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The possibility of the government skidding on the fiscal deficit front is hardly good news at the close of a turbulent year that saw demonetisation and a hurried introduction of a flawed Goods and Services Tax ravage the economy, particularly the cash-dependent rural economy.

Outlook for Indian govt bonds to remain challenging: DBS

As of September 2017, India's short-term external debt totalled 3.8 per cent of GDP.

20 March 2018 11:21 AM IST

The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensation to make up for it.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December Rs 88,929 crore and January Rs 88,047 crore.

19 March 2018 5:49 PM IST

RBI on Wednesday kept repo rate unchanged at 6 per cent. (Photo: AFP)

RBI likely to remain on extended pause: report

Inflation is likely to remain close to 4.5 per cent during 2018-19, says a report.

19 March 2018 10:42 AM IST

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

Demonetised notes shredded, briquetted before being disposed of: RBI

The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs...

18 March 2018 1:23 PM IST

Niti Aayog working on new transport policy: Rajiv Kumar

Niti Aayog is well placed to come up with a reality-based transport model, with consultations with all the...

17 March 2018 2:41 PM IST

RBI on Wednesday kept repo rate unchanged at 6 per cent. (Photo: AFP)

RBI issues corrective framework for PSBs

RBI has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks.

17 March 2018 1:12 PM IST

FDI inflows into India firmed up by 22 per cent to USD 35.85 billion during April-December 2016.

FDI in agriculture sector up at Rs 611.28 crore till December of FY18

FDI in agriculture was Rs 515.9 crore in the entire 2016-17 fiscal, Rs 553.14 crore in 2015-16.

17 March 2018 11:07 AM IST

: Indias economic growth picked up sharply in October-December quarter (third quarter) expanding by 7.2 per cent, which indicates that economy has turnaround after demonetisation and GST.

Centre, states sanction Rs 10,000 cr refunds due to exporters: Finance...

GST Council, in its last meeting on March 10, has directed all States tax authorities to proactively clear refund...

17 March 2018 10:33 AM IST

GST council are being objected to by the officers working under Central Board of Excise and Customs (CBEC) who feel that there is an urgent need for their review.

Refund datas are wrong: CBEC

The GST Council, in its last meeting on 10th March 2018, has directed all state tax authorities to proactively clear...

17 March 2018 1:10 AM IST

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

India's GST is the world's most complex tax, says World Bank

GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries.

16 March 2018 12:46 PM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

Exports in Feb up 4.5 per cent to USD 25.8 billion; trade deficit...

Exports growth rate has been steadily declining since November 2017 when it touched a high of 30.5 per cent.

16 March 2018 10:19 AM IST

K. Shanmugam, finance secretary addresses the media after budget, on Thursday. (Photo: DC)

9 per cent economic growth pegged for 2018-19: Finance secretary

Closure of Tasmac shops along highways and reduction in stamp duty had also affected the revenue to a tune of Rs 1,000...

16 March 2018 6:01 AM IST