Home » Business » Economy

Economy - Page 472

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.

Soon you can change your bank and get same account number

A senior RBI official urged banks to provide Account Number Portability to customers.

31 July 2017 5:24 PM IST

The tax department also has data on repayment of loans in cash, RTGS transfer and withdrawal, post cash recall.

Your ITR form will not be processed until you link Aadhaar with PAN

CBDT has allowed filing of I-T returns till Aug 5; taxpayer will have to link Aadhaar with PAN by Aug 31.

31 July 2017 5:14 PM IST

Ms Nirmala Sitharaman

Commerce ministry negotiating 21 trade agreements: Nirmala Sitharaman

Sitharaman also said negotiations for a free trade agreement are a continuous process and it is difficult to set a...

31 July 2017 4:22 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).

GST on garment job works may be lowered to 5 per cent

GST Council may consider removing anomaly in taxation where intermediate goods are taxed at 28 per cent and final output...

31 July 2017 3:35 PM IST

60 per cent of companies, which participated in CII survey, expect real GDP growth to range between 7-8 per cent in FY17.

GDP growth in Jun qtr to be around 6.6 per cent in India: Nomura

India lost the tag of fastest growing economy to China in March quarter with a GDP growth of 6.1 pc.

31 July 2017 3:29 PM IST

In case of any changes between NPR and Aadhaar data, they will update the NPR database on the spot. The NPR database-Aadhaar linkage will be done on the spot if found to be not linked.

Watch: Aadhaar-based payment systems in detail

Know about Aadhaar enabled payment systems for easy banking transactions.

31 July 2017 3:13 PM IST

Revenue Secretary Hasmukh Adhia

5 lakh businesses opt for composition scheme under GST: Adhia

Nearly 71 lakh excise, service tax and VAT assessees have migrated to the GST Network till July 25.

31 July 2017 2:43 PM IST

Trains delays have been reported the most on Mughalsarai- Allahabad-Kanpur-Ghaziabad-Delhi sector of Allahabad division.

Travel from Delhi to Chandigarh no more a pain, train time cut to 2...

It is likely to cost over Rs 10,000 crore with about Rs 46 crore per kilometre for running trains at 200 kmh.

31 July 2017 2:10 PM IST

The RBI under governor Urjit Patel has also been criticised recently after surprising investors by keeping interest rates on hold last week, the second time in a row it has wrong-footed investors with its monetary policy decision.

DBS expects RBI to cut its policy rates by 0.25 per cent

Real interest rates are also high about 400 basis points compared to RBI's preference for 1.25-1.75 pc.

31 July 2017 1:16 PM IST

Union minister Bandaru Dattatreya

43 per cent employees in unorganised sector: Dattatreya

Ministry of labour and employment is committed for the social security of the labour force in the country.

31 July 2017 12:59 PM IST

The Income-Tax Department has sent out letters to more than 10,000 assessees, most of them pensioners, for attempted tax evasion, especially on income from sources other than pension.

120 hours more to file your I-T returns, date extended till Aug 5

Earlier, tax authorities had indicated that they will not extend deadline beyond July 31.

31 July 2017 12:12 PM IST

The GDP had grown by 7.9 per cent in 2015-16. But the Survey has admitted its estimates may not have fully captured the impact of demonetisation as it does not record activity in the informal sector, where a majority of Indians are employed. (Representational image)

India to grow 6.5-7.5 per cent over 12-18 months: Moody's poll

The view is in keeping with signs of economic recovery after short-term negative impact of demonetisation.

31 July 2017 12:01 PM IST