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Union Minister for Finance and Corporate Affairs, Arun Jaitley addresses a Press Conference in National Media Centre in New Delhi on Tuesday. (Photo: PTI)

Business

Govt introduces bill on GST compensation cess in Lok Sabha

An ordinance to hike GST cess on a range of cars from mid-size to hybrid variants to luxury ones to 25 pc.

22 Dec 2017 5:09 PM IST

The employees are on the warpath over the issue. They said that though the banks earned Rs 1.59 lakh crore profit in the last financial year, they suffered Rs 11,388 crore loss due to the bad loans. (Representational image)

Business

Banks lost nearly Rs 17,000 crore to frauds last fiscal: Finance...

RBI has advised banks from time to time to enhance security arrangements at their branches and ATMS.

22 Dec 2017 4:38 PM IST

Business

Committed to raising India's share in global trade: Suresh Prabhu

Prabhu said that both imports and exports contribute significantly to improving the country's GDP.

22 Dec 2017 2:55 PM IST

Business

GST regime more primitive than VAT: Amit Mitra

Mitra optimistic about the overall growth of exports from West Bengal.

22 Dec 2017 2:36 PM IST

While Switzerland has conformed to the global standards on automatic exchange of information with the signing of the declaration, India, on its part, has promised to safeguard the confidentiality of the data. (Photo: File)

Business

Black money: Pact inked, Switzerland to exchange info with India from...

Sources say that several info requests on details about Indians who had accounts in Swiss banks are still pending.

22 Dec 2017 8:20 AM IST

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

Business

RBI urges caution against inflation

RBI's monetary policy committee voted 5-1 on December 6 to keep the policy rate on hold at 6 per cent.

22 Dec 2017 3:15 AM IST

Business

Budget to focus on rural areas

Modi has his hands tied after Gujarat.

22 Dec 2017 3:11 AM IST

Maharashtra Finance Minister Sudhir Mungantiwar

Business

Traders owe Maha govt sales tax of Rs 2,860 crore: Sudhir Mungantiwar

Traders with dues of more than Rs 5 lakh and efforts to trace them has been initiated with the help of banks.

21 Dec 2017 1:54 PM IST

The announcement regarding the constitution of the five-member panel was made on Monday. In picture: Bibek Debroy. (Photo: PTI)

Business

India likely to be USD 6.5-7 trillion economy by 2030: Debroy

Per capita income in India by 2030 will however be just USD 4,000, still less than many other countries.

21 Dec 2017 1:39 PM IST

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