Business

IT Dept proposes voluntary reporting of estimated current Income, adva...

September 20, 2017

Income Tax Department has proposed a mechanism for self-reporting of estimates of current income, tax payments and advance tax liability by certain taxpayers on voluntary compliance basis. It is bein...

Adhia-led panel holds discussions on exporters’ issues post GST

September 20, 2017

The GST Committee on Exports deliberated on the issues faced by the industry under the new Indirect Tax regime in its meeting held in New Delhi on Tuesday. Revenue Secretary Dr Hasmukh Adhia headed p...

50% of train tickets purchased in cash in India: Study

September 20, 2017

Fifty per cent of train tickets in the country are still purchased in cash, thanks to the dependence on neighbourhood ticketing agents, said a study. RailYatri, a web-based firm that provides various...

FM launches Google’s UPI-based digital payment service Tez

September 19, 2017

Finance Minister Arun Jaitley launched Google’s Unified Payments Interface, UPI-based digital payment service Tez in New Delhi. Speaking on the occasion, Mr Jaitley said, Google team saw a great pote...

Hasmukh Adhia-headed panel to meet export promotion associations on ex...

September 19, 2017

Revenue Secretary Hasmukh Adhia- headed panel will meet export promotion associations in New Delhi today to deliberate on the issues faced by the industry under the Goods and Services Tax, GST. The G...

AAI to take up development works at 4 airports

September 19, 2017

Airport Authority of India (AAI) will undertake new development works at Lucknow, Deoghar, Rajkot and Allahabad airports to improve the infrastructure to meet growing traffic demands.  The AAI plans ...

Govt saved Rs 65,000 cr through DBT: Javadekar

September 18, 2017

Human Resource Minister Prakash Javadekar has said that the government has saved 65 thousand crore rupees through Direct Benefit Transfer (DBT) in various public schemes. Speaking at a function in Mu...

GSTN reopens window for composition scheme

September 18, 2017

The GST Network said it has reopened the facility for small taxpayers with turnover of upto 75 lakh rupees to opt for composition scheme. Such small taxpayers will have time till September 30 to opt ...

Govt committed to labour reforms: Santosh Gangwar

September 18, 2017

Labour and Employment Minister Santosh Gangwar said government is committed to labour reforms and simplification in the related laws to safeguard workers’ interest. Listing a slew of steps to p...

Current account deficit increases to 2.4% of GDP in first quarter: RBI...

September 17, 2017

Current account deficit (CAD) of the first quarter of this fiscal widened to 2 point 4 per cent of gross domestic product, or 14.3 billion dollars, as imports pushed the trade deficit. It was 0.1 per...