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The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.Business
GST collection hits Rs 95,610 crore in June

GST revenue mop-up rose to Rs 95,610 crore in June from Rs 94,016 crore in the previous month.

2 July 2018 1:10 AM IST

A senior KSRTC officer said, When fuel prices were hiked, we assumed they would drop but now, our fuel expenditure has risen. (Representational Image)Business
Telangana reluctant to include fuel, liquor

VAT revenues from liquor, petrol and diesel sales contribute 46 per cent to Telangana state's total revenues.

1 July 2018 3:42 AM IST

The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensation to make up for it.Business
GST marks federal nature of Indian Constitution

The powers of the Centre and the states were clearly demarcated.

1 July 2018 3:36 AM IST

Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now has time till April 30 to complete the process, the finance ministry said on Wednesday.Business
Consumption-led states get an advantage

The place of supply of services is generally governed by where the service recipient is located.

1 July 2018 3:33 AM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.Business
Sriram takes charge as MD and CEO of IDBI Bank

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.

30 Jun 2018 6:54 PM IST

Though revenue growth rose to 14 percent in 2016-17, demonetisation further pulled it down to nearly 10%.Business
Revenue collection for April-May capped at Rs 1,27,461 crore

The aforementioned figure comprises Rs 1,02,408 crore tax revenue.

30 Jun 2018 11:03 AM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.Business
ICICI Bank appoints ex-petroleum secretary as non-executive chairman

The appointment will provide maturity and sagacity to the deliberations of the board, it added.

29 Jun 2018 12:47 PM IST

The rupee had ended 6 paise down at 67.64 against the US dollar on FridayBusiness
Rupee sinks to record low against US dollar, breaches 69-mark

Global oil prices have climbed after the US asked its allies to end all imports of Iranian oil by November.

28 Jun 2018 11:08 AM IST

Global political risks and strengthening of the US dollar could be the key factors affecting rupee as against the greenback.Business
Rupee skids on oil to 19-month low

The spike in global crude oil prices could also hurt India's current account deficit and stoke domestic inflation.

28 Jun 2018 12:43 AM IST

The Income Tax Department is matching the \tax profiles\ of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act. (Photo: PTI/Representational)Business
Rs 2,000 crore GST evasion unearthed in 2 months

Only 1 per cent of over 1.11 crore registered businesses pay 80 per cent of the taxes.

27 Jun 2018 4:24 PM 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.Business
State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:11 PM IST

Prime Minster Narendra ModiBusiness
Fiscal condition is in control, says Modi

Urges AIIB to increase lending to $40 billion by 2020.

27 Jun 2018 12:36 AM IST

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