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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India FY18 GDP growth likely at 7.1 per cent: Nomura

Industrial production (IIP) during July slipped to 1.2 per cent on account of poor manufacturing show.

13 Sept 2017 1:28 PM IST

Taldar will be a member of the Airtel Management Board and report to Gopal Vittal, MD & CEO (India & South Asia).

Airtel ties up with SK Telecom to build 5G telecom network

SK Telecom is Korea's largest telecommunications company with more than 29 million mobile subscribers.

13 Sept 2017 12:42 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI not comfortable with non-fiat cryptocurrencies: Sen

The RBI has been repeatedly cautioning everyone about the usage of cryptocurrencies.

13 Sept 2017 12:17 PM IST

Rupee is currently trading at 63.63 against 66.93 to a dollar in August, 2016.

Rupee recovers 6 paise against dollar in early trade

Rupee is trading at 63.98 against the dollar at the interbank foreign exchange in early trade.

13 Sept 2017 12:06 PM IST

Responding to a question, Jaitley said a proposal to extend the decision to public sector undertakings was under active consideration of the government. (Photo: PTI)

Full potential of Aadhaar not realised under UPA regime: Arun Jaitley

Jaitley said Aadhaar under BJP will stand the test of constitutionality.

13 Sept 2017 11:51 AM IST

Finance Minister Arun Jaitley on Wednesday said zero balance accounts under the Jan Dhan Yojana have come down to 20 per cent from 77 per cent. Photo: Twitter| @FinMinIndia

300 million a/cs under PMJDY, zero balance a/cs down to 20 per cent:...

Jaitley said before 2014, there was no talk of financial inclusion and it was not a mainstream agenda.

13 Sept 2017 11:18 AM IST

After Plunging 332 points in the intra-day trade, the Sensex staged a marginal recovery on short covering to end the session at 31,702.25, down 189.98 points or 0.60%.

Sensex up 57 points, Nifty maintains 10k-mark amidst rising inflation

Positive trends at other Asian markets also influenced trading sentiments at the bourses.

13 Sept 2017 10:42 AM IST

Income tax department expects taxpayers to file correct returns whther they file it in cash or online. (Photo: PTI).

Centre doubles tax-free gratuity for formal sector staff to Rs 20 lakh

The gratuity was raised considering inflation and wage increase even in the case of employees engaged in the private...

13 Sept 2017 10:29 AM IST

The government will mint Rs 100 and Rs 5 coins to commemorate the birth centenary of M G Ramachandran.

Centre to mint Rs 100, Rs 5 coins to mark birth anniversary of MGR

The newly minted Rs 100 and Rs 5 coins will be etched with M G Ramachandran's portrait in the centre.

13 Sept 2017 10:11 AM IST

The consumer affairs ministry has asked the CBDT to consider service charge as income while assessing the tax returns. Photo: PTI

Consider service charge by hotels as income: Ram Vilas Paswan to CBDT

In lieu of tips, hotels have been compulsorily levying service charge despite centre asking them to make it optional.

13 Sept 2017 9:34 AM IST

Odhisa eyes investment in steel sector

Odisha government on Tuesday held talks with over 70 companies and invited them to invest in the state's downstream...

13 Sept 2017 4:29 AM IST

Centre disqualifies 1 lakh directors of shell firms

The ministry has identified 1,06,578 directors for disqualification under Section 164(2)(a) of the Companies Act, 2013...

13 Sept 2017 4:19 AM IST