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Subhash Chandra Garg has replaced Shaktikanta Das as economic affairs secretary. (Photo: PTI)Business
Fiscal deficit to be lower than revised estimates for 2017-18: Garg

India revised its fiscal deficit target to 3.5 pc of GDP from an earlier 3.2 pc of GDP for 2017-18 fiscal year.

3 April 2018 8:42 AM IST

The government on Monday said the re-introduction of the e-way bill system for GST has been smooth with no technical glitches.Business
E-way bill rollout successful; no glitch so far: Govt

The re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

2 April 2018 6:41 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.Business
Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

2 April 2018 6:13 PM IST

India has imposed a 10 percent tax on imports of key smartphone components.Business
Govt imposes 10 per cent tax on key smartphone components

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

2 April 2018 6:00 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.Business
Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

2 April 2018 5:48 PM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.Business
Default rates at Indian companies likely to rise further: ICRA

The default rate for Indian companies rose to 3.4 percent in the fiscal year ended March from 2.6 percent in the...

2 April 2018 3:26 PM IST

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)Business
PE investments fall 49 per cent to USD 3.7 billion in Jan-Mar: report

The investment amount was also 29 per cent lower than the December 2017 quarter.

2 April 2018 1:34 PM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.Business
Rupee may hit 67 against dollar in FY2019

Investor sentiment will be cautious, weighing on the local currency, as three major states are going to polls this year.

2 April 2018 12:29 PM 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 may agree on raising FPI limit on G-Secs to 6-7 per cent

A 1 per cent rise in cap would increase limit by Rs 80, 000 crore in absolute terms.

2 April 2018 12:11 PM IST

D.S. Rawat, Secretary general, AssochamBusiness
India faces inflation risks due to higher MSP, says Assocham

Lower inflation in fuel and food helped ease India's wholesale inflation in February to a seven month low of 2.48 per...

2 April 2018 1:45 AM IST

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)Business
Private equity investment in Indian firms dips

According to him, 2017 was exceptionally a good year for fund raising from both public as well as private investors.

2 April 2018 1:42 AM IST

Nationwide electronic or e-way bill system for inter-state movement of goods has been rolled out today, with GSTN officials saying that the platform is working smoothly.Business
Inter-state e-way bill rolled out; only Karnataka to launch...

Nationwide electronic or e-way bill system for inter-state movement of goods has been rolled out today.

1 April 2018 3:23 PM IST

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