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The SIT, headed by Justice M.B. Shah (retired), in July 2016 had submitted its fifth report to the Supreme Court on steps needed to curb black money and had suggested banning cash transactions above Rs 3 lakh and capping the cash holdings of individuals and companies at Rs 15 lakh. (Representational image)

ECGC declares dividend of Rs 72.50 crore: Commerce Ministry

It also said that the corporation has posted profit before tax of Rs 407 crore in FY2016-17, an increase of 5 per cent...

10 Aug 2017 8:33 PM IST

The old Rs 500 and Rs 1000 notes returned to RBI and Currency Chests amounted to Rs 12.44 lakh crore as on December 10.

Note ban effect: RBI halves dividend payment to govt to Rs 30,600...

The central bank in 2016 had paid Rs 65,876 crore dividend to the government.

10 Aug 2017 8:24 PM IST

BSNL will offer special benefit plans on roaming as well from August 15.

BSNL to offer special benefits plans even on roaming from Independence...

BSNL was the first operator to provide free national roaming on June 15, 2015.

10 Aug 2017 7:36 PM IST

The decision comes close on the heels of the merger that took SBI into the top 50 largest banks in the world with a balance sheet size of Rs 41 lakh crore, 500 million customers.

Lok Sabha passes bill approving SBI merger with associate banks

The merger will bring about increased capital base and increased ability to give loans, said MoS for Finance Santosh...

10 Aug 2017 7:09 PM IST

Boeing has assured that everything you see in the video has been performed for real by expert pilots and the whole thing has been shot with a helicopter and a chase plane.

Pilots oppose DGCA's 1-year notice period proposal, term it...

DGCA had earlier mooted the proposal after airlines complained that pilots often 'blackmail' them by threatening to...

10 Aug 2017 6:48 PM IST

Union Petroleum and Natural Gas minister Dharmendra Pradhan

Govt bids for use of biofuel in transport, eyes Rs 1 lakh crore...

He said a policy will be developed that will create 'a biofuel economy worth Rs 1 lakh crore in the next two years'.

10 Aug 2017 6:20 PM IST

The implementation of GST and increased surveillance post demonetisation will help increase the tax-GDP ratio to 11.9 per cent by 2019-20, said the government. (Representational Image)

GST, surveillance post demonetisation to increase tax-GDP ratio

The gross tax-GDP ratio in 2017-18 is estimated to be around 11.3 per cent.

10 Aug 2017 5:04 PM IST

Vice-Chairman of NITI Aayog Arvind Panagariya. (Photo: PTI)

Arvind Panagariya calls for tackling general legacy issues

Panagariya is scheduled to leave Niti Aayog on August 31 and will be succeeded by well-known economist Rajiv Kumar.

10 Aug 2017 4:46 PM IST

Industrial output or IIP growth stood at 1.7 per cent in May.

June IIP to be anaemic at 0.3 per cent on GST destocking: BofAML

This could be due to retailers reduced stocks before implementation of GST, says report.

10 Aug 2017 3:08 PM IST

GST Network on Thursday said it has started the facility for registration of casual taxpayers.

'Casual Taxpayer' registration goes live on GSTN portal

A casual taxpayer is one who occasionally undertakes business transactions in a state where he/she has no place of...

10 Aug 2017 2:42 PM IST

Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp. (Photo: AFP/File)

Indian Oil Corp gets govt nod to buy US crude oil every month in 2017

India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy US crude

10 Aug 2017 2:25 PM IST

Cash is back in the circulation as cashless transaction takes a backseat soon after the implementation of the Goods and Service Tax (GST).

Govt capex to rise 25 per cent to Rs 3.9 lakh crore by FY'20

The tax-GDP ratios are projected to be 11.6 per cent in 2018-19 and 11.9 per cent in 2019-20.

10 Aug 2017 1:52 PM IST