Finance

Start loving GST from July 1, no excuses: Arun Jaitley

Rules out further delays in timeline for GST launch. Nobody has any business not to be ready, Finance Minister says.

Jun 20, 2017

income tax, demonetisation, cash deposits in banks, rs 2.5 lakh, cbdt chief, black money, pm modi, india news

With more currency and no digital shift, demonetisation is a failure

Demonetisation via strategic devaluation of selected currency denominations rolled out last November has not resulted in a quantum shift to digital mode.

Jun 20, 2017

sbi bonus issue, sbi bonus history, sbi q4 results, sbi share price, state bank of india q4 results, sbi chairperson arundhati, sbi merger, sbi sensex

SBI tops debit card transactions in April

The country's biggest lender reported debit card transactions worth Rs 11,720.73 crore in April,

Jun 19, 2017

Safe assets: Digging new foundations in the small towns

Retail and warehousing are being driven by availability of large tracts of land on highways outside the metros, the steadily improving infrastructure and possibility of higher yields.

Jun 19, 2017

GST Council allows late filing in first two months of tax regime launch

Companies need to file a complete return of their sales invoices by the 10th of the following month, with a second by the 15th, and a third return to calculate their tax bill.

Jun 18, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

Growth rage? Angry Birds may look at tapping markets

Angry Birds creator Rovio just returned to profit last year with its movie The Angry Birds, which became the third highest grossing animation feature in China.

Jun 17, 2017

gst, gst logistics, logistics companies in india

Taxing with parity: India all set for GST, says top Finance Ministry official

GST will require firms to file at least three online tax returns monthly into the GST Network, which will process up to 5 billion invoices a month.

Jun 17, 2017

Thank haven! Swiss bank vaults may crack under Modi govt heat

Switzerland and India agree to share financial information on Indian bank accounts on automatic basis from September 2019.

Jun 16, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

Riding the waive: A growth dream betrayed

Farmer pains will be only partly eased by loan waivers even as the next round of balance-sheet agony for banks and coops gets primed for release.

Jun 13, 2017

indian farmer, farm loan waiver, up govt waives farm loans, bjp kisan morcha, congress govt, bank loans, rbi governor urjit patel

Loan waiver payback: Farmers start wilfully defaulting on loans

While it is early to quantify the extent of loan delinquency by farmers, bankers say that in some states, the default rate has increased by up to 50 percent in recent months.

Jun 13, 2017

Search for next SBI chairman begins

Arundhati Bhattacharya was appointed in 2013 as the bank's first woman chairman, and got a year's extension in October 2016, as SBI was in the process of merging its associate banks with itself.

Jun 12, 2017

arun jaitley, jaitley to meet bankers on 12 june, psu banks npas, bad loans, npa ordinance, gst implementation, it minister to meet head honchos

Boxing the box office: Revised tax rates on movie tickets will spur torrents, piracy, say Netizens

Union Finance Minister Arun Jaitley said movie tickets priced under Rs 100 will carry an 18 percent tax rate, while those above Rs 100 would be taxed at 28 percent.

Jun 11, 2017