Top
Home » Business » Economy

Economy - Page 300

Hasmukh AdhiaBusiness
Finance Ministry raps central tax officers for poor GST show

After registering highest GST collections of Rs 1,03,458 cr in April, revenue has fallen to Rs 94,016 cr in May.

6 Jun 2018 9:29 AM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI to announce second bi-monthly Monetary Policy of 2018-19 today

The last rate hike was announced by RBI in January 2014 when the repo rate was increased to 8 per cent.

6 Jun 2018 8:52 AM IST

Police insist that banks get details of each customer verified by a permanent employee of the bank, and that the entire process gets linked with the Aadhaar card. (Representational Image)Business
Banks gross NPA may peak at around 11.5 per cent this fiscal: Crisil

The rating agency expects gross NPAs in the banking system to peak at around 11.5 per cent of advances this fiscal and...

6 Jun 2018 1:04 AM IST

Traders and sellers in the city who usually offer huge discount on products have suddenly stopped offering it in the name of Goods and Services Tax (GST).Business
Govt planning to revamp GST AAR mechanism

The AARs in different states have so far passed about 60 orders under the GST law.

5 Jun 2018 5:14 PM IST

Police insist that banks get details of each customer verified by a permanent employee of the bank, and that the entire process gets linked with the Aadhaar card. (Representational Image)Business
Banks gross NPA may peak at around 11.5 per cent this fiscal: Crisil

In FY18, the banking system reported a net loss of Rs 40,000 crore because of the sharp rise in NPAs.

5 Jun 2018 3:51 PM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.Business
RBI's interest setting panel continues deliberations for 2nd day

Retail inflation, a key data for RBI, has remained above 4 per cent since November 2017.

5 Jun 2018 3:22 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.Business
India services PMI contracts in May; falls to 3-month low

Nikkei India Services Business Activity Index fell to 49.6 in May from 51.4 in April.

5 Jun 2018 12:19 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.Business
Reserve Bank of India to hold rates, but June hike now close call

GDP data showed Asia's 3rd-largest economy grew at its fastest pace in nearly 2 years in the Jan-Mar period.

5 Jun 2018 10:28 AM IST

US. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $52.04 per barrel, up 8 cents.Business
Oil, MSP may derail fiscal deficit plans

Crude oil settling at $75-80 could also affect economic growth and push up fiscal deficits beyond 3.3 per cent.

5 Jun 2018 8:59 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)Business
Fitch downgrades PNB's rating on deteriorating credit profile

VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.

4 Jun 2018 5:23 PM IST

RBI governor Urjit PatelBusiness
RBI's interest rate setting panel starts 3-day meet

RBI may hike interest rate for the first time after four-and-half years.

4 Jun 2018 4:13 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Govt appoints IDBI Bank CEO Mahesh Jain as RBI deputy governor

Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.

4 Jun 2018 2:55 PM IST

X