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Category Archives: Economic

Markets open on a negative note

  Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE after opening at 29,341.41 points, touched a high of 29,341.41 and a low of 29,263.74 points. On Tuesday the Sensex closed at 29,485.45 points. The Sensex is trading at 29,307.33…

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Tokyo shares tumble over Trump policy, Pyongyang missile launch

  Tokyo: Tokyo shares tumbled on Wednesday on concerns over implementation of US President Donald Trump’s economic policies and reports on North Korean missile launches. The 225-issue Nikkei Stock Average shed 390.51 points, or 2.01 per cent, from Tuesday to 19,065.37, Xinhua news agency reported. The broader Topix index of all First Section issues on the…

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Hoping to implement GST from July 1: Jaitley

  New Delhi: Finance Minister Arun Jaitley said on Wednesday that the government was hoping to implement the Goods and Services Tax (GST) by July 1 after the enabling Bills get Parliament’s nod in the current budget session. “GST is the biggest reform in India. Hopefully, GST will be implemented by July 1. GST Bills will…

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SBI awaits Bharatiya Mahila Bank merger date

New Delhi:  A day after the Centre approved the merger of Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI), the public lender on Tuesday said the effective date of implementation will come from the government. “As per the Finance Ministry, the merger of BMB with SBI has been approved. We are awaiting…

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Jaitley moves Finance Bill 2017 for passage in Lok Sabha

New Delhi:  Finance Minister Arun Jaitley on Tuesday moved the Finance Bill, 2017, for consideration and passage in the Lok Sabha, saying that since it provides for electoral bonds, it required consideration as a Money Bill, which can only be debated in the Lower House. A Finance Bill is ordinarily introduced to give effect to…

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Bimstec security chiefs discuss security challenges

New Delhi:  In a bid to enhance cooperation in countering security challenges, the national security chiefs of the Bimstec countries held their first meeting here on Tuesday. “Strengthening cooperation to counter security challenges,” External Affairs Ministry spokesperson Gopal Baglay tweeted. “First Meeting of National Security Chiefs of Bimstec countries held in New Delhi today,” he…

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Digital transactions recede, threaten ‘Digital India’

The value of digital transactions nationwide declined marginally (1.5 per cent) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion), according to representative data (provisional) on electronic payments released by the Reserve Bank of India (RBI). The data do not cover all transactions across…

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Cabinet approves four GST Bills 

Forever News New Delhi, March 20, 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following four GST related bills: The Central Goods and Services Tax Bill 2017 (The CGST Bill) The Integrated Goods and Services Tax Bill 2017 (The IGST Bill) The Union Territory Goods and Services Tax…

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