GAAR, it said, will come into force from April 1 and can be invoked only through a two-stage process involving a nod at the level of principal commissioner of income tax and a panel headed by a high court judge.
The Indian economy is likely to grow by 7.4 percent in the next fiscal year, India Ratings and Research (Ind-Ra) on Tuesday said.
To check cyber crimes, government and regulators must design policies entailing incentives and tax breaks to encourage private sector participation in curbing the menace, a report has suggested.
The provisional headline inflation rate based on WPI for January, 2017 is 5.25% as against 3.39% for December, 2016., as per government data.
In an overall buoyant job market, January 2017 recorded growth in jobs, beyond the top metro cities, when compared with January 2016, as recorded by Naukri Job Speak Index.
Even as consumer price inflation (CPI) has come down due to a dip in food inflation and Index of Industrial Production (IIP) also seen a slip as a fallout of demonetisation, the former could see upside pressure hereon, Crisil said today.
The currency note printing press of Reserve Bank of India has refused to disclose its printing capacity, even as similar information is available on its website.
China on Monday launched anti-dumping and countervailing duties investigations against some Indian manufactures for allegedly exporting a chemical product - widely used in dyes and pharmaceutical - to the country at an artificially low price.
The Modi government's emphasis is on bold decision making and a clean economy with business friendly environment, the returns of which can be spent on the poor, Finance Minister Arun Jaitley said on Monday.
Retail inflation eased to 3.17 percent in January, its lowest level in at least five years.
The rhetoric of protectionism in developed economies and unpredictable global slowdown have not affected India and it is determined to grow with focus on investments, Finance Minister Arun Jaitley said on Monday.
The four-tier GST rate structure will open up floodgates of classification disputes with tendency among businesses to demand lower rate for their goods or services, says a research paper.
India's economic growth is likely to remain muted in the first quarter of this calender year with the GDP likely to grow at 5.7 percent in the January-March period amid subdued activity, says a report.
Indian Railways will employ Light Detection and Ranging or LiDAR technology for conducting an aerial survey of the country's first high-speed train corridor between Mumbai and Ahmedabad.
Indian Railways suspect that abnormally high cases of train accidents in the recent past are the act of sabotage
Union Finance Minister Arun Jaitley on Sunday said the purpose of demonetisation is served as it had led to "larger and cleaner GDP".
With the National Highway Authority of India having received a mandate from the Budget to raise Rs. 70,000 crore through infrastructure bonds and easy availability of low cost overseas loans for the AAA rated NHAI, the government`s road and highway building programme has enough cash to build the crucial infrastructure, Road Transport, Highway and Shipping Minister Nitin Gadkari has said.
Tightening reporting norms, the tax officers have been asked to submit self appraisal reports to the Revenue Department and explain reasons for the "poor performance" in doing e-scrutiny of tax returns.
The Reserve Bank central board on Saturday took stock of the current economic situation, global and domestic challenges and other specific areas of its operations.
RBI Governor Urjit Patel on Saturday attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12.