Mahua Venkatesh

Mahua Venkatesh

Mahua Venkatesh has been in the field for about 20 years now. She writes on economy, banking and finance.

Articles by Mahua Venkatesh
A consumer goods trader shows letters GST representing "Goods and Services Tax" (GST)at his shop in Hyderabad.(AFP File Photo)
A consumer goods trader shows letters GST representing "Goods and Services Tax" (GST)at his shop in Hyderabad.(AFP File Photo)

GST council may reconsider products under 28% slab, ease filing returns

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON OCT 06, 2017 10:26 AM IST
The glitch in the GST network portal, where all traders and businesses have to mandatorily file their returns, is one of the major challenges.
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People deposit discontinued notes at a bank in Guwahati on December 30, 2016. India pulled out old Rs 500 and Rs 1,000 notes from circulation in November last year.(AP)
People deposit discontinued notes at a bank in Guwahati on December 30, 2016. India pulled out old Rs 500 and Rs 1,000 notes from circulation in November last year.(AP)

Demonetisation: Bank employees, yet to be paid for overtime, threaten strike

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON OCT 04, 2017 11:59 PM IST
The government’s November 8 decision to scrap bank notes of Rs 500 and Rs 1,000 triggered a country-wide rush as millions ended up in banks to exchange their notes for legal tender
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RBI had announced in December that all currency notes will gradually be redesigned.(HT file photo)
RBI had announced in December that all currency notes will gradually be redesigned.(HT file photo)

New Rs 100 notes coming next year, printing to begin in April

By Mahua Venkatesh | Hindustan Times, New Delhi, New Delhi
UPDATED ON OCT 03, 2017 11:18 AM IST
RBI officials old notes will continue to be valid and will gradually be replaced without disrupting cash flow
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The uncertainty over tax rates and the problems faced by the businesses in filing returns could impact India’s ambition of climbing up on the ease of doing business index.(AFP File Photo)
The uncertainty over tax rates and the problems faced by the businesses in filing returns could impact India’s ambition of climbing up on the ease of doing business index.(AFP File Photo)

GST confusion could hit India’s quest to improve ease of doing business ranking

By Mahua Venkatesh | Hindustan Times, Nw Delhi
PUBLISHED ON SEP 23, 2017 09:31 PM IST
With a ranking of 130 out of 190 countries, India is still adrift of its target to be among the top 50 countries in relation to the ease of doing business.
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People are reflected on the glass of a framed photograph of Bhimrao Ambedkar, as they visit a memorial dedicated to him, on his birth anniversary in Mumbai on April 14, 2016.(AP File Photo)
People are reflected on the glass of a framed photograph of Bhimrao Ambedkar, as they visit a memorial dedicated to him, on his birth anniversary in Mumbai on April 14, 2016.(AP File Photo)

Dalits, tribals prefer loans for home than education

By Saubhadra Chatterji and Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON SEP 14, 2017 12:11 AM IST
The rise in housing loans coincides with the construction of more houses under the Pradhan Mantri Awas Yojna, a programme in which eligible recipients get money from the government.
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The Union Cabinet on Tuesday also approved a bill that will raise the gratuity ceiling for private sector employees.(HT file)
The Union Cabinet on Tuesday also approved a bill that will raise the gratuity ceiling for private sector employees.(HT file)

Cabinet clears 1% DA hike; good news for 49 lakh staffers, 61 lakh pensioners

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON SEP 13, 2017 12:29 AM IST
The central government employees and pensioners will get the hiked salaries from July 1, 2017. The move can mildly support the economy that is seen reeling from the affects of note ban.
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Citizens burn a Chinese national flag during a protest to boycott Chinese products in Ahmedabad after reports of alleged incursion by Chinese troops deep inside Indian territory.(AFP File Photo)
Citizens burn a Chinese national flag during a protest to boycott Chinese products in Ahmedabad after reports of alleged incursion by Chinese troops deep inside Indian territory.(AFP File Photo)

