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The worlds top 60 economies have adopted more than 7,000 protectionist trade measures on a net basis since the financial crisis. (Photo: Reuters)Business
World has racked up 7,000 protectionist measures since crisis: study

2016 saw highest level of protectionism in percentage terms since 2010, at just over 61 per cent of all trade measures...

15 Nov 2017 1:09 PM IST

Eating out will get cheaper from Wednesday as the GST Council has slashed rates on food served in AC and non AC restaurants to 5 per cent. (Photo: Pexel)Business
5 per cent GST on eating out from today! Nearly 200 items become...

The GST Council slashed the rates on nearly 200 items that were placed in the topmost 28 per cent slab.

15 Nov 2017 11:20 AM IST

Inflation based on the Wholesale Price Index was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.Business
RBI unlikely to slash rate till March, say analysts

CPI inflation is likely to rise above 4 per cent by the end of this year.

15 Nov 2017 3:04 AM 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.Business
Trade deficit widens to three year high

Imports grew by 7.6 per cent to $ 37.11 billion in October from $ 34.5 billion in the year-ago month.

15 Nov 2017 2:58 AM IST

The newly-issued Rs 2000 notes. (Photo: PTI)Business
Indian household wealth hits $5 trillion

India's wealth growth of $451 billion represents the 8th largest wealth gain globally by country.

15 Nov 2017 2:52 AM IST

The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)Business
CBDT to issue notices to 'suspicious' cash depositors

The people who have filed their returns will be examined against the amounts they have deposited during the period of...

14 Nov 2017 9:10 PM IST

The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)Business
Benami assets: I-T department scanning profiles of property registered

The top boss of the I-T department said that till now, the taxman has attached 621 properties.

14 Nov 2017 8:54 PM IST

The finance ministry has said the tax department should file a third appeal in a case only selectively and after a critical examination. (File Photo)Business
Third appeal in tax cases should be filed selectively: CBEC

The TPRU had suggested that CBEC should not contest a case further, if the issue has been lost in two previous stages of...

14 Nov 2017 8:41 PM IST

However, imports too jumped 49 per cent to $37.88 billion in April 2016, pushing trade deficit to a 29-month high $13.2 billionBusiness
India's Oct trade deficit widens to near three-year high of USD 14.02...

Goods imports last month were USD 37.12 billion, a gain of 7.6 per cent from a year ago.

14 Nov 2017 6:15 PM 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.Business
Bring realty under GST with stamp duty, moderate rate: Assocham

Assocham official also expressed his views on whether petroleum, electricity and alcohol should be brought under the...

14 Nov 2017 3:59 PM IST

The Nikkei India Services PMI Business Activity rose to 51.7 in October, from 50.7 in September. (File Photo)Business
India services export flat at $14 bn in Sep, import grows

The services sector contributes to about 55 per cent in India's gross domestic product.

14 Nov 2017 2:29 PM IST

Railway Minister Suresh PrabhuBusiness
Will soon come out with mid-term review of foreign trade policy:...

Commerce and Industry Minister Suresh Prabhu said promotion of international trade would help boost India's economic...

14 Nov 2017 2:05 PM IST

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