Business

On the first anniversary of Goods and Services Tax (GST), Union minister Arun Jaitley hailed the legislation as a 'historic' and 'game changer' reform. He praised GST for additional tax revenue collection, which rose to Rs 8.2 lakh crore in the first nine months. Mr Jaitley also praised it for a 14 percent rise in the tax base of states. While

Major banks State Bank of India (SBI), HDFC Bank and ICICI Bank offer many personal banking products such as savings accounts, recurring deposit (RD) accounts and fixed deposit (FD) accounts. Savings accounts help customers save and park their money safely with the

The rise in petrol and diesel prices has burnt a hole in the pocket of the common citizen. In the month of May, due to global oil prices touching $80 a barrel, domestic petrol and diesel prices skyrocketed to all-time highs in some cities. Because of this, retail

Reliance Industries (RIL) is set to acquire Radisys Corporation, a US-based telecom solutions provider. According to sources, RIL picked up a 100 per cent stake in Radisys for $74 million, reported news agency IANS. Radisys and RIL have entered into an agreement under

Small finance banks offer higher interest rates than their larger peers. Interest rates on savings accounts, recurring deposits (RDs) and fixed deposits (FDs) of small finance banks are as high as 9 per cent for regular citizens and 9.5 per

Goods and Services Tax (GST), which was rolled out on July 1 last year, will complete a year on Sunday. The uniform indirect tax regime, which was in the offing for several years, was eventually rolled out last year at midnight hour in the intervening night of

Indian Railways offers reservation of tickets via it's online ticketing arm-IRCTC (Indian Railway Catering and Tourism Corporation) and offline bookings from railway reservation offices and authorised travel agency. The Indian Railway administration

As the last date to file income tax returns (ITR) looms closer, the income tax payers are often urged by their chartered accountants and acquaintances to file their income tax returns (ITR) way before July 31 and not to wait till the eleventh hour. In case you have the form number 16 in your possession already, and have already paid your tax

New Delhi: Insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) on Friday permitted Life Insurance Corporation (LIC) to pick up to 51 per cent stake in the debt ridden IDBI Bank, sources said.

The decision, they said, was taken at a the meeting of the Board of Directors of IRDAI at Hyderabad on Friday afternoon.

LIC

Soon after the much-awaited indirect tax reform legislation Goods And Services Tax (GST) was rolled out on July 1 last year, several stakeholders, from tax payers to common citizens, raised their eyebrows, and even expressed outrage for prohibitively high rates

B Sriram, a former managing director of State Bank of India (SBI), on Saturday took charge as the managing director and CEO of IDBI Bank. Earlier in the day, SBI said in a regulatory filing that the government has permitted him to take voluntary retirement

Touted as the biggest economic reform since independence, the Goods and Services Tax (GST) completes one year of its implementation on July 1. In a major initiative to ease the tax system of the country, the government launched GST on July 1, 2017. Under the GST regime, a

As GST or Goods and Services Tax completes one year today, several Union ministers including Prime Minister Narendra Modi took to microblogging site Twitter to hail the achievements under the current indirect tax regime. PM Modi described GST as a tool

The government will on July 1, 2018 celebrate GST Day, to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Ministry of Finance said: "The first year

The Indian rupee closed higher at Rs 68.46/47 against US dollar on Friday. The Indian currency pared some of the losses it incurred on Thursday, and rose from its record closing low in opening trade today and ended on sharply higher note. Rupee hit an all-time closing low of 68.79 on Thursday against the earlier closing low of 68.73 on November

The price of subsidised cooking gas was raised by Rs 2.71 per cylinder as a result of tax impact of base price rising due to spurt in international rates and fall in rupee. Subsidised LPG cylinder (with effect from July 1) will now cost Rs 496.26 in Delhi, according

As Goods and Services Tax (GST) completes one full year of implementation, there are many major events that stakeholders have brought about in the year gone by. From the movement of items from one slab to another to the launch of platforms and helplines to

Union Finance Minister Arun Jaitley on Friday, attributed Goods and Services Tax (GST) for a significant jump in the tax collection and in the number of tax payers. Mr Jaitley said in a Facebook post that the total number of income tax returns filed stood at 6.86 crore in fiscal

For the fifth day in a row, petrol and diesel prices remained constant across cities.In Delhi, petrol is now being sold (same as yesterday's price) for Rs 75.55 a litre, Rs 78.23 a litre in Kolkata, Rs 82.99 a liter in Mumbai and Rs 78.40 in Chennai. Similarly,

NEW DELHI: S Ramesh has taken over as Chairman, Central Board of Indirect Taxes and Customs (CBIC), on superannuation of Vanaja N. Sarna on Saturday, June 30, an official statement said here.

Prior to his elevation, he was Member (Administration) in the Board.

S. Ramesh began his career in Mumbai as Assistant Commissioner, Central Excise and

Budget carrier IndiGo has announced Surat as its 56th destination, informed the airline in a press release issued today. IndiGo will now operate new flights connecting Surat with Delhi, Mumbai, Bangalore, Hyderabad, and Jaipur at a starting all-inclusive fare of

Those who have failed to link PAN cards to aadhaar cards need not fret since the deadline of PAN-Aadhaar linking was extended one more time on June 30. The latest move is the outcome of an order of tax department's policy making body: Central Board of Direct Taxes, on

Petrol and diesel prices remained unchanged on Saturday, June 30, 2018. A litre of petrol was being sold for Rs 75.55 in Delhi, Rs 83.06 in Mumbai, Rs 78.23 in Kolkata and Rs 78.40 in Chennai. A litre of diesel was being sold for Rs 67.38 in

State Bank of India (SBI), HDFC Bank and ICICI Bank hiked their MCLR or marginal cost of funding-based rates this month, among many other banks. MCLR is generally referred to as the minimum lending rate below which a bank cannot lend. With that move, EMIs

Mutual funds or bank FD (fixed deposits) Financial planners usually recommend mutual fund investment to investors who have at least a moderate degree of risk appetite. Bank FDs, on the other hand, are more suitable for rather conservative

The Income Tax Department has launched an instant e-PAN card or permanent account number facility that helps users get an electronic PAN instantly. This facility is available free of cost, said the department on its website,

The government on Friday released the expenditure and revenue data for the first two months of fiscal 2019. The Union Finance Ministry released the break-up of income and expenditure for the months of April and May on its official twitter handle. The data reveals that

SBI or State Bank of India currently offers a type of savings bank account that can be opened through mobile app YONO. This account does not require users to maintain any minimum balance till March 31, 2019. SBI's Digital Savings Account requires

FRANKFURT/DUESSELDORF: Germany's Thyssenkrupp and Tata Steel signed a final agreement on Saturday to establish a long-expected steel joint venture, the European steel industry's biggest shake-up in more than a decade. The final agreement comes after months of

Snapping two-day losing streak, domestic stock markets closed Friday's session on a positive note. The S-P BSE Sensex surged 385.84 points, or 1.10 per cent, to close at 35,423.48. The NSE's Nifty50 index rose 125.20 points or 1.18 per cent and settled at 10,714.30.