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GST: Credit card bill, insurance premium to get costlier

GST: Credit card bill, insurance premium to get costlier

Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1. Customers currently pay 15…

GST Council relaxes return filing rules for July-Aug

GST Council relaxes return filing rules for July-Aug

The GST Council relaxed return filing rules for businesses for the first two months of the rollout of the new indirect tax regime even as it stuck to the July…

Black money: Switzerland ratifies automatic info sharing with India

Black money: Switzerland ratifies automatic info sharing with India

Switzerland ratified automatic exchange of financial account information with India and 40 other jurisdictions to facilitate immediate sharing of details about suspected black money, even as it sought strict adherence…

Companies offer pre-GST discounts to clear stock

Companies offer pre-GST discounts to clear stock

It is turning out to be bonanza time for consumers as companies, ranging from apparels to car manufacturers, woo them with attractive discounts ahead of implementation of the GST next…

Govt makes Aadhaar mandatory for opening bank account

Govt makes Aadhaar mandatory for opening bank account

The government has made quoting of Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of Rs 50,000 and above. Existing bank account holders have…

Petrol, diesel prices slashed in last fortnightly revision

Petrol, diesel prices slashed in last fortnightly revision

Petrol and diesel prices have been slashed on the eve of the rollout of the new system where fuel prices will be revised daily. Petrol price has been cut by…

Cabinet clears Bill to deal with crisis in banks, insurers

Cabinet clears Bill to deal with crisis in banks, insurers

A proposal to introduce a Bill in Parliament for setting up a Resolution Corporation to deal with bankruptcy in banks, insurance companies and financial entities received Cabinet go-ahead on Wednesday.…

Govt extends interest subsidy on short-term crop loans

Govt extends interest subsidy on short-term crop loans

Farmers will continue to get short-term loan of up to Rs 3 lakh at a subsidised interest rate of 7 per cent, and prompt repayers will get it at 4…

RBI announces introduction of new Rs 500 currency notes

RBI announces introduction of new Rs 500 currency notes

The Reserve Bank of India (RBI) on Tuesday said it is launching a new batch of Rs 500 notes. “In continuation of issuing of Rs 500 denomination banknotes in Mahatma…

Singapore offers to help bankroll China’s global ambitions

Singapore offers to help bankroll China’s global ambitions

Singapore is offering up its financial industry to bankroll China’s ambition to develop a network of ports, railways, power plants and other projects across a broad swath of Europe and…