The department has till now made a gross collection of Rs 6.63 lakh crore in the direct taxes kitty this fiscal, which is 16.4 per cent higher than the gross collections for the corresponding period of last year.

Today, Finance Minister Arun Jately in a Facebook post described the note ban as a \"key step in a chain of important decisions taken by the government to formalize the economy\".

Analysis of some of the financial indicators across the time horizon of 3 years (FY16 to FY18) to study the impact of demonitisation.

While Nirav Modi and the Rotomac scams have shaken up the Indian banking system, the corporate in the country, at least the mid and small size companies, are feeling the pinch as the banks are not only re-verifying loan approvals but delaying disbursal.

\"I rather build something great, deliver it on time, make it a success. That is much more important than arbitrarily saying I need to be in this town because that is the only town that matters,\" said Donald Trump Jr. talking to Business Today.

As the Nirav Modi defraud case is unfolding to wider proportions, a look at the trade in diamonds, the world's hardest and most precious stones, reveal all may not be well and shining in that industry.

Come 2019, the numbers of millennials will begin to diminish and the number of Gen X consumers will actually be on the rise

It's well known that demonetization of the currency last year had led to a sharp rise in digital transactions.

The new rich prefer the discreet; they also love an experience.

In its annual report, the Central bank said that after demonetization, close to 99 per cent currency was back in the banks, leaving out only Rs 16,050 in black cash that had been weeded out.    

After paying tribute to the parliamentarian and former Union minister E Ahamed, finance minister Arun Jaitley tables the Union Budget 2017 as scheduled. Catch all the live updates here.

The post demonitisation noise emanating from the corridors of power surely points to a certain keenness of government to move the direction of the economy to a digital or less cash economy.

The demonitisation undertaken in India will have a \"significant impact\" on consumer spending in the short term but the countrys economy will return to the about 7.6-7.7 per cent growth forecast by a flagship UN report, a senior economic official said.

Start-ups go for drastic cost cuts as fund raising gets tougher.

Buy the yellow metal at dips or as a long-term investment option, besides keeping a close watch on global factors.

\"There might be liquidity concerns in the near term, but the long-term outlook for realty is positive\"

Many Indians who are traveling, studying and residing abroad have also been hit by the government's move to demonetise Rs 500 and Rs 1,000 notes.

\"Current Account Deficit (CAD) is below $50 billion. Foreign exchange reserves are (at) all-time high. We have very strong fundamentals...I don't think that there is any cause of worry,\" Economic Affairs Secretary Arvind Mayaram said.