The government has taken due cognizance in the matter of harassment of startups by Income Tax officials. Union Minister Suresh Prabhu tweeted later in the day that the Commerce and Industry Ministry “has taken up...

The American and European stock markets tumbled after Jerome Powell led the Federal Open Market Committee (FOMC) decided to raise interest rates for the fourth time this year. The Asian markets were also severely...

Indian media is well known for sensationalising issues. To attract more eyeballs, media organisations exaggerate everything and make sensational headlines. The print medium is relatively better but few websites and almost all the...

The Department of Industrial Policy and Promotion released its first-ever report on States’ Startup Ranking and Gujarat emerged as the top performer leaving behind Karnataka which is well known for its startup ecosystem....

IKEA, the Swedish furniture company signed a memorandum of understanding (MoU) with Uttar Pradesh government to set up an ‘integrated commercial project’ and open store in the state. The global furniture leader will...

The former chief economic advisor, Arvind Subramanian has argued that RBI holds excess reserve of 5.7-7.9 lakh crore rupees. In a paper published in India’s premier journal Economic and Political Weekly (EPW), Subramanian...

A policy document by the premier think tank to the Government of India, NITI Aayog aims to take the Indian economy to $4 trillion mark by 2022-23. Currently, India's GDP is somewhere between...

Modi government has decided to amend the Telegraph Act and Prevention of Money Laundering Act (PMLA) to allow private entities like banks and commerce payment systems to use Aadhar as a ‘Know your customer’...

Much hype is created about central government controlled public sector undertakings and their under-performance. This is primarily due to two reasons- the first being the fact that the so-called national media is based in...

The price of petrol is now lower than the January level given the continued decline in global crude oil prices. One litre of petrol costs 69.55 rupees in Delhi on December 28. The lowest...

There are signs that GST could be further rationalized to bring more than 99 percent of goods and services in 18 percent or lower tax slabs. As of now, there are 23 goods...