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PAN card is an important document for filing income tax returns.

11.44 lakh PANs deleted as people found having multiple PANs: Gangwar

PAN is key identifier of taxable entity and aggregator of all financial transactions undertaken by one person.

2 Aug 2017 10:49 AM IST

The recent measures taken by the Reserve Bank of India (RBI) to resolve non performing assets (NPAs) in the banking system under the Insolvency and Bankruptcy Code (IBC) would require banks to take a 60 per cent haircut on their loan assets, ratings agency Crisil said on Monday.

RBI seen cutting policy rate by 25 bps to 6-1/2 year low

Forty of 56 economists polled by Reuters predicted that RBI will cut its repo rate by 25 basis points to 6 per cent.

2 Aug 2017 10:20 AM IST

Over 2 lakh traders have enrolled into the GST network but there are many who still have to finish the formalities.

Next GST Council meet to decide on anti-profiteering mechanism:...

Anti-profiteering law states that businesses have to pass on benefits arising out of lower taxes to consumers.

2 Aug 2017 9:56 AM IST

Defence Minister Arun Jaitley (Photo: PTI)

RBI will give demonetised notes' figure after counting, says Arun...

He said that RBI had received the last tranche of scrapped notes of Rs 500 and Rs 1,000 in July and will take time to...

2 Aug 2017 9:35 AM IST

Standard and Poors

PSU banks need Rs 1.9 lakh cr capital by March 2019: S&P

S&P expects the government's commitment of support to PSU banks remains in place.

1 Aug 2017 6:52 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Banks restructure corporate loans of Rs 2.04 lakh cr in FY17

Amount of corporate loans restructured by lenders has seen a decline in the last three financial years.

1 Aug 2017 6:29 PM IST

A student from Hyderabad is stranded in the United Kingdom as the cash-strapped Telangana States minority welfare department has not released the money for his scholarship, saying the budget is not yet out.

Direct tax collection up 21.4 per cent at over Rs 1.80 lakh crore till...

Govt aims to widen tax base and collect Rs 9.8 lakh crore through direct taxes in 2017-18.

1 Aug 2017 6:27 PM IST

NITI Aayog Vice-Chairman Arvind Panagariya

Panagariya to leave Niti Aayog, get back to academics

Columbia University was not giving him further extension and he would be leaving Niti Aayog on August 31.

1 Aug 2017 5:01 PM IST

This step follows Trai examining replies furnished by Jio to its letter seeking explanation after the company announced free data and voice calls for existing and new customers under the Happy New Year offer.

Trai gives recommendations on norms for shutting down services

Trai has also recommended specific timelines for DoT to revert to companies with objections.

1 Aug 2017 4:25 PM IST

The domestic medical devices industry is small, with a disproportionate reliance on imports and a complex regulatory environment. (Representational Image)

Medical devices to carry MRP on packs from Jan 1, 2018, says govt

The ministry of consumer affairs, food and public distribution has issued amendments making rules 'applicable to medical...

1 Aug 2017 3:58 PM IST

Niti Aayog Vice-Chairman Arvind Panagariya

Niti Aayog vice-chairman economist Arvind Panagariya resigns

Panagariya was first vice-chariman of newly-formed planning think tank Niti Aayog.

1 Aug 2017 3:25 PM IST

RBI Governor Urjit Patel

RBI's bi-monthly MPC meet begins, 25 bps cut in repo rate likely

The central bank is meeting on August 1 and 2, which is third such meeting this year.

1 Aug 2017 3:11 PM IST