Among the areas where Railways Minister Piyush Goyal is working to double the Railways' revenue are signalling, train punctuality and freight capacity. Indian Railways wants to increase its share of freight from 33 per cent to 45 per cent.

How India stores is changing; big money sniffs fortune

Raj Kundra was summoned at the ED office in Mumbai and was asked questions about his involvement in a cryptocurrency trade - which is illegal in India.

Jaitley, 65, was admitted to the hospital on May 12, and the surgery was performed on May 14. Post that, he stayed in isolation ward to avoid infection.

Except Bank of Baroda, all three banks - IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India - are under the RBI's Prompt Corrective Action (PCA) framework. The framework is a mechanism to maintain sound financial health of the banks.

After crossing Rs 1 lakh crore milestone for the first time in April, the GST collection for the month of May has been unable to keep pace with the preceding month. Total gross GST revenue collected in May 2018 stood at Rs 94,016 crore as against Rs 1,03,458 crore in April.

As the NDA government enters its final year, there is a long unfinished agenda that it may not be able to implement by 2019.

Finance Minister Arun Jaitley said that the ten years of the UPA rule had unquestionably witnessed the most corrupt government since Independence. 

It seems that the Modi government's distrust of cryptocurrencies is surpassed only by its keenness to tax that gravy boat.

Misuse of input tax credit is a serious concern for tax authorities as it seems to have created a hole in the system that the enforcement agencies are struggling to fix.

The last time the centre reduced the excise duty on fuel was in October 2017. Though Finance Minister Arun Jaitley had said earlier that the centre favours bringing petroleum products under the GST umbrella, a short-term intervention is unlikely as it may disturb the fiscal deficit situation.

Trump attacks China over US trade deficit  US President Donald Trump today hit out at China for \"fleecing\" his country with hundreds of billions of dollars every year, even as high-level delegations from the two countries were holding intense negotiations in Washington over a series of trade disputes between them.\"China has taken our hundreds of billions of dollars a year from the United States. And I explained to (Chinese) President Xi (Jinping), we can't do that anymor...

Finance Minister Piyush Goyal on Thursday assured all possible help from the government to strengthen the 11 public sector banks that have been placed under the RBI's 'Prompt Corrective Action' framework to check their deteriorating financial health.

While Goyal's tenure as the Finance Minister is going to be ephemeral, the former chartered accountant turned investment banker has already set the ball rolling to improve the financial health of country's public sector banks.

Petrol prices shoot up after Karnataka pollsThe oil marketing companies incurred a loss of Rs 35 crore per day during the 19-day pre-Karnataka poll hiatus in fuel price hikes. The markets suffered a total revenue loss of Rs 380 crore in this period, according to an analysis by the Business Standard. This figure is based on the average consumption of petrol as well as diesel. Indian Oil Corporation Ltd's marketing margins, for instance, reduced from an estimated Rs 3.4 per litre ...

Smriti Irani has been moved out of the I&B Ministry. The charge has now been given to Rajyavardhan Rathore, who was earlier given the MoS (Minister of State) independent charge of the Ministry of Sports. Smriti Irani will be in charge of the Ministry of Textile.

According to some sources, close to the Prime Minister, he avoided meeting the CEO because of the ongoing proceedings against the global retail company in the US. In 2015, the reports suggested that Walmart paid bribes -from $5 to $200, totally millions - to push their goods and real estate permits.

The redevelopment plan has reportedly been assigned to the zonal railways with a one year deadline for completion.