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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).Business
Anti-profiteering GST body to scan cases of undue profit of over Rs 1...

A 5-member National Anti-Profiteering Authority will be set up to monitor traders who do not pass on GST benefit to...

23 July 2017 11:46 AM IST

As much as Rs 280 crore of undisclosed amount was unearthed by Income Tax teams in raids and surveys, post demonetisation in the Telugu states.Business
I-T surveys revealed 'undisclosed income' of Rs 71,941 crore in 3 yrs

The Centre gave details of the unaccounted income for 3 years from April 1, 2014 to February 28, 2017.

23 July 2017 10:55 AM IST

Finance minister Arun JaitleyBusiness
Govt working for transparent, cleaner money for political parties:...

Finance Minister had capped anonymous cash donations to political parties at Rs 2,000 in budget.

22 July 2017 5:02 PM IST

RBIs newly-appointed Deputy Governor and noted economist Viral AcharyaBusiness
Cleaning of banks' balance sheet top priority: Viral Acharya

Banks are saddled with non-performing assets (NPAs) of over Rs 7 lakh crore.

22 July 2017 4:36 PM IST

\The dollar and Treasury bond yields initially fell while equities soared on the news,\ said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange.Business
Forex reserves at record high of $389.059 billion

Reserves had marginally declined by $161.9 million to $386.377 billion previous week.

22 July 2017 4:23 PM IST

Union Minister Smriti Irani (Photo: PTI)Business
Adopt GST and become part of history: Irani to biz community

Irani said GST was supported by all political parties in Parliament which is a rare achievement.

22 July 2017 4:04 PM IST

Finance Minister Arun Jaitley speaking at Delhi Economics Conclave 2017.Business
Govt working on tracking invisible economy, says Arun Jaitley

Finance Minister added Election Commission has failed to keep stringent check on political funding.

22 July 2017 2:03 PM IST

Union finance minister Arun JaitleyBusiness
Demonetisation, GST to widen tax base, make cash dealing difficult:...

Govt has come out with laws to contain overseas black money as well as those dealing with domestic black money.

22 July 2017 1:30 PM IST

1.5 Lakh traders in the state have registered for GST but are clueless of the way forward.Business
Deadline for GST composition scheme extended till Aug 16

New registered taxpayers can opt for the composition scheme at the time of registration.

21 July 2017 7:59 PM IST

The projects are strategically situated in CEZs (Coastal Economic Zone) with proximity to ports and will give boost to the EXIM trade for food processing sector. (Photo: Representational Image)Business
Govt eyes USD 10 billion investment in food processing sector

Scheme will benefit 20 lakh farmers and generate 5,30,500 direct and indirect employment in the country.

21 July 2017 6:09 PM IST

Finance Minister Arun JaitleyBusiness
Arun Jaitley introduces bill to repeal SBI Subsidiary Banks Act

Five associates and Bharatiya Mahila Bank became part of SBI beginning April 1.

21 July 2017 6:03 PM IST

The need for a mode for digital payments has forced people to open bank accounts, opt for smart cards and even get on to the internet with and take help from digital payment apps to ease out the payment modes.Business
Rs 12,000 crore worth of digital transactions carried out: Govt

IT Minister Ravi Shankar Prasad says govt was taking several steps to secure digital payments.

21 July 2017 5:47 PM IST

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