ECONOMY

Monthly Archives: AUGUST 2017


GDP growth hits three-year low of 5.7%
GST and Demonetisation After Effects
31.08.17 - TEAM PT

The economic growth of India slipped to a three-year low of 5.7 per cent in April-June as disruptions caused by demonetisation spilled over to the third straight quarter amid slowdown in manufacturing activities. According to the government data, the GDP had expanded by 6.1 per ...
  


Deadline for linking PAN with Aadhaar extended till Dec 31
Huge Relief
31.08.17 - TEAM PT

There is good news for taxpayers as the income tax department has extended the deadline to link PAN with Aadhaar by 4 months to December 31. The department had earlier said that tax returns filed without linking of Aadhaar and PAN would not be taken ...
  


Our Suicidal Short Sightedness
THINK THIS OVER
30.08.17 - sanehead

FLOODS IN MUMBAI during last three days (and devastating unprecedented floods due to Hurricane Harvey in Texas and Louisiana in the US at about the same time)
 
Floods in Barmer Sirohi and other parts of Rajasthan and Gujarat.
 
And of course floods in Bihar UP, Assam and ...
  


McDonald's to shut all 169 outlets in North and East India
THOUSANDS OF JOBS AT RISK
21.08.17 - TEAM PT

Fast food chain McDonald's India today said that it has terminated the franchise agreement for 169 fast-food outlets in North and East India run by Connaught Plaza Restaurant Ltd or CPRL.
 
McDonald's India had a 50:50 joint venture with CPRL, a company led by Vikram Bakshi. ...
  


RBI announces new Rs 50 currency note
18.08.17 - TEAM PT

The Reserve Bank of India (RBI) will now issue new bank notes of Rs 50 denomination.  The new notes are being made under the Mahatma Gandhi series.

They will also have the motif of 'Hampi with Chariot'.

The new fluorescent notes will bear the signature of RBI ...
  


Govt. blocks Internet Archive in India, makes it harder to catch liars on the web
No one knows why?
09.08.17 - team pt

The Indian government has blocked access to the internet archiving website known as the Wayback Machine, according to media reports and people attempting to access archived sites in India.

The Wayback Machine is run by a non-profit called the Internet Archive. It trawls through the internet ...
  


Cong. claims RBI printed different types of Rs 500 notes, calls it biggest scam of the century
Govt rejects it as 'frivolous'
08.08.17 - team pt

The Congress on Tuesday alleged that two different kinds of Rs 500 and Rs 2,000 notes were printed post demonetisation, "jeopardising the credibility" of Indian currency, and demanded that Prime Minister Narendra Modi clear the air on the issue.

The opposition party, which disrupted proceedings in ...
  



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