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  Business   Economy  18 Jun 2017

Business, Economy, 18 Jun 2017

Jaitley urges HUPA to engage realtors to pass GST benefit to buyers

Construction of flats, complex, buildings will attract a 12 per cent goods and services tax (GST) compared to about 11 per cent tax.

18 Jun 2017 7:24 PM

GST Council gives 2 months relaxation for return filing

The Council's decision came in the wake of the industry's push for deferment of the tax implementation.

18 Jun 2017 7:15 PM

Vedanta to collaborate with JSMDC to set up steel plant in West Singhbhum

The chief minister said the government has signed MoUs worth Rs 3 lakh crore with prospective investors for a number of other projects.

18 Jun 2017 6:47 PM

GST Council gives 2 months relaxation time for filing of GST returns

The GST Council today, however refused to make any more revisions on GST rates.

18 Jun 2017 6:23 PM

Ransomeware Wannacry affected govt e-portal MCA21 last month

An e-governance initiative, MCA21 enables secure access of the services to corporate entities, professionals and citizens.

18 Jun 2017 4:13 PM


Bankers to meet from Monday to decide on large loan defaulters

Banks will meet to discuss six of the 12 accounts named by the RBI before referring accounts to the NCLT.

18 Jun 2017 3:08 PM

Indians have 'rather few' deposits in Swiss accounts, says bank association

According to the Swiss National Bank data, the funds held by Indians with Swiss banks fell to CHF 1,217.6 million in 2015.

18 Jun 2017 2:52 PM

Swiss banks demand secrecy for automatic info exchange with India

The Swiss Federal Council has ratified the AEOI with India to facilitate sharing of details about suspected black money.

18 Jun 2017 2:23 PM

GST prep: Durables industry worried over stock, losses in run-up to July 1

GST has caused a sense of discomfort amongst the traders as they are worried over the cash flow that might occur during GST implementation.

18 Jun 2017 1:54 PM

Assocham urges PM to push India's case on visa curbs with Trump

The chamber expressed concern over the proposed visa restrictions which will hit Indian IT professionals in the US.

18 Jun 2017 1:38 PM


GST: Retailers working overtime to be GST-ready; don't see sales hit

Large retail companies rule out fear of sale disruption post GST and believe it will create a 'level-playing field'.

18 Jun 2017 1:22 PM

Government pushes PSBs to explore acquisition of smaller banks

Large PSBs like Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India could look for potential candidates for acquisition.

18 Jun 2017 1:05 PM

Wage code bill likely to be tabled in monsoon session

At present laws on wages do not cover workers getting monthly wage of more than Rs 18,000.

18 Jun 2017 12:25 PM

Experts: Govt, firms should use firewalls to counter cyber risks around GST

Experts believe that if operationally security aligns with business objectives, it will enable a seamless GST process.

18 Jun 2017 11:54 AM

FPIs invest USD 3.55 bn in Indian market in GST expectation

The reason for FPIs' net inflow is expectation from the government that it would speed up development and economic reforms.

18 Jun 2017 11:34 AM


Fire insurance premium to see hike post July 1

A new set of burning cost 'referral' rates from the IIB is going to be applicable from July 1 that could see an increase in premium.

18 Jun 2017 10:59 AM