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ECONOMY

RBI denies reports of introducing new denomination notes as of now

Banks must have good system of credit culture, he added.

PTI | Mar 26, 2017 09:59 PM

Under new GST regime, CBEC will be renamed to CBIC

“The Central Board of Excise & Customs (CBEC) is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval,” a Finance Ministry statement said.

PTI | Mar 25, 2017 07:50 PM

GST: New indirect tax regime to remove inter-state barriers, stimulate exports, says Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman on Thursday said that the implementation of GST, the new indirect tax regime, would help remove barriers between the states and make exports more...

PTI | Mar 23, 2017 02:40 PM

Trying to implement GST from July 1, says finance minister Jaitley

The Finance Minister also said achieving a growth rate of 7-8 per cent is plausible and if economies pick up globally then the country's growth rate can go up further.

PTI | Mar 22, 2017 01:33 PM

Demonetisation to affect NBFC collections in short term: Moody's Investors Service

"NBFCs in India will demonstrate broadly stable asset quality, but delinquencies will likely rise over the next 1-2quarters, as demonetisation adversely affects collections across asset classes,"...

PTI | Mar 21, 2017 03:19 PM

Union Cabinet clears four draft GST bills, to be introduced in Parliament soon

The Cabinet has approved four draft bills to implement the much-awaited Goods and Services Tax (GST) bills, a government official said on Monday.

News Nation Bureau | Mar 20, 2017 11:27 AM

Centre proposes e-platform to track sale of medicines

Under the proposal, hospitals and other clinical establishments both in the public sector and private sector, will be required to enter details of medicines issued to patients while they will also be...

PTI | Mar 20, 2017 09:16 AM

80 per cent informal economy to come under formal sector: JP Nadda

More than 80 per cent of informal economic activities, especially in the retail sector, will be brought into formal economy through digitalisation and cash-less transactions, Union minister J P Nadda...

PTI | Mar 19, 2017 10:55 PM

Piyush Goyal rules out Air India privatisation, bets for divestment

Union Power Minister Piyush Goyal said on Saturday the government will aggressively pursue strategic sale in loss-making units and has put Hindustan Photo Films on the block, but ruled out privatising...

PTI | Mar 18, 2017 04:53 PM

Income Tax department releases list of defaulters owing Rs 448 crore in taxes

The Income Tax department on Saturday released a list of 29 entities owing Rs 448.02 crore in taxes as part of its strategy to name and shame large defaulters.

PTI | Mar 18, 2017 01:30 PM

Centre approves second tranche of capital infusion in PSU banks

The government has approved the second tranche of capital infusion in public sector banks to enhance their capital base. In a regulatory filing to the stock exchanges, Dena Bank said it "has received...

PTI | Mar 17, 2017 11:02 PM

India should shift financial year to January-December, says Parliament panel

India should shift to the January-December financial year by ending the decades old tradition of April-March fiscal introduced by the British, a Parliamentary Panel said on Friday. The present system...

PTI | Mar 17, 2017 09:20 PM

Govt racks up over Rs 3 lakh crore in indirect tax kitty from levies on petrol, diesel in last two financial years

The stupendous surge in excise duty on petrol and high-speed diesel helped the government collect nearly 1.99 lakh crore of its indirect tax kitty from the two auto fuels in 2015-16

News Nation Bureau | Mar 16, 2017 05:12 PM

India offers advantage over xenophobic economies globally: Sunil Mittal

Protectionism is on the rise in advanced economies but the trend can be reversed by the opportunities offered by emerging markets like India, Bharti Enterprises Chairman Sunil Bharti Mittal said on...

PTI | Mar 16, 2017 08:24 AM

Chinese Premier Li Keqiang says no intention of devaluing yuan

Dismissing US President Donald Trump's charge of China being a currency manipulator, Premier Li Keqiang said on Wednesday Beijing has no intention of devaluing the yuan to boost exports, as it does no...

PTI | Mar 15, 2017 04:24 PM