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Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists

It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen

Delhi HC issues notice to govt over google tax on MasterCard's subsidiary

The issue: if the Asia Pacific arm does not have permanent establishment in India, it must pay 2% equalisation levy, but if it does then it will pay the normal tax

Centre releases Rs 6,000 cr in revenue deficit grant to 14 states

The amount released would provide additional resources to states during the coronavirus crisis

Industry wants open and facilitative import environment to boost exports

The CII asks for policies to increase the country's share in the global merchandise trade by 2025 to 5 per cent from 1.7 per cent and in services export to 7 per cent from 3.5 per ent.

CII wants end to inverted duty structure to make India an exporting nation

Industry body has asked for policies to hike country's share in global merchandise trade to 5% and services export to 7% by 2025

Isher Judge Ahluwalia resigns as ICRIER chairperson after 15-year stint

Cites health reasons for decision; Pramod Bhasin will be new chairman

Cross-border tax disputes: ITAT orders to overrule MAP outcomes, says CBDT

Direct tax board issues detailed guidance on mutual agreement procedure, or MAP

Former Niti Aayog VC Arvind Panagariya slams India's move to raise tariffs

Favours India's stimulus strategy, criticises NEP focus on spending more at school level without correcting teaching structures

Happy at RBI's decision to bring start-ups under priority sector: FM

Sitharaman says govt will soon be coming with taxpayers charter of rights which was announced in the Budget

Covid-19 impact: Inflation may remain high for a few months, say economists

Local lockdowns, taxes on fuels, services, hardening commodity prices may drive up inflation: Economists

Rules amended for faster resolution of MNCs' tax disputes under MAP

The move will help in speedy settlement of cases of multinational corporations which have opted for the alternative dispute resolution process

Former J&K L-G G C Murmu appointed CAG, to replace Rajiv Mehrishi

Murmu will replace Rajiv Mehrishi. His appointment will come into effect on the day he assumes charge of the office, said a government notification

Hardayal Prasad named MD & CEO of PNB Housing, takes charge on Monday

A banker with experience in international operations and credit card, he replaces incumbent Neeraj Vyas

Recovery signs are visible, remove uncertainties over mini lockdowns: CII

Industry body wants containment zones limited to micro areas for seamless functioning of supply chains across state and district boundaries

25-30 million lost jobs in MSMEs during March-June, says survey

Another 10-15 million jobs may be lost by the end of August

Centre releases Rs 1.65 trillion as GST compensation to states for FY20

Cess collection was at Rs 95,444 crore, surplus fund of previous years and unallocated IGST fund used

Covid-19 crisis: Revival in rural demand overstated, say economists

A recent note brought out by Credit Suisse says that net gain from the government support measures may be just Rs 7,500 crore a month

Fraudulent IGST refunds: Exporters to face stern action, say reports

Exporters are identified as 'risky' on the basis of specific risk indicators based on customs, GST, income tax and data from the Directorate General of Foreign Trade

Iron, steel sold to China arrest plunge in engineering exports in June

Shipments to China rose by over 1,400 per cent to $524 mn in June from just $35 mn in the same month last year

Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed