The overall hiring activity saw a moderate 1 per cent rise in February over the year ago and the job market is expected to be volatile for the next few months, says a Naukri.Com report. The Naukri JobSpeak index for February stood at 1,960, a 1 per cent rise on a yearly basis and 15 per cent jump month on month. "Though the JobSpeak index has shown just a 1 per cent year-on-year growth in
The Goods and Service Tax (GST) Council will meet on Thursday to discuss the remaining two draft laws -- UTGST (Union Territory GST) and sGST (state GST) -- to enable a likely rollout of the new indirect tax regime by July 1.
GST Council consists of Finance Minister Arun Jaitley and state finance ministers.
The meeting will be held in the evening. A meeting of concerned GST
The executive committee of the National Mission for Clean Ganga (NMCG) has approved 20 projects worth Rs 1,902 crore to develop sewage treatment infrastructure in various Ganga basin states, including Delhi. In its meeting held on March 2, the panel sanctioned construction of a sewage treatment plant (STP) of 564 million litres daily (MLD) capacity in Delhi's Okhla at an estimated cost of R
The CBDT will hold a high-level meeting later this week to review the progress in collections under the black money window of Pradhan Mantri Garib Kalyan Yojna (PMGKY), that will close on March 31, reported PTI. Officials said the Central Board of Direct Taxes (CBDT), the policy-making body of the Income Tax Department, will hold the meeting with all the regional heads of the department on Marc
The International Monetary Fund (IMF) has said that India's economic growth is expected to pick up once the effects of cash shortages linked to the currency exchange initiative fade. Prime Minister Narendra Modi on November 8 had announced scrapping of old Rs 500 and Rs 1000 notes, pulling out 86 per cent of the total currency in circulation. Commenting on the issue, the IMF in its note tit
To benefit 48.85 lakh central government employees and 55.51 lakh pensioners, the union cabinet has approved a 2 per cent hike in Dearness Allowance (DA) and Dearness Relief (DR) from January 1, 2017. According to an official statement, “The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Gov
India's exports grew at a five-year high of 17.48 per cent to USD 24.5 billion in February on account of surge in shipments of petroleum, engineering and chemicals, reported PTI. The trade deficit widened as well to USD 8.89 billion as imports expanded. "In continuation with the revival exhibited by exports since September 2016, exports during February for the first time exhibited a do
An agreement between India and Namibia on capacity building of officials was cleared by the Union Cabinet, reported PTI. The memorandum of understanding will be signed between Lal Bahadur Shastri National Academy of Administration, Mussoorie and Namibia Institute of Public Administration and Management in the field of capacity building of public officials of Namibia and other training activitie
The central government has not received any application from foreign airlines to start a domestic passenger carrier through the 100 per cent FDI (Foreign Direct Investment) route, Minister of State for Civil Aviation Jayant Sinha said on Wednesday.
The minister gave the information in reply to a question raised about Qatar Airways' plan to start a fully owned domestic passenger ca
The Cabinet Committee on Economic Affairs on Wednesday approved the six-laning of approximately 73-km Handia-Varanasi section of National Highway-2 in Uttar Pradesh.
The work will be carried out under the National Highways Development Project Phase-V.
"The approval is in Hybrid Annuity Mode at an estimated cost of Rs 2,147.33 crore, including cost of land acquisition, r
With an increase in both wholesale and retail inflation indices in February indicating that India has left behind the "most benign part of retail inflation", an expert has suggested that the RBI should postpone further cuts in interest rates.
