Finance - general
CBDT gives non-filers 21 days to file I-T return
23 Jan 2019
Govt offers GST sops to small businesses
10 Jan 2019
The Goods and Services Council at its meeting today decided to raise the threshold limit for exemption from registration and payment of GST for supplier of goods to Rs40 lakh while also keeping the Rs20 lakh limit, leaving it to the states to decide
RBI allows one-time restructuring of MSME loans up to Rs25 cr
02 Jan 2019
MSME loans worth up to Rs25 crore in the default but standard category as on 1 January 2019 will be allowed a one-time restructuring, "without an asset classification downgrade" RBI said
Bimal Jalan heads panel on RBI’s economic capital framework
27 Dec 2018
The panel will decide on the appropriate size of reserves to be maintained by RBI as per public policy mandate, including financial stability considerations, to assess the extent of the profits that can be transferred to the government
Relief to common man as GST Council cuts rates on 23 items
24 Dec 2018
The decision will have an overall impact on revenue of Rs5,500 crore, union finance minister Arun Jaitley said after the meeting
GST slab for 99% items to be brought below 18%: PM Modi
19 Dec 2018
This would involve a huge outgo for the government as a reduction in GST on cement alone would translate into an annual revenue loss of about Rs14,000 crore as per official estimates
Govt mulls Rs4,00,000-cr loan waivers to win back rural votes
12 Dec 2018
With elections round the corner, the Narendra Modi-led NDA government has no other option than fall back on the easy option of writing off farmers’ loans
Govt mulls Rs4,00,000-cr loan waivers to win back rural votes
12 Dec 2018
With elections round the corner, the Narendra Modi-led NDA government has no other option than fall back on the easy option of writing off farmers’ loans
Former bureaucrat Shaktikanta Das appointed RBI governor
11 Dec 2018
Das, an experienced bureaucrat who has held key positions both under the ruling BJP as well the previous UPA government, had also worked closely with the central bank and is currently a member of the Finance Commission of India and government’s representative at the G 20 summits
Reserve Bank governor Urjit Patel resigns
10 Dec 2018
While a brief statement from the governor carried on the RBI website said he was stepping down for "personal reasons," the fact that the resignation is the result of developments that indicated the government wanted RBI as its extension is clear to all
India top recipient of remittances with an estimated $80 bn in 2018
10 Dec 2018
The average cost of remitting in South Asia also remained the lowest at 5.4 per cent, while Sub-Saharan Africa continued to have the highest at 9 per cent
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