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NRI deposits in Kerala increase by 12% in 2016-17

NRI deposits in Kerala increase by 12% in 2016-17

The inflow of NRI deposits to Kerala increased by 12 per cent during 2016-17 and stood at Rs 1,52,348 crore as March 2017. Total NRI deposits in public sector banks…

Crypto-currencies not legal, will eliminate their use: Minister

Crypto-currencies not legal, will eliminate their use: Minister

Finance Minister Arun Jaitley said all crypto currencies, which include bitcoins, are illegal and the government will take all measures to eliminate their use. He, however, said the government will…

India is 6th wealthiest nation: Report

India is 6th wealthiest nation: Report

India has been ranked sixth in the list of wealthiest countries with total wealth of $8,230 billion, while the United States topped the chart, says a report. According to a…

Hyundai to pump in USD 1 bn in India by 2020

Hyundai to pump in USD 1 bn in India by 2020

South Korean auto major Hyundai plans to invest over USD 1 billion (around Rs 6,300 crore) in India in the next three years on new products, development of powertrain and…

9 electoral trusts donated Rs 637.54 cr to parties in 4 yrs

9 electoral trusts donated Rs 637.54 cr to parties in 4 yrs

Nine electoral trusts have donated Rs 637.54 crore to political parties between 2013-14 and 2016-17, with the BJP receiving Rs 488.94 crore and the Congress Rs 86.65 crore, a report…

GST collections rise to Rs 86,703 cr in December

GST collections rise to Rs 86,703 cr in December

Halting two months of decline, the GST collections gathered momentum in December, rising to Rs 86,703 crore. “Total revenue Collections under GST for the month of December 2017 (received in…

‘Name and shame’ has helped improve states’ business rankings: Amitabh Kant

‘Name and shame’ has helped improve states’ business rankings: Amitabh Kant

Niti Aayog CEO Amitabh Kant said some states have improved in terms of ease of doing business after they were ranked very low on an index, as he credited the…

Govt to infuse over Rs 88,000 cr in 20 public sector banks

Govt to infuse over Rs 88,000 cr in 20 public sector banks

The government announced Rs 88,139 crore capital infusion in 20 public sector banks (PSBs) during the current fiscal, with IDBI Bank getting the most — Rs 10,610 crore. Finance Minister…

Increase tax exemption limit to Rs 3 lakh, says SBI report

Increase tax exemption limit to Rs 3 lakh, says SBI report

With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said.…

India’s richest 1% corner 73% of wealth generation: Survey

India’s richest 1% corner 73% of wealth generation: Survey

The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed, presenting a worrying picture of rising…