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Data

India tops domestic air traffic demand at 16.4 pc in November: IATA

“The airline industry is in a good place entering 2018. November’s strong demand gives the industry momentum. The number of unique city-pair connections now tops 20,000. Passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper,” IATA’s Director General and CEO, Alexandre de Juniac said.

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Per capita income growth may fall 8.3% to Rs 1,11,782 in FY18

The growth of real Gross Value Added (GVA) in 2017-18 is anticipated at 6.1 per cent as against 6.6 per cent in the previous year.Economic activities were affected by demonetisation announced on November 8, 2016 and subsequent implementation of a new indirect tax regime (GST) from July 1 in the current financial year. 

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Mere 1.7% Indians paid income tax in AY 2015-16: Official data

As many as 1.84 crore returns were filed for payment of income tax of less than Rs 1.5 lakh or an average of Rs 24,000.Of the 4.07 crore tax returns field in AY 2015-16, close to 82 lakh showed zero or income less than Rs 2.5 lakh. Currently, no income tax is for income up to Rs 2.5 lakh.

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