Economy News

Rupee gains 2 paise to 71.22 vs US dollar

Rupee gains 2 paise to 71.22 vs US dollar

Meanwhile, the benchmark BSE Sensex fell 56.40 points, or 0.16 per cent, to 35,841.95 in opening trade Friday.

Feb 22, 2019, 12:44 PM IST
GST Council defers decision on tax on real estate; extends deadline for sales returns till Feb 22

GST Council defers decision on tax on real estate; extends deadline for sales returns till Feb 22

The due date for filing summary sales return - GSTR-3B - is February 20.

Feb 20, 2019, 14:26 PM IST
Know the list of services where Aadhaar card is mandatory and not mandatory

Know the list of services where Aadhaar card is mandatory and not mandatory

Aadhaar will be mandatory for host of government schemes while there will be no need for compulsory linking of the biometric identification card with several other services.

Feb 20, 2019, 13:20 PM IST
Govt may launch exchange traded fund of PSU bank stocks next fiscal

Govt may launch exchange traded fund of PSU bank stocks next fiscal

The bank exchange traded fund (ETF) would be in addition to the two ETFs -- CPSE ETF and Bharat-22 ETF -- launched by the government which have seen huge investor demand.

Feb 20, 2019, 13:11 PM IST
Growths set to slow down to 6-6.5% in H1 of 19: Nomura

Growths set to slow down to 6-6.5% in H1 of 19: Nomura

The Reserve Bank under the new governor had last week projected a GDP growth of 7.4 percent for 2019-20--7.2-7.4 percent in first half, and 7.5 percent in the second half.

Feb 20, 2019, 13:10 PM IST
E-comm FDI policy changes haven't shaken our confidence in India: Walmart

E-comm FDI policy changes haven't shaken our confidence in India: Walmart

The government tightened norms for e-commerce firms having foreign investment from February 1.

Feb 20, 2019, 13:09 PM IST
Crucial GST Council meet begins; rationalisation of rates on real estate, lottery key agenda

Crucial GST Council meet begins; rationalisation of rates on real estate, lottery key agenda

The GoM favoured hiking GST rate on the state-organised lottery to either 18 percent or 28 percent.

Feb 20, 2019, 12:55 PM IST
Cabinet approves ordinance to curb unregulated deposit schemes

Cabinet approves ordinance to curb unregulated deposit schemes

The Bill creates three different types of offences in relation to Unregulated Deposit Schemes.

Feb 20, 2019, 11:37 AM IST
Crucial GST Council meet today: Key things to expect

Crucial GST Council meet today: Key things to expect

Rationalisation of rates of GST on real estate and lottery are on the agenda of the Council meet.

Feb 20, 2019, 11:10 AM IST
Centre hikes Dearness Allowance by 3% for its employees and pensioners

Centre hikes Dearness Allowance by 3% for its employees and pensioners

Earlier in August 2018, the Union Cabinet had approved an additional two per cent hike in the DA for government employees and Dearness Relief (DR) for pensioners.

Feb 19, 2019, 20:27 PM IST
Govt simplifies, widens startup definition: Key points

Govt simplifies, widens startup definition: Key points

Now an entity will be considered as a Start-ups upto a period of ten years from the date of incorporation.

Feb 19, 2019, 16:06 PM IST
GoM favours uniform tax on lottery, GST Council to decide rate on February 20

GoM favours uniform tax on lottery, GST Council to decide rate on February 20

Currently, a state-organised lottery attracts 12 percent GST while a state-authorised lottery attracts 28 percent tax.

Feb 19, 2019, 10:15 AM IST
RBI to inject Rs 12,500-cr liquidity via OMOs on Thursday

RBI to inject Rs 12,500-cr liquidity via OMOs on Thursday

The purchase will be made through open market operations (OMOs).

Feb 19, 2019, 10:12 AM IST
RBI decides to give interim surplus of Rs 28,000 crore to government

RBI decides to give interim surplus of Rs 28,000 crore to government

This is the second straight year that the RBI has announced an advance payment to the government.

Feb 18, 2019, 18:43 PM IST
India needs fewer and mega banks: Jaitley

India needs fewer and mega banks: Jaitley

In September 2018, the Alternative Mechanism, headed by Jaitley, gave in-principle approval for the merger of the three banks to create a global-sized lender.

Feb 18, 2019, 16:05 PM IST
Will meet bank heads on Feb 21 on transmission of rate cut, says RBI Guv

Will meet bank heads on Feb 21 on transmission of rate cut, says RBI Guv

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

Feb 18, 2019, 13:32 PM IST
Growth likely to reach 7.5% next fiscal: Chief Economic Adviser

Growth likely to reach 7.5% next fiscal: Chief Economic Adviser

The Reserve Bank of India, in its latest monetary policy review released last week, too projected an economic growth rate of 7.4 percent for the next fiscal.

Feb 15, 2019, 13:34 PM IST
Govt gets Rs 10,000 cr from additional offering of Bharat-22 ETF

Govt gets Rs 10,000 cr from additional offering of Bharat-22 ETF

The additional 'on-tap' offering of Bharat-22 ETF was opened for a single day with a base issue size of Rs 3,500 crore and an option to retain over-subscription.

Feb 15, 2019, 13:31 PM IST
Explained: What is Most Favoured Nation

Explained: What is Most Favoured Nation

Under the MFN status, a WTO member country is obliged to treat other trading nations in a non-discriminatory manner.

Feb 15, 2019, 11:45 AM IST
Arun Jaitley resumes charge as Finance Minister, attends CCS meet

Arun Jaitley resumes charge as Finance Minister, attends CCS meet

In his absence, the charge of the Finance Ministry was given to Railway Minister Piyush Goyal, who presented the sixth and the last budget earlier this month before the general elections.

Feb 15, 2019, 09:23 AM IST