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The official said Rs 32.54 crore in cash, out of the total seizures of Rs 152.78 crore, has been released after verification. (Representational image)

Business

Cash withdrawal from multiple accounts to be aggregated for levying 2...

Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

19 July 2019 9:38 AM IST

Former president Pranab Mukherjee with RSS chief Mohan Bhagwat as RSS event begins. (Photo: Twitter/ ANI)

India

It's not coming out of heaven: Pranab Mukherjee on USD 5 trillion...

He was speaking at an event at the Mavalankar Hall, Constitution Club of India in the national capital on Thursday.

19 July 2019 8:58 AM IST

Dell Technologies has announced the findings of its Women Entrepreneur Cities (WE Cities) Index.

Life

Herculean hurdles

Even though the Captial improved in indicators over the past two years, it still indicates difficulties for women in...

19 July 2019 2:38 AM IST

India

Direct Tax Code report by July 31

Sitharaman said that the aim was to reform the complex Income Tax laws into simpler tax codes with reduced rates, fewer...

19 July 2019 12:54 AM IST

The minister said GST alone has five amendments to bring about ease of compliance by the MSME sector and promote digital payments. (Photo: ANI)

India

Seven laws related to indirect taxation being amended through Finance...

The laws being amended include the Customs Act, Customs Tariff Act, GST Act and Finance Act of 2002 and 2018.

18 July 2019 6:18 PM IST

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Business

Amit Shah to head ministerial panel on Air India sale

The AISAM has been reconstituted. It is now a four- member panel, against five members earlier, said a source.

18 July 2019 3:54 PM IST

Business

7 indirect tax-related laws being amended: FM Sitharaman

The government would also be bringing changes to seven laws related to direct taxes.

18 July 2019 3:00 PM IST

$BSNL had recently said BSNL-MTNL combination will be \advantageous\ for both firms, given the synergies in areas like enterprise and mobile businesses.$ Business

Group of Ministers discusses revival of BSNL, MTNL

This is the second time a GoM has been constituted for revival of the two ailing public sector firms.

17 July 2019 9:16 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)

Business

Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Sitharaman

Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.

16 July 2019 4:08 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Business

Will India's tax on the rich hit foreign investment inflows?

Investors are threatening to pull funds from India unless rules are amended so that they won't take a tax hit.

16 July 2019 9:15 AM IST

Hyundai sells several low-priced vehicles in India, which could pose a challenge in terms of market positioning for Kia.

Business

Kona SUV to be cheaper on GST cut

Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

16 July 2019 2:00 AM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

India

Delhi government should work in sync with Centre: Finance Minister

Sitharaman underlined that the Cente will work closely with the housing societies in Delhi to iron out the issues faced...

14 July 2019 6:32 PM IST