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  Business   Economy  22 Jun 2017

Business, Economy, 22 Jun 2017

EPF members to get housing subsidy of Rs 2.67 lakh via HUDCO tieup

MoU will club the benefits of the Housing Scheme introduced by the EPFO for its subscribers and the PMAY.

22 Jun 2017 8:08 PM

Govt to launch National Data Repository on June 28

At present, the government selects and demarcates areas it feels can be offered for bidding in an exploration licensing round.

22 Jun 2017 7:40 PM

Will recommend review of GST, Minister tells industries

No penalty would be imposed for three months if small and medium entrepreneurs failed to submit GST returns.

22 Jun 2017 7:39 PM

Centre approves 1.27 lakh more houses for urban poor

Pradhan Mantri Awas Yojana (Urban) has reached 20.95 lakh since the launch of the scheme two years ago

22 Jun 2017 7:28 PM

RBI rejigs overseeing committee to monitor restructuring of bad loans

The reconstituted OC will work with an expanded mandate to review the restructuring of stressed assets.

22 Jun 2017 6:10 PM


GSTN sets up call centre for enrolment queries

GSTN has partnered with IT giants Infosys and Tech Mahindra for launching the call centres.

22 Jun 2017 5:38 PM

GST to create national market and broaden tax base: Urjit Patel

Patel said broadening of tax base is an important outcome of GST and other initiatives on e-payments and digitisation.

22 Jun 2017 5:02 PM

Tejas Express now on Delhi-Chandigarh and Delhi-Lucknow routes

Two rakes of the luxurious Tejas Express will be launched by the Indian Railways later this year.

22 Jun 2017 4:45 PM

Seeking loan waiver has become fashion these days: Venkaiah Naidu

So far states like Maharashtra, Karnataka, Uttar Pradesh, Madhya Pradesh and Punjab have announced loan waiver.

22 Jun 2017 4:26 PM

Farm loan waivers may cost Rs 1.5-2.3 lakh crore

So far, Maharashtra and UP have waived nearly 30-40 per cent of outstanding agri-bank credit.

22 Jun 2017 4:16 PM


Urjit Patel not pessimistic about IT jobs, feels startups should help

Patel's comment came amidst reports pointing to big IT firms laying off people and going slow on hiring.

22 Jun 2017 3:46 PM

Tractor manufacturers demand GST rate cut on tractor components

Present levy is of 28 per cent GST on parts and components of tractors while that on construction equipment is 18 per cent.

22 Jun 2017 2:13 PM

Wrong to say Indian IT dependent on H-1B visa: Infosys CEO Sikka

Sikka's comment comes as IT firms like Infosys, Wipro and TCS are expected to be hit by Trump's crackdown on H1B visas.

22 Jun 2017 1:49 PM

MPC minutes reveal a strong case for rate cut in August: Analysts

Earlier this month, the RBI in its MPC meet had left the key repo rate unchanged at 6.25 per cent.

22 Jun 2017 1:31 PM

Watch: How exactly will GST work

GST will subsume all central and satate levies into a single nationwide tax.

22 Jun 2017 12:51 PM


Repo rate: No premature policy action; Patel says RBI to wait for data

Urjit Patel also underlined the need for resolution of stressed assets of banks and timely recapitalisation of PSU lenders.

22 Jun 2017 12:04 PM