A N Jha appointed as new Finance Secretary
AMN / NEW DELHI Senior IAS officer Ajay Narayan Jha has been appointed as new Finance Secretary in the government. He was currently serving as Secretary, Expenditure. Prime Minister Modi-led…
94% of GST refund claims settled: Govt
AMN / New Delhi Nearly 94 per cent of the total GST refund claims of Rs 97,202 crore has been settled by the Central Board of Indirect Taxes and Customs…
India’s factory output rises to 11-month high
AGENCIES / Mumbai India’s manufacturing sector activity improved in November and touched an 11-month high as new order flows encouraged companies to lift production amid strong demand conditions, a monthly…
Jaitley calls for dismantling trade barriers for faster economic growth
AMN / NEW DELHI Finance Minister Arun Jaitley today said the global economy needs to cut down trade barriers. He was addressing the 80th Session of the Policy Commission of…
Qatar to leave OPEC, to increase gas production
AMN / Doha Qatar today announced that it would withdraw from the Organization of Petroleum Exporting Countries (OPEC) on January 1, 2019 after nearly 60 years of membership in order…
US-China to continue negotiations to resolve trade disputes
AMN/Buenos Aires The US President Donald Trump and his Chinese counterpart Xi Jinping, have agreed not to impose new tariffs from January 1, 2019, and pledged to continue negotiations to…
UIDAI asks banks not to discontinue Aadhaar Enabled Payment System
WEB DESK The Unique Identification Authority of India (UIDAI) has asked banks not to discontinue the Aadhaar Enabled Payment System as it may obstruct delivery of welfare benefits. The clarification…
India’s economy grows at 7.1 per cent for 2nd part of 2018-19
WEB DESK India’s economy grew at 7.1 per cent for the second quarter of 2018-19 according to data released by Central Statistics Office today. These estimates represent a sizable jump…
Govt taking steps to promote startup ecosystem: Prabhu
AMN / New Delhi Union Commerce and Industry Minister Suresh Prabhu Thursday said that the government was taking several steps, such as reducing regulatory burden and ensuring availability of adequate…
Be ready to pay GST on credit cards, ATM, cheque books
WEB DESK Soon, banks may pass the cost of goods and services tax (GST) on ‘free services’ to customers who maintain a minimum balance in their accounts. Reeling under a…