The income tax department irregularly allowed deduction to assessees in 33 cases across 13 states in respect of infrastructure developed by joint venture formed by collaboration with foreign companies, undertakings owned by association of pe
The Reserve Bank of India (RBI) on Wednesday doubled the balance that can be kept in prepaid wallets and cards to Rs 20,000. Also, merchants can transfer up to Rs 50,000 per month from these so-called semi-closed prepaid payment instruments
At a time, when the country was in the middle of a deep economic crisis and was facing internal insurgency, PV Narasimha Rao, the first ‘accidental’ prime minister, not only restored political stability but also pushed through the econ
It is quite common for businesses to face bloodletting due to disputes and no one wants to get caught in the tangled and protracted web of court litigation. With some of the largest corporates in the world being headquartered in Mumbai, their prim
In order to promote digital transactions through the USSD channel, the telecom regulatory authority of India (TRAI) has waived off the transaction cost from Rs 1.50 to Rs 0.5 paisa per session. The new rates will be effective from
“It is not necessary to have re-introduction of Rs 1,000 when there is already a Rs 2,000 rupee and Rs 500 rupee new note. There is no as such compelling reason but as far as it is logical or not, it is difficult to say right her
By far the most sweeping change in currency policy that has occurred anywhere in the world in decades: that’s what former US treasury secretary and Harvard economist Lawrence H Summers along with PhD candidate Natasha Sarin say in a blog pos
In what could be seen as a direct impact of demonetization on the transport sector, huge inventories have piled up at Gas Authority of India Limited’s (GAIL) petrochemicals facilities as hundreds of trucks continue to remain off roads.
The country’s largest electricity generation station, National Thermal Power Corporation’s (NTPC) Vindhyachal power plant in Madhya Pradesh, has bagged the IPMA International Project Excellence’s Silver Award. In
Murugammal, 45, has an unhealthy pale appearance. She has no money to go and get her further medical tests done. She goes inside her thatched hut to fetch an X-ray report. “I just had Rs 1,000, which I had spent on getting X-ray done from me
Demonetisation is not the way to tackle black economy and it will in fact affect the white economy, believes Arun Kumar, a former professor of economics at the Jawaharlal Nehru University (JNU) who has authored The Black Economy in India (Pe
Rema Devi of class 6 reaches her school in Nagayalanka block in Krishna district of Andhra Pradesh (AP) at around 9 in the morning. At 7 pm she continues to be in school. Her legs ache. She has been sitting in her chair reading and writing, or pre
It is high time the authorities woke up to the “pathetic, gruelling conditions” that bank employees are being subjected following the move to scrap Rs 500 and Rs 1,000 currency notes, said Harvinder Singh, general secretary of All Indi
Till the mid-1990s, Kota’s air was fragrant. The scent emanated from trees of neem, mango and guava, rose bushes and vines of chameli, mogra, and raat ki rani – varieties of jasmine – that grew in plenty in this Rajasthan city. L
The world’s first malaria vaccine will be rolled out in pilot settings in 2018, the results of which would give an indication of whether they can be deployed on a wider scale, the World Health Organisation confirmed on Friday.
You have read (or heard or seen) countless analyses, points-counterpoints, theories-conspiracy theories and allegations-counter-allegations on the historic move to ban high-denomination currency notes. On TV and web, in print and on social media s
“I was branch manager at the SBI branch in Meerut. Rs 1,000 was a very big amount those days and Rs 500 denomination currency did not exist. The target group at that time were only rich people who were holding unaccounted money and com
“Our farmers have been modifying their crops for centuries through the method of conventional breeding. But here we have not modified but *genetically engineered* the mustard parental lines and hybrid in a manner which gives a 20-30% h
It may not be wrong to say that a major part of the black money arises from corruption, and that it is usually the downtrodden who is affected the most. A book published in 2011 by economists Bibek Debroy and Laveesh Bhandari titled
“There is a prerequisite for change in the attitude of people which should begin from the families of the differently abled people. It will help them build self-confidence and help them achieve whatever they want,” said author an
