Finance - general
RBI keeps policy rates unchanged amidst a spike in inflation
07 Feb 2018
The Monetary Policy Committee of the central bank today decided to keep the repo rate unchanged at 6 per cent and the reserve repo rate at 5.75 per cent, while holding the Bank Rate at 6.25 per cent, citing inflationary pressures
Bitcoin trade faces sudden death in India as top banks suspend accounts
05 Feb 2018
Some of India’s lenders, including State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank, have suspended accounts of some major Bitcoin exchanges, amid signs that the regulators may completely ban the virtual currency in the country
Bitcoin dreams fade for Indians amidst govt crackdown
20 Jan 2018
Top banks, including SBI, Axis Bank and ICICI Bank have suspend some accounts of major Bitcoin exchanges following income tax notice to thousands of people dealing in the virtual currency
India to launch $350-mn fund for solar projects
19 Jan 2018
GST Council recommends changes in services GST
19 Jan 2018
The GST Council chaired by finance minister Arun Jaitley on Thursday recommended several relief measures regarding GST rates on goods and services covering several sectors and commodities
GST Council meeting may try to douse the fuel price fire
17 Jan 2018
The BJP-led government has cut excise duty only once during its tenure-but raised it nine times between November 2014 and January 2016, and there is a case for lowering the central levy before states reduce the VAT on fuels
I-T Dept warns against `Benami’ deals
11 Jan 2018
MAT provisions relaxed for insolvent companies
08 Jan 2018
Govt’s fiscal deficit overshoots estimate by 12% to Rs6,12,000 cr
30 Dec 2017
With proposed additional borrowing of Rs50,000 crore for the current fiscal the centre’s fiscal deficit is likely to hit Rs6,62,000 crore or 3.88 per cent of GDP for FY18
GST Council eyes real estate, electricity, and petroleum to boost revenues
15 Dec 2017
With Rs39,000-crore shortfall in states’ revenues in the four months since the roll-out of the new indirect tax regime, the GST Council is looking to expand the GST base by including real estate, electricity and petroleum products under GST
Jaitley says priority is strengthening banks’ capacity to lend
15 Dec 2017
The imperative need now is to complete the task of strengthening the banks through capitalisation to enable them to lend to the MSME sector and trade that is now moving into the formal economy, union minister of finance and corporate affairs Arun Jaitley said