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Electric vehicle is the future transport.

Govt to increase tax on petrol, diesel cars to promote electric...

An increase in taxes on petrol and diesel vehicles will boost the promotion of electric vehicles.

12 July 2018 1:24 PM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Banks fear Mudra loans sans collateral may become NPAs

The government has already disbursed around Rs 5,54,703 till date to almost 12 crore consumers.

12 July 2018 9:03 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

India proposes easing local data storage rules for foreign payment...

RBI would compel global payment firms to store customer data only locally.

12 July 2018 8:55 AM IST

Congress leader Ahmed Patel arrives at the parliament house in New Delhi. (Photo: PTI)

Why qualifications for CEA diluted', Ahmed Patel asks Centre

In strongly worded tweet Congress president Rahul Gandhi had attacked the government over the resignation of Mr...

12 July 2018 5:35 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank employees oppose proposed take over by LIC

This is a clear move to privatise it, bypassing the assurance given to Parliament.

3 July 2018 5:27 PM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Government decides to sell 11 PSUs

MTNL, Bhel, ITDC's Ashok Hotel in Delhi up for disinvestment.

23 Oct 2019 2:12 AM IST

A term plan is typically a pure insurance plan with no investment benefits, surrender value, or maturity benefit.

Centre plans new FRDI Bill, hike in deposit insurance

The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the...

18 Oct 2019 2:26 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the...

14 Oct 2019 2:45 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Cos opting for new lower tax can't claim MAT credit, other deductions:...

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

3 Oct 2019 9:18 AM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

GST collection declines to Rs 91,916 crore in September

The revenue collection in the same month a year ago stood at Rs 94,442 crore.

1 Oct 2019 7:38 PM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Budget 2020: FinMin seeks suggestions for rationalising income tax,...

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

13 Nov 2019 3:09 PM IST

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

FinMin says fundamental of Indian eco robust, reforms to stimulate...

Government of India has also proactively taken policy decisions in response to the global slowdown.

8 Nov 2019 10:21 AM IST