Business, Economy, 4th Aug 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 08:51 PM IST

Business Economy 04 Aug 2017

Business, Economy, 04 Aug 2017

Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal with 13 lakh fresh registrations.

Customs, IGST collection nearly doubles to Rs 30,000 cr in July

July collections compare to indirect tax collection of over Rs 16,000 crore of the same month of 2016.

04 Aug 2017 7:05 PM

Requirement of Aadhaar verification for getting concessional railway tickets for senior citizens has been introduced on a voluntary basis.

Aadhaar not mandatory for booking rail tickets: Govt

Aadhaar number mandatory for registration of death with effect from October 1, 2017.

04 Aug 2017 6:39 PM

Tax department has extended returns filing deadline from July 31 to August 5.

E-verify your I-T returns in simple steps; Saturday is last day

Taxpayer can now avoid 'need' of either sending ITR-V by ordinary post or digitally sign it and upload it.

04 Aug 2017 6:20 PM

Finance Minister Arun Jaitley. (Photo: PTI)

No regulations governing virtual currencies in India: Jaitley

RBI advised that it has not given any licence to any entity/company to operate such schemes or deal with Bitcoin.

04 Aug 2017 5:28 PM

The Maharashtra Transport Ministry has proposed to amend the state Motor Vehicles Tax Act for the purpose of increasing the vehicle tax.

Maharashtra to hike vehicle tax to compensate GST losses

As per the proposal, tax levied under different tax slabs for different vehicles would be raised.

04 Aug 2017 5:26 PM

Minister of State for Finance Arjun Ram Meghwal.

Notes in circulation at 86 pc of pre-note ban level: Meghwal

RBI has made arrangements for supply of adequate banknotes in various denominations.

04 Aug 2017 5:06 PM

The government on Friday said money has not been restored to the investors in as many as 233 cases related to ponzi, chit fund and multi-level marketing activities.

Meghwal orders SFIO probe into 233 ponzi scams defaulting investors

Meghwal said no money has been returned to investors in as many as 233 cases related to chit fund and ponzi schemes.

04 Aug 2017 4:42 PM

Finance Minister Arun Jaitley on Friday announced a new Exchange Traded Fund under the name Bharat-22.

Finance Minister Arun Jaitley announced new ETF 'Bharat 22'

Bharat-22 will cover six sectors and feature four banking stocks.

04 Aug 2017 4:17 PM

GST Council may finalise e-way bill rules on Saturday

Removal of checkposts by 25 out of 29 states has already smoothened movement of goods, says CBEC.

04 Aug 2017 3:12 PM

Union Minister Nitin Gadkari has sought to fast-track key infrastructure projects, including the Char Dham scheme.

Clear infrastructural projects, Char Dham scheme without delays: Gadkari

Narendra Modi had laid foundation stone of the Char Dham project on 2016 to improve connectivity to Char Dham pilgrimage centres.

04 Aug 2017 3:07 PM

Onion prices have been increasing since the end of July.

After tomatoes, here's why onion prices will make you cry

On Thursday, prices of the bulb nearly doubled at Lasalgaon in Maharashtra, the largest onion market in India.

04 Aug 2017 2:38 PM

State-owned fuel retailers have hiked commissions paid to fuel pump dealers by up to 43 per cent for petrol and by up to 59 per cent for diesel.

Here's why you may have to shell out more for petrol, diesel

Public sector fuel retailers have hiked commissions paid to fuel pump dealers.

04 Aug 2017 11:22 AM

The classic Bengali sweet sandesh will attract 5 per cent GST irrespective of whether it has chocolate or not, said CBEC.

CBEC clarifications: Sweets to attract 5 per cent GST, no GST on kalava rakhis

Also, fresh isabgol seeds will attract nil GST, while dried or frozen isabgol seeds attract 5 per cent.

04 Aug 2017 9:57 AM

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Mohan Guruswamy