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BT Online
New Delhi, November 23, 2017
The reports emerged when Secretary General of Confederation of All India Traders (CAIT) said on Wednesday that "in all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions."
Anand Adhikari
New Delhi, November 23, 2017
The ordinance also paves the way for new team to take over and turnaround the company. But there is likely to be complications in willful defaulters cases
BT Online
New Delhi, November 23, 2017
In addition to restrict such persons from participating in the resolution or liquidation process, the amendment also provides such check by specifying that the Committee of Creditors ensure the viability and feasibility of the resolution plan before approving it.
PTI
November 23, 2017
The Finance Ministry has informed Congress MP Shashi Tharoor that his suggestion to increase the tax exemption limit for pension up to Rs 5 lakh would be examined during the ongoing preparations for the Union Budget 2018, according to a communication.
Dipak Mondal
New Delhi, November 23, 2017
This comes close on the heels of comments made by Prime Minister Narendra Modi during the annual conference of tax officers in September that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted.
BT Online
New Delhi, November 22, 2017
The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry
BT Online
New Delhi, November 21, 2017
In her letter to all the major FMCG companies, Sarna pointed out the need to immediately revise the maximum retail price on all the products for which the tax reductions have been announced by the GST Council.
PTI
New Delhi, November 19, 2017
Lower taxes and higher public expenditure could widen budget deficit in 2017-18, but steps taken by the government to broaden the tax base and improve spending efficiency would help in narrowing it going forward, US-based rating agency Moody's said.
BT Online
New Delhi, November 17, 2017
Moody's has upgraded India's ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive after a gap of 13 years. India's sovereign credit rating was last upgraded in January 2004 to Baa3 (from Ba1).
BT Online
New Delhi, November 17, 2017
While Finance Ministry has urged states and traders to conform to this norm, National Anti-profiteering Authority (NAA) will be able to ensure this on a more proactive manner.
PTI
New Delhi, November 15, 2017
As many as 178 items of daily use have been shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both air-conditioned and non-AC.
Reuters
November 11, 2017
Bankers and policymakers fear India could be throwing good money after bad with the capital injection announced last month, unless it tightens lending rules and institutes governance reforms to insulate banks from political pressure.
BT Online
New Delhi, November 10, 2017

The government implemented the changes suggested by the 7th Pay Commission regarding pay and pension back in June 2016, whereas the modifications in the allowance structure for central government employees were brought into effect from July earlier this year.

BT Online
November 11, 2017
The GST Council, which held its 23rd meeting in Guwahati on Friday reduced the tax rate on 178 items from 28 per cent to 18 per cent. GSTCouncil also brought all AC and non-AC restaurants in the 5 per cent GST bracket without the input tax credit.
PTI
November 6, 2017
The Appointments Committee of the Cabinet has approved designating Adhia as the Finance Secretary, the order issued by the Department of Personnel and Training said.
Dipak Mondal
November 6, 2017
This is not the first time that such information has come to fore. Earlier also in similar expose, 11.5 million documents related to Panama-based law firm Mossack Fonseca were leaked.
PTI
New Delhi, November 5, 2017
The finance ministry may infuse about Rs 70,000 crore through recapitalisation bonds in the NPA-hit public sector banks in the next four months, sources said.
BT Online
New Delhi, November 2, 2017
The subscriber joining the NPS after the age of 60 would be eligible to continue in the system up to the age of 70 years and during this period the subscriber may continue to contribute.
Mail Today Bureau
October 31, 2017
Consumer complaints have been pouring in that some retailers charge GST over and above the MRP of products and the group of ministers recommendation aims to address this problem.
BT Online
October 31, 2017
The union government on Monday extended the last date for filing of GSTR-2 for the month of July to November 30, 2017. Form GSTR-2 reflects inward purchases made by a business whereas GSTR-3 contains the monthly summary of sales and purchases along with the tax liability.
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