No official estimation of black money in circulation, Jaitely
AMN / NEW DELHI The government today said there is no official estimation of the quantum of black money in circulation in the country and the amount stashed outside the…
Lok Sabha passes Insolvency and Bankruptcy Code Amendment Bill
AMN / NEW DELHI The Lok Sabha today passed the Insolvency and Bankruptcy Code (Amendment) Bill -2017 with a voice vote. The bill prohibits certain persons from submitting a resolution…
What Does 2018 Hold For Stocks After Sensex Rallies 30 Pct This Year
By S Bhatnagar, Market Strategist Markets are likely to post modest-to-flat returns next year as investors digest a stunning 30 percent rally on the Sensex that came in despite the…
Lok Sabha passes GST (Compensation to States) Amendment Bill- 2017
Our Correspondent / NEW DELHI The Lok Sabha on Wednesday passed the Goods and Services Tax (Compensation to States) Amendment Bill- 2017 amid uproar by the opposition Congress and TMC.…
IBA data: Rising NPAs in education loan add to banks stress
Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March-end, 2017 from 5.7 per cent…
Govt directs NGOs to open account in any of 32 designated banks
Home Ministry has directed all NGOs, business entities and individuals who receive funds from abroad to open accounts in any of the 32 designated banks, within a month for higher…
Govt empowers taxman to get defaulters address for sending notices
NEW DELHI The government has amended rules and empowered the taxman to use banking, insurance and municipal corporation’s database to obtain address of a hiding or an untraceable income tax…
Govt extends deadline for stickers reflecting new MRP after GST
AMN The government has allowed companies till March next year to paste price stickers on unsold packaged products to reflect new MRP post GST. This was stated by Food and…
Govt dismisses rumours about closing down of banks
AMN / NEW DELHI Government has dismissed rumours about closing down of public sector banks. The government has said, there is no question of closure of any public sector bank.…
India—all set to emerge as fastest growing economy
By ADITYA RAJ DAS India is set to emerge as the fastest growing economy once again. The United Nations has recently put out a report, saying, India’s economy is expected…