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Indian economic growth | Red hot India economy | GDP growth | Purchasing Power Parity
Big Bang GST Changes Will Be Announced Before Budget; Rate Cuts Likely!
Goods and Services Tax or GST can undergo some big changes before budget announcement, and we are already receiving vibes that 2018 shall be different. Some important changes in GST filing rules are expected, besides tax rate cut across…
Relax! Free Banking Services Are Not Going To End On 20th January 2018
After several credible and traditional news publications had shared reports that free banking services in public sector banks shall cease to exist after 20th January 2018, the Indian Banks’ Association (IBA) has clarified that no such thing…
Govt. Has Stopped Minting New Coins; Encouraging Digital Ecosystem?
Most probably for the 1st time in the history of modern India, the Govt. has stopped minting new coins of Re 1, Rs 2 and Rs 5. Coins have had an important role to play in the overall economy of any country, but it seems that now, the role…
Indian Banking Apps Hit By Malware; Hackers Are Stealing User Data!
Internet and cybersecurity firm Quick Heal's Security Labs has announced that the company has identified an Android Banking Trojan imitating more than 232 banking mobile apps around the world. It includes major Indian banks apps from SBI,…
RBI Order All Banks To Immediately Dispense Rs 200 Currency Notes Via ATMs!
It has been quite a while since Rs 200 currency note has been officially launched by the RBI. But strangely, currencies of Rs 200 are still not available at 90% of the ATMs. Those who are withdrawing money from the bank branch may get few…
SBI’s Base Rate Reduced by 30 BPS; Bandhan Bank Will Launch Biggest Banking IPO!
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…
No Charge On Debit Card Transactions Up To Rs 2000; 2 Reasons Why This Was Needed!
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…
GST Collections Hit Lowest Mark Till Date; 3 Financial Side-Effects Which Can Occur Now!
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.
Where Are Rs 2000 Currency Notes? SBI Report Claims RBI Is ‘Holding Back’ Notes!
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.
Now You Can Opt For Monthly Or Quarterly GST Returns; Govt. Will Use BI, Analytics To Stop Tax…
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.
Cashless Push: MDR Removed For Debit Card Transactions Upto Rs 2000 Till 2 years!
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.
Paytm Payments Bank Massive Offline Push: 1 Lakh ATMs & Rs 3000 Crore Investments!
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'.
Exploring Opportunities in Mobile Payments: Where Do We Stand?
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.
Indian Economy Picks Up Pace With A 6.5% Growth; GST & Demonetization Blues Wear Off!
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!
Now Pay Less For FMCG; GST On White Goods To Be Reduced!
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
India’s Credit Rating Upgraded For The 1st Time in 14 Years! Moody’s Backs PM…
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
GST For Restaurants Is 5% From Today; But Wait.. Eating Out Can Become More Expensive!
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
SBI Employee Base Has Reduced By 10,500 In Last 6 Months! Too Many Retirements?
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?
Traders Body Claim Mental Torture Due To GST Glitches; May Sue Infosys For The Troubles
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.
GST Council Removes 177 items From 28% Slab; Â Accepts Rs 20,000 Cr Loss!
The powerful GST Council met today in Guwahati, and have removed 177 of the 227 items placed in the 28% slab. Now, only 50 items remain in the highest slab.