Tag: Economy

GST to reduce tax burden: Urjit Patel

On Thursday, the Reserve Bank Governor Urjit Patel said that to be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term. “The prudent point is that GST itself[Read More…]

Only 66% of IIT graduates got placed in 2016-17

According to data made available by IITs to the human resource development (HRD) ministry, one out of three IITians graduating this year either didn’t find a suitable job or couldn’t get a suitable job through college placement. Clearly pointing at the trend of unemployment, only 66% student who appeared for[Read More…]

Bitcoin soars to an all-time high

Bitcoin towered an all-time high above $1,400 on Tuesday which is technically more than triple of its value over the past year. This comes alongside the recent rise in demand for the service in Japan, where the digital currency has been considered a legitimate means of payment. Bitcoin rose around[Read More…]

NSE tests E-voting solution for listed companies

Sensex, Nifty hit record high; rupee strengthens

India’s benchmark BSE Sensex on Wednesday shot up by over 128 points to 30,071.61 and Nifty scaled 9,343.15- both record high- in opening trades. High Foreign fund inflows and sustained buying by retail investors are the main reasons for the record high. The 30-share BSE Sensex rose as much as[Read More…]

'Good monsoon for central region, low in east, northeast and south'

India will see normal monsoon this year: IMD

Monsoon will be normal this year, predicted the Indian Meteorological Department (IMD) on Tuesday. The development comes despite lingering likelihoods of the unruly El Nino weather pattern that led to consecutive drought in 2014 and 2015. “India is in for a normal monsoon which will be good for agriculture and[Read More…]

Watch: Tribute to Indian farmers

Agriculture is the backbone of Indian economy.  Farmers contribute about 16% of the total GDP. Farmers, who work day and night to feed the nation, are the real warriors. Unfortunately, their trials and tribulations remain largely unattended. According to a report by National Crime Reports Bureau, farmers suicide account for[Read More…]

Renowned economist Kenneth Arrow dies at 95

The youngest winner of a Nobel prize for economics, Kenneth J. Arrow, passed away. He was 95, died on Tuesday at his home in Palo Alto, San Francisco. His theories on risk, innovation and the basic mathematics of markets have influenced thinking on everything from voting to health insurance to[Read More…]

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