The Central Board of Direct Taxes or CBDT on Monday issued a direction, saying that except for search-related assessments, proceedings in other pending scrutiny assessment cases shall be conducted only through the 'E-proceeding' functionality in ITBA/e-filing.

Railway Minister Piyush Goyal has asked the Railway Board to identify the corridors and work on cutting the cost of construction by less than half.

India's largest airline IndiGo, which flies four out of every 10 Indians, has had to replace Pratt & Whitney engines on its 32 A320 Neo aircraft at least 69 times in the period May-November, 2017

Last year in November, it was reported that the EPFO may lower interest rate on the grounds that it is directly crediting exchange trade funds or ETF units into provident fund accounts and lower yields on other investments such as bonds.

Among other things, the RBI has decided to do away with the Joint Lenders' Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued.

The lender had reported a net profit of Rs 102 crore in the same period last year.

A major setback for banks was the decline in other income which is primarily due to the rise in yields on investments which affected profit and loss due to the market-to-market losses that were booked, adds the report.

India's factory output expanded at 7.1 per cent in December, indicating a recovery momentum on the back of strong performance in the manufacturing and capital goods sectors.