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  Business   Economy  14 Jun 2017

Business, Economy, 14 Jun 2017

GST: Telcos can carry forward unavailed Cenvat credit

The Revenue Department amended the Cenvat Credit Rules, 2004, to telcos to carry forward such unavailed credit of Service Tax under GST.

14 Jun 2017 9:01 PM

Daily fuel price revision: Petrol pumps call off strike

Oil Minister Dharmendra Pradhan said the new timing of the price change was agreeable to the dealers .

14 Jun 2017 8:48 PM

Finance Ministry to name 12 loan defaulters identified by RBI

The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings.

14 Jun 2017 7:56 PM

RBI puts Central Bank of India under corrective action list

Reserve Bank of India has put the bank under Prompt Corrective Action in view of high NPA and negative return on assets.

14 Jun 2017 7:23 PM

Andhra Pradesh goes all out to shape up Amaravati

The state has allotted 996 acres of land to a dozen institutions to shape its new capital Amaravati.

14 Jun 2017 5:17 PM


IMF raises China growth forecast, urges faster reforms

IMF expects China to expand by 6.7 per cent this year, faster than its previous estimate of 6.6 per cent.

14 Jun 2017 5:02 PM

No reason for panic as GST registration will reopen on June 25

Registration with the GSTN is necessary for doing business in the Goods and Services Tax (GST) regime.

14 Jun 2017 4:30 PM

Govt working on proposal to merge DGFT with CBEC

As per the World Bank's ease of doing business report (2017), India is ranked 130th out of 190 economies

14 Jun 2017 4:10 PM

Rate cut call gathers steam after inflation eases

RBI to ease interest rate, highlighting the need to boost investment for creation of jobs.

14 Jun 2017 3:35 PM

How to check daily change in petrol, diesel prices

Indian Oil had said, three the OMCs will “establish an appropriate mechanism” to convey the prices to consumers every day.

14 Jun 2017 3:13 PM


Farm loans: Interest subsidy on short-term loans raised

The Cabinet has approved the total expenditure of Rs 20,339 crore in 2017 as interest subsidy on short-term crop loans.

14 Jun 2017 2:08 PM

All you need to know about GST invoice

The CBEC released a list highlighting GST provisions addressing concerns of traders regarding paperwork.

14 Jun 2017 1:34 PM

Fake money detection in banks at an all time high: Report

The report also said that the compliance levels of the public sector banks in this regard continued to be low.

14 Jun 2017 1:18 PM

WPI inflation in May cools to 5-month low

Government data showed that prices of food articles shrank by 2.27 per cent in May on an yearly basis.

14 Jun 2017 1:11 PM

Resolution of Indian banks' bad loans primary focus of govt: Sanyal

Sanyal's comments came a day after the RBI revealed that it had identified 12 of the largest loan defaulters.

14 Jun 2017 11:34 AM


China factory output rises in May but officials guarded

China's economy has long been driven by debt-fuelled investment in infrastructure, such as bridges, highways.

14 Jun 2017 11:06 AM

Modi to take stock of jobs situation on June 18

More job creation was poll plank of Modi's BJP that recorded weeping victory in 2014 General Election.

14 Jun 2017 9:56 AM

Arun Jaitley to participate in annual meeting of AIIB

Seminar will focus on the key achievements of the government and long-term investment opportunities in India.

14 Jun 2017 9:50 AM

65 pc of 9.50 trillion agri debt may be potentially waived: Nomura

Debt waiver in the near term leads to relief in agri NPAs for banks in that state.

14 Jun 2017 9:42 AM

RBI names 12 NPA accounts for insolvency proceedings

Each of them has over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks.

14 Jun 2017 8:55 AM