Amid Doklam standoff, Chinese imports to India up by 33% in April-June quarter

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON AUG 14, 2017 11:25 AM IST
The rise in imports is on the back of a stronger rupee that has appreciated about 5.5% against the US dollar and 3.7% against the Chinese yuan since February.
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The Economic Survey said that the balance of risk to achieving the 6.75-7.5% growth has shifted to the downside.(HT File)
The Economic Survey said that the balance of risk to achieving the 6.75-7.5% growth has shifted to the downside.(HT File)

Achieving high end of 6.75-7.5% growth difficult: Economic Survey

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON AUG 11, 2017 11:52 PM IST
The government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.
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Many shopkeepers do not have any clarity on tax rates, especially for gift hampers containing different items. (HT file photo)
Many shopkeepers do not have any clarity on tax rates, especially for gift hampers containing different items. (HT file photo)

Confusion over GST prevails, this festive season gift hampers may cost you dear

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON AUG 07, 2017 09:06 AM IST
Shopkeepers are not clear about the new tax rate applicable on a basket containing assorted goodies with different tax slabs under the goods and services tax regime.
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Arun Jaitley during the ongoing monsoon session at Parliament, in New Delhi.(PTI Photo)
Arun Jaitley during the ongoing monsoon session at Parliament, in New Delhi.(PTI Photo)

Lessons from Saradha & Rose Valley? New law to regulate chit funds soon

By Suchetana Ray and Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON AUG 04, 2017 10:25 AM IST
Chit funds are registered under the Chit Funds Act, 1982 but the absence of a regulator and a nationwide framework of guidelines makes investors vulnerable.
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Scam alert: Beware of fake mails from Income Tax dept seeking bank details

By Mahua Venkatesh | Hindustan Times, New Delhi, New Delhi
UPDATED ON AUG 01, 2017 11:29 AM IST
Experts advise looking carefully at e-mails resembling official I-T dept accounts
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Former President Pranab Mukherjee and Prime Minister Narendra Modi press buttons for the launch of Goods and Services Tax at midnight of June 30 at the special ceremony in the Central Hall of Parliament in New Delhi.(PTI File photo)
Former President Pranab Mukherjee and Prime Minister Narendra Modi press buttons for the launch of Goods and Services Tax at midnight of June 30 at the special ceremony in the Central Hall of Parliament in New Delhi.(PTI File photo)

Maharashtra tops the list of fresh GST registrations, Gujarat comes second

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUL 31, 2017 09:28 AM IST
Ten lakh applications for new GST registrations under unified tax regime have been received from across the country
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In In 2015-16, the Income Tax department had seized cash and jewellery worth Rs 712.68 crore.(REUTERS File Photo / Representational)
In In 2015-16, the Income Tax department had seized cash and jewellery worth Rs 712.68 crore.(REUTERS File Photo / Representational)

I-T dept doubled its haul in 2016-17; seized cash, jewellery worth Rs 1,469 crore

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUL 29, 2017 11:52 PM IST
The Income Tax department, which has intensified its drive against black money hoarders, carried out 1,152 searches.
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CAG said the under-reporting reduced the government’s earnings in form of spectrum charges and licensing by Rs 7,697.6 crore. (Photo: Mint)
CAG said the under-reporting reduced the government’s earnings in form of spectrum charges and licensing by Rs 7,697.6 crore. (Photo: Mint)

Six telecom companies under-reported revenue by over Rs 61,000 crore: CAG

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUL 22, 2017 07:15 AM IST
The CAG audited six telecom companies — Bharti Airtel, Vodafone, Aircel, Idea, Reliance Communication and Sistema Shyam Teleservices Ltd — and said they under-reported their adjusted gross revenue (AGR) by Rs 61,064 crore during 2010-2015.
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To begin with, the focus will be on suspected tax cheats in the four metros and some big cities. The SMS drive was launched mid-June. No deadline has been fixed for the filing to tax returns by those identified.(Representative Photo)
To begin with, the focus will be on suspected tax cheats in the four metros and some big cities. The SMS drive was launched mid-June. No deadline has been fixed for the filing to tax returns by those identified.(Representative Photo)

