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The GST Council will hold its 22nd meeting on October 6.    Chaired by Union Finance Minister Arun Jaitley, it will deliberate on frequent glitches in the GST Network and also on issues faced...
Sep 20, 2017
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The National Association of Software and Services Companies (NASSCOM) has welcomed the resumption of fast processing of visas by US.    However, it has called for focus on new technologies,...
Sep 20, 2017
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The National Stock Exchange (NSE) has notified that it is extending the deadline for submission of annual returns for fiscal 2016-17 by trading members, a PTI report said. Prior to this, the trading...
Sep 12, 2017
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In order to meet the Basel III capital adequacy norms by March 2019, Indian PSU banks need about $65 billion in additional capital, Fitch Ratings said. The rating agency added that weak capital...
Sep 12, 2017
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The Ministry of Finance will start working for the Union Budget 2018-19 from next week.    It is India's first Budget post-GST and also the last full-fledged Budget for the current NDA...
Sep 11, 2017
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The fall in GDP growth rate to a three-year low of 5.7 per cent in the first quarter of 2016-17 shows that the problem is more structural than transient, says a report.    The dismal growth...
Sep 11, 2017
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If market regulator Sebi has its way, the role of stockbrokers would soon be limited in handling client money. The move should be beneficial to thousands of retail investors, as per a BusinessLine...
Sep 11, 2017
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The Department of Industrial Policy and Promotion (DIPP), under the Ministry of Commerce and Industry, will move a Cabinet note on the credit guarantee fund for the budding entrepreneurs.   The...
Sep 08, 2017
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Former RBI governor Raghuram Rajan has called for the need to focus on infrastructure, power and exports to stimulate GDP growth.   For past few quarters, India has been witnessing slow growth...
Sep 08, 2017
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The deposit franchise of public sector banks should be sold off to private sector banks, says Viral Acharya, deputy governor, Reserve Bank of India (RBI).    As per him, the pace at which state...
Sep 08, 2017
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The government will not create a bad bank.    Rather, it will solve NPA problem on a priority basis, with a focus on creating a long-term framework for strong and stable growth, said Sanjeev...
Sep 07, 2017
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Finance Minister Arun Jaitley is said to be "seriously" mulling over the demand of automobile manufacturers which have raised concerns over rise in the goods and services tax (GST) cess on medium-...
Sep 07, 2017
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As GST-related disruptions begin to settle down, India is likely to clock 6.7 per cent GDP growth this fiscal. India’s economic growth slipped to 5.7 per cent in April-June, underlining the...
Sep 07, 2017
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The Government of India plans to increase the quantum of the three key "social pensions" and has also drafter proposals in this regard.    All, however, depends on the state of revenues post-...
Sep 07, 2017
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With income tax department tightening noose on black money, startups and unlisted subsidiaries of some major Indian companies as well as multinationals find themselves in the spot.    They are...
Sep 07, 2017
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The revenue collection from GST has mounted to Rs 94,700 crore for July month.    About six lakh more businesses filed their returns and paid taxes in last the one week.   Till last week 38...
Sep 07, 2017
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From the Indian Accounting Standards (Ind AS) results reported by Phase-I companies for the year ended 31 March 2017, it is clear that the impact of Ind AS adoption has been all-pervasive and not...
Sep 06, 2017
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EEPC India wants the government to push for release of at least 90 per cent of goods and services (GST) refunds to exporters immediately after the shipping bills are filed with the authorities, as...
Sep 06, 2017
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Former RBI governor Raghuram Rajan does not approve of the responses given to the parliamentary panel by the central bank about demonetisation.   During the launch of his book 'I do what I do...
Sep 06, 2017
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The government has said it has struck off the names of over 2.09 lakh firms from register of companies.   The action was taken against these companies for failing to comply with regulatory...
Sep 06, 2017
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The Prime Minister’s Office (PMO) has asked income tax department to begin action against all black money deposited in banks during the demonetisation period.    I-T department was given...
Sep 06, 2017
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Prime Minister Narendra Modi has called for setting up of a BRICS credit rating agency, to counter western rating institutions and also meet the financial needs of sovereign and corporate entities...
Sep 05, 2017
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The global rating agency Crisil has scaled down its growth forecast to 7 per cent for fiscal 2018, from 7.4 per cent predicted earlier.    It said interruptions arising out of GST rollout are...
Sep 05, 2017
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Former RBI governor Raghuram Rajan says he had warned the government of demonetisation move.    As per him, there were other better ways to achieve the objective.   Rajan, who helmed the...
Sep 05, 2017
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The Income Tax department will work towards broadening of tax base and maximising e-assessment to cut down on human interface, an official statement said.    The effort by CBDT will also be to...
