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Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now has time till April 30 to complete the process, the finance ministry said on Wednesday.

Business

Taxpayers can complete filing transitional credit form by April 30

GSTN, central and state governments would appoint nodal officers in requisite number.

4 April 2018 4:19 PM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Business

Govt pushes state banks to find own funding sources

Including restructured or rolled over loans, all banks in India had a total 9.5 trillion rupees of soured loans.

3 April 2018 12:43 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Business

Fiscal deficit to be lower than revised estimates for 2017-18: Garg

India revised its fiscal deficit target to 3.5 per cent of GDP from an earlier 3.2 per cent of GDP for 2017-18 fiscal...

3 April 2018 8:43 AM IST

China has slapped extra tariffs of up to 25 percent on 128 US products including frozen pork, as well as on wine and certain fruits and nuts, in response to US duties on imports of aluminium and steel. (Photo: AP)

World

China slaps extra tariffs in retaliation to US steel, aluminium duties

The tariffs, to take effect on Monday matches a list of potential tariffs on up to USD 3 bn in US goods published by...

2 April 2018 12:51 PM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

RBI may agree on raising FPI limit on G-Secs to 6-7 per cent

RBI and the ministry are in the final stages of discussions for increasing the FPI limits from April 1, 2018.

2 April 2018 12:13 PM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Business

Govt to revamp flagship insurance schemes for poor

Objective is to make policies affordable to poorest of the poor.

31 July 2018 9:05 AM IST

Replying to an RTI query, it said the study reports of the NIPFP, NCAER and NIFM were received by the government on December 30, 2013, July 18, 2014, and August 21, 2014, respectively. (Photo: PTI)

India

Finance ministry refuses to share black money reports in reply to RTI...

In reply to an RTI application, finance ministry said the disclosure of information would cause a breach of privilege of...

23 July 2018 5:11 PM IST

The latest order said the deadline for the PAN-Aadhaar linking for filing I-T returns was being extended after consideration of the matter. (Photo: AFP | Representational)

Business

Govt to ask MSMEs under GSTN to obtain Udyog Aadhaar

The finance ministry is likely to send an email to the micro, small and medium enterprises soon.

22 July 2018 12:43 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business