In the latest, Kisan Vikas Patra and National Savings Certificate will be issued in electronic form from now onwards as government has decided to discontinue the system of pre-printed paper certificates
E-filing of income tax returns for the assessment year 2016-17 was launched today for a select category of entities and individuals even as the IT department provided an online calculator for filers to do an easy check and obtain their annual tax liability.
Promising easier business environment for global investors, Prime Minister Narendra Modi on Sunday said retrospective taxation has been relegated to history, but he is "not able to do anything" on two pending cases from the previous government as "they are sub-judice".
Concerned over incidents of attack on cash carrying vans, government has proposed that ATMs should not be replenished with cash after 8 PM in cities and private cash transportation agencies must collect money from the banks in the first half of the day.
With inflation under check and government sticking to its fiscal consolidation path, market expectations are that RBI may cut interest rate by up to 0.50 percent in its first bi-monthly monetary policy review for 2016-17 on Tuesday in order to propel growth.