First Installment for recapitalisation of PSU banks will be released in December, sources say

Thu, Oct 26, 2017

The Union Government will start infusing capital into public sector banks (PSBs) from December 2017, a source aware of the development has informed Zee Business. The recapitalisation bond will be cash neutral, the source further said.  

More >

Recapitalisation plan positive for banks' ratings: Fitch

Thu, Oct 26, 2017

The recent recapitalisation plan announced by the government for public sector banks will provide substantial funds to the lenders to address the capital shortages, that has a major negative impact on their ratings, says a report.

More >

Govt committed to sticking to fiscal deficit target of 3.2% GDP, says FM Arun Jaitley

Tue, Oct 24, 2017

Finance Minister Arun Jaitley today said the Indian economy is on a strong wicket with sound macro-economic fundamentals.

More >

Govt bets on infrastructure push, PSB recapitalisation to shore up economy

Tue, Oct 24, 2017

Ministry of Finance has announced big banking reforms along with infrastructure investment under new incentives to 'boost economic growth.'

More >

Govt waives off late fee payment under GSTR filings for August, September

Tue, Oct 24, 2017

Respite for businesses under GST continued as the Finance Minister today announced waiver of late fee payment for those who filed returns late.

More >

Great interest about India among investors in US, says FM Jaitley

Sun, Oct 15, 2017

There is a great interest about India in the United States and among its investors, Finance Minister Arun Jaitley today said, adding that the relationship between the two countries was a "mature" one.

More >

GST Council to discuss bringing real estate under its ambit: Arun Jaitley

Thu, Oct 12, 2017

The matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Jaitley said.

More >

Rs 11,000-crore worth General Insurance Corporation IPO gets 3/4th subscription on day one

Wed, Oct 11, 2017

Among the top five companies selected by the Finance Minister Arun Jaitley, in January 2017 for listing the national reinsurer General Insurance Company would be the first one to launch its initial public offering. 

More >

Demonetisation, GST uncertainties affected India's economic momentum: World Bank

Wed, Oct 11, 2017

A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia. As a result, South Asia has fallen to second place after East Asia and the Pacific.

More >

Maharashtra cuts VAT on petrol by Rs 2 per litre and diesel by Rs 1 per litre

Tue, Oct 10, 2017

Maharashtra government trim down VAT on fuel prices. From midnight of Tuesday, in Maharashtra the petrol price will be at Rs 60.55 per litre and diesel near Rs 59 per litre. 

More >

'Attempts to derail' GST have failed: Arun Jaitley

Tue, Oct 10, 2017

Jaitley said global integration of Indian economy is happening at a time when other economies are becoming more protectionist.

More >

No extension for July GSTR-1, Govt clarifies

Mon, Oct 09, 2017

The Government of India, in a statement on Monday said, "The last date for filing GSTR-1 for the month of July, 2017 is 10th October, 2017. An extension of two months has already been given. There will be no further extension given to taxpayers for filing their GSTR-1 return for July."

More >

Is Inheritance Tax coming back to India?

Mon, Oct 09, 2017

 Inheritance tax popularly known as estate tax or estate duty was levied at the time of inheriting any assets. It was abolished during the Rajv Gandhi rule in 1985. 

More >

Jewellery stocks rally on KYC, PMLA relief by GST council

Mon, Oct 09, 2017

In a move to provide relief to customer and jewellers, the GST council in 22nd meet decided to withdraw the KYC norms for purchase above Rs 50,000 for time-being. A guidelines will be issued the council in nearterm.   

More >

GST Council reduces tax rates on 27 goods, approves quarterly return filing

Sat, Oct 07, 2017

More >

GST council meet: These categories saw reduction in rates

Fri, Oct 06, 2017

While providing relief to exporters and SMEs, the GST council also changed the tax rate for a number items involving medicines, stationary items, packaged foods and handicrafts, etc. 

More >

Exporters may get e-wallet for refunds by April 2018: GST council

Fri, Oct 06, 2017

Last month, exporters mentioned that an estimated Rs 65,000 crore is locked up in GST refunds. Jaitley plans to implement an e-wallet platform for exporters to make things easier. 

More >

No PAN, Aadhaar details for jewellery above Rs 50,000: GST council

Fri, Oct 06, 2017

Under the 22nd GST Council Meeting chaired by FM Arun Jaitley, the government decided not to make Aadhaar and PAN mandatory for purchase of high value goods like jewellery. 

More >

GST Council: SMEs with turnover of Rs 1.50 crore to file quarterly returns

Fri, Oct 06, 2017

The Goods and Service Tax Council (GST Council) was chaired by Finance Minister Arun Jaitley to discuss a special package for the micro, small and medium enterprises (MSMEs) and exporters.

More >

GST Council to meet today; relief for MSMEs, exporters on the agenda

Fri, Oct 06, 2017

The 22nd GST Council Meeting is likely to discuss a special package for the micro, small and medium enterprises (MSMEs) and exporters.

More >