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RBI refuses to disclose list of loan defaulters

RBI refuses to disclose list of loan defaulters

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to…

Entertainment, cable, DTH to attract lower taxes under GST

Entertainment, cable, DTH to attract lower taxes under GST

Taxation on entertainment, cable and DTH services shall come down under the Goods and Services Tax regime as the ‘entertainment tax’ levied by states has been subsumed in the GST,…

Smartphones, cement to cost less under GST

Smartphones, cement to cost less under GST

The Union government said that the GST, scheduled to be rolled out from July 1, is set to benefit consumers as tax incidence on smartphones, medical devices and cement will…

Food items to be cheaper under GST: Minister

Food items to be cheaper under GST: Minister

Most of the food items will be cheaper as the GST rate on them has been kept within 5 per cent range, Union minister Harsimrat Kaur Badal said. The Goods…

Paytm raises $1.4 bn funding from SoftBank

Paytm raises $1.4 bn funding from SoftBank

Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm. The funding will help Paytm — operated by One97 Communications —…

EPFO reduces claim settlement period to 10 days

EPFO reduces claim settlement period to 10 days

Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present. In July 2015,…

91 lakh persons come under tax net post note ban: Minister

91 lakh persons come under tax net post note ban: Minister

The number of persons under the tax net has increased by 91 lakh as unaccounted cash lost anonymity post note ban, Finance Minister Arun Jaitley said. Launching a new website…

Petrol price cut by Rs 2.16 a litre

Petrol price cut by Rs 2.16 a litre

Petrol price was cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre, reversing the four week trend of rising rates. The reduction comes on back of…

11 PIOs in Forbes’s list of best venture capitalists

11 PIOs in Forbes’s list of best venture capitalists

Eleven Indian-American investors feature in Forbes magazine’s annual list of the 100 best venture capitalists who are behind some of the highest- returning investments in the technology sphere. The ‘Midas…

Electric vehicles to save $60 bn in fuel costs by 2030: Niti Aayog

Electric vehicles to save $60 bn in fuel costs by 2030: Niti Aayog

Accelerated adoption of electric and shared vehicles could save USD 60 billion in diesel and petrol costs while cutting down as much as 1 gigatonne (GT) of carbon emissions for…

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