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  Business   Economy  23 Aug 2017

Business, Economy, 23 Aug 2017

GST could increase overall benefits for retailers by 5 per cent

Retailers can avail of input credits with the effective GST tax rate that factors in all benefits.

23 Aug 2017 8:21 PM

Cabinet clears 'Alternative Mechanism' to oversee bank mergers

The decision to set up the AM follows SBI merging its five associate banks, as also the Bharatiya Mahila Bank, with itself. 

23 Aug 2017 7:09 PM

Onion prices soar, govt directs states to put stock limits on onion traders

Onion prices have shot up in the last few weeks due to depleting old stocks and concerns about this year's output.

23 Aug 2017 6:34 PM

20 lakh firms paid GST so far, 30 lakh more expected: GSTN Chairman

GST-Network -- the company managing tax filing apparatus -- has geared up the IT network to handle the rush.

23 Aug 2017 5:44 PM

'Ailing' PSU banks get Cabinet nod for consolidation

Consolidated bad loans or non-performing assets of these banks stand at Rs 8-11 lakh crore.

23 Aug 2017 3:52 PM


GST Council's 21st meeting to be in Hyderabad on September 9

The Telagnana government is going to raise the issue of tax concession for government projects.

23 Aug 2017 3:32 PM

CBDT open to lowering withholding tax for foreign firms

CBDT Chairman Sushil Chandra also urged firms and MNCs operating in India to pay their due share of taxes.

23 Aug 2017 2:16 PM

It's official: Govt announces introduction of Rs 200 notes

The introduction of Rs 200 notes will address the problem of the 'missing middle' currency in the country.

23 Aug 2017 1:49 PM

10 steps to correct mistakes made while filing income tax returns

One can access the 'e-Proceeding' option on Income Tax department's e-filing website to rectify the errors.

23 Aug 2017 1:18 PM

RBI to issue Rs 200 notes in first week of September: report

Central bank says this time it will ensure that black marketing of Rs 200 notes does not take place.

23 Aug 2017 10:58 AM


11 states may see Rs 9,500 crore revenue loss this year under GST

All states combined will grow at a CAGR of 16.6 per cent in FY18 over FY16 under the new GST regime.

23 Aug 2017 10:37 AM