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Reserve Bank of India governor Urjit Patel is expected to again slash interest rate by 0.25 per cent at its next policy review on Wednesday. The experts believe that Patel may take this step in...
Dec 05, 2016
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The fifth session of the Goods and Services Tax (GST) Council remained inconclusive on the issue of administrative powers on the 10 million indirect assessee base. The Council will again meet on...
Dec 05, 2016
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In the wake of Max Life Insurance-HDFC Standard Life merger, the Insurance Regulatory and Development Authority of India (IRDAI) has decided to tighten non-compete fee rules for companies entering...
Dec 05, 2016
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The government seems bullish on boarding the digital India boat sooner than later. In yet another step towards turning India into a cashless economy, the Centre has suggested RuPay, MasterCard and...
Dec 05, 2016
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Retired Delhi high court judge R.V. Easwar is of the view that the arbitration route should be adopted to settle income tax (I-T) disputes under the Mutual Agreement Procedure (MAP) in India. Justice...
Dec 05, 2016
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The oil prices recorded fall on Friday amid confusion over major producers implementing an Opec-Russia deal to cut production. The investors took profits after Brent Crude touched a 16-month high...
Dec 02, 2016
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The government will now act tough against trade-based money laundering. The frequently used methods like issuance of remittances or opening of letter of credit in trade will now be done...
Dec 02, 2016
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Addressing rumours that jewellery would be covered under the amended I-T law, the government has clarified that inherited gold and jewellery as also those items that are bought through disclosed or...
Dec 02, 2016
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In an affidavit filed with the Supreme Court on Thursday, the finance ministry justified its move to pull old high-denomination notes out of circulation, saying that it had not violated the...
Dec 02, 2016
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The Organization of the Petroleum Exporting Countries (Opec) confounded its doubters and sent crude oil prices soaring, on Wednesday, by consenting to its first production cuts in eight years...
Dec 01, 2016
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As India grapples with the post-demonetisation currency crisis, the government wants banks to install another 1 million point-of-sale (PoS) machines in as many as three months to push for . In a bid...
Dec 01, 2016
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India will have up to $77 billion worth commercial properties by 2020 across top seven cities of the country that can be listed as the Real Estate Investment Trusts (REITs), according to a joint...
Dec 01, 2016
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The decline of currency in circulation and the contraction of reserve money after demonetization has made the Indian economy poorer by Rs 5.8 lakh crore.   According to a recent data by Reserve...
Dec 01, 2016
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As the total deposits in Jan Dhan accounts suddenly jumped to Rs 64,252.15 crore between November 10 and 16 post the demonetisation announcement, the Reserve Bank of India (RBI) has decided to impose...
Nov 30, 2016
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Around Rs 7.4 lakh crore of the overall debt of Rs 30.20 lakh crore held by top 500 corporates (at FY16) face the risk of cash flow recovery, which may also eat into shareholders’ returns, according...
Nov 30, 2016
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The Lok Sabha has passed the Taxation Laws (Second Amendment) Bill, 2016, which provides another opportunity for blackmoney holders to come clean by paying tax. The government decided to make changes...
Nov 30, 2016
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As the rupee falls to 68.86 against the dollar on November 24, short-term prospects look a little brighter for exporters. At a time when the external environment poses a key challenge to exporters,...
Nov 30, 2016
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Prime Minister Narendra Modi’s unexpected announcement on demonetisation has baffled many across the country. Chaotic scenes and serpentine queues outside banks and ATMs are a common sight as people...
Nov 29, 2016
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The Reserve Bank of India's (RBI's) surprise move to absorb excess liquidity from the banking system (generated after the November 8 ban) in the form of cash reserve ratio (CRR) has dashed hopes of...
Nov 29, 2016
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The government has issued the draft of first ever national policy on software products. Aimed at increasing Indian software products’ share in global market by 10 fold to estimated $148 billion, the...
Nov 29, 2016
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A Mumbai special court has convicted Harshad Mehta’s brother Sudhir Mehta and five others in the 1992 stock scam, which involved duping of National Housing Bank (NHB) to the tune of over Rs 700...
Nov 29, 2016
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We all have been eagerly waiting to hear him ever since PM Narendra Modi announced the demonetisation drive in “a decisive war against the menace of corruption, black money and terrorism”. He was...
Nov 28, 2016
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Private equity and venture capital investment inflows into the country slumped 30 per cent from a year earlier between January and September 2016, according to a report by Bain & Company. Top...
Nov 28, 2016
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Some of you may continue to be baffled by the Centre’s demonetisation drive and regulations on withdrawals and exchange changing much faster than notes. But if you happen to an under Income...
Nov 28, 2016
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Contrary to its previous statement that it would not look into deposits of demonetised notes up to Rs 2.5 lakh, the government now plans to subject all significant deposits to scrutiny to see if...