Official data on Tuesday showed the annual rate of inflation based on wholesale prices rose to over a three-year high of 6.55 per cent
The government today said it costs between Rs 2.87 and Rs 3.77 to print each currency note of Rs 500 and Rs 2000, but did not indicate the total cost involved in replacing the junk notes. The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2000, Minister of State for Finance Arjun Ram Meghwal said in a written reply in Ra
India's contribution to the United Nations rose 55 per cent to Rs 244 crore in 2015-16 compared with the previous fiscal, the governemnt said. External Affairs Minister Sushma Swaraj informed the Lok Sabha that the government had also made voluntary contributions to the tune of Rs 22 crore to international organisations, including UN agencies, in the last financial year. The country contrib
Expressing reservations over farm loan waiver schemes, State Bank of India Chairman Arundhati Bhattacharya said such sops may disrupt credit discipline among borrowers, reported PTI. Ahead of the recently concluded assembly elections in Uttar Pradesh, the BJP had promised to bring in a loan waiver scheme for farmers in the state, if its voted to power.
"We feel that in case of a
More than 2,800 fresh foreign portfolio investors (FPIs) registered with capital markets regulator Sebi in the first 10 months of the current fiscal, indicating that India remains an attractive destination. In comparison, about 2,900 FPIs had received approval from the Securities and Exchange Board of India (Sebi) in the entire last financial year (2015-16).
The number of FPIs with Se
The Reserve Bank of India today fixed the reference rate of the rupee at 65.5146 against the US dollar and 69.6224 for the euro. The corresponding rates were 66.1800 and 70.4354 on Tuesday. According to a RBI statement, the exchange rates for the pound and the yen against the rupee were 80.0654 and 57.08 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quote
All 2.5 lakh Gram Panchayats (GPs) in the country will be connected with the internet by December 2018 and one lakh of them connected by the month-end, Communications Minister Manoj Sinha said as per the PTI report. Sinha said in Lok Sabha that BharatNet project was being implemented with the objective of creating network infrastructure to provide broadband connectivity of 100 Mbps to all GPs i
Trade ministers of India and Russia are expected to chalk out a road map for signing of a free trade pact the Eurasian Economic Union and take up issues to boost bilateral trade at a meeting tomorrow. The Eurasian Economic Union includes Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan. Commerce and Industry Minister Nirmala Sitharaman and her Russian counterpart Denis Manturov are slated to
The Indian Government has said that the Union Cabinet is likely to consider a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act. Besides, the bill seeks to enable the central government to change the ceiling for tax-free gratuity after factoring in rise in income levels by an executive order bypassing Parliament route to
The US Trade Representative in a new report has said that India's economic growth and indirect taxation reforms could support more US exports to the country in future. Commenting on the issue, a US Trade Representative (USTR) Official told the media, "India's economic growth and development could support significantly more US exports in the future.
India's reform of i
Reliance Communications (RCOM) has got approval of the SEBI, BSE and NSE for the proposed de-merger of its wireless division into Aircel, the company said on Wednesday.
"Reliance Communications has received approval of the Securities and Exchange Board of India (SEBI), BSE Ltd and National Stock Exchange of India Ltd (NSE) for the proposed Scheme of Arrangement for de-merge
Global credit rating agency Moody's Investor's Service on Wednesday said the recent state election results will facilitate reforms by the BJP led Indian government.
In a statement Moody's said the 2017 state election results demonstrate broad-based popular support for the Indian government's policy agenda and will facilitate the implementation of further reforms, a cre
Chief Economic Adviser Arvind Subramanian has said that the recent election results came as a surprise to him, and the outcome has given the Modi government a "political mandate" to carry out its economic agenda. Commenting on the issue, Chief Economic Adviser Arvind Subramanian told the media, “Nobody was able to predict the "magnitude of the UP election", just as Bre
Chief Economic Advisor Arvind Subramanian has said that demonetisation can be called successful only if the amount of currency in circulation comes down over time and there is an increase in tax compliance. Commenting on the issue, Chief Economic Advisor Arvind Subramanian told the media, "Before demonetisation, the cash to GDP ratio was something like 12 per cent. Going forward, that shou
The government is likely to launch the indices of industrial production and wholesale prices with new base year 2011-12 by April-end with a view to ensuring compatibility with other macro economic numbers, reported PTI. A high-level panel has firmed up the methodology for the index of industrial production (IIP) and the wholesale price index (WPI) with new base year of 2011-12, a source said.