Finance - general

GST revenue collection drops to Rs98,202 crore in August

03 Sep 2019

Finance minister sees gradual reduction in tax rates for bigger corporates

20 Aug 2019

Task force on direct tax code submits report

20 Aug 2019

The task force, headed by Principal Chief Commissioner of Income Tax, Akhilesh Ranjan, is reported to have recommended significant relief for taxpayers, including an across-the-board 25 per cent tax rate for corporates and a new 5-20 per cent slab to benefit middle and upper middle class

CBDT makes digital records mandatory for all I-T Dept communications

16 Aug 2019

I-T raids on TN firms find more than Rs700 cr undisclosed income

13 Aug 2019

Monetary limits for filing of appeals by I-T Dept further enhanced

09 Aug 2019

SC seeks confirmation on WhatsApp's compliance with local data rules

02 Aug 2019

GST revenue collection in July up 5.8% at Rs1,02,083 crore

02 Aug 2019

GST rate on electric vehicles, chargers reduced to 5%

29 Jul 2019

GPF interest rate for July-September reduced by 10 bps to 7.9 per cent

17 Jul 2019

RBI imposes Rs7-cr fine on SBI for violation of norms

16 Jul 2019

RBI offers additional liquidity to banks to deal with NBFC/HFC exposure

09 Jul 2019

Custom duty changes to provide level playing field to domestic industries

05 Jul 2019

IMF chief Christine Lagarde to succeed Mario Draghi as ECB president

03 Jul 2019

Lagarde, who successfully used her diplomatic skills to steer the IMF out of the policy muddle following the 2008 financial crisis, will now be pitched into an economic power house that is split between anti-austerians and expansionists as president of the ECB

India’s external debt rises by 2.6% to $543 billion in FY19

01 Jul 2019

Foreign-owned assets in India up $45.2 billion to $436.4 billion in FY19

01 Jul 2019

ED attaches Sterling Biotech assets worth Rs9,778 cr in bank fraud case

27 Jun 2019

Promoters of Sterling Biotech diverted loan funds for non-mandated purposes, layered and laundered through a web of multiple domestic as well as offshore entities, siphoned off loan funds to finance their Nigerian oil business, and even used these for their personal purposes, the ED stated

RBI wants all payment system data to be stored within the country

27 Jun 2019

While there is no bar on processing of payment transactions outside India, if so desired by the payment system operators (PSOs), RBI said such data should be deleted there and brought back to India within 24 hours

SPV suggested for crowd sourcing of MSME investments

26 Jun 2019

RBI panel recommends handholding of MSMEs

26 Jun 2019

The committee wants the government to make it mandatory for PSUs/government departments to procure the mandated 25 per cent from MSEs through the GeM portal and further develop the portal as a full-fledged market place for MSE sellers

Govt claims success with its banking sector reforms

26 Jun 2019

Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry

RBI Dy governor Viral Acharya resigns 6 months before term ends

24 Jun 2019

Although Acharya has not announced his plans yet, since the timing of his resignation coincides with the start of academic term in the US, he must probably be returning to academia