Finance Minister Nirmala Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1

Union Finance Minister Nirmala Sitharaman had recently said that around 78 per cent of PMC Bank's depositors were now allowed to withdraw their money, even though the ceiling of Rs 50,000 on withdrawal continued

The saffron party said the Centre's policies were responsible for the \"economic anarchy\" in the country

Chidambaram says the FY20 will most likely end with less than 5 per cent of the economic growth, which as per old methodology, he says, will be \"around 3-3.5 per cent growth rate\"

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Business Today spoke to various stakeholders to understand their suggestions on what changes they seek from the government to simplify not just the return filing process but also the overall compliance requirement

Vedanta, Axis Bank, SBI, Hindalco and YES Bank were among the top gainers on Friday. Dr Reddy, Bharti Airtel, Kotak Bank, Zee Entertainment and Bajaj Auto were among the top losers.

There have been reports that the GST Council, chaired by Finance Minister Nirmala Sitharaman, could increase taxes as revenue collection fell short of expectations in the last few months

On pending compensation cess disbursal to states, FM Nirmala Sitharamam said that there is no review being done in the current structure

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Forbes most powerful women list: Other Indian women who made it to the list are Roshni Nadar Malhotra, who has been placed on the 54th spot and Kiran Mazumdar Shaw at 65th spot

The GST Council may decide to increase the current 5% tax rate on essential products (which includes fabric) and services to 6-8% at its meet on December 18. Simultaneously, the Council may hike the current 12% GST rate on mobile phones to 18%

Catch top stories from the world of business and economy with BusinessToday.In's end of day report

The 5% GST tax slab is the noteworthy one as it includes essential commodities such as food items, footwear and basic clothing. The GST council is expected to increase the tax rate under this slab to 6-8%

The pending dues include Rs 6946.29 core of tax devolution and Rs 8611.76 crore towards GST compensation, says Thackeray

Paytm founder Vijay Shekhar Sharma has resigned as the Director of Paytm Financial Services in wake of Reserve Bank of India's regulation that prohibits a payments bank chairman to also hold a directorial position in an NBFC unless it's a subsidiary of the bank; The Centre has changed the composition of its Group of Ministers (GoM) on the Integrated Goods and Services Tax (IGST) after Union Finance Minister Nirmala Sitharaman decides to opt-out of the ministerial panel headed by her; Sales of passenger vehicles declined 0.84% to 263,773, compared with 266,000 in the year-earlier period, ADB lowers FY20 growth forecast for India to 5.1% and more on the daily business news wrap News Blast.

NCP leader Supriya Sule was conferred the best women parliamentarian awards from Lok Sabha

Paytm founder Vijay Shekhar Sharma steps down as Paytm Financial Services directorPaytm founder Vijay Shekhar Sharma has resigned as the Director of Paytm Financial Services in wake of Reserve Bank of India's regulation that prohibits a payments bank chairman to also hold a directorial position in an NBFC (non-banking finance company) unless it's a subsidiary of the bank. While Sharma in his resignation letter cited \"other preoccupations\" as reasons for his inability to continue...

Economists and analysts see a slow and arduous economic revival from here. But some say it can be accelerated

After Sitharaman's meeting with the FMs of Punjab, Madhya Pradesh, Rajasthan and Deputy CMs of Delhi and Pudducherry, a GoM was constituted to discuss issues related to IGST on December 4; earlier Sithraman was heading the panel