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However, the collection of taxes under the GST is encouraging and likely to further improve revenue collection and return filing compliance, it said.

Business

Less deficit pain likely: Ind-Ra

The government has reiterated its commitment to narrow down the fiscal deficit to 3.2 per cent for fiscal 2018.

28 Nov 2017 12:55 AM IST

Commerce & industry minister Suresh Prabhu.

Business

Centre to set up new unit to boost exports

The government is planning to set up an organisation to promote Indian exports to different geographies.

28 Nov 2017 12:48 AM IST

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)$ Business

Black money: Taxmen to launch assessment of defaulters from Jan

CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.

27 Nov 2017 8:53 PM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

Business

GST tax kitty drops to Rs 83,346 crore in November on rate cut

About 50.1 lakh GST returns have been filed for the month of November, a finance ministry statement said.

27 Nov 2017 8:39 PM IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

Business

Divestment plan, GST to reduce government's fiscal woes

The report said the government's divestment strategy has a potential to generate Rs 1 trillion.

27 Nov 2017 7:34 PM IST

Business

West Bengal has to change image in minds of investors: Ex-Infosys...

Mohandas Pai said that although Trinamool is trying to change the image, there was a need to change perception of the...

27 Nov 2017 1:55 PM IST

Founders of Flipkart Sachin Bansal and Binny Bansal, along with three top officials have been booked for allegedly cheating a Bangalore-based businessman of Rs 9.96 crore. (Photo: Flipkart)

Business

Flipkart founders booked for 'cheating' Bangalore businessman

Naveen Kumar, the complainant, has named the Flipkart founders along with other officials for cheating him of Rs 9.96...

27 Nov 2017 1:05 PM IST

Raghuram Rajan has written about his experiences in India as RBI governor in his recently launched book I do what I do. (Photo: PTI)

Business

Need broad-based economic growth, more job opportunities: Rajan

Short-term political solutions to the job reservation issue can damage the fabric of the country.

27 Nov 2017 11:53 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

Business

Interest rate cut unlikely: Assocham

While analysts are giving different takes on the upper level of crude, crossing the 70 dollar per barrel is not ruled...

27 Nov 2017 12:55 AM IST

$The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)$ Business