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BusinessToday.In
New Delhi, September 18, 2018
Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...


PTI
September 16, 2018
The Reserve Bank of India has refused to be part of a high-level committee headed by the Cabinet Secretary which was constituted to resolve stress in the power sector as it is not willing to relax norms to deal with bad loans.


PTI
September 9, 2018
The Centre paid Rs 14,930 crore to compensate states for revenue loss incurred in June and July, a nearly four-fold jump compared to Rs 3,899 crore paid for the months of April and May.


BusinessToday.In
September 5, 2018
Cash worth Rs 42,200 crore was deposited in 3.74 crore Jan Dhan accounts between November 8, 2016 - when Prime Minister Narendra Modi made his surprise note ban announcement - and December 30, 2016.


BusinessToday.In
August 21, 2018
The Modi government, already backed into the corner over unemployment, absconding defaulters, rupee depreciation, fuel prices and more, would not want more bad news on the NPA front at this juncture.


Anilesh S. Mahajan
New Delhi, August 20, 2018
Despite huge strides, the risk of stressed and stranded projects is keeping investors jittery about India's infrastructure building strategy.


BusinessToday.In
New Delhi, August 16, 2018
Payout by RBI has shot up 63% year-on-year, but the finance ministry is not happy. The government believes that the payout ought to be higher so it has reportedly asked the apex bank to review its dividend and capital conservation rules.


Mudit Kapoor
New Delhi, August 1, 2018
Before he became Prime Minister, Narendra Modi vowed to bring all illicit money stashed away in foreign countries, and promised that poor people in the country would get Rs 15 lakh each.


BusinessToday.In
New Delhi, August 1, 2018
GST revenue collections for the month July reached Rs 96,483 crore, which remains broadly on expected lines, according to a statement by the Ministry of Finance.


BusinessToday.In
July 30, 2018
The industry, which had enjoyed various concessions under the previous tax regime, fears that the levy of 18 per cent GST on installation would render projects unviable.


Joe C. Mathew
New Delhi, July 23, 2018
The government's attempt to sell Air India has failed but its broad public asset management strategy is showing results.


BusinessToday.In
July 21, 2018
The government has proposed as many as 46 amendments to the GST law - Central GST, State GST, Integrated GST and Compensation of Sates Act.


BusinessToday.In
July 15, 2018
In last one year of GST regime, the revenue authorities have come across numerous cases of tax evasion where companies used fake bills to claim input tax credit.


Dipak Mondal
New Delhi, July 9, 2018
The man at the centre of the government's mega tax reform, Finance Secretary Hasmukh Adhia, shares with Dipak Mondal his experience of seeing through the one year of GST.


BusinessToday.In
July 8, 2018
Last month, petroleum prices were cut 14 times after hitting an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 for diesel on May 29. Petrol price dropped by Rs 2 a litre and diesel by Rs 1.46.


BusinessToday.In
July 7, 2018
Recently, FICCI conducted a survey of enterprises on completion of one year of GST and their experience post-GST implementation. According to the survey, 59 per cent of the respondents mentioned that they were not satisfied with the capability of the GSTN portal.


BusinessToday.In
New Delhi, July 6, 2018
As of now, petroleum products including petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) have been exempted from the GST.


BusinessToday.In
July 2, 2018
The IRDAI entered the picture because under current norms, an insurance company cannot hold more than 15 per cent stake in a company.


Mail Today Bureau
July 2, 2018
Under the four-tier Goods and Services Tax, taxes are levied in the brackets of 5 per cent, 12 per cent, 18 per cent and 28 per cent. On top of the highest tax bracket, a cess is levied on luxury goods such as big cars and sin goods such as sugary drinks and cigarettes.


PTI
New Delhi, July 1, 2018
In June, total revenues earned by the Centre and states after settlement are Rs 31,645 crore for Central Goods and Services Tax (CGST) and Rs 36,683 crore for State Goods and Services Tax (SGST), the finance ministry said.


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