Parliament, GST, GST rollout, Narendra Modi
June 23, 2017 1:53 am

The government said in the resolution that GST is one of the most sweeping indirect tax reforms in any federal polity in the world, in which complexities such as multiplicity of taxes, multiple compliances, and cascading of taxation will be removed.

Nasscom, IT-BPM, Industry growth, IT growth
June 23, 2017 1:45 am

According to Nasscom, the industry added over $11 billion in revenue during 2016-17, growing at 7.6 per cent in reported currency terms. This was lower than their revised range pegged at 8-10 per cent from 10-12 per cent growth estimated originally.

Hasmukh Adhia, GST, Tax regime, GST Council
June 23, 2017 1:41 am

Allaying the fears of increased compliance burden in the GST regime, Adhia said that this was rather a “myth” as just the software used by businesses for the interface with the taxman needed a one-time tweaking.

Manoj Sinha, Reliance Jio, Telecom Ministry Bharti Airtel
June 23, 2017 1:23 am

Sinha’s assurance came after the operators stressed on the points they had earlier made at their meetings with the IMG, which underlined the division between the incumbents like Bharti Airtel and Idea Cellular on one side and Reliance Jio on the other.

RBI, Overseeing committee, RBI OC, Banking Regulation (Amendment) Ordinance
June 23, 2017 1:18 am

The expansion follows promulgation of the Banking Regulation (Amendment) Ordinance, 2017 last month. The ordinance had outlined the reconstitution of the OC with an expanded mandate. The OC was originally constituted by the Indian Banks Association in consultation with the RBI.

Essar Steel, Bhushan Steel, Insolvency, Bankruptcy
June 23, 2017 1:16 am

Steel companies account for 50 per cent of 12 large corporate defaulters identified by the Internal Advisory Committee of the RBI for insolvency proceedings. The total debt of 12 companies is estimated to be around Rs 2.5 lakh crore.

Urjit Patel, GST, Tax regime, Fintech
June 23, 2017 1:06 am

‘Not overly pessimistic about jobs scenario in IT; start-ups can compensate’

Central Depository Services Ltd. IPO. CDSL IPO, CDSL IPO subscription
June 22, 2017 4:16 am

The IPO received bids for over 421 crore shares against the total issue size of 2.48 crore, according to the NSE data.

venkaiah naidu, farmers suicide, farmer loan waiver, farmers' loans, shiv sena, india news
June 22, 2017 4:04 am

The letter was prompted by a communication from the finance ministry to HUPA where the former brought the issue to Naidu’s notice.

Monetary policy, repo rate, Ravindra H Dholakia, RBI
June 22, 2017 3:52 am

The vote marked the first non-unanimous decision in the five meetings since the MPC was formed in September 2016.

GST, GST rollout, Goods and services tax, Kerala GST, J&K GST, Kerala GST ordinance,
June 22, 2017 8:18 am

Kerala on Wednesday issued an ordinance approving the SGST Act, while West Bengal had issued it on June 15. Given the special status under the Constitution, J&K needs to ratify all GST-related laws in its Assembly, unlike states which had to pass only SGST Act.

Thales, Reliance Defence, Rafale combat aircrafts, Anil Ambani
June 22, 2017 3:41 am

Within the proposed JV, Reliance Defence will have a 51 per cent shareholding, whereas the remaining 49 per cent will be held by Thales

Crop loan waivers, Fiscal deficit, agricultural crisis, agricultural loan waivers
June 22, 2017 3:06 am

Debt waivers would engender an additional burden on the respective states’ fiscal balances, necessitating further debt raising beyond our baseline estimate of Rs 4,50,000 crore for FY2018, said Jayanta Roy.

Russia, Hydro power projects, Rosatom State Atomic Energy Corps, Indo-Russia ties
June 22, 2017 2:59 am

The discussions are being done through Ganz Engineering and Energetics Machinery, a 100 per cent Hungarian subsidiary of the Rosatom’s engineering division Atomenergomash.

Sebi, Ajay Tyagi, credit rating agencies, Reliance communications
June 22, 2017 2:46 am

Sebi wants to know whether investors could have been alerted and rating actions on RCom could have been initiated earlier.

farm loan waiver, crop loan, maharashtra farmers, devendra fadnavis, indian express
June 22, 2017 2:45 am

Chief Minister Devendra Fadnavis had earlier held meetings with Union finance minister Arun Jaitley to discuss the issue of junked notes in DCCBs.

