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  Business   Economy  26 Jun 2017

Business, Economy, 26 Jun 2017

Financial year likely to be Jan-Dec from 2018; end of 150-year rule

A few months back, the Parliamentary Standing Committee on Finance also recommended shifting the financial year to the January-December.

26 Jun 2017 8:54 PM

Amazon supports govt's move to defer TCS under GST

This will benefit small businesses since they don't have to deal with pressures of cash flow during transition to GST system.

26 Jun 2017 8:26 PM

Delhi furniture makers to go on 3-day strike over GST rate

The problem of domestic furniture manufacturers have been compounded by the government's decision to lower import duty.

26 Jun 2017 7:58 PM

White paper on GST released by CAIT to educate traders

CAIT has also launched a 'Digital Rath' to educate small businesses and the trading community on adoption of digital payments.

26 Jun 2017 7:28 PM

Record low credit growth in FY 17 drops to 5.1 per cent

One-third of this massive contraction was led by just 10 companies, which cumulatively availed of Rs  33,571 crore less this year.

26 Jun 2017 6:59 PM

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Y V Reddy offered Raghuram Rajan post of deputy governor

Reddy wrote in his autobiography how he offered Rajan the post of deputy governor in 2004, which he declined then.

26 Jun 2017 6:42 PM

COAI: mandatory testing of telecom products will cripple industry

COAI said mandatory local screening will create potential supply chain disruptions and increase cost of telecom services.

26 Jun 2017 6:25 PM

DoT to frame stricter rules for IMEI and for tracking lost phones

The DoT has barred telecom operators from providing service to any mobile phone with fake IMEI number.

26 Jun 2017 6:06 PM

After initial 'hiccups', GST will benefit all in long-term: Venkaiah

He said GST will bring down inflation, prices, improve ease of doing business and strengthen the economy in the long run.

26 Jun 2017 5:48 PM

No reason to worry about GST, govt to ensure smooth transition: Goa CM

The chief minister said the general consumer would benefit from GST as it will bring down prices of a slew of commodities.

26 Jun 2017 5:29 PM

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Banks to increase provisioning by 25 per cent post NPA haircut: Crisil

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.

26 Jun 2017 5:14 PM

Indian Railways to revamp Shatabdi, Rajdhani following complaints

In its first phase, railways has selected Mumbai-Delhi Rajdhani Express and Mumbai-Ahmedabad Shatabdi Express for upgradation.

26 Jun 2017 4:52 PM

Modi suggests US business schools study GST rollout

Modi added that implementation of GST is a "complex" task and that it could be the subject of future case-studies.

26 Jun 2017 4:06 PM

USIBC sets up India task force on civil aviation

India's domestic aviation sector is one of the fastest growing in the world.

26 Jun 2017 3:44 PM

Govt defers TDS, TCS under GST to ensure smooth rollout

GST is expected to widen the tax base, check tax evasion and add about 1-2 per cent to GDP.

26 Jun 2017 3:19 PM

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World Bank clears $250 mn loan to train India's job seekers

India will require an additional 109 million skilled workers in 24 key sectors by 2022.

26 Jun 2017 3:02 PM

Amazon to continue investing in India, says CEO Jeff Bezos

Amazon CEO Jeff Bezos declared that Amazon wants to keep growing in India after meeting Prime Minister Narendra Modi.

26 Jun 2017 2:08 PM

FPIs keep faith in equities, but Indians hunt for gold

Current value of FPI holding in the top 200 stocks (BSE-200 Index stocks) is USD 368 billion.

26 Jun 2017 2:02 PM

India moves DGAD over dumping of Chinese polyester yarn

SRF Ltd and Reliance Industries have alleged dumping of the yarn and asked for an investigation.

26 Jun 2017 1:31 PM

Banks have no liability for locker theft; how to protect your valuables

According to RBI, banks are not responsibility for the safety of valuables kept in lockers and will not provide compensation.

26 Jun 2017 1:16 PM

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