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Although vigilance proceeding against directors are carried out by the Finance Ministry, the department proceedings or criminal proceedings against officials are carried out by bank itself.

Finance Ministry writes to heads of PSU banks on consolidation

The government has exempted mergers of nationalised banks from seeking fair trade watchdog CCI's approval.

3 Sept 2017 1:36 PM IST

Millions of companies in India are still not ready to file their first returns under the new Goods and Services Tax (GST) ahead of an Aug 20 deadline.

Centre waives off penalty on late-filing of GST returns

However, the interest on the late returns submitted will have to be borne by taxpayers.

2 Sept 2017 5:39 PM IST

U. B Pravin Rao stepped in as the interim CEO after Sikka resigned. Rao joined Infosys way back in 1986 and thus has an experience of more than 30 years in the company. (Photo: PTI)

Infosys seeks shareholder nod to appoint U B Pravin Rao as MD

He will continue to hold the position of interim-CEO and MD for a maximum of five years.

2 Sept 2017 5:02 PM IST

K Chandrashekhar Rao

GST Council may examine lowering tax slab for govt projects: Telangana...

Jaitley also assured that the GST Council would take up the issue of lowering tax slab on government projects in the...

2 Sept 2017 3:32 PM IST

NHAI on Friday rolled out a dedicated lane for FASTag vehicles.

Zoom through FASTag lanes in toll plazas! Here is how you can get one

NHAI on Friday rolled out dedicated lanes for FASTag vehicles for hassle-free transportation.

2 Sept 2017 3:22 PM IST

EPFO is a retirement fund body that has a savings corpus of Rs 6.5 lakh crore. (Photo: Representational/PTI)

EPFO goes digital! Checking EPF balance is now a click or call away

One can check their EPF balance via the EPFO official website, the EPFO app or via missed call.

2 Sept 2017 1:46 PM IST

A 59-year old woman transformed her appearance through plastic surgery in order to avoid $3.71 million of personal debts. (Photo: Pixabay)

India's public debt rises 3.6 per cent to Rs 63.35 lakh crore in June

The total public debt of the government was Rs 61.13 lakh crore as of March-end.

2 Sept 2017 11:57 AM IST

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. Photi:

More bad loans: RBI asks Axis Bank to finalise resolution of 12 NPAs...

In a regulatory filing, the private sector lender said it has a total exposure of Rs. 2,492 crore in these 12 accounts.

2 Sept 2017 11:23 AM IST

On Friday, the rupee had firmed up by 2 paise to settle at 67.02 a dollar.

Stronger rupee hits India's already slowing economic growth

The rupee has risen more than 6 percent this year against the dollar, snapping six consecutive years of depreciation.

2 Sept 2017 11:06 AM IST

The manufacturing sector, which is crucial for the government to generate jobs, shrank by three per cent in April.

Manufacturing sector bounces back into growth zone: PMI

A rebound in manufacturing sector bodes well for a higher GDP growth rate in current July-Sept quarter.

1 Sept 2017 6:21 PM IST

RepresentaioAccording to CSO, GDP growth in 2016-17 is estimated at 7.1 per cent as compared to 7.6 per cent in 2015-16.nal image.

GDP growth at 5 per cent under old series; analysts cut FY18 estimates

GDP growth in the first quarter of 2017-18 was lower than 6.1 per cent.

1 Sept 2017 6:15 PM IST

The rules will enable operators to improve coverage and capacity and address the issue of call drops, ultimately benefiting consumers.

Aiming to reduce call drop rate by another 8 per cent by Dec: Telecom...

Call drop rate in the country has come down by 8 per cent in the last one year.

1 Sept 2017 5:52 PM IST