Finance - general
Modi claims success with GST, credits it to states
25 Jun 2018
The GST scheme has replaced inspector raj with information technology — everything from return to refund is done online – and added 5.4 million new tax payers, Prime Minister Narendra Modi said
IDBI Bank’s MK Jain appointed RBI deputy governor
05 Jun 2018
A career banker, Jain has previously served as the CEO of Indian Bank and since his move to IDBI Bank, he has been focused on cleaning up the bank’s balance sheet and has moved to divest several non-core assets to help release capital
Govt mulls GST on virtual currency trading
24 May 2018
While any decision to tax cryptocurrencies will hinge on the outcome of the panel set up to suggest ways to regulate them, taxing virtual currencies would indirectly give them a legal status
India remains at top of global remittances chart with $69 bn in 2017
24 Apr 2018
Remittances to India picked up sharply by 9.9 per cent to $69 billion in 2017, reversing the previous year's dip, but were still short of the $70.4 billion received in 2014
President gives assent to Fugitive Economic Offenders Ordinance
23 Apr 2018
President Ram Nath Kovind on Sunday gave his assent to two important ordinances that prescribes deterents against fugitive economic offenders and those involving crimes against children. With the President’s assent these two ordinances have now come into effect