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Similarly, NBFCs have also upped their market share to 32 per cent from 27 per cent during the same period.

NBFCs to continue to dominate MSME credit market: report

Overall the formal credit to the MSME sector is seen clipping at 11 per cent each over the next two years.

22 Nov 2017 8:17 PM IST

Urban Development Minister M Venkaiah Naidu. (Photo: PTI)

Need to give push to reforms with human face: Venkaiah Naidu

Fifty six lakh people have joined the ranks of Income Tax payees post exercise by government last year.

22 Nov 2017 8:12 PM IST

Govt sets up panel to review income tax laws

In 2016 Finance Minister Arun Jaitley also promised to lower corporate tax rate to 25 per cent in 5 years.

22 Nov 2017 7:55 PM IST

Ram Vilas Paswan (Photo: Biplab Banerjee)

MMTC to import 2,000 tonnes onion to check prices: Paswan

New kharif crop is likely to be lower by 10 per cent as area sown is less by 30 per cent.

22 Nov 2017 7:23 PM IST

Maximum retail price of goods must include the GST component, a high-level panel of state finance ministers has recommended. (Photo: Pixabay)

Telangana to soon come out with Retail Trade Policy: official

Policy is expected to come out in next 2 months and there will be lots of incentives which will be regulatory in nature.

22 Nov 2017 6:58 PM IST

Indian Finance Minister Arun Jaitley speaks at a event organized by US-India Strategic Partnership Forum and FICCI in Boston (Photo: PTI)

Cabinet approves India's membership for EBRD

EBRD's core operations pertain to private sector development in their countries of operation.

22 Nov 2017 5:08 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Cabinet nods amendments to insolvency and bankruptcy code

The Finance Ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed...

22 Nov 2017 4:57 PM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

April-Oct trade deficit soars 60 pc to $88 billion: report

Current account deficit widening by 40 bps for every 10 per cent increase in crude prices.

22 Nov 2017 4:35 PM IST

Finance Minister Arun Jaitley (Photo: AP)

Cabinet approves setting up 15th Finance Commisison, wage policy for...

The Union Cabinet also agreed to revise the salaries, gratuities, pensions, etc of judges of the Supreme Court and high...

22 Nov 2017 3:40 PM IST

Yesterday the rupee had ended marginally lower by two paise at 68.20 despite the outlook for the dollar remaining lacklustre.

Cabinet gives nod to wage policy framework for CPSE workers

Government would not provide any budgetary support for any such wage increase.

22 Nov 2017 2:28 PM IST

The Centre had earlier this year made Aadhaar mandatory for availing crop insurance policies. (Representational Image | PTI)

COAI asks UIDAI for more time to operationalise OTP-based Aadhaar...

The government announced last month that Aadhaar-based verification of existing SIMs can be done via OTP-based method.

22 Nov 2017 1:56 PM IST

The Centre, in its move towards a digital economy may soon ban cheques. (Photo: Pixabay)

No more cheque books! Modi govt may ban them to boost digital economy

This move may cause severe inconvenience for traders, 95 per cent of whose transactions are via cheques and cash.

22 Nov 2017 11:06 AM IST