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economy
Indian economic growth | Red hot India economy | GDP growth | Purchasing Power Parity
GST Collects Rs 92,283 Crores In 1st Month; Beats Predictions and Exceeds Targets
Total of Rs 92,283 crore has been collected via GST by the Income Tax Department has beaten all predictions and exceeded all expectations.
New Rs 1000 Currency Note Is Coming With Enhanced Security Features! (Updated)
New Rs 1000 Note is being introduced in the economy, with enhanced security features, in order to fill the large gap between Rs 500 and Rs 2000
Govt. Set To Introduce New Rs. 200 Currency Notes; New Rs. 50 Makes An Appearance Online
For the first time in history of India, currency denomination of New Rs. 200 Currency Notes is going to be introduced, confirmed by Ministry of Finance.
Indian Govt. Imposes Anti-Dumping Duty On 93 Chinese Products; Counters China’s Aggression
Duty has been imposed on: chemicals and petrochemicals, products of steel and other metals, fibres and yarn, machinery items, rubber or plastic products, electric and electronic items and consumer goods.
Are Service Exporters Required To Pay Tax Under GST? The Mystery Deepens…
Companies as well as freelancers who offer their services outside, are termed as Service Exporters. Since they are not required to register under GST, are they exempt?
Can Unified Payments Interface (UPI) Win the Digital War for Smaller Indian Banks?
Digital payments solutions such as Unified Payments Interface (UPI), National Unified USSD Platform (NUUP), and Aadhar for identity and eKYC have the power to attract customers towards digital banking platforms.
Woah! IT Dept Will Now Dig Your Facebook, Instagram Posts To Gain Income Data!
Be very careful on what you put on Social Media sites because Income Tax Department will now go through your Facebook, Instagram and other posts to find out your income based on what you post.
Bye Bye Rs 2000 Note? RBI Has Stopped Printing Rs 2000 Notes, Rs 200 Currency Note Now The Focus
Reserve Bank of India has almost stopped the printing of Rs 2000 currency notes, as the primary focus has shifted to printing of Rs 200 notes, and circulating them
GST Being Exploited? 77% Of Consumers Paid GST On MRP; Retailers Forcing Consumers To Pay Double…
Consumers rights are being blatantly violated, and exploited by retailers in India, under the new GST regime. Thousands of consumers have lodged protests, stating that some retailers are charging GST on the Maximum Retail Price (MRP) of…
Uber, Amazon To Integrate UPI Soon! WhatsApp Gets NPCI Approval To Enable In-App Payments
Hike Messenger was India’s first messenger app to integrate UPI on its app, and soon we heard about WhatsApp looking to get approval from National Payments Corporation of India to allow in-app payments. UPI payments are extremely…
No GST On Gifts Up To Rs 50,000 Given By Employers; Businesses Need To Display GSTIN On Signboards!
Under the GST regime, there was some confusion on the aspect of gifts and perks, given by an employer to an employee, which is part of Cost To Company (CTC), and maybe subjected to performance.
Clearing doubts, Govt. has issued…
Zero Liability For Customers in Case of Fraud Online Transactions, Except For Customer Negligence
Twice in the 2 months, Reserve Bank of India (RBI) has taken a proactive approach in dealing with fraud bank transactions via online medium.
On June 1st, RBI had declared that Rs 5000 shall be the maximum liability for consumers in…
GST Implementation Enables Removal Of Checkposts Across 22 States; Rs 10,000 Crore Would Be Now…
After Goods and Services Tax (GST) was implemented pan-India effective July 1st, a wave of reforms and improvements have been witnessed across various sectors.
Although several of long-term benefits will take time to emerge, one…
UPI Breaches 1 Crore Transaction/Month Mark – Can UPI Beat Card Based Payments?
United Payments Interface (UPI), the brainchild of National Payments Corp. of India (NPCI) is now processing more than 1 crore transactions per month.
This is a major milestone for UPI because, after its launch in April last year,…
8 Indirect Taxes That Are Not Covered Under GST!
The four-day-old GST Nation might be struggling with the new taxes and rules, but here are a few things that you need to know.
The Prime Minister may have announced the ‘One Nation One Tax’ propaganda, but there are still a number of…
Reliance Jio Launches JioGST App; Offers JioFi & 12 Month Data Free!
Mukesh Ambani-led Reliance Jio has launched JioGST, which is mobile first GST starter kit for small businesses in order to manage their GST related filings.
Priced at Rs 1,999, this starter kit from Jio contains software and hardware…
7 Major GST Myths Busted; Here Is How Indian Companies Are Faring On Day #3 Of GST Regime
GST regime is now live across India, and as expected, there are loads of confusion and myths related to the new tax structure across India.
Sensing the need and understanding the confusion ensuing all around, Revenue Secretary…
Rs. 200 Currency Note Coming Soon; 4 Things You Need To Know About It
Govt. of India has confirmed that Rs 200 currency note is, in fact, a reality, and indications are strong that the currency will hit the market very soon.
As per confirmed reports coming in, it has been revealed that printing of Rs…
Internet Banking – 10 Things You Should Strictly Avoid
Internet Banking has always been an important part of our daily lives. Being easy alternative to card payments and e-wallets, net banking makes online transactions really easy. At present, Internet banking is the best and safest online…
GST Expected To Add 1 Lakh Jobs; But Why Retailers Are Refusing To Buy Fresh Stock From Companies?
There is finally some good news, related with job creation in India.
As per initial vibes received by recruitment agencies and Staffing agencies, it seems that GST can be a trigger to create more jobs in the coming days.
As per…