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Income Tax department

Taxman alert: Keep away from benami transactions

Tax department attached benami assets worth Rs 1,833 crore across country from Nov 1, 2016 to Oct 2017.

10 Jan 2018 1:39 PM IST

An Air India official said that plan to operate the second flight from Kolkata to Bagdogra has been shelved at the moment.

Cabinet clears 100 per cent FDI in single-brand retail, foreign funds...

Till now, FDI up to 49 per cent was allowed under automatic route in single-brand retail.

10 Jan 2018 1:29 PM IST

The PMKSY addresses the concerns of growing water scarcity in the country by promoting water conservation through per drop more crop and watershed management.

Crop insurance scheme likely to get Rs 13,000 crore in FY19 budget

For current fiscal government had initially given a budget of Rs 9,000.75 crore for PMFBY.

10 Jan 2018 12:39 PM IST

File image of a man counting cash at a petrol pump.

India's fuel demand rose 7.5 per cent in December

Cooking gas or liquefied petroleum gas sales increased 6.0 per cent to 2.06 million tonnes.

10 Jan 2018 10:53 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

CAIT demands extension of deadline for GST return

CAIT has demanded Finance Minister to extend date of filing of returns to at least January 30.

10 Jan 2018 10:31 AM IST

FDI equity inflow in manufacturing sector grew by 31 per cent to USD 4.19 billion during April-June this fiscal.

Cabinet may review FDI policy in certain sectors tomorrow

FDI during April-September this fiscal grew by 17 per cent to USD 25.35 billion.

10 Jan 2018 10:24 AM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

9 Jan 2018 12:05 PM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

'Expect hike in minimum pension to Rs 7,500 per month under EPS-95'

Pension is Rs 1,000 a month at present, provided under Employees' Pension Scheme 1995 managed by EPFO.

9 Jan 2018 9:52 AM IST

However, HFCs operating in the affordable housing space, with a total portfolio of Rs 1.2 lakh crore, continued to grow at a faster pace of 28 per cent in FY17 compared to the industry.

Affordable home-loans next threat to banks: Moody's-Icra report

Gross-nonperforming assets in the affordable housing segment have inched up to 1.8 per cent as of Sept 2017.

9 Jan 2018 9:45 AM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Don't resort to knee-jerk reax: Assocham to govt on GST slip

GST collections slipped for second straight month to Rs 80,808 cr in Nov, down from over Rs 83,000 cr.

8 Jan 2018 3:33 PM IST

A canoe is operated by Island Tourism Kadalundi in the river.

India plans to boost tourism, travel in annual budget: sources

According to an industry report, tourism employs 40 mn people in India and could add 10 mn jobs in a decade.

6 Jan 2018 1:07 PM IST

India is the worlds second-biggest buyer of foreign coal even though imports have held steady in the last two years because of rising local output.

Cargo traffic at major ports up 3.64 pc during Apr-Dec to 499 MT

During April to December 2017, Kandla Port handled the highest volume of traffic at 81.12 million tonnes.

6 Jan 2018 12:35 PM IST