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Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

CBDT clarifies stance on recovery of Rs 36 lakhs from start-up

The assessing officer made the addition after issuing proper show-cause notice and obtaining reply in the matter.

9 Feb 2019 11:35 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce policy to be out this month

The Centre will not immediately constitute a regulatory authority for the sector.

9 Feb 2019 2:15 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce rule changes put off PE/VC investors

Vertical players in different segments like babycare, beauty and personal care, fashion and furniture have demonstrated...

9 Feb 2019 2:15 AM IST

One of the most important sectors from which bank generate its income is through the Home Loan department.

SBI cuts home loan rates by 5 basis points

One basis point is one hundredth of a percentage point.

9 Feb 2019 2:15 AM IST

The MoU was inked on February 6 by CCI chairman AK Gupta and CEO, GeM, S Radha Chauhan. (Photo: ANI)

GeM and CCI join hands for fair environment in e-marketplace

Both CCI, GeM appreciate the importance of advanced analytical tools and processes for identification of malpractices...

8 Feb 2019 5:13 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

PSBs identified 54 intl operations for rationalisation by mid-Jan:...

s on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative...

8 Feb 2019 4:25 PM IST

Shaktikanta Das

Interest rates likely to fall after surprise cut by RBI

Depositors, however, need not worry as the banks, in their bid to garner more deposits, are unlikely to cut rates...

8 Feb 2019 6:23 AM IST

The experts said that the Kharif foodgrain output is likely to fall due to irregular monsoon initially.

After Kharif, Rabi crop too estimated to come down

The second estimate of Kharif crop too has been tad lower by 2.83 per cent than 140.73 million tonnes of food grains...

8 Feb 2019 1:34 AM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

ECB route opened for funding insolvency cases

Guidelines in this regard will be issued by the end of this month.

8 Feb 2019 1:34 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Cap on FPI investment in corporate bond lifted

RBI will also come out with draft guidelines by the end of next month to rationalise interest rate derivative...

8 Feb 2019 1:34 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Rate cycle reversing, but banks may go slow on interest cut

This is the first rate cut since August 2017.

8 Feb 2019 1:33 AM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

Credit flow to NBFCs to go up

The RBI has aligned the risk weights for bank exposures to all categories of NBFCs other than Core Investment Companies...

8 Feb 2019 1:33 AM IST