RBI keeps status quo on repo rate at 6.25%
TIA NEWS The Reserve Bank left its benchmark lending rate, Repo rate, unchanged at 6.25% for the fourth monetary policy review in a row today citing upside risk to inflation.…
AITAF urges Center to delay implementation of GST
By Aditya Raj Das NEW DELHI: The All India Tax Advocates Form (AITAF) has urged the Finance Minister Arun Jaitley to delay the implementation of the Goods and Service Tax…
Rs 2,000 and Rs 500 notes to get new security marks
Our Correspondent In a bid to check counterfeiting, the Government of India is contemplating with idea of changing security features of of higher denomination notes of Rs 2,000 and Rs…
Global Crude price of Indian Basket was $ 51.28/bbl on March 31
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 51.28 per…
Tax evasion Rs 5 crore will be non-bailable offence under new GST regime
TIA NEWS Tax evasion of over five crore rupees under the Goods and Services Tax (GST) regime would be non-bailable offence with the police having the authority to make an…
Japan commits 371 bn yen assistance for infra projects in India
TIA NEWS Japan has committed an “official development assistance” (ODA) of 371.345 billion yen (about Rs 21,590 crore) under 2016-2017 for various infrastructure projects, including the dedicated freight corridor, in…
RBI to set up separate Enforcement department
RBI will set up a separate enforcement department to oversee possible breaches of rules and take punitive actions against those who violate them. This was stated by Minister of State…
CCEA approves Amendment to New Urea Policy-2015
AMN / New Delhi The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi Friday gave its approval for the amendment in the New Urea Policy. According to…
Centre approves transfer of land of HMT Watches Limited
AMN The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the following proposals of Department of Heavy Industry: i. Transfer of HMT Watches Ltd,…
Government notifies simplified ITR forms for tax payers
Government today notified a new simplified Income-Tax Return Forms, ITR Forms, for individuals for the Assessment Year 2017-18. The Central Board of Direct Taxes, CBDT, in a release said, one…