Indian economic growth | Red hot India economy | GDP growth | Purchasing Power Parity
At the start of the new year, India’s largest public sector bank: State Bank of India has announced a reduction in base rates, which will benefit home loan borrowers all over the country. Around 80 lakh SBI customers will now pay less for…
Govt. of India’s big push for a cashless economy has started with a bang in 2018! In a decision which can be treated as a new year gift for digital evangelists, Govt. has announced the rollout of zero-fee charge for all debit card…
One of the stingiest and meanest attacks against cryptocurrencies and virtual currencies like Bitcoin has just been unleashed by the Govt. of India. In a press release, which should act as an advisory, Govt. has described as forms of…
Goods and Services Tax or GST collection in India have reached the lowest point till date. This is an alarming news, and Govt. officials are right now huddling together, to seek out ways to stop this race to the bottom.
India has a population of 126 crores, but it seems a majority of them are not at all interested to pay income taxes. In a shocking revelation, it has been found that only 1.7% or 2 crore Indians paid any form of Income Tax in the assessment…
If we believe SBI report on the matter, then RBI has held back around Rs 2.4 lakh crore worth of Rs 2000 currencies, as smaller denominations of Rs 500 and Rs 100 have been flooded in the market.
Under GST reforms, a major step has been taken which will further ease the burden of GST returns filing, and encourage more taxpayers to embrace GST.
High Net Worth Indians will be served with Income Tax Notice if they have not declared their investments in bitcoins to the Income Tax department.
Police have busted a Bitcoin Ponzi Scheme worth Rs. 50 Crores & also shutdown fraudsters who's looted 50 lakh from people online with the lure of Lucky Draw
To encourage more cashless transactions, Govt. of India has removed MDR for all transactions upto Rs 2000, made via debit cards & UPI for the next 2 years.
For the first time in India, Income Tax Dept. carried out mass raids across 9 bitcoin exchanges, with the sole aim of investigating possible tax evasion.
A 30% capital gains tax can be mandated on all bitcoins profits, if they are held for less than 3 years, & 20% tax, if they are held for more than 3 years.
Paytm Payments Bank has revealed their aggressive plans for the next three years: Investment of Rs 3000 crore, and opening 1 lakh ATMs under 'Paytm ka ATM'.
Mobile payments is still in its early stages, in India & on a global level. While there is widespread awareness, the actual usage numbers are disappointing.
As per latest data, Indian economy has beaten all predictions and doomsday conspiracies & shaken off GST and Demonetisation blues to record a 6.5% growth!
Government has now ordered all FMCG companies to revise their MRPs, with immediate effect as GST on white goods is all set to come down soon to the 28% slab
Moody’s have upgraded India's credit rating for 1st time in 14 years & have credited the ongoing economic reforms initiated by the present Government for it
Even though GST for hotels & restaurants has been reduced, 3-4% of income of hotels & restaurants came via Input Tax Credit, which has been withdrawn
In the last 6 months, between Apr & Sept, 2017, SBI Employee Base has reduced by 10,500 as employees have retired. Are there too many retirements happening?
Confederation of All India Traders (CAIT,) a powerful lobby of traders and SMEs from all across country, has directly blamed Infosys for all GST glitches.