ECONOMY

Tag Archives: it

Chennai man arrested for receiving
19.07.17 - TEAM PT

It's not just sending a message that may land you in trouble nowadays. Even receiving a message on WhatsApp makes you vulnerable. Tadikala Akabar Saleem was last week arrested and charged with sedition at the Chennai airport where he had gone to pick up a ...
  


Fine, Mr Urjit Patel! Now, What is your take on corporate loan waivers and tax concessions?
12.04.17 - Devinder Sharma

This smacks of double standards. Soon after Uttar Pardesh Chief Minister Yogi Adityanath announced a Rs 36,359-crore farm loan waiver, benefitting more than 95 lakh small and marginal farmers, the Reserve Bank of India governor Urjit Patel has lamented that any such move ‘undermines honest ...
  


Now Cash transaction limit to be slashed to Rs2 lakh
21.03.17 - TEAM PT

The Narendra Modi government today moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of the earlier sanctioned Rs 3 lakh.
 
In the government's annual budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three ...
  


HDFC Bank's Aditya Puri says Paytm has doubtful business model, no future
17.02.17 - team pt

Hiiting out at digital wallets, Aditya Puri, MD, HDFC Bank on Friday said that he sees no future in digital wallets! He further said that Paytm cannot be Alibaba as the government doesn’t allow replication of model. In a conversation with ET Now Puri told ...
  


WhatsApp tightens security, rolls out two-step verification
10.02.17 - TEAM PT

To dispel all doubts on security of chat messages on its platforms, WhatsApp has rolled out a two-step verification mechanism for all iOS, Android and Windows Phones.
 
A two-step verification, which has already been adopted by companies like Twitter, Instagram, Apple, LinkedIn, Google, and Microsoft, adds ...
  


Biggest seizure since Nov 8; I-T officials seize Rs 5.7 crore in new currency notes in Bengaluru
02.12.16 - TEAM PT

In the biggest single cash seizure of the new currency, an Income Tax raid on the premises of two engineers and two contractors in Bengaluru found a whopping Rs 5.7 crore of cash, all in the recently-introduced Rs 2000 notes.

The Income Tax department said it ...
  


Govt. Employees Get 24% Raise; 7th Pay Commission's Views Accepted
29.06.16 - Team PT

Salaries and pensions for former and current central government employees will go up by nearly 24 percent retroactively from the start of this year. 
 
In a bonanza for over 1 crore government employees and pensioners, the Cabinet on Wednesday approved implementation of the 7th Pay Commission, ...
  


Jaitley stays firm against Jewellers
10.04.16 - pt team

Refusing to relent on excise duty levy on non-silver jewellery goods, Finance Minister Arun Jaitley today said a "luxury item" cannot remain out of tax ambit when taxes need to be paid on many essentials.

A large section of jewellers and bullion traders have been on ...
  


Tobacco Companies Shut Factories; Opposing Cigarette Larger Pictorial Warnings
01.04.16 -

Major cigarette manufacturers including ITC, Godfrey Philips and VST have decided to shut all their factories and stop manufacturing with effect from today in the wake of larger pictorial warnings covering 85 per cent of the packaging space coming into force. 

The companies, which are members ...
  


Silicon Valley's hopes on India
20.03.16 - Shashank Bengali*

In a crowded convention hall, young entrepreneurs practically shouted their ideas: an online marketplace for yoga instructors, an app to share songs in 30-second snippets, a mobile lunch delivery service aimed at office workers.

For any veteran of the go-go era in Silicon Valley, the buzz ...
  


Rollback time : Controversial EPF Tax Proposal Withdrawn, Says Government
08.03.16 -

Facing all around attack, Finance Minister Arun Jaitley on Tuesday withdrew his Budget proposal to tax employees' provident fund (EPF) at withdrawal.
 
"In view of representations received, the government would like to do a comprehensive review of this proposal and therefore I withdraw the proposal," Jaitley ...
  


Mr. Jaitley, Allow the Flow of Money and Let the Economy Bloom.
06.03.16 - preet k s bedi

Dear Mr. Jaitley
 
When you are in the opposition everything lofty sounds like a great objective for the government to achieve. Impossible is possible as long as someone else has to do it. But when in government, you need to deliver more than moral grandstanding. 
 
Your inconsistencies ...
  



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