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Economy

‘Organized retail in India may double by 2021’

February 27, 2019February 27, 2019 - by Sayoni

According to recent report titled ‘Unravelling the Indian Consumer’ by Deloitte and the Retailers Association of India (RAI), the share of organised retail market in India would increase from about …

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Economy

IL&FS accounts can’t be NPAs without NCLAT nod

February 26, 2019February 26, 2019 - by Abdul

The National Company Law Appellate Tribunal (NCLAT) has said Infrastructure Leasing and Financial Services (IL&FS) accounts will not be declared as non-performing assets (NPA) without approval from the appellate tribunal. …

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Economy

Two crore jobs created in 16 months to December 2018: CSO

February 26, 2019February 26, 2019 - by Sayoni

According the payroll data of the Employees State Insurance Corporation (ESIC), nearly 2 crore jobs were created during the period from September 2017 and December 2018. The ESIC data is …

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Economy

Banks may set repo rate as benchmark

February 26, 2019February 26, 2019 - by Abdul

The Reserve Bank of India (RBI) has proposed a major change in the way banks price their loans. It said that banks will now have to link the interest rates …

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Economy / Policy

NPS: minimum assured return scheme on the cards

February 25, 2019February 25, 2019 - by Abdul

Pension fund regulatory and Development Authority(PFRDA) is planning on a minimum assured return scheme (MARS) for the subscribers of its flagship social security programme,National Pension System(NPS). Currently, returns on the …

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Economy

GST on under-construction flats, affordable housing slashed by 7%

February 25, 2019February 25, 2019 - by Abdul

The GST Council has decided that (a) Under construction properties priced over ₹45 lakh will attract 5% GST (Goods and Services Tax), instead of 12% and (b) A residential property …

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Economy

CBIC working groups to boost exports

February 24, 2019February 25, 2019 - by Abdul

The Central Board of Indirect taxes(CBIC) has set up three working groups to suggest ways to facilitate exports, especially through e-commerce, and improve compliance by way of curbing tax evasion. …

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Economy

World Bank, UN, SIDBI launch Rs 300 crore Women’s Livelihood Bond

February 23, 2019February 23, 2019 - by Abdul

World Bank, UN Women, and Small Industries Development Bank of India (SIDBI) have collaborated to launch a new social impact bonds exclusively for women, called Women’s Livelihood Bonds (WLBs), with …

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Economy

Labour Bureau submits report on jobs created by MUDRA loans

February 23, 2019February 23, 2019 - by Sayoni

The Labour Bureau has submitted its report on jobs created by MUDRA scheme. In 2017, the Labour Ministry had asked the Labour Bureau to initiate the survey on jobs created …

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Economy

DPIIT launches second edition of States’ ranking on Startup initiatives

February 21, 2019February 21, 2019 - by Sayoni

The Department for Promotion of Industry and Internal Trade (DPIIT) has launched the second edition of Startup Ranking for 2019. DPIIT is responsible for formulation and implementation of promotional and …

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