Nov 28, 2016
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With deposits in banks hitting Rs 6 lakh crore-mark after Modi’s demonetisation drive, the Reserve Bank of India (RBI) has decided to revive its ‘Guarantee Scheme’ to deal with huge accumulation of...
Nov 25, 2016
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The Union Cabinet is believed to have decided on taxes at the rate of up to 60% on deposits in bank accounts above a threshold during the 50-day window provided for exchange of scrapped Rs 500 and...
Nov 25, 2016
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Business chambers and exporters are scheduled to meet Finance Minister Arun Jaitley on November 26 for pre-Budget consultations. It is expected that business chambers would lay emphasis on early...
Nov 25, 2016
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The government’s decision to ban some high-denomination notes would lead to a decline in India’s economic activity but only till the end of the current financial year. “We definitely hope so and see...
Nov 25, 2016
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Three draft GST related Laws – Model Goods & Service Tax; Integrated Goods and Service Tax (IGST) and Goods & Service Tax (Compensation to the States for loss of Revenue) were discussed at...
Nov 24, 2016
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The Central Board of Direct Taxes (CBDT) entered into four unilateral Advance Pricing Agreements (APAs) pertaining to various sectors of the economy including pharmaceuticals, Information...
Nov 24, 2016
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On Wednesday, the Indian rupee fell 31p to a record nine month low against the US dollar on he foot of capital outflows due to various domestic and global events. The rupee closed at 68.57 a dollar...
Nov 24, 2016
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The Insolvency and Bankruptcy Board of India (IBBI), on Tuesday, notified the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016.    The two sets of...
Nov 24, 2016
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The Government has set a target date of April 1, 2017 for implementation of the Goods and Services Tax (GST). While gearing up to handle collection of taxes as part of the new indirect tax regime,...
Nov 23, 2016
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Pension Fund Regulatory and Development Authority (PFRDA) is exploring the possibility of providing National Pension System (NPS) subscribers with housing finance options. The regulator has set up a...
Nov 23, 2016
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After targeting huge reserves of black money stashed in India, the government now seems to be ready to conduct a surgical strike on Swiss bank accounts as well. India has entered into an agreement...
Nov 23, 2016
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State Bank of India (SBI) is gearing up to increase the number of card-acceptance swipe machines in the country. In line with its objective, the bank is planning to spin off its point of sales (PoS)...
Nov 23, 2016
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PM Modi’s Make in India initiative completed two years in September this year. Launched with an aim to promote the country as an important investment destination, the initiative helped foreign...
Nov 22, 2016
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Well, it’s not just the common man bearing the brunt of the new currency regime. The Centre’s decision to pull Rs 500 and Rs 1,000 currency notes out of circulation is likely to hit the country’s...
Nov 22, 2016
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Narendra Modi government’s first auction of oil and gas blocks has drawn a lukewarm response. Kicked off on May 25, the auction closed on Monday ending up with just134 e-bids for the 34 small fields...
Nov 22, 2016
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A Mumbai-based prominent event management firm has come under the scanner of the income tax (I-T) department. Income tax sleuths conducted raids at around five offices of the firm on Sunday and...
Nov 22, 2016
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With an aim to push greater use of plastic money, the government has requested the Reserve Bank of India (RBI) to ask banks to cut merchant charges on debit cards for now. This move comes in the wake...
Nov 21, 2016
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Finance minister Arun Jaitley's informal meeting with state finance ministers to resolve the pending issue of dual control under the proposed Goods and Services Tax (GST) remained inconclusive on...
Nov 21, 2016
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There are close to 30,000 cash deposit machines (CDMs) currently running in India on co-location with ATM hubs, and all of these need to be reconfigured to start accepting the new high-denomination...
Nov 21, 2016
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First it was demonetisation and now it's Sharia banking. With the recent appointment of Urjit Patel as the RBI Governor, things have apparently started taking a new shape. The Reserve Bank of India (...
Nov 21, 2016
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The Reserve Bank of India (RBI) has expanded investment basket of foreign portfolio investors (FPIs) to include unlisted securities such as non-convertible debentures (NCDs) and bonds issued by...
Nov 18, 2016
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The recent results of the U.S. presidential election has done nothing to change the Federal Reserve's plans to raise U.S. interest rates "relatively soon," Federal Reserve Chairwoman Janet Yellen...
Nov 18, 2016
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As banks continue to get huge pools of deposits following the Centre's demonetization drive, deposit rates have started heading southward. Several banks, including State Bank of India (SBI), ICICI...
Nov 18, 2016
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If you are still awaiting your turn outside a bank or an ATM in your locality to get cash, you might as well visit a petrol pump to make your life easier for the time being. All you need to do is to...
Nov 18, 2016
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In what could provide a breather to foreign investors over the country’s tax laws, India and the US have resolved over 100 tax dispute cases under the bilateral Mutual Agreement Procedure (MAP)....
Nov 18, 2016
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