Ajay Tyagi, Sebi, NSE, NSE co-location case
June 22, 2017 2:42 am

Sebi to check if brokers made unfair gains

BJP, BJP leaders with old notes, Demonetised notes, Demonetisation
June 22, 2017 2:31 am

The central bank is yet to release the data on how much of the banned currency was deposited with the banking systems

Sebi, Sensex, Sensex points, Sensex points shoot up, market news, NIFTY, indian express news
June 22, 2017 2:25 am

Markets regulator’s move likely to help tackle the bad loan crisis in domestic banks

Monnet Ispat & Energy, Insolvency and Bankruptcy Code, BSE Sensex, RBI
June 21, 2017 2:10 am

The stock closed higher by 16.94 per cent to Rs 35.20 on the BSE on Tuesday.

Banking stocks, Punjab loan waiver, Sensex, Punjab National Bank
June 21, 2017 2:00 am

Banking stocks came under heavy selling pressure after the Punjab government announced farm loan waiver for small and marginal farmers, which is likely to impact the PSU banks.

SpiceJet, SpiceJet turbopop aircrafts, Q400 turbopop aircrafts, Bombardier, Business news, Indian Express
June 21, 2017 1:58 am

SpiceJet’s latest order will help further take forward the government’s vision to provide air connectivity to the common man, civil aviation secretary R N Choubey said.

GST, GST Rollout, Healthcare tax, Private hospitals GST
June 21, 2017 1:53 am

While education and healthcare are out of the GST net, various rates are applicable to drugs, equipments, APIs etc.

June 21, 2017 1:50 am

Sunset clause of two years inserted; 8-11 months provided for the process

GST, GST rollout, Arun Jaitley, GST rollout extension
June 21, 2017 1:43 am

The GST will be launched in presence of President Pranab Mukherjee during the function, which is being organised by the Parliamentary Affairs Ministry.

Bombay High Court, Pilots notice period, Guidelines for pilots serving notice, One year notice period for pilots, National Aviators Guild, Civil Aviation Requirement, Business news, Indian Express
June 21, 2017 1:28 am

The petition states that this rule is prescribed by the ministry/regulatory body and not by individual airlines and since it is a question of their employment contract, the ministry should not have a role in the same.

Minimum Support Price, Farmers, Agricultural prices, Kharif crops
June 21, 2017 1:16 am

Minimum support price of several kharif crops to increase by 5-8%

Rita Teaotia, GST, Exports, GST impact on exports
June 21, 2017 1:11 am

India’s exports grew at its fastest pace in the last five years by 4.7 per cent to $274.65 billion in the financial year 2016-17.

subrata roy, sahara, sahara case, subrata roy case, subrata roy parole, subrata roy jail, sahara company fraud, sahara fraud case, supreme court, supreme court judgement sahara, supreme court judgement subrata roy, SEBI
June 20, 2017 2:39 am

Allowing the request, the bench said "if the balance amount is not paid by that date, we will be compelled to send the contemnor (Roy) to the custody and we are sure he shall not give rise to such an occasion."

I-T department, it, Cairn Energy, UK, I-T department Cairn Energy, business news
June 20, 2017 2:36 am

This follows British oil firm losing in an international arbitration tribunal its challenge against India’s I-T department taking coercive action to recover the tax dues.

Sebi, Sensex, Sensex points, Sensex points shoot up, market news, NIFTY, indian express news
June 20, 2017 2:24 am

The market watchdog has directed municipalities to disclose all the price sensitive information and financial results to the stock exchanges.

Shashi Shankar, ONGC, ONGC chairman, Dinesh Sarraf, Shashi Shankar ONGC, business news
June 20, 2017 2:19 am

Shankar faced controversy after being suspended from the current post in February 2015 for alleged irregularities in an unawarded Rs 23-crore tender for buying 21 blowout preventers.

June 20, 2017 2:16 am

The meeting was chaired by PM’s additional principal secretary P K Mishra and attended by senior officials, including financial services secretary Anjuly Chib Duggal and corporate affairs secretary Tapan Ray.

IDBI Bank, Lanco Infratech Ltd, Reserve Bank of India, RBI, State Bank of India, business news
June 20, 2017 2:07 am

Amtek Auto's scrip dived 19.97 per cent to close at Rs 23.45 and Bhushan Steel tanked 16.16 per cent to Rs 58.90 on the BSE.

share market, Nifty, sensex, Japan's Nikkei, sensex points, business news, indian express news
June 20, 2017 1:56 am

The sentiment was also boosted after market regulator Sebi said it plans to relax norms for direct registration of foreign investors and fast-track the listing process as part of efforts to make the Indian stock market more attractive.

3D, 3D printing, 3D printing technology, nuclear sector, Rosatom, tech news, technology news, indian express news
June 20, 2017 1:47 am

Russia’s nuclear energy corporation, Rosatom, is in advanced stages of implementing a plan to develop advanced metal additive manufacturing technology by producing 3D printed parts for the country’s nuclear industry.