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RBI governor Urjit Patel during press meet in Mumbai. (Photo: AP)

5 questions on demonetisation Urjit Patel has to answer today

RBI governor has been summoned before a parliamnetary panel to answer questions about note ban.

12 July 2017 11:48 AM IST

The Powerloom scheme will come into force from April 1(Photo: Youtube screengrab)

Powerloom owners across country oppose 5 per cent GST on fabric

Report says many of cloth making units have stockpile of unsold fabric as no one is buying them.

12 July 2017 10:37 AM IST

Under UDAN, the participating airlines would be extended VGF (viability gap funding) -- that would be jointly funded by the Centre and the state government concerned.

IB raises red flag over allowing 100 per cent FDI in domestic airlines

Allowing foreign players to fully own domestic carriers might pose threat to national security.

12 July 2017 10:29 AM IST

Dealers will ensure that the prices are updated at the fuel stations before the start of sale every day. Updated prices will be immediately exhibited at all petrol pumps to help the public.

Fuel prices in Maha to come down as surcharge to be slashed

Prices of petrol will come down in the range of 66 paise to Rs 1.77 per litre depending on the local taxes.

12 July 2017 9:35 AM IST

70% of the complaints about overpricing on the pretext of GST are from semi-urban and rural areas which have lower levels of awareness.

CA, CS papers to include GST

Experts feel that students are studying irrelevant data as it is based on the old system.

12 July 2017 1:07 AM IST

Finance Ministry clarified there will be no GST on prasadams or free food supplied by religious institutions. Photo: ANI

Food offered at religious places exempt from GST: Finance Ministry

However, some ingredients or inputs required for making these foods would be taxed under GST.

11 July 2017 5:23 PM IST

Former Reserve Bank of India Governor C Rangarajan

Initiative for merger should come from banks: Rangarajan

Recently, State Bank of India merged five associates with itself and government is looking to consolidate few more.

11 July 2017 4:48 PM IST

Law and IT Minister Ravi Shankar Prasad

Nearly 67 crore bank accounts seeded with Aadhaar: IT Minister

CSCs are providing 300 services today, from GST training to training on digital payments.

11 July 2017 4:46 PM IST

Along with the revision in the slabs for room tariffs, the tax rate for air-conditioned restaurants including restaurants in 5 star hotels will have GST at 18 per cent, effective July 1, 2017.

GSTN helpdesk gets 10,000 calls per day; to double manpower to 400

GSTN helpdesk also provides assistance by sharing video and tutorials with businesses or traders.

11 July 2017 4:07 PM IST

For over a year, India had been the fastest growing economy, second only to China. This has now changed.

Can India replace China as 'world's factory', asks Chinese daily

India is becoming more attractive to foreign firms but its path of reforms, including GST will be difficult, it said.

11 July 2017 4:01 PM IST

The RBI on Saturday said banks would need to transfer 100 percent of their cash under the RBIs cash reserve ratio from deposits generated between Sept. 16 and Nov. 11.

Govt to push Banking Regulation Bill in Monsoon Session

Govt also working on Banning of Unregulated Deposit Schemes and Protection of Depositors Interests Bill.

11 July 2017 3:50 PM IST

Income Tax Departments new app Aaykar Setu is a one-stop solution for all your tax worries.

Aaykar Setu: 8 reasons why this app will sort all your tax worries

'Aaykar Setu' was launched by Finance Minister Arun Jaitley and is available on Android 5.0 and above phones.

11 July 2017 2:55 PM IST