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After including surcharges, the current effective corporate taxes are 33.9 per cent for domestic companies and 43.26 per cent for foreign companies. (Photo: FInancial Chronicle)

Corporate tax may be cut to 25 per cent for turnover up to Rs 500 cr

Companies above Rs 250 crore turnover currently pay a basic corporate tax rate of 30 per cent.

16 Jan 2019 11:18 AM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

Cabinet likely to consider capital infusion proposal for Exim Bank

The government infused Rs 500 crore in Exim Bank last financial year.

15 Jan 2019 3:31 PM IST

State Bank of India, the countrys largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said on Friday. (Photo: DC)

Govt keen to pare stake in banks to 52 per cent, but capital infusion...

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional...

15 Jan 2019 2:13 PM IST

According to the law, any defaulter evading GST to the tune of Rs 1 crore beyond 3 months is liable for punishment and bank accounts can be attached.

Demonetisation, GST affecting Mudra loan recovery, says Sena

Loans worth Rs 2.46 lakh crore have been disbursed so far to 4.81 crore small scale industrialists.

15 Jan 2019 12:14 PM IST

Executives conniving with loanees to defraud banks.

Finance ministry for caution on Mudra loans without stifling credit

Mudra loans NPAs at best could be under 3.5 per cent of total outstandings of Rs 2. 4 lakh crore of the PSBs in fiscal...

15 Jan 2019 10:55 AM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

India's wholesale inflation dips to 18-month low

While the retail inflation dipped to an 18-month low of 2.19 per cent, the wholesale inflation fell to an eight-month...

15 Jan 2019 12:36 AM IST

This is first time in 10 months that the retail inflation was below the Reserve Bank of Indias medium-term target of 4 per cent. (Representational Images)

WPI inflation at 8-month low of 3.80 pc in Dec on softening fuel, food...

The central bank lowered retail inflation projection to 2.7-3.2 per cent for the second half of the current fiscal.

14 Jan 2019 1:03 PM IST

TS Transco chairman and MD D. Prabhakar Rao said that the objective of 24x7 power supply to farm sector was to help not just the farmers but also to help industrial growth in rural areas.

Industrial growth falls to 17-month low of 0.5 per cent in Nov

The previous low was in June 2017, when IIP growth contracted by 0.3 per cent.

12 Jan 2019 1:06 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI accountable to government, says reserves panel chairman

Government is urgently seeking extra funds to finance populist measures like financial aid to farmers.

10 Jan 2019 5:06 PM IST

The GST Council which is scheduled to meet on January 10 will discuss on the recommendations of the ministerial panels.

GST exemption limit doubled to give relief to small businesses

GST Council hikes annual turnover for availing composition scheme to Rs 1.5 crore from Rs 1 crore.

10 Jan 2019 4:01 PM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

Inflation in December likely hit lowest since June 2017: reports

Inflation likely cooled to 2.20 pc in Dec close to the lower end of the RBI's medium-term target range of 2.0-6.0 pc.

10 Jan 2019 11:04 AM IST

Developing economies must get ready to cope with possible turbulence:...

Trade has been slowing, global manufacturing activity has been getting weaker and financial conditions have been...

9 Jan 2019 2:06 PM IST