Free Press Journal
  • India cash crunch updates: ‘Notes of Rs 2000 amounting to Rs 7 lakh crore have gone out of supply’

    Two years after Prime Minister Narendra Modi announced demonetisation, a cash crunch has been reported in several states of India, including Karnataka, Andhra Pradesh, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh. Many people are tweeting about the non-availability of cash at ATMs. Madhya Pradesh Finance Minister, Jayant Kumar said, “It is true that the notes of Rs 2000 which amounts to a currency of 7 lakh crore have gone out of supply leading to

  • Firms to see dip in revenue growth, low margins in Q4

    Mumbai: India Inc’s revenue growth will slow down to 9 per cent in the January to March period on base effects, while the profit margins will shrink to a 12-quarter low of 18.6 per cent, a report said on Monday.

  • Indore: File ITR by March 31 to avoid prosecution

    Indore: For those who made bulk cash deposit during demonetisation (income from unknown source), March 31 is the last date for filing income tax return (ITR) of financial year 2015-16 and 2016-17. Within the deadline, the depositors can pay a tax at the rate of 77.25 per cent to get rid of their I-T liabilities or else they are sure to pay the tax @ 83.25 per cent, face prosecution or even

  • DeMo went down well with rural India: Narayana Murthy

    Kolkata : Infosys co-founder N R Narayana Murthy on Wednesday said urban intellectuals did not buy the idea of demonetisation that the government implemented in 2016, but it did go down well with a majority of rural Indians.

  • mumbai, eight developers, Maharashtra, RERA, MahaRERA, RERA norms, RERA

    Build and sell: Changing dynamics of real estate business 

    Following the key reforms of demonetisation, Real Estate Regulation & Development Act (RERA) and Goods and Services Tax (GST), coupled with enabling policy initiatives, the real estate sector is looking at new business models that are set to change its very dynamics.

  • Indore: 6 city firms under scanner for depositing bulk cash during DeMo

    Indore: Income tax department has started cracking whip on the people who deposited a bulk amount of currency in banks during demonetisation last year and did not pay the due income tax.
    As many as six such firms based in city came on the radar of the department when it started a survey action against them on Monday.

  • India’s GDP growth isn’t as good as it seems

    In the recently tabled Economic Survey 2018, the government noted that “A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7 to 7.5 percent in 2018-19, thereby re-instating India as the world’s fastest growing major economy.”

  • Rahul Gandhi attacks PM Modi in Karnataka, tells people don’t trust those making false promises

    Bengaluru: Congress president Rahul Gandhi on Saturday hit out at the Prime Minister Narendra Modi-led Central government over a slew of issues, including Rafale deal, demonetisation, Goods and Service Tax (GST), unemployment and others. Addressing a rally at Hospete in Karnataka, Rahul asked the gathering to not trust the NDA government, who make false promises and give false hope.

  • Will Budget grant relief?

    This is a good budget. The finance minister has raised monies from three sources. One, the number of income taxpayers has increased subsequent to demonetisation and introduction of GST. Two, receipts from the sale of Government shareholding in Public Sector Undertakings are buoyant. Three, higher customs duty and surcharge will lead to increased receipts. These monies will be substantially used for higher investment in infrastructure — highways, rural roads, Wi-Fi in small

  • Mumbai: Questions raised over New Rs 500 currency

    Mumbai: Two separate incidents of different Rs 500 notes have not only got people alarmed, but have also fuelled suspicion in their minds of the notes being fake, again.

  • ‘Growth slowed due to demonetisation’

    Davos : Former RBI Governor Raghuram Rajan feels a substantial part of the growth slowdown in India was because of the after effects of the demonetisation decision of November, 2016.

  • Indore: I-T search on firm which deposited Rs 25 crore cash during not ban

    Indore: Under the ongoing crackdown on money launderers, especially those who deposited large amount of cash during the demonetisation last year, income tax department sleuths of the investigation wing carried out a search action against a know business firm based out of Khandwa on Tuesday.