Home » Business » Economy

Economy - Page 341

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo:$ Business

Indian bonds hit near 1-1/2-year low on RBI officials' inflation...

India has held the policy repo rate at 6 per cent since last cutting it by 25 bps in August.

21 Dec 2017 1:13 PM IST

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

RBI's key policy rates to remain unchanged in 2018: Nomura

The MPC voted 5-1 in favour of leaving the repo rate unchanged at 6 per cent.

21 Dec 2017 11:22 AM IST

Reserve Bank governor Urjit Patel

RBI Governor flagged concern over rising oil prices at MPC meet

Projections indicate that inflation prints are likely to stay above target from here on.

21 Dec 2017 10:59 AM IST

Printing of Rs 2,000 note may be on hold: SBI research report

Printing of Rs 2,000 note may be on hold: SBI research report

The RBI introduced a new Rs 2,000 note as well as new version of the Rs 500 note after note ban.

21 Dec 2017 1:58 AM IST

Of the 1.2 billion citizens, 4.07 crore filed tax returns in AY16 with close to 82 lakh showing zero or income less than Rs 2.5 lakh. (Representational Image)

Crorepatis see 23.5 per cent rise in FY 15, shows data

Only 1 person managed to breach the Rs 500-crore income mark in the year.

21 Dec 2017 1:51 AM IST

As bitcoin fell, Bitcoin Cash a clone of the original that was generated from another split on August 1 surged, trading up as much as 35 per cent on the day at around $850, according to industry website Coinmarketcap.

Cryptocurrencies can no longer be ignored: Sebi

Currently, India doesn't have any proper law to regulate the issue and trading of cryptocurrencies.

21 Dec 2017 1:40 AM IST

The committee said that a major gap in countrys statistical armoury is the absence of regular employment and unemployment data.

Set up new index for services, says Parliamentary Standing committee

Cites CPI's inability to capture rising costs of services.

21 Dec 2017 1:34 AM IST

As per the Centres calculations, all the states put together should collect GST revenue of Rs 92,000 crore. But, only Rs 81,000 crore was realised, a deficit of Rs 9,000 crore.

GSTN brings in new filing way

This has been done as per decision taken in the Twenty-third GST Council Meeting.

19 Dec 2017 2:02 AM IST

The Commission has to date ordered Apple to pay a record amount of back taxes up to 13 billion euros to Ireland, Starbucks up to 30 million euros to the Netherlands and Amazon 250 million euros to Luxembourg.

EU regulators to probe Ikea's Dutch tax deal

McDonald's and French energy firm Engie are also in the EU crosshairs.

19 Dec 2017 1:52 AM IST

Of this, the proposals involving net cash outgo aggregate to Rs 33,379 crore and gross additional expenditure, matched by savings of the ministries or by enhanced receipts/ recoveries aggregates to Rs 32732 crore.

Centre seeks nod for extra expense

Finance Minister Arun Jaitley moved the second batch of Supplementary Demands for Grants for FY18 in the Lok Sabha.

19 Dec 2017 1:47 AM IST

70% of the complaints about overpricing on the pretext of GST are from semi-urban and rural areas which have lower levels of awareness.

GST Council clears e-way bill mechanism for movement of goods

The Council has fixed February 1 as the compliance date for inter-state movement of goods, sources in the panel said.

16 Dec 2017 4:22 PM IST

Finance Minister Arun Jaitley on Sunday once again hinted that there is scope for lesser slabs under the Goods and Services Tax. Photo: ANI| Twitter

GST Council to meet tomorrow; discuss roll out of e-way bill

An e-way bill is required for movement of goods worth more than Rs 50,000.

15 Dec 2017 3:07 PM IST