Regulation

GST needs major rate structure revamp, says Hasmukh Adhia

Adhia said the overhauling would require some calculations by the fitment committee, which will decide which items need a rationalisation of rate under the GST regime.

Oct 22, 2017

Only 3.9 million GST returns for September, number half the expectation

Worried with the less than expected level of compliance, the central government has already asked states to find out possible reasons.

Oct 22, 2017

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RBI yet to issue instructions over 'mandatory' Aadhaar linking of bank accounts: RTI

If your bank has been threatening to suspend your bank account for not linking it with Aadhaar, here is what you need to know.

Oct 20, 2017

M-Aadhaar app gets OTP-based verification for easier transactions

The m-Aadhaar app will have a time-based OTP (TOTP) that will always be available on the app for 30 seconds before being refreshed to a new number.

Oct 16, 2017

Is Modi govt planning to bring real estate under GST? How will it benefit home buyers?

Economists and market analysts opined that real estate has seen the highest tax evasion among all business sectors and need to be regulated in a structured manner.

Oct 13, 2017

Modi govt to bar homeopathy doctors from selling drugs

Complaints like commercial interests were influencing the behaviour against homoeopathic practitioners forced the government to made news rules.

Oct 10, 2017

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Convicted firms cannot participate in PSU privatisation, says Centre

With the new guidelines, the government has decided to put emphasis on additional criteria for qualification or disqualification of parties seeking to acquire stakes in Central Public Sector Enterprises (CPSEs).

Oct 9, 2017

Diwali Dhamaka for exporters: No tax for six months, GST refunds in two months

For six months, we are actually reverting back to the pre-GST scenario, said the Revenue secretary

Oct 8, 2017

Latest! Aadhaar made mandatory for PPF, post office deposits, Kisan Vikas Patra

In the notifications the government has mandated that existing depositors will be given time till December 31, 2017 to verify accounts with 12-digit unique verification number.

Oct 6, 2017

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Post-demonetisation: Govt receives 'vital info' on transactions of 2 lakh suspicious companies

The data provided by 13 banks reveals suspicious transactions carried out by 2,09,032 companies, which were blacklisted by the Registrar of Companies earlier this year.

Oct 6, 2017

Sebi panel recommends separating chairman, MD roles at listed firms

The panel suggested a minimum remuneration of Rs 5 lakh per annum for independent directors and a sitting fee of Rs 20,000-50,000 for each board meeting.

Oct 5, 2017

Finance Minister Arun Jaitley to urge states to reduce VAT on petrol and diesel

Currently, states impose VAT ranging from 26-28 percent on petrol and diesel. The petroleum minister said that he asked states to reduce VAT by at least 5 percent on fuel to provide one more slab of relief to consumers.

Oct 5, 2017

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Unstimulating: Fiscal deficit hovers at 96% of full-year target, dashes stimulus hopes

During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target

Sep 30, 2017

Banks scramble to set up Aadhaar centres before September 30

UIDAI said the banks are required to have one centre per 10 branches they operate and a penalty of Rs 20,000 every month would be imposed on banks failing to open single centres before the deadline.

Sep 24, 2017

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P2P lending firms to be treated as NBFCs: RBI

The notification is a precursor to the guidelines the apex bank is likely to lay down soon for the regulation of P2P lending in India.

Sep 20, 2017

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