jaitley told reporters on Wednesday.
The world's third biggest oil consumer had received bids for 34 of 46 oil and gas fields that were auctioned in May in India's push to tap its energy resources.
(Reporting by Nidhi Verma; Edit