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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Business

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 PM IST

Prime Minister Narendra Modi. (Photo: PTI)

India

Cabinet okays percentage-based pension regime

The Committee reached its findings based on an analysis of hundreds of live pension cases.

4 May 2017 6:05 AM IST

For the past few days, the rupee continued to outshine the US dollar and ended at a nearly 3-month high of 67.22 yesterday.

Business

5 things to know about Code on Wages that ensures minimum pay

Union Cabinet on Wednesday is likely to give approval to Code on Wages Bill that ensures minimum pay for all employees.

12 July 2017 2:02 PM IST

In a statement, Air India condemned the incident and said that they will also probe the matter at their end.

Business

Parliamentary panel seeks details on AI disinvestment from govt

Government officials as well as officials from air India are expected to provide reports to a Parliamentary Standing...

9 July 2017 5:53 PM IST

India

Cabinet clears bill to scrap 105 redundant laws

Four Acts have so far been enacted to repeal 1,175 Central Acts between May, 2014 and August, 2016 by the Parliament.

19 Jan 2017 5:20 AM IST

PM Narendra Modi after Cabinet meeting in New Delhi. (Photo: PTI)

India

Cabinet clears four bills to enable rollout of GST

The GST laws were the only agenda at the meeting of the Union Cabinet on Monday.

21 March 2017 1:19 AM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

Union Cabinet clears 4 key GST legislations

Official says govt now plans to introduce IGST, CGST, SGST and one compensation bill in Parliament this week.

20 March 2017 10:59 AM IST

India

Law to provide fees to sheriffs among 105 Acts set for repeal

The government plans to scrap 105 redundant laws which have been clogging the statute books.

27 Jan 2017 2:42 AM IST

Opinion

Involve Parliament in any move on Air India

This lack of faith could make the response to unloading shares on the public fairly lukewarm.

3 July 2017 12:21 AM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

Business

Central govt staff to see 106-157 per cent hike in HRA from July

According to Jaitley, this decision is set to benefit more than 7.5 lakh 1-3 levels of government employees.

4 July 2017 4:31 PM IST

India

Cabinet OKs new panel for OBCs with more powers

The bill to provide constitutional status to the body will be introduced in Parliament.

24 March 2017 1:15 AM IST

India

Cabinet approves setting up of NSEBC as Constitutional body

The Union Cabinet has approved setting up of a NSEBC by making amendment to the Constitution, mainly by insertion of...

23 March 2017 12:29 PM IST