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No proposal to ask RBI to transfer Rs 3.6 or Rs 1 lakh crore, as speculated: Economic affairs secretary Subhash Garg → Read More
Total provisioning increased to Rs 9757 crore from Rs 2440 crore a year ago period and Rs 5758 in the preceding quarter → Read More
The pick-up in collections will provide respite to a government struggling to meet its fiscal deficit target → Read More
Section 7 of RBI Act allowing Centre to instruct central bank unlikely to be invoked → Read More
Rules will be enforced by a new regulator proposed for accounting and auditing cos → Read More
GST council to seek views of the attorney general of India on the disaster cess, talks would also be held with the 15th Finance Commission over the NDRF and SDRFs → Read More
In the meeting, the Modi government will figure out ways on how to continue with Iran imports but at the same time reduce the dependence on Iran imports to some extent and how to make the import payments → Read More
Finance minister Arun Jaitley says it was important to find a well-thought out mechanism on fund-raising for natural disasters as it would have long-term implications → Read More
Over 100 home owners, who had bought residential units under the Haryana affordable housing policy in 2013, had approached the NAA alleging that Pyramid Infratech had not passed on the GST benefits to them → Read More
The merger of Bank of Baroda, Dena Bank and Vijaya Bank set to create India’s third-largest bank with a total business of more than ₹14.82 trillion → Read More
MSMEs may be asked to give details of monthly sales data to check with income tax payments, say officials → Read More
Kerala wants a 10% cess on SGST or state GST, which it says will not affect other states or the central government. → Read More
The deadline for ITR filing for taxpayers across the country is 31 August → Read More
The calculations on GDP back series data are still a work in progress, says National Statistics commission → Read More
State-run banks made a total recovery of Rs 36,551 crore in the first quarter of 2018-19, nearly half of the entire 2017-18 → Read More
In his speech on India’s 72nd Independence Day, Prime Minister Narendra Modi reiterated his government’s commitment to tackle black money and corruption → Read More
Income tax department expects Walmart to provide withholding tax details within fortnight of closing Flipkart deal → Read More
Income tax department has only picked up 0.35% tax returns for scrutiny last year as against the previous instances of 0.8%-1% of cases being scrutinized → Read More
PNB is expected to improve upon its performance this quarter as its balance sheet improves due to inflow of funds due to Bhushan Steel’s acquisition by Tata Steel → Read More
GST Council decides to form a ministerial panel to examine a series of tax and compliance relief proposals for the benefit of MSMEs which form the backbone of the manufacturing sector, the rural economy → Read More