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GST revenue at Rs 92,283 cr gets a bumper start

GST revenue at Rs 92,283 cr gets a bumper start

India’s maiden GST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying that taxes worth Rs 92,283 crore were collected in July from just 64.42…

GST cess may increase from 15% to 25%

GST cess may increase from 15% to 25%

The GST Council, the apex tax rate setting body under the Goods and Services Tax regime, had on August 5 approved raising cess on SUVs, mid-sized, large and luxury cars that…

Introduction of Rs 200 notes will ease transactions: RBI

Introduction of Rs 200 notes will ease transactions: RBI

The Reserve Bank launched the bright yellow 200 notes and said it will shortly ramp up the supply of the new currency note across the country. The RBI has launched…

‘Creamy layer’ income cap for OBCs raised to Rs 8 lakh per annum

‘Creamy layer’ income cap for OBCs raised to Rs 8 lakh per annum

The income limit defining ‘creamy layer’ for OBC reservation has been raised by Rs 2 lakh per annum even as the Union cabinet approved setting up of a panel for…

RBI to issue Rs 200 notes: Finance Ministry

RBI to issue Rs 200 notes: Finance Ministry

The government on Wednesday gave its go-ahead to the Reserve Bank to issue Rs 200 notes that will ease pressure on lower-denomination currency bills. The finance ministry, in a notification,…

SBI offers upto 100% waiver on car, gold, personal loans

SBI offers upto 100% waiver on car, gold, personal loans

With the onset of the festive season, the largest lender State Bank of India announced processing fee waiver of up to 100 per cent on car loans, gold loans and…

Essar Oil completes sale of India assets to Rosneft for USD 12.9 bn

Essar Oil completes sale of India assets to Rosneft for USD 12.9 bn

The Ruias-run Essar Oil announced the completion of sale of its India assets to the Russian government controlled Rosneft-led consortium for USD 12.9 billion. The deal comes more than 10…

RBI to issue new fluorescent blue Rs 50 notes

RBI to issue new fluorescent blue Rs 50 notes

The Reserve Bank will soon introduce new fluorescent blue Rs 50 banknotes bearing the motif of ‘Hampi with Chariot’ that depicts India’s cultural heritage. RBI said it will shortly issue…

Arun Jaitley asks states to cut VAT on natural gas, other fuel

Arun Jaitley asks states to cut VAT on natural gas, other fuel

Finance Minister Arun Jaitley has written to state chief ministers seeking a cut in sales tax or VAT on fuels like natural gas that have been kept out of the…

Over 9.3 crore PANs linked with Aadhaar

Over 9.3 crore PANs linked with Aadhaar

More than 9.3 crore Permanent Account Numbers (PAN) have been linked with Aadhaar, a senior Income Tax Department officer said. Of the total PAN-Aadhaar seeding, which is nearly 30 per…