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For over a year, India had been the fastest growing economy, second only to China. This has now changed.

India Ratings projects economic growth at 7.1 per cent next fiscal

Ind-Ra expects retail and wholesale inflation to come in at 4.6 per cent and 4.4 per cent.

18 Jan 2018 3:41 PM IST

Post 2014 general election, FDI inflows saw a compound annual growth rate of 11 per cent. (Photo: PTI)

Foreign exchange earnings in 2017 grow by 17 per cent in 2017

Growth rate in FEEs in rupee terms in December 2017 over December 2016 has increased to 17.9 per cent.

18 Jan 2018 10:40 AM IST

Finance Minister Arun Jaitley at the 22nd meet of the GST Council on Friday declared that each exporter will get an e-wallet where a notional amount will be paid to him/her as advance credit through which they can pay their taxes.

GST Council may simplify returns filing norms on Thursday

GSTN has launched an initial trial run for e-way bill mechanism in which 10 states have joined.

18 Jan 2018 10:30 AM IST

The TS government is determined to bring officials involved in commercial taxes scam to book, though some are now working for the AP government.

Direct tax mop-up jumps 19 per cent to Rs 6.89 lakh crore this fiscal

Collections till January 15, 2018 represent over 70 pc of Rs 9.8 lakh crore revenue target from direct taxes.

17 Jan 2018 5:31 PM IST

A phobia of the Rs 10 coin has gripped the people of East Godavari.

All 14 types of Rs 10 coin valid, legal tender: RBI

RBI has also asked banks to accept coins for transactions and exchange at all their branches.

17 Jan 2018 3:26 PM IST

Despite being the fastest growing economy with high forex reserves and good foreign investments, pain points still continue. (Representational image)

Govt lowers additional borrowings to Rs 20,000 crore in FY18

Govt has budgeted gross and net market borrowings at Rs 5.8 lakh crore and Rs 4.23 lakh crore, respectively in 2017-18.

17 Jan 2018 10:19 AM IST

The RBI has cancel

Bonds fall after RBI deputy says banks face high interest rate risk

Benchmark 10-year bond yield was at 7.54 per cent, up 10 basis points on the day.

16 Jan 2018 12:37 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 up 12.36 per cent in December; trade deficit widens to 3 year...

Exports had totalled USD 274.64 billion in 2016-17, up from USD 262.29 billion in the preceding industry.

16 Jan 2018 10:30 AM IST

With a major chunk of the new middle class falling in the above Rs 10 lakh per annum income group, the proposed move will be a windfall for them. (Photo: File)

Budget 2018: Govt may cut top I-T slab from 30 per cent to 25 per cent

Thirty per cent income tax is applicable to those having income of more than Rs 10 lakh per annum.

16 Jan 2018 8:56 AM IST

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