Finance

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Indian banks need $65 billion capital to meet Basel rules by March 2019

Stressed loans in Indian banks hit a record $150 billion at the end of December, with state-run lenders accounting for the bulk of it.

Sep 12, 2017

Direct tax revenue grows 17.5% to Rs 2.24 lakh cr in Apr-Aug

Collection is 22.9 percent of the total Budget Estimates of direct taxes for 2017-18

Sep 11, 2017

GST peppered with input credit claims for Rs 62,000 crore in July

Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.

Sep 11, 2017

I-T department to bash the #, examine social media profiles of taxpayers

I-T department will launch 'Project Insight' to use Big Data analytics to match information from social media sites for mismatches between spending patterns and income declarations.

Sep 10, 2017

Taxed, and really taxed: GST Council swamped with complaints by traders

Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.

Sep 9, 2017

NPS or PPF, which would work best for you?

PPF provides guarantee of returns and are low risk, with low interest rates; NPS is more rewarding, but needs investors who are in for the long haul.

Sep 9, 2017

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DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

Essar Steel gets Rs 800 crore interim financing from Edelweiss Group

The interim financing will keep Essar Steel as a going concern till lenders and the IRP finalise a restructuring plan within 270 days.

Sep 7, 2017

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Conditions apply! Bank bosses tells government on PSBs mergers

Union Finance Minister Arun Jaitley said an alternative mechanism will be in place which is going to facilitate fast-track approvals of consolidations.

Sep 5, 2017