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No proposal to withdraw cheque book facility: FinMin

No proposal to withdraw cheque book facility: FinMin

The finance ministry said there is no proposal to withdraw the bank cheque book facility as part of exercise to promote digital transaction. The clarification comes in the backdrop of…

Govt sets up task force to review income tax laws

Govt sets up task force to review income tax laws

After overhauling indirect taxes, the government formed a task force to draft a new direct tax law to replace the existing Income Tax Act, which has been in force since…

Cabinet approves India’s membership for EBRD

Cabinet approves India’s membership for EBRD

The Union Cabinet approved India’s membership for European Bank for Reconstruction and Development (EBRD), a move which will help it obtain funding in various areas including services and manufacturing. Steps…

Govt to bring in ordinance for changes in insolvency law

Govt to bring in ordinance for changes in insolvency law

The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, Corporate Affairs Minister Arun Jaitley said. The Code, which became operational in…

Centre may ban cheque books to push digital transaction

Centre may ban cheque books to push digital transaction

In a bid to boost digital transactions and create a cashless India, the Central government is likely to ban all cheque books. A senior functionary of industry body CAIT had…

Nilekanis pledge to donate half of their wealth for philanthropy

Nilekanis pledge to donate half of their wealth for philanthropy

Infosys co-founder and Chairman Nandan Nilekani and his wife Rohini Nilekani have decided to pledge half of their wealth for philanthropy. With this, the Nilekani family has become the fourth…

Infosys’ Rs 13,000 cr buyback to open on Nov 30

Infosys’ Rs 13,000 cr buyback to open on Nov 30

India’s second largest IT company Infosys said its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. Outlining the buyback dates in a regulatory filing,…

GST Anti-Profiteering Authority gets cabinet nod

GST Anti-Profiteering Authority gets cabinet nod

The Union Cabinet on Thursday approved setting up of a National Anti-profiteering Authority under the GST, as it seeks to ensure that consumers get the benefit of reduced prices under…

GST has reduced barriers between states: President

GST has reduced barriers between states: President

President Ram Nath Kovind said that the introduction of Goods and Services Tax (GST) was a milestone and the new regime has reduced barriers between states, creating a more formal…

GST rejig: Tax rate on 178 daily items reduced to 18%

GST rejig: Tax rate on 178 daily items reduced to 18%

In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates to beauty products, wigs and wrist watches, were cut to provide relief…

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