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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.Business
RBI warns of more NPA pain, sees bad loans topping 10 per cent by...

Net non-performing advances (NNPA) ratio marginally increased to 5.5 per cent in March 2017.

30 Jun 2017 7:39 PM IST

Minister of State for Civil Aviation Jayant SinhaBusiness
'One crore traders, businessmen to come under GST ambit'

Currently, there are 80 lakh individuals and entities paying various central and state taxes.

30 Jun 2017 7:25 PM IST

According to industry officials, all those services where customers are now required to pay service tax will see an increase in cost, which may vary from bank to bank depending on the amount of charges.Business
Govt abolishes large taxpayer units on GST rollout

GST will subsume over a dozen state and central level levies such as excise and sales tax.

30 Jun 2017 7:17 PM IST

NITI Aayog Chief Executive Officer Amitabh KantBusiness
'GST to make India a simpler, more revenue generating economy'

Overhauling India's convoluted indirect taxation system and unifying the over USD 2 trillion economy

30 Jun 2017 6:25 PM IST

MMRC began the construction in October 2016 with the aim to complete 20 per cent by December 2017.Business
India's infrastructure output grows 3.6 per cent in May

Annual growth in refinery production rose 5.4 per cent last month from 0.2 per cent in April.

30 Jun 2017 6:12 PM IST

Tea, edible oils, sugar, textiles and baby formula will attract only 5 per cent tax.Business
80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and...

30 Jun 2017 5:59 PM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.Business
Govt slashes small savings rates by 0.1 per cent

The investment on 5-year Senior Citizens Savings Scheme will yield 8.3 per cent.

30 Jun 2017 5:34 PM IST

Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.Business
Govt likely to lower fertiliser GST from 12 per cent

Industry has made several representations to the fertiliser ministry for revision in the GST in the interest of farmers.

30 Jun 2017 5:25 PM IST

Niti Aayog member Bibek Debroy.Business
Talk that GST would boost GDP growth by 1-1.5 per cent rubbish: Debroy

Debroy said the Indian GST is not an "ideal" one because of the country's federal structure.

30 Jun 2017 5:18 PM IST

The Union Minister for Road Transport Highways and Shipping Nitin Gadkari (Photo: PTI)Business
Gadkari says GST will be the end of 'Inspector Raj'

Gadkari said that of course, there will be teething trouble in GST launch , but the government is ready to tackle the...

30 Jun 2017 5:12 PM IST

The new version will enable Trai to obtain test data from users in all parts of the country, without any action by users.Business
TRAI bats for lower levies for telcos; favours cut in GST rate

TRAI met all telecom operators, as part of efforts to look at measures that can resolve a raging financial crisis in the...

30 Jun 2017 5:08 PM IST

Bombay Stock ExchangeBusiness
Markets start July series on positive note ahead of GST launch

NSE Nifty ended higher by 16.80 points, or 0.18 per cent, at 9,520.90, after touching a low of 9,448.75 and 9,535.80.

30 Jun 2017 4:53 PM IST

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