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Centre, states reach consensus on GST; rollout from July 1

Centre, states reach consensus on GST; rollout from July 1

In a significant breakthrough in implementation of India’s biggest tax reform, the deadlock over administration of GST ended on Monday after the Centre agreed to allow states control over most…

RBI raises ATM withdrawal limit to Rs 10,000 a day

RBI raises ATM withdrawal limit to Rs 10,000 a day

In a major relief, the Reserve Bank on Monday more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at Rs 24,000. RBI however…

Richest 1% own 58% of total wealth in India: Study

Richest 1% own 58% of total wealth in India: Study

In signs of rising income inequality, India’s richest 1 per cent now hold a huge 58 per cent of the country’s total wealth — higher than the global figure of…

Petrol price up by 42 paise a litre

Petrol price up by 42 paise a litre

Petrol price was on Sunday hiked by 42 paisa a litre, the fourth increase in 6 weeks, and diesel rate was raised by Rs 1.03 a litre, the second hike…

‘Humiliated’ by note ban events: RBI employees to Urjit Patel

‘Humiliated’ by note ban events: RBI employees to Urjit Patel

Feeling ‘humiliated’ by events since demonetisation, RBI employees on Friday wrote to Governor Urjit Patel protesting against operational ‘mismanagement’ in the exercise and the government impinging its autonomy by appointing…

Airtel rolls out payments bank, to invest Rs 3,000 cr

Airtel rolls out payments bank, to invest Rs 3,000 cr

Finance Minister Arun Jaitley on Thursday inaugurated Airtel Payments Bank of Bharti Enterprises, which is being rolled out across the country with an investment of Rs 3,000 crore. “As more…

India receives $130 bn FDI in two and a half years: PM

India receives $130 bn FDI in two and a half years: PM

With the government taking steps to improve business climate, total FDI inflows in the last two-and-a-half years have touched USD 130 billion, Prime Minister Narendra Modi said. Modi, while addressing…

Tax evasion suspected in Rs 3-4 lakh crore deposits post demonetisation

Tax evasion suspected in Rs 3-4 lakh crore deposits post demonetisation

As it analyses bank deposits post demonetisation, the government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to…

BoB offers lowest home loans rates at 8.35%

BoB offers lowest home loans rates at 8.35%

State-run Bank of Baroda reduced home loan rates by 70 basis points to the industry’s lowest level of 8.35 per cent that will be applicable for customers having a strong…

Jaitley cites higher tax mop up to dismiss economic slowdown fears

Jaitley cites higher tax mop up to dismiss economic slowdown fears

Dismissing concerns of slowdown due to demonetisation, Finance Minister Arun Jaitley on Monday said both direct and indirect tax collections have shown robust increase during the April-December period, indicating uptick…

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