Good news for traders! Single-page GST filing system to be ready in 3-6 months, confirms Finance SecretaryPTI | April 20, 2018 10:28 PM
Union finance secretary Hasmukh Adhia today said the proposed new single page GST return filing system will be in place over the next three to six months that will ease the present problems.
Pace of economic reforms in India unlikely to continue in election year, says IMF chief Christine LagardePTI | April 19, 2018 10:15 PM
IMF chief Christine Lagarde today said she does not expect the pace of economic reforms in India to continue in an election year.
India has 19 crore adults without a bank account despite success of ambitious Jan Dhan Yojana, says World BankPTI | April 19, 2018 7:28 PM
Post eway bill rollout small road transport operators to see high complaince cost, says India Ratings & ResearchPTI | April 19, 2018 4:36 PM
Narendra Modi in London: India to invest more than 1 billion pounds in UK, will create over 5500 British jobsPTI | April 19, 2018 3:54 PM PTI | April 19, 2018 2:55 PM PTI | April 18, 2018 5:51 PM
FE Bureau | April 25, 2018 5:59 AM
According to the Income Tax Act, the LTCG tax on such transactions would be 20% if STT has not been paid. The board has now said that in many genuine cases, STT could not be paid while acquiring shares and such transactions would still qualify for a lower LTCG tax rate.
FE Bureau | April 25, 2018 5:30 AM
The Enforcement Directorate on Tuesday attached immovable properties worth Rs 1,122 crore in a Rs 2,654.40-crore bank fraud case against Vadodara-based Diamond Power Infrastructure (DPIL).
Banikinkar Pattanayak | April 25, 2018 2:54 AM
The move reflects the Centre’s growing unease over regular piling up of cane arrears
Big relief coming soon? Finance Ministry proposes relaxing conditions for availing concessional LTCG taxPTI | April 24, 2018 10:56 PM
Listing out scenarios wherein individuals need not pay Securities Transaction Tax (STT) at the time of purchase to avail the concessional tax rate, the Finance Ministry invited stakeholder comments on the draft notification by April 30.
FE Online | April 24, 2018 4:51 PM
The third tranche of electoral bonds, aimed at making poll-funding transparent, will be sold at 11 branches of State Bank of India (SBI) from May 1 to May 10, the government said on Tuesday.
PTI | April 24, 2018 4:03 PM
Agriculture credit is growing every year and reached Rs 10 lakh crore last fiscal, the government said today while stressing upon the need to increase the flow to small farmers as well as providing loan access to tenant cultivators.
Boost to Yogi Adityanath: Business advocacy group says, US companies showing interest for investment in UPPTI | April 24, 2018 3:20 PM
The USISPF had recently organised a summit in the state capital of Lucknow, with 26 American companies in attendance.
IANS | April 24, 2018 2:42 PM
If Nepal establishes direct access to the sea through waterways, experts said that it would reduce the cost of doing trade for the land-locked Himalayan nation.
Global debt at historical high: Modi government on right track but Xi’s China in a precarious situationIANS | April 24, 2018 2:40 PM
Any undergraduate student of economics would vouch for the fact that an economy in a recession requires a fiscal stimulus package (or more government spending and lower taxes). Such a stimulus can only be managed if the economy constrains its fiscal spending in times of growth.
Pragya Srivastava | April 24, 2018 3:21 PM
The unemployment rate in India has doubled between July 2017 and April 2018, whereas the number of jobs in the country in the last financial year 2017-18 also fell to 406 million from 406.7 million in the previous year, CMIE data shows.
Bloomberg | April 24, 2018 11:27 AM
India is seeking more oil, drones and aircraft from the US to help narrow its $28 billion trade surplus amid rising concerns of possible collateral damage to its economy from President Donald Trump’s trade spat with China.
Associated Press | April 24, 2018 11:19 AM
President Donald Trump’s escalating dispute with China over trade and technology is threatening jobs and profits in working-class communities where his “America First” agenda hit home.
FE Bureau | April 24, 2018 6:26 AM
India also retained its top rank in terms of origin countries of international migrants with 16.4 million people, followed by Mexico at 11.9 million
FE Bureau | April 24, 2018 6:20 AM
In what could dent the attraction of duty-free shops at international airports, the Authority of Advanced Ruling (AAR) in Delhi has ruled that a retailer at the Delhi’s international airport will have to pay applicable goods and services tax (GST) on sales.
FE Bureau | April 24, 2018 5:31 AM
Collections highest so far, yet are way short of budget projection; analysts say buoyancy improving
FE Bureau | April 24, 2018 5:25 AM
In its first order, the National Anti-profiteering Authority (NAA) for the goods and services tax (GST) has absolved a Barielly-based dealer of Honda cars of the charges of not passing on the benefit of reduced tax incidence to a consumer.
PTI | April 24, 2018 12:01 AM
NITI Aayog CEO Amitabh Kant today said that the states in India’s southern and western region were growing rapidly, but those like Bihar, UP and Chattisgarh were keeping the country backward.
PTI | April 23, 2018 9:59 PM
Besides, Uttar Pradesh has generated over 15.49 lakh e-way bills followed by Haryana (14.69 lakh) and Delhi (10.94 lakh).
Govt exploring sugar cess, GST cut on ethanol, subsidy to farmers – What Gadkari, Paswan and Pradhan discussed?PTI | April 23, 2018 8:31 PM
The meeting was also attended by senior officials of PMO and ministries of agriculture, commerce, food, petroleum and finance.
FE Online | April 23, 2018 6:11 PM
After being implemented inter-state from April 1 and in some states last week, the e-Way Bill will be rolled in four states and one union territory from April 25.
PTI | April 23, 2018 5:45 PM
The maximum number of e-way bills (both inter and intra state) generated has touched 12 lakh on April 21.
FE Online | April 23, 2018 5:16 PM
The ‘Big Four’ auditor, KPMG, has highlighted seven unfinished tasks that are major indigenous and global challenges for the Indian economy.
PTI | April 23, 2018 4:42 PM
Global remittances, which include flows to high-income countries, grew 7 per cent to USD 613 billion last year, from USD 573 billion in 2016, the bank said.
IANS | April 23, 2018 3:54 PM
He was responding to a question if the leaders will discuss trade penalties by the US and other issues like the Korean peninsula crisis.
Pragya Srivastava | April 23, 2018 3:37 PM
80% adult Indians now have bank accounts — and India could achieve this tremendous growth due to Prime Minister Narendra Modi’s Jan-Dhan Yojana and Aadhaar. Is this success only on paper?
Is London next stop for Raghuram Rajan? RBI experience makes him a contender for Bank of England’s top postFE Online | April 23, 2018 2:22 PM
India’s former Reserve Bank governor Raghuram Rajan is being looked at as the top contender for Bank of England governor’s post.
Pragya Srivastava | April 23, 2018 12:43 PM
India’s bad loans are fifth highest in the world and surged dramatically after March 2015. While at face value it would seem like the quality of assets deteriorated after Narendra Modi came to power, the reality is completely different. Find out!
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