Govt goes after tax cheats in new SMS drive

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUL 09, 2017 07:29 AM IST
The government has launched a fresh drive to catch tax cheats, identifying thousands of people who made big investments over the past two years but neither paid income tax nor filed I-T returns.
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Data available with the think tank shows that 50% of those farmers who take loans do so from non-institutional sources like money lenders, paying higher rates of interest.(File Photo)
Data available with the think tank shows that 50% of those farmers who take loans do so from non-institutional sources like money lenders, paying higher rates of interest.(File Photo)

Loan waivers help less than 10% of farmers in distress, says NITI Aayog member

By Jatin Gandhi and Mahua Venkatesh | New Delhi, Hindustan Times
UPDATED ON JUL 07, 2017 12:16 AM IST
The NITI Aayog member pitches for targeted relief for those who take loans from moneylenders.
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The Rs 1000 and Rs 500 bank notes that were demonetised by the government in November 2016 constituted 86% of the currency in circulation.(File Photo)
The Rs 1000 and Rs 500 bank notes that were demonetised by the government in November 2016 constituted 86% of the currency in circulation.(File Photo)

Allow people with genuine reasons to deposit banned notes: SC to govt

By Bhadra Sinha & Mahua Venkatesh | Hidnustan Times, New Delhi
UPDATED ON JUL 05, 2017 12:13 AM IST
The Supreme Court’s is hearing petitions challenging the government’s notification that disallowed citizens from depositing old notes.
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The government will decide the cut-off date, after which PANs not linked to Aadhaar will be deemed invalid, only after Augus.(AFP Photo)
The government will decide the cut-off date, after which PANs not linked to Aadhaar will be deemed invalid, only after Augus.(AFP Photo)

Over 1 crore PANs linked to Aadhaar in June, those not linked remain valid for now

UPDATED ON JUL 04, 2017 06:53 PM IST
The government earlier said the PANs not linked with the Aadhaar numbers would eventually become invalid and will not be considered for identification purposes.
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A bill is clumped together with others at a restaurant with the new Goods and Services Tax (GST) added to it, in Mumbai.(AP Photo)
A bill is clumped together with others at a restaurant with the new Goods and Services Tax (GST) added to it, in Mumbai.(AP Photo)

Day 1 of GST rollout: No major panic barring few lapses as businesses transition

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUL 02, 2017 07:15 AM IST
The transition to GST meant businesses had to overhaul their accounting to a new format that millions of traders and merchants seemed unable to have done.
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Haseeb Drabu had earlier said the government will factor in constitutional, legislative, administrative and institutional issues distinct to the state while implementing the GST.(HT File Photo)
Haseeb Drabu had earlier said the government will factor in constitutional, legislative, administrative and institutional issues distinct to the state while implementing the GST.(HT File Photo)
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President Pranab Mukherjee and PM Narendra Modi press buttons for the launch of Goods and Services Tax (GST) at midnight, at the special ceremony in the Central Hall of Parliament in New Delhi.(PTI Photo)
President Pranab Mukherjee and PM Narendra Modi press buttons for the launch of Goods and Services Tax (GST) at midnight, at the special ceremony in the Central Hall of Parliament in New Delhi.(PTI Photo)

GST, India’s biggest tax reform, launched at midnight; PM Modi says ‘Good and Simple Tax’ will help poor

By Saubhadra Chatterjee and Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUL 06, 2017 09:58 AM IST
India’s biggest tax reform, Goods and Services Tax (GST), which was launched at midnight on Friday, will replace some 20 federal and state levies.
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A round-table conference being held to discuss implementation of Goods and Services Tax in Jammu and Kashmir, in Srinagar on Thursday.(PTI Photo)
A round-table conference being held to discuss implementation of Goods and Services Tax in Jammu and Kashmir, in Srinagar on Thursday.(PTI Photo)