Sep 05, 2017
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The GST Council would look into the issue of lowering tax structure on government projects, Union Finance Minister Arun Jaitley told K C Rao, the Telangana chief minister.   Rao received...
Sep 04, 2017
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Even as Infosys struggles to put behind acrimony between founders and former Board members, the company says it is engaging with shareholders to ensure high governance standards.   The founders...
Sep 04, 2017
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The government is keeping an eye on the implementation of the Goods and Services Tax (GST) regularly, the Minister of State for Finance, Arjun Ram Meghwal, said at an event recently organised by the...
Sep 04, 2017
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Indian corporates are in the process of changeover to a new set of accounting standards called the Indian Accounting Standards (Ind AS). The roadmap regard­ing application of Ind AS is based on...
Sep 01, 2017
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Corporate Professionals has launched a book and a website on the Insolvency and Bankruptcy Code 2016. The publication titled ‘‘Compendium on Insolvency and Bankruptcy Code, 2016’’ was launched by Mr...
Sep 01, 2017
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The Government of India has been unleashing major reforms to take the country’s growth rate to a new high.   However, the need is to consolidate on the reforms, ensure speedy implementation and...
Sep 01, 2017
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The country’s fiscal deficit touched 92.4 per cent of the budget in July month.    According to a data by the Controller General of Accounts (CGA), the fiscal deficit, in absolute terms, was Rs...
Sep 01, 2017
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The stressed loans in India are set to mount in the times to come, if not addressed by the government.    According to ICRA, a credit rating agency, the gross non-performing assets (GNPAs) of...
Sep 01, 2017
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The value of a high-performing team has long been rec­ognized. It’s why savvy investors in start-ups often value the quality of the team and the interac­tion of the founding members more than the...
Aug 31, 2017
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Can you imagine running a business without use of technology? It seems very difficult, perhaps almost impossible to most of us. It is not just new age businesses that are technology dependent; even...
Aug 31, 2017
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The Government of India has provided exemptions from scrutiny to the consolidation exercise of public sector banks.    The scrutiny exemption by the competent authority encompasses all cases of...
Aug 31, 2017
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The Union Cabinet on Wednesday gives its go ahead to the promulgation of an ordinance to increase cess on cars under the new GST regime.    The mid-sized, large cars and luxury cars have become...
Aug 31, 2017
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Fiscal consolidation may be under pressure due to the recently implemented goods and services tax (GST) law, loan waivers and pay revisions, said the annual report of the Reserve Bank of India (RBI...
Aug 31, 2017
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About 99 per cent of the Rs 500 and Rs 1,000 notes have returned to the banking system, RBI said.    In its annual report released on Wednesday, the country’s central bank said Rs 15.28 lakh...
Aug 31, 2017
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In recent years, the successive waves of scandals rocking the global corporate world have led to a greater demand for transparency and accountability in the affairs of a company. Apparently, a...
Aug 30, 2017
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The government has collected Rs 92,283 crore as Goods and Services Tax (GST) for July month.    During a press conference in New Delhi on Tuesday, Finance Minister Arun Jaitley said the...
Aug 30, 2017
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The businesses in India are increasingly becoming war of the security breaches. They are investing in a big way to ensure that the detection and response system are kept in place.    According...
Aug 30, 2017
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Niti Aayog has clarified that a recent survey done on ease of doing business which suggests that it takes time to set up business in India than previous estimates is a research document.   The...
Aug 30, 2017
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The Ministry of Commerce & Industry ministry is working on to frame a new industrial policy, and has floated papers to get the views of stakeholders in this regard.   The aim of the new...
Aug 30, 2017
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The State Bank of India is of the opinion that the rights of homebuyers and lenders of stalled real estate projects should be dealt on par under the Insolvency and Bankruptcy Code. “Both lenders and...
Aug 29, 2017
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The Ministry of Law has asked the government autonomous bodies to appoint lawyers empanelled by the department of legal affairs, in cases where both the Union government and these bodies are parties...
Aug 29, 2017
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The Government of India is unlikely to change April-March financial year to January-December.    Instead, it is mulling if the presentation date of Budget could advanced further by a fortnight...
Aug 29, 2017
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Q: As enterprises adopt digital, the finance function is expected to lead the digital transformation. What are the specific expectations from finance in this transforma­tion that companies have...
Aug 29, 2017
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THE RISE OF Future Retail Ltd and Future Group is well documented, a success story with its share of ups and downs and tears and laughter. Much like the compa­ny, the success story of Ravi Kejriwal...
Aug 29, 2017
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According to an Assocham-Thought Arbitrage report, biometric cards have made disbursement of as much as Rs 83,184 crore possible to beneficiaries of Direct Benefit Transfer (DBT) schemes with minimum...
Aug 28, 2017
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