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Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

Com Secy: incentive schemes to continue, no export benefits post GST

Commerce Secretary said process of upgrading system is on so that all the issues of exporters and importers is solved.

24 Jun 2017 1:02 PM IST

The total expenditure was Rs 11.50 lakh crore as against the governments estimate for the current fiscal at Rs 19.78 lakh crore. (Representational Image)

States' fiscal deficit soars to Rs 4.93 trillion in FY16

Maharashtra, one of the most urbanised and industrialised states, had a gap of Rs 1,020 crore in FY91.

24 Jun 2017 12:26 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

Ordinance likely to amend SEZ Act for alignment with GST

Certain provisions in Special Economic Zone Act, 2005 are not consistent with GST regime.

24 Jun 2017 12:09 PM IST

I-T department said that Centralised Processing Centre (CPC) has already processed over 4.19 crore income tax returns (ITRs) and issued over 1.62 crore refunds during the period.

CBDT notifies new scrutiny notices with e-facility

New format pertains to three types of notices issued under section 143(2) of Income Tax Act.

24 Jun 2017 11:24 AM IST

Infosys CEO Vishal Sikka

Infosys reaches $1 mn settlement with NY State

Software services giant said this settlement relates to legal issues already resolved under 2013 settlement.

24 Jun 2017 10:53 AM IST

Telecom Minister Manoj Sinha

Govt, TRAI discuss Rs 4.6 lakh cr debt ailing telcos

Incumbent operators allege newcomer Reliance Jio has put severe pressure on their revenues.

24 Jun 2017 9:57 AM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

IB, Home Ministry red flag Essar-Rosneft deal

Security agencies raise objections over inclusion of Vadinar port in sellout agreement.

24 Jun 2017 9:32 AM IST

RBI governor Urjit Patel

Banking Ombudsman can now slap Rs 20 lakh fine

Banks could be penalised for mis-selling third-party products like insurance and mutual funds via e-banking.

24 Jun 2017 9:28 AM IST

A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Poor demand in China, India hurts oil market

Japan recorded a dip in demand for oil due to an ageing population.

24 Jun 2017 4:00 AM IST

Sikka believes that new technologies can have a huge impact on how Infosys global workforce can work together.

Infosys gets clean chit in Panaya deal

The complainants in their letter to Sebi alleged that there were improprieties in connection with the company's...

24 Jun 2017 3:52 AM IST

Reliance Industries Limited

RIL, BP drop 3-year-old gas price challenge

Centre had conditionally agreed to BP Inc's demand.

24 Jun 2017 3:45 AM IST

Reliance Industries limited

RIL overtakes TCS to become most valued Indian firm

So far this year, shares of RIL have gained nearly 33 per cent, while TCS is trading flat, down 0.05 per cent.

23 Jun 2017 8:39 PM IST