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Income tax department expects taxpayers to file correct returns whther they file it in cash or online. (Photo: PTI).

Universal basic income looks good as substitute for inequitable public...

Because of its universality, a UBI has the potential of having a significant impact on inequality and poverty.

12 Oct 2017 1:23 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Indian govt working on revival of banking sector: Jaitley

Finance Minister Arun Jaitley said that he inherited a banking system whose monies were lying in non-performing assets.

12 Oct 2017 12:50 PM IST

The Union Cabinet on Wednesday extended the benefits of the Seventh Pay Commission for the teaching faculty of central and state universities and aided colleges. (Photo: PTI)

7th Pay Commission: Benefits to be extended to central, state...

The revised pay that will come into effect from January 1, 2018 will reflect a hike between Rs 10,000 and Rs 50,000.

12 Oct 2017 10:21 AM IST

India will work with Japan to make long-term liquefied natural gas (LNG) import deals more affordable for its price-sensitive consumers. (File Photo)

India, Japan to team up to get more flexible LNG deals

India and Japan will also look at establishing LNG spot price indices that reflect true supply and demand.

12 Oct 2017 9:45 AM IST

Finance Minister Arun Jaitley

Maximum tax evasion in real estate, Council mulls bringing it under...

A 12 per cent GST is levied on construction of a complex, building, civil structure or intended for sale, wholly or...

12 Oct 2017 9:29 AM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Net profit of listed private firms contracted 21.2 pc in Q1: RBI

Net profit of the companies totalled Rs 44,700 crore in the first quarter of the current fiscal.

11 Oct 2017 8:17 PM IST

Businesses availing trasnitional credit can file GST returns till August 28. Photo: Twitter| @GSTN_IT

Nearly 46 lakh businesses file GSTR-1 for July

Matching of GSTR-1 and GSTR-2 will be done in the return form GSTR-3, which is to be filed by November 10.

11 Oct 2017 8:03 PM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

Rathin Roy questions India's growth projections by IMF, WB

IMF lowered India's growth forecast for the current fiscal by 0.5 percentage points to 6.7 per cent.

11 Oct 2017 6:27 PM IST

Stick to fiscal consolidation road map: EAC-PM to govt

Council, which met for first time today, has identified ten themes, including economic growth and job creations.

11 Oct 2017 5:54 PM 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 jump 16 per cent to Rs 3.86 lakh cr in Apr-Sep

Advance tax collections till September stood at Rs 1.77 lakh crore, reflecting a growth of 11.5 per cent.

11 Oct 2017 4:57 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

Upping govt spending can't revive investments: India Ratings

Growth in gross fixed capital formation, which is a proxy for gauging investments, is also declining, the agency said.

11 Oct 2017 4:41 PM IST

The Economic Advisory Council led by Bibek Debroy met on Wednesday and identified 10 core issues that it will work on. (Photo: Twitter| Niti Aayog)

PM's Economic Advisory Council identifies 10 focus areas

The Council was set up with the approval of the Prime Minister on September 26, 2017.

11 Oct 2017 4:26 PM IST