India bankers panel suggests steps to tackle bad loans

The bad loans problem, driven largely by infrastructure sectors including power.

GST collection to touch Rs 13 lakh crore in current fiscal, says Piyush Goyal

Mr Goyal said that historically the three month from April to June are lean periods of tax collection.

Goods and Services Tax was rolled out in the intervening night of June 30 and July 1, last year.

Jaitley said Switzerland had taken significant efforts to get out of the image of being a tax haven and non-compliant state.

Piyush Goyal said, 'We will have all the information and if anybody is found guilty, strict action will be taken.'

India would get data as the accounting year ends, Goyal said.

The rupee had yesterday breached the 69-mark against the US dollar for the first time.

Jain seeks Union mantri’s help, says reserves left only for a day.

Union Minister Arun Jaitley too would be addressing the gathering through video conferencing.

“It is a matter of great pride that India is the largest recipient of the $4.2 billion funds disbursed by it,” the minister said.