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Kerala’s annual plan for 2017-18 pegged at Rs 26,500 cr

Kerala’s annual plan for 2017-18 pegged at Rs 26,500 cr

The Kerala cabinet on Wednesday approved the annual plan outlay of Rs 26,500 crore for 2017-18, which is Rs 2500 crore more than the current fiscal. The total plan for…

No limit on cash withdrawal from March 13: RBI

No limit on cash withdrawal from March 13: RBI

The Reserve Bank of India on Wednesday decided to phase out weekly limit on cash withdrawal from savings accounts in two stages, starting from February 20. First, the weekly withdrawal…

RBI keeps lending rate unchanged at 6.25%

RBI keeps lending rate unchanged at 6.25%

For the second time in a row, the Reserve bank on Wednesday opted for a status quo in its key rates but shifted the stance of the monetary policy from…

Taxman not to ask questions on deposits up to Rs 2.5 lakh: CBDT

Taxman not to ask questions on deposits up to Rs 2.5 lakh: CBDT

Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department on Monday said no questions will be asked about deposits of up to Rs 2.5 lakh and…

Economy to grow more than 7% next fiscal: Shaktikanta Das

Economy to grow more than 7% next fiscal: Shaktikanta Das

Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das expressed confidence that the economy will grow upwards of 7 per cent next fiscal. “For this year’s GDP growth, we…

Remonetisation nearly complete, says Shaktikanta Das

Remonetisation nearly complete, says Shaktikanta Das

The exercise of remonetisation that began after scrapping of the old Rs 500 and 1,000 notes on November 8 is ‘nearly complete’ as practically there are no restrictions on withdrawals,…

Political parties must file ITR by Dec or lose exemption: Govt

Political parties must file ITR by Dec or lose exemption: Govt

After capping anonymous cash donations to political parties at Rs 2,000, the government is amending law to make it mandatory for them to file returns on income by December every…

Only 76 lakh Indians showed income of over Rs 5 lakh

Only 76 lakh Indians showed income of over Rs 5 lakh

Finance Minister Arun Jaitley on Wednesday placed before Parliament some revealing data indicating that India’s direct tax collection is not commensurate with the income and consumption pattern of the economy.…

Govt removes all taxes on PoS machines to push e-payments

Govt removes all taxes on PoS machines to push e-payments

In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print…

Cash dealings above Rs 3 lakh banned from Apr 1: Minister

Cash dealings above Rs 3 lakh banned from Apr 1: Minister

Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017. The decision…