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Finance Minister Arun Jaitley and RBI governor Urjit Patel at an undated event. (Photo: PTI)

RBI guv Urjit Patel backs more funds for PSU banks to end bad loans...

Patel says extra funds could be raised at market and through govt diluting its stake in state-run banks.

19 Aug 2017 12:53 PM IST

Revenue Secretary Hasmukh Adhia with Finance Minister Arun Jaitley. (Photo: PTI)

Post-demonetisation taxpayers numbers not inconsistent: Fin Min

Modi in his I-Day speech had said around 56 lakh new taxpayers were added post-demonetisation.

19 Aug 2017 11:20 AM IST

Income tax investigators raided as many as 35 premises belonging to 7 finance firms in Salem, Karur and Tirupur since Thursday night, I-T sources said here on Friday.

No inconsistency in number of tax payers: CBDT

Number of individuals filing income tax returns has jumped to 2.79 cr this year from 2.23 crore last year.

18 Aug 2017 8:05 PM IST

Reserve Bank of India

RBI may deliver final rate cut in Dec after pausing in October: BofAML

The note said that inflation risks are being 'overdone' and a cool-off in price rise will make RBI cut rates.

18 Aug 2017 5:38 PM IST

The CBEC has now notified the dates for filing the GST returns forms.

Form to claim past credit under GST expected from August 19

Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal.

18 Aug 2017 4:09 PM IST

Finance minister Arun Jaitley

Jaitley asks states to cut VAT on natural gas, other fuel

Jaitley requested other states to explore possibility of having a lower rate of VAT on petroleum products.

18 Aug 2017 1:45 PM IST

The government has suspended Bodhan assistant commercial taxes officer Vijay Kumar, senior assistants Venugopala Swamy, Naga Raju, and junior assistant, Hanuman Singh and has registered criminal cases against them. (Representational image)

India will benefit from growing tax revenue in FY2018: DBS

As of April-July direct taxes were up 19 per cent Year on-Year and indirect up 16 per cent (April-June).

18 Aug 2017 1:11 PM IST

Businesses availing trasnitional credit can file GST returns till August 28. Photo: GSTN website screengrab

GSTR extension: Availing transitional credit? You can file GST returns...

Taxpayers not claiming transitional credit will have to pay tax and file return in Form 3B before due date of 20 August.

18 Aug 2017 11:53 AM IST

However, employers will also have the option to pay wages in cash. (Photo: File)

Doubling of minimum wages to hit exports, jobs: AEPC

Minimum wages in the garment industry if doubled to Rs 18,000 per month will jack up costs.

17 Aug 2017 6:59 PM IST

Despite NMDC slashing iron ore prices by 8-9 per cent last week and cooking coal rates plunging from their February peak by over 50 per cent, steel makers are not prepared to cut steel prices.

Indian steel makers' earnings to be steady: Moody's

Asian steel industry to stable from negative on expectation that profitability will remain steady.

17 Aug 2017 6:54 PM IST

BSNL on Thursday said it expects revenue from operations for 2016-17 to be flat at Rs 28,477 crore.

BSNL sees FY17 revenue holding up despite 'tough' competition

BSNL Chairman and Managing Director Anupam Shrivastava said BSNL will be 'EBITDA positive' for FY17.

17 Aug 2017 5:51 PM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

For the first time, India's forex reserves may cross $400 billion mark...

The pace of forex accretion has been the strongest since 2015, said a report by Morgan Stanley.

17 Aug 2017 5:15 PM IST