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Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

20 PSU banks to get Rs 88,139 crores in fresh funding

Arun Jaitley said steps need to be taken to ensure that the governance of banks follows the highest standards.

25 Jan 2018 2:51 AM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Govt to infuse over Rs 88,000 crore in 20 public banks

During the current fiscal, ending March 31, SBI will get Rs 8,800 cr capital and Bank of India, Rs 9,232 crore.

24 Jan 2018 5:02 PM IST

A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

Health start-ups, rural care likely to top Budget agenda

According to inputs received by the finance ministry from various stakeholders, the spending in the sector should be...

24 Jan 2018 1:16 AM IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

Increase tax exemption limit to Rs 3 lakh, says SBI report

Govt has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15.

23 Jan 2018 12:34 PM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Jaitley likely to address Sebi, RBI boards on Feb 10

Finance Ministry to do away with securities transaction tax and abolish dividend tax for growth of capital markets.

22 Jan 2018 9:56 AM IST

Election Commission helped' AAP by delaying action, says Congress

Delhi Congress chief Ajay Maken also tried to suggest that the BJP had a role in the delay, but offered no evidence.

21 Jan 2018 6:21 AM IST

Union Budget 2018 to focus on jobs, salaries

To attract workers, CTC-take home salary gap may be cut.

21 Jan 2018 1:49 AM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Great expectations

The delays in implementing GST 2 and 3 are allowing large leakages of revenue to happen.

21 Jan 2018 12:09 AM IST

Genuine reform or slogan-based economics?

The low levels of education in the rural areas make people less suitable for skilled jobs and employability.

21 Jan 2018 12:09 AM IST

Prime Minister Narendra Modi

Modi's pitch at Davos next week: Come, invest in India

This is the first time that an Indian Prime Minister will attend the Davos summit in two decades after H.D. Deve Gowda...

20 Jan 2018 1:26 AM IST

Corporates open to public gaze as data available online: Jaitley

A total of 5,870 companies shelled out Rs 9,553.72 crore towards CSR activities in 2014-15.

19 Jan 2018 2:31 PM IST

Union finance minister Arun Jaitley at pre-budget meeting in Delhi on Thursday. (Photo: PTI)

Maharashtra seeks tax holiday for Naxal-hit districts

State government has decided to generate employment in these districts by using forest resources.

19 Jan 2018 2:04 AM IST