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The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

No GST on goods sent for fairs

Several goods are taken out of India for exhibitions or other export promotion events.

23 July 2019 1:07 AM IST

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin mules and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators watchful eyes.

Govt panel for banning private cryptocurrencies

The committee recommended that all private cryptocurrencies, except any cryptocurrency issued by the state, be banned.

23 July 2019 1:05 AM IST

The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

Payments banks fall by the way on tight regulatory requirements

According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for...

23 July 2019 1:04 AM IST

Jaypee Infratechs Interim Resolution Professional (IRP) Anuj Jain too favoured voting process for the revised offer.

Will pay creditors entire outstanding amount; complete projects in 3...

A two-member bench asked the promoter of Jaypee Infratech to file written submissions over exclusion of time frame.

22 July 2019 7:56 PM IST

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

Inter-ministerial group suggests ban on cryptocurrencies in India

The panel also suggested a draft legislation -- Banning of Cryptocurrency & Regulation of Official Digital Currency...

22 July 2019 7:17 PM IST

Allaying worries over the rupees slide, Niti Aayog vice-chairman Rajiv Kumar said that the currency was coming back to its natural value after witnessing a 17% appreciation in the last three years.

India will achieve 8 pc plus growth from FY 2020-2021 onwards: NITI...

The foundation has been laid and transformation has begun with reforms like GST, IBC said Niti Aayog V-C Rajiv Kumar.

22 July 2019 7:04 PM IST

The International Monetary Fund (IMF) on Wednesday approved a USD 6 billion loan for Pakistan. (Photo: AFP)

IMF urges Pakistan to mobilise domestic tax revenue

Recently, the IMF cleared a USD 6 billion bailout package to cash-strapped Pakistan to overcome economic difficulties.

22 July 2019 5:08 PM IST

Reliance Industries limited

How oil-to-chemicals integration worked for RIL

An oil-to-chemical strategy was developed by Reliance to transition the Jamnagar refinery from fuels producer to...

22 July 2019 4:21 PM IST

The gold jewellery exporters used 176 tonnes of gold for round-tripping while only 50 tonnes catered to genuine exports in 2018, as per the estimates of precious metals agency GFMS.

Gold touches all-time high of Rs 35,970 per 10 gram

Globally, spot gold was trading almost flat at USD 1,425.60 an ounce, while silver quoting higher at USD 16.40 per...

22 July 2019 4:12 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex tanks 306 points; HDFC twins sink

The 30-share index cracked 305.88 points or 0.80 per cent to settle at 38,031.13.

22 July 2019 4:07 PM IST

The Reserve Bank of India, RBI, will print new Rs 100 notes with new designs. (Photo:Representational/File)

Investments via P-notes decline to Rs 81,913 crore in June

Out of the total investments made till the end of June, Rs 56,664 cr was invested in the equities segment, Rs 24,428 cr.

22 July 2019 3:29 PM IST

Union Minister Nitin Gadkari on Wednesday clarified over his alleged statement that BJP made tall promises in 2014 elections. (Photo: Twitter | ANI)

LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway...

The funds will be raised for 30 years and the interest rate will be revised every 10 years, as per initial plans.

22 July 2019 2:59 PM IST