Economy - Page 225

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI board meeting deferred to February 18

The RBI board is going to take up request of the govt for payment of interim dividend for the current financial year.

6 Feb 2019 4:03 PM IST

$An SBI internal research report, Ecowrap, has pegged in a \fiscal deficit target of Rs 5.75 lakh crores for the financial year 2017-18, at 3.4 per cent of GDP.\$ Business

PSUs borrowings must be included in govt debts, be aided by the...

the government's total deficit rose to an uncomfortably high level of 8.5 per cent of GDP for 2018-19:economist Sajjid...

6 Feb 2019 12:22 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Business

Income tax returns filings rose over 37 per cent in April-January

Between April to January period of the last two financial year, the growth was more subdued at 17 pc and 20 pc,...

6 Feb 2019 11:01 AM IST

Business

RBI to change stance to neutral but may hold rates

Higher budgeted market borrowings and increased inflationary concerns are likely to keep the bond yields elevated.

6 Feb 2019 2:00 AM IST

The Interim Budget, also known as a vote on account, will seek the Parliaments nod for meeting the expenditure for the first six months of new fiscal2019-20. (Photo: ANI)

Business

Govt seeks Par nod for additional expenditure of Rs 1.98 lakh cr

The govt on sought Parliament's approval for gross additional expenditure of Rs 1.98 lakh crore for the current fiscal...

5 Feb 2019 5:59 PM IST

Intervention amounting to vetting of data had led to problems in the release last year of back-series data on GDP growth too.

Business

Govt expects 7.5 percent GDP growth in FY20

India is solidly back on track and marching towards growth and prosperity: Piyush Goyal

5 Feb 2019 5:54 PM IST

Many departments are parking funds released to them in Personal Deposit (PD) accounts for various reasons. When this happens, the finance department is not in a position to know how much funds the departments have.

Business

Govt to raise additional borrowing of Rs 36,000 in current fiscal

The government has decided to borrow additional Rs 36,000 crore through two tranches of Rs 18,000 crore each during...

5 Feb 2019 5:46 PM IST

The possibility of the government skidding on the fiscal deficit front is hardly good news at the close of a turbulent year that saw demonetisation and a hurried introduction of a flawed Goods and Services Tax ravage the economy, particularly the cash-dependent rural economy.

Business

Cash transfer to farmers, middle-class tax relief to boost growth:...

GST collections will continue to pose risks to indirect tax collections if they fall short of budgeted expectations.

5 Feb 2019 5:44 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Business

RBI's rate-setting panel starts meet, to announce decision on Thursday

RBI Governor Shaktikanta Das has suggested that the MPC would see this budget as an additional need to maintain caution...

5 Feb 2019 4:20 PM IST

Form No 36, Form No 36A and Rule 47 of the IT Rules has been uploaded on the website of the Income Tax Department www.incometaxindia.gov.in. (Photo: ANI)

Business

In 2 years, income tax payers to start getting refunds within 24 hours

Revenue Secretary Ajay Bhushan Pandey said currently refunds are processed online in an automated manner.

5 Feb 2019 2:23 PM IST

The Oil Ministry took this initiative under Pradhan Mantri Ujjwala Yojana to connect 50 million below poverty line people with the LPG supplies over next three years.

Business

India becomes world's 2nd largest LPG consumer after govt's Ujjawla...

LPG consumer demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said on tuesday.

5 Feb 2019 2:13 PM IST

The people would be really happy to pay property tax if the BBMP fulfilled its fundamental responsibility of providing them all basic amenities.

Business

Concerns for Modi govt: Direct tax collection could fall short by Rs...

The CIT collections in April-December FY19 was Rs 4,27,481 crore, while the PIT collections during the period was Rs...

5 Feb 2019 12:52 PM IST