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Thousands of employees who have been retired since January 1, 2016 have not been able to get the benefit of this increased gratuity.

Govt notifies law for doubling tax-free gratuity to Rs 20 lakh

Earlier, the upper ceiling on gratuity amount under the act was Rs 10 lakh.

31 March 2018 11:16 AM IST

Reserve Bank governor Urjit Patel

Ahead of monetary policy, RBI Governor holds meeting with Jaitley

The six-member Monetary Policy Committee (MPC), is to meet on April 4 and 5 to decide the monetary policy.

31 March 2018 11:06 AM IST

US Special counsel Robert Muellers team wants to question US President Donald Trump as part of the investigation into alleged Russian interference in the 2016 presidential election, media reports said on Tuesday.

India gets first shipment of US LNG; gets praised

US president Donald Trump is keen to promote exports from US and cut country's trade deficit with other nations.

31 March 2018 12:59 AM IST

ICICI Bank is Indias fourth most valued bank.

Sebi looking into ICICI Bank matter

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

30 March 2018 5:59 PM IST

The financial year is drawing to a close. This year, equity investors had a memorable run halted only by the announcement of a new tax on long term capital gains. There were plenty of lessons to be learnt in terms of money management.

LTCG tax, other Budget proposals to kick in from April 1

Currently, 15 per cent tax is levied on capital gains made on share sale within a year of purchase.

30 March 2018 1:33 PM IST

RBI governor Urjit Patel, however, felt that the incoming data should provide greater clarity about the persistence of inflationary pressures.

RBI to take hawkish stance by end-2018, hike rates early next year

Latest consensus is for RBI to hike repo rate and reverse repo rate by 25 basis points in first 3 months of 2019.

30 March 2018 10:58 AM IST

The RBI felt there was enough liquidity in the system and credit growth was picking up.

Finance Ministry asks RBI to help ease industry troubles post LoU ban

Letters of credit and bank guarantees will continue upon meeting certain conditions.

30 March 2018 9:34 AM IST

The government has allowed banks to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. (Photo: Pixabay)

Govt keeps small savings interest rates unchanged

Interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.3 per cent.

29 March 2018 12:53 PM IST

Finance Minister Arun Jaitley also said that the Cabinet has approved the establishment of National Financial Reporting Authority. (Photo: ANI)

PSU disinvestment receipts exceed Rs 1 lakh crore in FY18: Arun...

So far, Department of Investment and Public Asset Management has raised Rs 1,00,056 crore through disinvestment.

29 March 2018 11:41 AM IST

In issues like pensions and ration, MDOs and civil supplies officers are being targeted by RTG personnel. (Representational image)

CCEA nod to bear expenses for employee's pension contribution for 3...

Under this, govt pays the 8.33 per cent contribution of employers to the Employees' Pension Scheme.

29 March 2018 11:30 AM IST

Finance Ministry

Centre, ADB ink USD 80 million loan deal

Deal to help modernise technical and vocational education and training institutions and improve the skills ecosystem.

29 March 2018 10:48 AM IST

According to SBI research report Ecowrap, the government is likely to achieve its fiscal deficit target of 3.2 per cent for this fiscal. (Photo: PTI)

Fiscal deficit at 120 per cent of revised estimates at Feb-end

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for 2018-19.

28 March 2018 5:02 PM IST