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The enforcement directorate has registered a case of money laundering in connection with an alleged Rs 621 crore loan fraud involving UCO Bank.

ED files PMLA case in Rs 621 crore UCO Bank loan fraud

The agency has filed a criminal complaint under the Prevention of Money Laundering Act.

7 May 2018 2:02 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank board to meet on Monday, CEO loan issue may come up

There are series of allegations of impropriety in ICICI Bank extending loans to some companies and enjoying reciprocal...

6 May 2018 2:53 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Big wilful defaulters owe Punjab National Bank Rs 15,172 crore

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017.

6 May 2018 11:33 AM IST

The government has notified the timeline for furnishing final tax returns for July and August under the Goods and Services Tax (GST) regime.

GST Council announces simplified return filing process

A taxpayer shall be also given user-friendly IT interface and offline IT tool to upload the invoices.

5 May 2018 11:07 AM IST

The CBEC has now notified the dates for filing the GST returns forms.

Filing process for GST returns eased

Arun Jaitley said that a majority of states agreed to the idea of incentivising cashless transaction and only a few...

5 May 2018 12:56 AM IST

Finance Minister Arun Jaitley. (Photo: ANI)

GST Council defers decision on sugar cess, refers digital payments

Council agreed to a proposal of buying out the stake of private entities to make GSTN a government-owned entity.

4 May 2018 4:03 PM IST

The meeting is expected to get over around 1:00 pm. (Photo: ANI)

27th GST Council meet underway

GST Council is likely to clear the imposition of sugar cess, approximately between two to five per cent.

4 May 2018 2:14 PM IST

Subhash Chandra Garg, Secretary, Economic Affairs.

Rupee at 65-66 against dollar reflects 'fair valuation': Garg

Rupee has been second-worst performing Asian currency this year, dropping 2.4 per cent against dollar.

4 May 2018 1:58 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

India's services sector activities improve in April

Nikkei India Services Business Activity Index climbed to 51.4 in April from 50.3 in March.

4 May 2018 11:42 AM IST

Asian Development Bank, ADB, plans to raise its annual lending to India. )Photo: AFP)

India to pitch for increased lending from Asian Development Bank

Subhash Chandra Garg would meet ADB president, where he would push for increasing the ADB's lending commitment to India.

3 May 2018 7:26 PM IST

Reserve Bank Deputy Governor Viral Acharya

Interest rates unlikely to go up further: Viral Acharya

Viral Acharya favoured withdrawal of monetary accommodation in the next policy review meeting on June 4-5.

3 May 2018 2:41 PM IST

The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.

ADB board to discuss 'Strategy 2030' to build 'prosperous' Asia

Economic Affairs Secretary Subhash Chandra Garg will represent India at the meet.

2 May 2018 1:01 PM IST