Jammu and Kashmir yet to implement GST, aims to build broader consensus

By Mahua Venkatesh | New Delhi, Hindustan Times
UPDATED ON JUN 30, 2017 04:43 PM IST
Unlike other states, it would take a legislative amendment to adopt GST in the state.
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The agreement retailers sign with banks for card-swipe devices — technically called point-of-sale (POS) terminals — contains a clause forbidding them from charging customers for the facility.(Shutterstock)
The agreement retailers sign with banks for card-swipe devices — technically called point-of-sale (POS) terminals — contains a clause forbidding them from charging customers for the facility.(Shutterstock)

Customers forced to pay transaction fee for using cards in small towns

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUN 24, 2017 11:08 PM IST
Shop owners in many parts of the country are unlawfully charging a premium from customers who pay with cards.
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Farmers who repay the loan on time will be provided an interest subsidy of 5%.(Diwakar Prasad/ Hindustan Times)
Farmers who repay the loan on time will be provided an interest subsidy of 5%.(Diwakar Prasad/ Hindustan Times)

Farmers’ protests fallout: Govt extends interest subsidy on short term crop loans

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUN 18, 2017 08:31 AM IST
Farmers will also get loans for post-harvest storage of their produce at a subsidised interest rate of 7% for six months.
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If the experiment succeeds, the model can be used for building schools and panchayat buildings.(Pratham Gokhale/HT Photo)
If the experiment succeeds, the model can be used for building schools and panchayat buildings.(Pratham Gokhale/HT Photo)
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In December, just after it was set up, the I-T department received 22,500 emails on illegal cash hoarders.
In December, just after it was set up, the I-T department received 22,500 emails on illegal cash hoarders.

Govt’s black money account got 45,000 emails from whistleblowers, only 6,000 genuine

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUN 12, 2017 11:37 PM IST
The government, after the announcement of the demonetisation exercise in November last year, set up an email account — blackmoneyinfo@incometax.gov.in —  to encourage common citizens to pass on critical information about black money and demonetisation.
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An Indian visitor gives a thumb impression to withdraw money from his bank account with his Aadhaar or Unique Identification (UID) card during a Digi Dhan Mela.(AFP Photo)
An Indian visitor gives a thumb impression to withdraw money from his bank account with his Aadhaar or Unique Identification (UID) card during a Digi Dhan Mela.(AFP Photo)

Just 6.2 crore out of 29 crore PAN cards linked with Aadhaar so far

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUN 09, 2017 03:01 PM IST
Of the 29 crore PAN card holders in the country, only 5.2 crore filed their tax returns last year. However, 98% of the Indians have the 12-digit unique biometric Aadhaar number.
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Government sources said that depending on the response the department receives, it will decide whether or not to probe into cases that are beyond the three-year period.(Representative Photo)
Government sources said that depending on the response the department receives, it will decide whether or not to probe into cases that are beyond the three-year period.(Representative Photo)

I-T dept sets eyes on benami assets acquired in past 3 years

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUN 03, 2017 12:13 AM IST
Government sources said that depending on the response the department receives, it will decide whether or not to probe into cases that are beyond the three-year period.
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The participation level has been dropping since 2005, despite having 42% women who are graduates.(File Photo)
The participation level has been dropping since 2005, despite having 42% women who are graduates.(File Photo)

India ranks 120th among 131 nations in women workforce, says World Bank report

By Mahua Venkatesh | New Delhi, Hindustan Times
UPDATED ON MAY 29, 2017 11:36 PM IST
It said the country had one of the lowest female participation in the workforce.
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World Bank logo outside its building.(PTI photo)
World Bank logo outside its building.(PTI photo)

World Bank: India growth slowed to 6.8% in 2016-17 on note ban, to rebound to 7.2% this year on reforms

By Mahua Venkatesh | Hindustan Times, New Delhi
UPDATED ON JUN 04, 2017 11:25 PM IST
World Bank says the demonetisation drive impacted the poor and the vulnerable the most
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