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Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Central Board of Direct Taxes amends Section 16 of Income Tax Act

The pension received by a taxpayer from his former employer is taxable under the head 'Salaries'.

5 April 2018 2:35 PM IST

The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.

State-run bank shares rally after RBI eases bankruptcy provision needs

The banks will need to achieve 50 per cent provision cover for those loans by end-June.

5 April 2018 12:22 PM IST

India ratings upgrades India's growth forecast

It said that despite the US Fed rate hike and trade protectionism, the Indian economy is likely to cruise smoothly.

5 April 2018 1:04 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Markets tank as US, China reignite trade tussle, RBI policy eyed

Benchmark Sensex slumped more than 350 points on Wednesday.

4 April 2018 6:20 PM IST

Senior officials of India and European Union (EU) will meet in Brussels next week.

India-EU FTA: Officials to meet in Brussels next week

A lot of things have changed since 2013 and now the time is right to resume the talks, the official added.

4 April 2018 6:05 PM IST

Rich nations want WTO members to discuss and agree on new issues such as labour, e-commerce, environment and sustainable goods and government procurement.

We won't like environment issues at WTO, says Suresh Prabhu

India on Wednesday said it is against taking up environment issues at the World Trade Organisation.

4 April 2018 5:09 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

Over 17 lakh e-way bills generated in 3 days, says official

Data retrieved from e-way bills would also support the government build analytics around tax collections.

4 April 2018 4:43 PM 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.

Taxpayers can complete filing transitional credit form by April 30

GSTN, central and state governments would appoint nodal officers in requisite number.

4 April 2018 4:18 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI's Monetary Policy Committee begins discussions, decision on key...

RBI on Thursday will make public the resolution of the MPC.

4 April 2018 4:07 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

PSBs wrote off Rs 2.41 lakh crore loans in over 3 years

The Rajya Sabha was informed on Tuesday.

3 April 2018 7:42 PM IST

Private lender IndusInd Bank on Tuesday announced a pilot program with WhatsApp enterprise solution in India to communicate with its customers.

IndusInd Bank to pilot WhatsApp enterprise solution

The integration with WhatsApp will allow IndusInd Bank to start appearing as a verified account when it communicates...

3 April 2018 6:37 PM IST

Reserve Bank governor Urjit Patel

RBI unlikely to cut interest in monetary policy on Thursday

RBI is expected to be on an extended pause as inflation is likely to remain close to 4.5 per cent during 2018-19.

3 April 2018 4:31 PM IST