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After blowing the lid off the big-ticket IL&FS scam, the Serious Fraud Investigation Office (SFIO) is likely to look into the mega fraud alleged against Indiabulls Group by Rajya Sabha member Subramanian Swamy.

SFIO may probe charges against Indiabulls Group

The agency is looking forward to directions from the government to formally begin the investigation.

31 July 2019 1:03 AM IST

In a move to encourage domestic manufacturing of e-vehicles, the Goods and Services Tax (GST) Council is likely to decide on lowering tax rates for electric vehicles soon.

GST cut on e-vehicles likely

The GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.

22 July 2019 7:38 AM IST

Finance Minsitry would soon be issuing new guidelines on appointing the heads.

Government mulls splitting top tier of general insurers

To a question if their tenure will also be similar to those of the banks, the source said, the government is working on...

16 July 2019 1:34 AM IST

To put things simply, a taxpayer who doesnt have a PAN card can now file the income tax returns.

Budget 2019: Aadhaar, PAN interchangeable for IT returns

The move is aimed at improving tax compliance and ease the process of tax payment for tax payers.

6 July 2019 6:27 AM IST

The stance of countrys first family in not listening to SCs order on Rafale deal case petition can be termed as, with due respect, amazing audacity, Defence Minister Nirmala Sitharaman said. (Photo: ANI)

Budget 2019: Common man hit hard as many items of daily use to get...

Sitharaman said exemptions from customs duty on certain electronic items that are now being made in India are being...

6 July 2019 6:21 AM IST

Chief economic adviser K. Subramanium and principal economic adviser Sanjiv Sanyal (standing) at the release of Economic Survey in New Delhi on Thursday. (Photo: G.N. Jha)

Survey predicts 7 per cent growth; focus on jobs, investment

Outlining the future roadmap, the Economic Survey was tabled by finance minister Nirmala Sitharaman in the Rajya Sabha...

5 July 2019 1:20 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

Rise in investors demanding unclaimed money

The Ministry of Corporate Affairs (MCA) expects to receive 24,000 claims this year against just about 2,000 two years...

27 Jun 2019 1:41 AM IST

Ten drones and two unidentified flying objects (UFOs) were spotted at IGI airport and Dwarka area near IGI airport from January 2010 to January 2019, said the Delhi police.

Maharashtra to soon use drones to update land records

This exercise that was last held during the British regime.

26 Jun 2019 2:20 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI's repo-linked loans to have 33-year tenure

The new product will reportedly have a relatively higher EMI load in the beginning so that the burden comes down with...

21 Jun 2019 3:16 AM IST

IFIN, which has been found to be funding its own revenues for several years, was the main source of funds for the IL&FS group entities.

IL&FS brass ignored early warning by whistleblower

The scam at IL&FS hit last year after several group entities defaulted on repayments dues.

10 Jun 2019 4:26 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.

Government may scale down GST target

Out of the pegged Rs 6.44 lakh crore GST collections, the Centre was looking to collect CGST of Rs 5.04 lakh crore and...

8 Jun 2019 1:40 AM IST

As the probe of IL&FS fraud, committed likely by its in-house top honchos, is taking an aggressive turn, the Ministry of Corporate Affairs-led investigating agency Serious Fraud Investigation Office (SFIO) is mulling interim attachment of all movable and immovable assets of auditors, independent directors and other top officials.

SFIO may attach assets of IL&FS honchos, auditors

The SFIO's first charge-sheet came on IFIN, the first subsidiary of IL&FS, which is proved to be a gateway to this huge...

3 Jun 2019 2:55 AM IST