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The increase in HRA for central government employees under the seventh central pay commission, has impacted the CPI inflation by nearly 35 basis points.

HRA hike under 7th pay commission impacted CPI by 35 bps: study

The revised HRA structure, under the seventh CPC, came into place in July 2017.

25 April 2018 4:08 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB to hire detective agencies to locate untraceable borrowers

PNB has invited applications for empanelment of detective agencies to locate its untraceable borrowers.

25 April 2018 3:53 PM IST

EPFO has already joined the vast network of over 2 lakh common services centres (CSC) of the IT department to widen its reach.

EPFO to inform members about contributions not deposited by firms

EPFO has subscribers' base of over 5 crore and manages a corpus of over Rs 10 lakh crore.

25 April 2018 3:45 PM 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.

Cryptocurrencies to continue facing regulatory hurdles: Moody's

Cryptocurrencies threaten payments providers who charge a commission of up to 7.2 per cent.

25 April 2018 3:28 PM IST

Union finance ministry Arun Jaitley

GST Council meet on May 4, simplifying returns on agenda

Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required.

25 April 2018 3:21 PM IST

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

Govt to frame e-commerce policy to boost growth, protect consumers

Several developÂed ecÂoÂnomies, including the US, are keen on an agreement in WTO on e-commeÂrce.

25 April 2018 2:59 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India inks USD 125 mn loan pact with World Bank

Objective of the project is to nurture indigenous innovation, foster local product development.

25 April 2018 2:54 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

Prices of energy commodities to rise by 20 pc this year: World Bank

Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two...

25 April 2018 1:58 PM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

India's average GDP growth to rise to 7.8 per cent: report

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption.

25 April 2018 12:59 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Bankers clear Ebix resolution plan for Educomp

Changes in the IBC were aimed at giving companies a chance to revive, bring in fresh capital into the country.

25 April 2018 11:51 AM IST

No private airline flies to the city. Shortly after this government took over, a buffalo walked into the Surat airport and an airplane crashed into it, damaging its jet engine. (Representational image)

AAI to raise Rs 1,500 crore from debt market

Government has decided to expand airport capacity by more than five times to handle a billion trips a year.

25 April 2018 8:46 AM 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)

Banks may soon stop free services

Taxmen sent notices to multiple banks.

25 April 2018 3:00 AM IST