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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST takes sheen off Budget

Arun Jaitley's Budget may not influence prices of most goods and services.

1 Feb 2018 7:13 AM IST

The survey also revealed that citizens want the government to widen the tax base and create better awareness about paying income tax.

India wants Budget to focus on rural sector, says survey

Around 25 per cent of the respondents were in favour of reducing the peak income tax rate to 25 per cent from 30 per...

1 Feb 2018 7:07 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex slips below 36,000-mark; all eyes on Budget

Sensex remained in negative zone for major part of ession and lost 68.71 points, or 0.19 per cent to finish at...

31 Jan 2018 4:53 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Govt fixes rates up to 7.68 pc for recap bonds with 6 maturities

A total of Rs 80,000 crore will be infused in state-owned banks through the bonds this year.

31 Jan 2018 4:44 PM IST

JSW Energy has diversified businesses in carbon steel, power, mining, industrial gases, port facilities, cement and information technology sectors.

JSW Steel third-quarter profit more than doubles

Total revenue from operations for the quarter jumped 17 per cent to 178.61 billion rupees.

31 Jan 2018 4:32 PM IST

Prime Minister Narendra Modi, Home Minister Rajnath Singh, Finance Minister Arun Jaitley, Congress leader Ghulam Nabi Azad and Parliamentary Affairs Minister Ananth Kumar during an all-party meeting, ahead of the Budget Session, at Parliament House in New Delhi on Sunday. (Photo: PTI)

Union Budget 2018 to test investor's faith in Modi government

Markets will be focused on how much India widens its fiscal deficit beyond the 3 pc of GDP projected for 2018-19.

31 Jan 2018 4:25 PM IST

Chief executive Lakshmi Mittal of ArcelorMittal

ArcelorMittal posts over two-fold jump in Q4 profit

Company reported two-fold rise in net income to USD 4.568 billion from USD 1.779 billion in 2016.

31 Jan 2018 3:38 PM IST

Niti Aayog 'in principle' nod to Chhattisgarh's Bastar development...

Niti Aayog has given its approval for the expansion of banking services in remote rural areas of Bastar.

31 Jan 2018 2:57 PM IST

The lender did not provide the transaction amount for stake sale. (Photo: PTI)

Union Bank sells entire stake in Experian Credit Info Co

Shares of Union Bank traded 1.14 per cent lower at Rs 134.35 on BSE.

31 Jan 2018 2:22 PM IST

On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

1,235 new FPIs register with Sebi in April-December FY'18

Sebi in 2014 released norms that clubbed different categories of foreign investors into a new class called FPIs.

31 Jan 2018 2:13 PM IST

No private airline flies to the city. Shortly after this government took over, a buffalo walked into the Surat airport and an airplane crashed into it, damaging its jet engine. (Representational image)

Low-cost, long-haul flights from India to boost leisure travel: report

Only 0.3 per cent of Indians currently travel abroad for a holiday every year.

31 Jan 2018 12:32 PM IST

Bullion traders said at overseas market gold rallied to highest level this year. (Photo: Representational/AFP)

Gold futures rise marginally on firm global cues

Gold is trading at Rs 30,114 per 10 grams in futures trade as speculators raised bets amid a firm trend overseas.

31 Jan 2018 11:53 AM IST