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Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI rejigs portfolios of deputy governors following Acharya's exit

The RBI, headed by Governor Shaktikanta Das, has four deputy governors.

24 July 2019 10:18 AM IST

Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

SC slams Noida, Greater Noida, bank officials; JP Morgan figures in...

The money of the home buyers has been diverted , said the bench of Justices Arun Mishra and Uday Umesh Lalit.

24 July 2019 6:36 AM IST

Supreme Court of India (Photo: PTI)

Supreme Court cancels Amrapali registration, asks NBCC to complete...

Appointing senior lawyer R Venkataramani as court receiver, the court said the cancelled lease deeds will now vest in...

24 July 2019 6:29 AM IST

Outspoken Dy Governor Viral Acharya ends his RBI stint

Acharya will be most remembered for speaking his mind on protecting the autonomy of the RBI.

23 July 2019 8:03 PM IST

Many taxpayers donate one days salary or part of their income for noble purposes but do not declare these donations in their tax returns.

Taking goods abroad for exhibitions will not have to generate tax...

Goods taken abroad in this manner are required to be either sold or brought back within a period of 6 months from the...

23 July 2019 10:35 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

18 pc GST on flat owners paying monthly maintenance of over Rs 7,500

Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.

23 July 2019 8:49 AM IST

Housing financiers like Indiabulls Housing Finance and Dewan Housing Finance are facing liquidity crunch.

Startups warming up to affordable housing

Players moving into the space with Govt/PE funding.

23 July 2019 1:09 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

No GST on goods sent for fairs

Several goods are taken out of India for exhibitions or other export promotion events.

23 July 2019 1:07 AM IST

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin mules and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators watchful eyes.

Govt panel for banning private cryptocurrencies

The committee recommended that all private cryptocurrencies, except any cryptocurrency issued by the state, be banned.

23 July 2019 1:05 AM IST

The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

Payments banks fall by the way on tight regulatory requirements

According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for...

23 July 2019 1:04 AM IST

Competition Commission of India

Government wants antitrust review of Big Four' accountants: source

CCI should look into dominance of these four global auditors and whether they are thwarting competition.

22 July 2019 1:29 PM IST

The research groups analysis of sulfur-rich minerals, called sulfides, in diamonds mined in Sierra Leone, indicated that the region experienced two subduction events during its history. (Photo: Representational/Pexels)

Dip in India demand hits Russian diamond miner

Alrosa expects the situation to ease in the September quarter as demand from jewellery consumers remains stable.

22 July 2019 7:34 AM IST