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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.

AP trader asked to pay Rs 20,000 fine for not showing Rs 15 GST

Taxmen said in notice trader wilfully violated provisions of GST laws, a punishable offence.

28 Sept 2017 10:32 AM IST

External Affairs Minister Sushma Swaraj speaks in the Lok Sabha in New Delhi on Wednesday. (Photo: PTI)

No new window for NRIs to deposit old notes: Swaraj

According to GOPIO, overseas citizens of India and people of Indian-origin are still holding demonetised currencies.

28 Sept 2017 9:20 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI may opt for status quo in next policy: SBI report

Monetary Policy Committee of RBI reduced the key interest rate by 25 basis points to 6 per cent in August.

27 Sept 2017 6:47 PM IST

Asian Development Bank chief Takehiko Nakao. (Photo: AFP)

ADB plans to raise annual lending to India to $4 billion

The proposal was endorsed at new ADB Country Partnership Strategy (CPS) for 2018-2022.

27 Sept 2017 4:59 PM IST

More than 75 people, many drivers and contractors working at the oilfield, are still wanted in connection with the heists (Photo: Representational/AP)

India needs to double refining capacity by 2040 to meet fuel demand...

Recent implementation of a goods and services tax and demonetisation are unlikely to dent fuel demand in the longer...

27 Sept 2017 4:17 PM IST

Lower opening in the domestic equity market put the rupee on the back foot.

Govt to set up advisory board to fix national minimum wages

Gupta clarified that the Centre has not fixed a National Minimum Wage for all employees.

27 Sept 2017 3:58 PM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

GST collections as on September 25

Dip in GST revenues comes despite GST Network reassuring tarders there will be no more site crashes.

27 Sept 2017 2:43 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

Over 700 new FPIs registered with Sebi in April-July

Number of FPIs with the regulator's approval rose to 8,511 at the end of July 2017, from 7,807 at March-end.

27 Sept 2017 1:52 PM IST

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)

Niti Aayog deputy chief says no harm in busting fiscal deficit target

Fiscal deficit for financial year ending next March to 3.7 per cent of GDP from a budgeted target of 3.2 per cent.

27 Sept 2017 1:16 PM IST

The tax for the real estate has gone up from 12 per cent to 18 per cent.

India slips rank in WEF's most competitive economy index

Out of 137 economies, Switzerland tops list, followed by US and Singapore in second and third places.

27 Sept 2017 11:05 AM IST

Union Minister Nitin Gadkari (Photo: PTI)

Govt's duty to support well-performing PSUs: Gadkari

Transport Minister says govt can also sack and offer voluntary retirement scheme to non-performing officers.

27 Sept 2017 9:53 AM IST

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

Nomura blames higher spending for India's fiscal woes

Japanese brokerage opposes stimulus saying a pump priming maybe counterproductive at this time.

27 Sept 2017 9:40 AM IST