Business/Economy
Some good, some bad news for the economy - Shivaji Sarkar, Pioneer
The world economy is in turmoil as crude oil prices touched a new-high since 2014 in the wake of America’s rejection of the Iran nuclear deal. Rupee suffered yet another blow to plunge a new low against a surging dollar — a phenomenon that has occurred for the 11th time since 1983. Inflation too is expected to rise further.
India’s economic prowess and IMF forecast - Sudhir Hindwan, Pioneer
The recent International Monetary Fund (IMF) forecast showing a promising growth of India varying between 7.4 per cent and 7.8 per cent for 2018-19 and 2019-2020 respectively augurs well for the country. Earlier, the World Bank’s Global Economic Prospective Report indicating India’s expected growth of 7.3 per cent came as good omen. The predictions are very important against the background of persistent economic global depression.
Walmart nears Flipkart deal, Amazon push fails - Times of India
Walmart is finalising a deal to acquire majority stake in Flipkart even as its largest shareholder, Soft-Bank, has been willing to invest about $4 billon afresh into the Indian e-commerce leader if it pursued an alternate merger with arch-rival Amazon, sources close to the matter told TOI.
Idea-Vodafone deal may hit Infratel revenues - Economic Times
The upcoming Idea Cellular-Vodafone India merger may put as much as 14 per cent of telecom tower company Bharti Infratel’s tenancies and revenue at risk if duplication of all their base stations is removed, analysts said.
Income tax department wants to know a little bit more about you - Economic Times
The income tax department wants more information from you about your finances and business. The new income-tax return forms released by the Central Board of Direct Taxes (CBDT) for filing returns for the financial year 2017-18 have several new columns. These new forms for various categories of taxpayers are Sahaj (ITR1) , Form ITR-2, Form ITR-3, Form Sugam -ITR-4, Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V.
New visions in Make in India - Hima Bindu Kota, Pioneer
The news shared by the Indian Cellular Association (ICA) about India replacing Vietnam to become the world’s second largest mobile phone producer in the world in 2017 by accounting for 11 per cent of the global mobile production — up from three per cent in 2014 — may just be the beginning of new and exciting trends in India’s growth as a manufacturing hub.
PNB scam: Why it's time to change the way fraud cases are handled in India - Economic Times
At the tip of Worli, just a block away from India’s western watermargin, the Samudra Mahal luxury condominium stands out for its understated grandeur and unobtrusive opulence. In this tony Mumbai neighbourhood of gravity-defying property prices, Samudra Mahal keeps company with Madhuli, another block of ritzy flats offering a spectacular view of the Arabian Sea.
Telecom war takes heavy toll on govt earnings - Pankaj Doval, Times of India
The bloodbath in the telecom sector has badly impacted the government’s earnings, with revenue of the industry taking a major hit. As Reliance Jio unleashed a wave of highly-competitive pricing after its launch in September 2016, the industry’s revenue and profitability came under pressure. Companies such as Bharti Airtel, Vodafone and Idea Cellular had to lower tariffs to match the new-entrant.
Tackle regional disparity in FDI - Hima Bindu Kota, Pioneer
There has been a staggering growth in foreign direct investment (FDI) under the Narendra Modi Government over the last three years, from $45.15 billion in 2014-15 to $60.08 billion in 2016-17 (see graph 1), an all-time high, due to the sustained easing of more than 80 FDI rules spread across 21 sectors to accelerate economic growth and enhance employment.
Growth engine gets twin boost from IIP, CPI data - Economic Times
India’s industrial growth accelerated in January while inflation eased for the second month running in February, providing a twin boost to the economy and suggesting overall economic growth could accelerate further from the five-quarter high recorded in the October-December period.
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