ECONOMY

Demonetisation: Why salaries in cash may soon be a thing of the past

December 21, 2016 | Aman Malik

The government could soon make it mandatory for employers of certain categories to pay their employees via cheques or direct bank account transfers.

Tax benefits in offing to boost cashless economy, says finance minister Jaitley

December 20, 2016 | Reuters

India will offer tax incentives to small businesses engaged in cashless transactions, finance minister Arun Jaitley told reporters on Tuesday, as part of the government's fight against the cash economy.

Four ways finance minister Jaitley can ease demonetisation pains

December 19, 2016 | Aman Malik

In just over a month from now, finance minister Arun Jaitley will present the annual union budget.

Planning to declare black money? Here’s how you will be taxed

December 16, 2016 | Aman Malik

On Friday, the government notified the new income disclosure scheme - the Pradhan Mantri Garib Kalyan Yojana (PMGKY), which comes into effect from Saturday.

In Charts: The curious case of falling SEZ exports from PM Modi’s home state Gujarat

December 16, 2016 | Keshav Sunkara

It was in 2005 that India passed the Special Economic Zones Act to set up the export-focused regions and boost the country’s outbound trade. There are now 208 operational SEZs in India across 16 states.

Why the US Fed’s rate hike is not good news for India

December 15, 2016 | Aman Malik

The US Federal Reserve on Wednesday raised interest rates in a widely expected decision and said it expects as many as three rate increases during 2017. 

In Charts: Is financial cybercrime really a big threat to India’s economy?

December 14, 2016 | Keshav Sunkara

Ever since India demonetised Rs 500 and Rs 1,000 notes, the government has been pushing the idea of a cashless economy.

Wholesale inflation dips to 3.15% in November as food prices fall

December 14, 2016 | PTI

Wholesale inflation eased for the third straight month as it fell to 3.15 per cent in November after subdued demand due to demonetisation led to softening of prices of vegetables and other kitchen staples. 

Oil prices surge, raises spectre of inflation

December 13, 2016 | PTI

World oil prices surged today after non-OPEC producers struck a deal to cut output, while Europe's main stock markets were subdued before a key Fed meeting due this week.

India industrial output contracts 1.9% in October

December 09, 2016 | PTI

Industrial output slipped into the negative territory again with a contraction of 1.9 per cent in October mainly due to sharp decline in production of capital goods and poor performance of manufacturing sector.

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