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$The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)$ Business

Demonetised notes still being processed for accuracy, genuineness':...

As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the...

11 Feb 2018 1:09 PM IST

Finance Minister Arun Jaitley said that the government gave opportunity to people to come clean about their accounts held abroad. (Photo: Twitter/ANI)

Fiscal situation should be comfortable next financial year: Jaitley

Fiscal deficit or gap between total expenditure and revenues has been pegged at 3.3 per cent for the next fiscal.

10 Feb 2018 3:59 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI, Sebi need to be cognisant of market volatility: Urjit Patel

Stock markets have been on a sharp downslide this week, barring just one session, amid a global rout in equities.

10 Feb 2018 3:43 PM IST

RBI governor Urjit Patel

Need to be forward-looking on monetary policy: Urjit Patel

Patel said the MPC decision took into account all the downside risks and mitigating factors.

10 Feb 2018 2:18 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI status quo on key rate indicates growth will pick up: Garg

Government welcomes the MPC's assessment and notes its decision to maintain the policy rate.

10 Feb 2018 10:18 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Fears of RBI rate hike overdone; 25 bps cut likely in Aug

Reserve Bank did not go in for a hike in key rates, despite expecting a surge in inflation going forward.

8 Feb 2018 1:54 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI lowers economic forecast to 6.6 per cent for FY18

Recapitalisation of PSUs along with resolution of stressed assets under IBC will create demand for fresh investments.

7 Feb 2018 4:09 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI keeps repo rate unchanged at 6 per cent for 3rd straight time

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Tuesday.

7 Feb 2018 2:45 PM IST

The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Govt expects to finalise roadmap for MSME bad loans by March

Online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks.

7 Feb 2018 11:52 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI expected to keep rates on hold for now

Economy is expected to grow only 6.7 per cent in the current fiscal year slowest pace in about three years.

7 Feb 2018 10:32 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI likely to keep interest rate on hold for 3rd time in a row

RBI had reduced benchmark lending rate by 0.25 percentage points to 6 pc in August, bringing it to a 6-year low.

5 Feb 2018 5:19 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI need not react to bond yields, MSP for interest rate review:...

MSP for farmers and refrain from going in for any hike in benchmark policy lending rates when MPC meets on Feb 7.

5 Feb 2018 11:00 AM IST