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GST collections in July fall 14% due to COVID lockdown. (Photo-ANI)

Government launches crackdown on 7,000 GST evaders, 187 arrested

The government netted a record GST collection of Rs 1.15 lakh crore in December 2020, helped by the action against tax...

3 Jan 2021 9:38 PM IST

Internet services, landline and mobile phones were snapped across Jammu and Kashmir on August 4, a day before the Centres announcement to scrap the special status of Jammu and Kashmir and divide it into two union territories. (Representational image)

Landline to mobile calls get zero prefix

DoT accepts Trai's recommendation; Decision will come into force from January 1

25 Nov 2020 10:40 AM IST

Outside view of Lakshmi Vilas Bank, in Mumbai, Wednesday, Nov 18, 2020. Shares of Lakshmi Vilas Bank (LVB) plunged as much as 20 per cent -- lower circuit -- on Wednesday after the Reserve Bank of India (RBI) imposed a 30-day moratorium on the cash-strapped lender, restricting cash withdrawals at Rs 25,000 per month. (PTI Photo)

Lakshmi Vilas Bank shareholders to get nothing after merger with DBS...

However, depositors need not worry as their deposits will be transferred to DBS and would be fully secured

19 Nov 2020 5:18 AM IST

A representational image of shopping mall. (Photo: PTI)

COVID-19 effect: Shopping malls coming up at snail's pace across India

The calendar year was supposed to see the launch of 54 new malls, spanning over 22.2 million sq. ft, as per the...

18 Nov 2020 4:04 AM IST

Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)

Lakshmi Vilas Bank placed under moratorium, RBI proposes merger with...

As part of the moratorium, the regulator has capped deposit withdrawals by customers to Rs 25,000

18 Nov 2020 3:29 AM IST

Govt releases truncated WPI for April; wholesale food inflation falls 3.7%. (AP Photo)

WPI inflation rises to eight-month high in October

As per the data, this is the highest level of Wholesale price index-based or WPI inflation since February

18 Nov 2020 2:38 AM IST

Indian economy likely to see record quarterly slump as pandemic hits. (PTI Photo)

Indian economy may be recovering faster than anticipated: Oxford...

Inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal, it said.

15 Nov 2020 2:49 PM IST

Finance Minister Nirmala Sitharaman addresses media on the outcomes of the 42nd GST Council meeting, in New Delh. PTI Photo

FM Sitharaman announces new stimulus measures for India's...

Among the many announcements made by the finance minister include a new job creation scheme

12 Nov 2020 4:16 PM IST

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

With India's economy in a tailspin, Cabinet approves PLI plan for 10...

Under the five-year scheme that will continue till 2025, extra domestic production will be encouraged in 10 key sectors

12 Nov 2020 1:16 PM IST

Tax authorities raids Chinese entities for money laundering. (PTI Photo)

LIC bats for a unified regulator to oversee all of India's financial...

The insurer is of view that the regulatory process in all these sectors need to be simplified

10 Nov 2020 10:43 AM IST

BSE Tower. (PTI Photo)

After unpredictable Samvat 2076, India's stock markets look forward to...

India has chance to come out stronger and report healthy growth in Samvat 2077, provided we don't see a big second wave...

9 Nov 2020 1:08 PM IST

Similarly, a number of structural reforms have been taken in recent years which include demonetisation, implementation of the Goods and Services Tax (GST), banking policies etc. which will need time to yield results. The recent performance of some sectors has shown optimism.

Mid sized banks report higher Q2 net profit as asset quality improves

Fresh slippages were lower in the absence of lumpy corporate non-performing assets

7 Nov 2020 10:54 AM IST