Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.

Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...

According to the government data released Friday, food articles registered deflation at 4.04 per cent in August 2018. Last month, deflation in this category was 2.16 per cent.

In grocery, we have national as well as regional brands. We are bullish about staples and expect lot of online traction, so we have put our own brand, Natures, which has done very well, says Avani Davda, Managing Director, Godrej Nature's Basket.

Bank credit has grown by 12.44 per cent to Rs 86.13 lakh crore, services sector saw a growth of 23 per cent against just 4.7 per cent in the previous month; the draft Personal Data Protection Bill has left the crucial issue of data localisation rather open-ended; and it was revealed in the parliament that central and state governments were unable to fill 24 lakh vacancies including in the railways, and army. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

You may soon be allowed to use your private car as Ola, Uber cabIn an attempt to reduce the number of passenger vehicles on roads and subsequently reduce air pollution, the government is pushing for a rather unconventional method. The Centre wants to promote ride sharing on private cars. This would enable carpooling of private vehicles and allow them to operate as taxis through services such as Ola and Uber. However, it is not lost on authorities that permitting this would adver...

Salaries of central government employees to rise? Govt plans dearness allowance hikeThe Central government is set to modify the index and base year that are used to calculate dearness allowance (DA). The move will result in yet another salary hike of the government employees after two per cent allowance raise approved earlier this year. The DA is a cost of living adjustment allowance paid to government employees and pensioners. It is a component of salary, and is counted as a fixe...

Features like train search without login, easy-to-use web interface, alternative accommodation facility, etc, have been incorporated in the new IRCTC portal, whose final version was launched on June 13.

The GST Council had formed a GoM (Group of Ministers) in May to look into the into the food ministry's proposal for the creation of a corpus of Rs 6,700 crore through a levy of up to Rs 3 per kg on sugar over the existing GST of 5 per cent on the good.

The IRCTC manager would attend to the complaints even when the train is in motion and would report to the train captain at the railway station where the train originates.

The GST bandwagon has had a choppy ride in the first year but is gaining momentum. Further fine-tuning of the GST law holds key to future success

Hike in paddy minimum support price will increase the food subsidy bill by over Rs 11,000 crore based on procurement figure of the 2016-17 marketing year (October-September).

The new law is in line with the directions of the Supreme Court on the issue. It has also incorporated elements from the Singapore food safety law as the city state is known to have successfully enforced measures to check food adulteration.

Despite government initiatives, India's exports have remained below the 2013/14 levels. Exporters' GST problems and rising trade barriers suggest fast growth is unlikely to materialise.

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

The Railways also asked zones to carry out inspections to check whether the directions were being followed and instructed them to send a report by June.

Passengers can also order food by installing IRCTC Food on Track app.

Opting for C2 costs works for both farmers and the government.

\"My view is that there will be a lot of focus on the agri sector over the next one year. And it's coming from the prime minister's vision of doubling the farmers' income,\" said newly appointed CII chief and Bharti Enterprises Vice Chairman Rakesh Mittal.