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  Business   Economy  06 Jul 2017

Business, Economy, 06 Jul 2017

Railways to offer options on senior citizen fare concession

Railways is exploring ways to reduce the Rs 1,300 crore subsidy burden in the senior citizen category.

06 Jul 2017 8:17 PM

Govt starts new online community on MRP on Local Circles

MRP information mandatory for products sold on e-Commerce sites, making MRP mandatory on all medical devices.

06 Jul 2017 8:15 PM

Net income tax collection rises 14.8 per cent in Q1

Growth in corporate advance tax is at 8.1 per cent and that in personal advance tax is at 40.3 per cent.

06 Jul 2017 7:24 PM

Food processing ministry sets up GST facilitation cell

GST cell will be equipped with the complete knowledge of the relevant GST Act, rules, rate structure, etc.

06 Jul 2017 7:07 PM

Modi govt's GST a mockery, 'very, very imperfect': Chidambaram

The Congress will press for reduction in tax rates and demand a cap of 18 per cent.

06 Jul 2017 6:36 PM


New Telecom Policy in works; public consultation soon: Sinha

Telecom Ministry has issued technology neutral telecom licences under the NTP 2012 which was delinked from spectrum.

06 Jul 2017 6:19 PM

Real-estate owners to absorb GST burden as property sales drop

GST on real estate is 12 per cent and in pre-GST period, taxation was about six to seven per cent.

06 Jul 2017 5:49 PM

EPFO to raise ETF investment to Rs 45,000 cr: Dattatreya

Dattatreya also said the ministry is working on consolidating 44 labour codes into four in order to simplify them.

06 Jul 2017 5:06 PM

Provident Fund rates for 2018 to be announced by EPFO in August

There is a buzz that the interest rate on EPF can be further lowered by around 25 basis points.

06 Jul 2017 4:28 PM

No integrated GST on Special Economic Zones

There are 421 government-approved SEZ zones in India currently , of which 218 are operational.

06 Jul 2017 3:40 PM


Your Rs 100 ATM withdrawal to cost Rs 3 more

Earlier, services tax for financial services was 15 per cent which means a rise of 3 per cent.

06 Jul 2017 2:59 PM

GST awareness quotient low for more than half the population: survey

People in Tamil Nadu have the lowest awareness level about Goods and Services Tax, the survey by Way2Online found.

06 Jul 2017 2:23 PM

Filing I-T returns: a step-by-step guide to fill ITR-1 Sahaj form

ITR-1 Sahaj form is a simple, seven-structure form for individuals earning up to Rs 50 lakh.

06 Jul 2017 1:55 PM

Railways plans a 'Give It Up' for train ticket subsidy

At present Indian Railways bears 43 per cent cost of train tickets incurred by passengers.

06 Jul 2017 1:03 PM

'India likely to clock GDP growth of 6.9 pc this fiscal'

Real GDP growth slowed substantially to 6.1 per cent year-on-year in the fourth quarter of 2016-17.

06 Jul 2017 12:41 PM


Maha extends waiver to farmers who took loans post 2008

Devendra Fadnavis extended the date to repay overdue of loans taken by farmers in the year 2016-17.

06 Jul 2017 12:30 PM

Demonetisation could have shrunk Indian economy: Paul Krugman

Paul Krugman said demonetisation was a little "puzzling" and also went on to comment on RBI's stance on growth rates.

06 Jul 2017 11:42 AM

GST: Lack of clarity leaves traders clueless

The Goods and Services Tax has received mixed response from the realty sector.

06 Jul 2017 6:10 AM

One nation, one tax: It’s an economic reform

GST is likely to result in a near-term disruption as this is a massive economic reform being implemented in the country.

06 Jul 2017 6:01 AM

GST unlikely to give 2 per cent boost

Mr Sinha said that the GST Council should now move towards three rates in an effort to ultimately have only one tax rate.

06 Jul 2017 5:19 AM