Business, Economy, 23rd Aug 2017, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 10:40 AM IST

Business Economy 23 Aug 2017

Business, Economy, 23 Aug 2017

The implementation of goods and service tax (GST) could possibly increase overall benefits for retailers by up to 5 per cent over the next three years.

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

Finance Minister Arun Jaitley said the Alternative Mechanism will oversee the proposals coming from boards of PSBs for consolidation. Photo: AP

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

Concerned over rising onion prices, the Centre on Wednesday asked state governments to impose stock limits on traders to check hoarding.

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

Over 20 lakh businesses have paid tax online so far under GST, said GSTN Chairman Navin Kumar.

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

Punjab National Bank (PNB) is also among probable names for consolidation. (Photo: Representational/PTI)

'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

Finance Minister Arun Jaitley heads the GST Council. Photo: PTI

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

The income tax department is open to lowering the withholding tax rate for foreign companies which have income in India.

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

The government will issue Rs 200 notes soon. Photo: PTI/ Representational

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

Errors made while filing income tax returns can be addressed on the 'e-Proceeding' option on the I-T e-filing website.

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

Right now, there is no currency note of a denomination between Rs 100 and Rs 500 value. (Photo: Representational/PTI)

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

GST component of the states' own tax revenue for all the states to drop to 15.5 per cent in FY18

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

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Sunil Gatade