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Subsidised LPG now costs Rs 477.46 per 14.2-kg cylinder in Delhi. It was priced at Rs 419.18 in June last year.

No LPG subsidy from March

Govt has asked OMCs to increase LPG prices by Rs 4 every month till entire subsidy is removed.

1 Aug 2017 2:59 PM IST

Union Minister Ramvilas Paswan (PTI)

Wheat at Rs 2 per kg, rice at Rs 3 to be provided till 2018

FCI guarantees hiring of the godown constructed by a private party for 10 years.

1 Aug 2017 1:45 PM 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 restricts NRIs to buy more shares in Asian Hotels (West)

Foreign shareholding in the company by NRIs has breached limit of 10 per cent of its paid up capital, said RBI.

1 Aug 2017 1:42 PM IST

The Nikkei Markit India Manufacturing Purchasing Managers Index (PMI) a gauge of manufacturing performance fell to 52.3, down from a 22-month high of 54.4 in October. (Representational image)

July factory activity contracts on confusion over GST implementation

Nikkei/IHS Markit Manufacturing Purchasing Managers' Index fell to 47.9 in July from June's 50.9.

1 Aug 2017 1:33 PM IST

Government bears about Rs 70,000 crore annually as fertiliser subsidy to provide cheaper nutrients to farmers. (Representational image)

2 lakh PoP machines installed for roll out of fertiliser DBT

DBT in the fertiliser sector has been undertaken in 19 districts and it was successful in 16 of them.

1 Aug 2017 1:19 PM IST

RBi has asked banks to ensure that more than Rs 5,000 demonetised currency is deposited only in KYC compliant accounts.

What is RBI's rate cut and why it could affect your loans

A rate-cut by RBI implies that commercial banks will be borrowing money from the central bank at a lesser rate.

1 Aug 2017 11:48 AM IST

Ms Nirmala Sitharaman

India-Bhutan new trade pact comes into force from Jul 29

The pact provides for free trade regime between the countries and gives duty free transit of Bhutanese goods.

1 Aug 2017 9:52 AM IST

Reserve Bank Deputy Governor S S Mundra

RBI asks banks to enable account number portability

Banks should look forward to providing more choices to the new generation of customers.

31 July 2017 8:41 PM IST

The TS government has suspended four officials and registered criminal cases against them. Action has also been taken against the tax consultants. (Representational image)

CBDT signs 9 advance pricing pacts with taxpayers in July

Progress of the APA scheme strengthens the Govt's commitment to foster a non-adversarial tax regime.

31 July 2017 8:30 PM IST

Traders and sellers in the city who usually offer huge discount on products have suddenly stopped offering it in the name of Goods and Services Tax (GST).

CAIT demands relook of items under 28 per cent GST slab

A lot of confusion prevailed among traders over GST rates, applicability of HSN Codes.

31 July 2017 8:04 PM IST

The GHMC has issued red notices to City Central Mall, Big Bazaar at Himayatnagar and Topaz Building at Somajiguda for not paying property tax for over two years.

Govt extends ITR deadline to Aug 5; Aadhaar-PAN linking to Aug 31

CBDT received taxpayers' complaints that they were unable to log on to e-filing website of I-T dept.

31 July 2017 6:29 PM IST

Bahrain, one of the countries in Gulf Corporation Council, which is tax-free, is inviting industries in such sectors by providing infrastructure along with incentives like 100 per cent foreign ownership, no restrictions on recruitment for a certain period, land on lease at low rates and providing pre-furnished office space at nominal rents.

Core sector growth falls to 0.4 per cent in June

Slow growth in key sectors would also have implications on the Index of Industrial Production.

31 July 2017 6:28 PM IST