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The Parliamentary Standing Committee on finance has pulled up the finance ministry for locking a whopping Rs 9.85 lakh crore (Rs 9.85 trillion) in appeals only for direct taxes.

Govt may bring down highest I-T slab to 25 per cent

Budget may come to aid of Rs 10 lakh + earners.

16 Jan 2018 12:39 AM IST

Responding to the Centres appeal to reduce Value Added Tax (VAT) on petrol and diesel, Maharashtra government on Tuesday cut prices by Rs 2 for petrol and Re 1 for diesel respectively.

Diesel prices at record Rs 61.74 per litre, petrol crosses Rs 71 per...

Government had between November 2014 and January 2016 raised excise duty on petrol and diesel.

15 Jan 2018 5:14 PM IST

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.

'Govt may not alter fiscal consolidation targets in budget'

Govt will try to get fiscal deficit number down to 3.4 per cent as against consensus estimate of 3.5 per cent.

15 Jan 2018 4:13 PM IST

Indias WPI inflation rose to a 30-month high of 5.2 per cent in January from 3.4 per cent in December.

WPI inflation eases to 3.58 per cent in December as veggies price...

Inflation for October has been revised upwards to 3.68 per cent from the provisional estimate of 3.59 per cent.

15 Jan 2018 12:45 PM IST

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

Govt to invite fresh applications for RBI deputy governor post

Appointment will be made for a period of three years and the person will be eligible for reappointment.

15 Jan 2018 12:18 PM IST

India has been opposing discussions on new issues like e-commerce, SMEs, gender, investment at the World Trade Organisation. (Photo: ANI)

Commerce Secretary urges policy framework to address export financing...

Availability of finance and export finance is constrained and hampers the competitiveness of India's exports.

13 Jan 2018 12:02 PM IST

Powerloom industry in Malegaon also facing similar problems.

Factory output growth hits 17-month high of 8.4 pc in November

IIP growth for Oct 2017 has been revised downwards to 2 pc from provisional estimates of 2.2 released last month.

13 Jan 2018 10:00 AM IST

The prices of non-local vegetables like cabbage, gourds, beetroot, onions, cucumber, were stable. (Representational image)

High food prices push India's retail inflation to 17-month high of 5.2...

Annual retail food inflation rose 4.96 per cent in December from 4.35 per cent in the previous month.

12 Jan 2018 7:06 PM IST

Maharashtra Finance Minister Sudhir Mungantiwar

MUDRA loans disbursed to over 50 lakh persons in 2 years in Maha

Under MUDRA, 50,38,000 persons have been given loans in the past two years.

12 Jan 2018 5:23 PM IST

DBS Bank recently conducted a similar initiative in India named Ideathon to identify talent from top business schools across India.

DBS: India's economy likely to grow by 6.6 per cent in FY18

Bank sees an improvement in investments at 4.5 per cent in FY18 from 2.4 per cent in FY17.

12 Jan 2018 4:39 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

I-T dept attaches benami properties worth Rs 3,500 crore

Benami Act defines a benami transaction as a transaction where a property is held by or transferred to a person.

11 Jan 2018 1:36 PM IST

RBI, however, kept retail inflation target of 5 per cent for the fourth quarter of the fiscal and the medium-term target of 4 per cent within a band of +/- 2 per cent while supporting growth.

Indian retail inflation likely hit a 17-month high in December

Wholesale price index likely rose marginally to 4.00 per cent in December from November's 3.93 per cent.

11 Jan 2018 12:55 PM IST