13 Jul 2019
The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education and IIM-Bangalore (IIM-B) is considered one of the best ones.
01 Oct 2018
On Monday, the Enforcement Directorate attached properties and bank account related to fugitive Nirav Modi worth Rs. 637 crore.
01 Jul 2018
One year ago on this day, the country's tax regime underwent a drastic overhaul with the launch of the never-seen-before-in-India Goods and Services Tax (GST).
14 May 2018
After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise/liter and diesel by 21 paise/liter as PSU oil firms began passing on the international rates spike to consumers.
05 May 2018
The GST Council took some major decisions in its 27th meeting yesterday. The most important is the introduction of monthly returns filing for most taxpayers, a move that will greatly simplify the current three-step process.
07 Feb 2018
Start-ups founded before 2016 may finally get an exemption from the much-talked-about Angel Tax, giving them a much-needed relief, reported ET.
06 Feb 2018
The BSE's benchmark Sensex crashed below the 34,000-mark, plunging 1,271 points to 33,482.81 while NSE's Nifty50 sank below the 10,300-mark, slumping 390 points to 10,276.
21 Jan 2018
Finance Minister Arun Jaitley has officially kicked off the Union Budget 2018-19 process by performing the traditional pre-Budget "Halwa Ceremony" ahead of the Budget presentation on 1 February. This marked the inauguration of formal printing of all Budget-related documents.
11 Nov 2017
In the 23rd GST Council Meeting convened at Guwahati, Finance Minister Arun Jaitley-led panel made several changes to ease the taxpayers' pain.
22 Oct 2017
Revenue Secretary Hasmukh Adhia said GST rates need a complete overhaul, given that the new regime is firmly implemented.
21 Oct 2017
Traders have found loopholes to evade taxes under GST. Officials believe high levy on daily use items is contributing to the problem.
09 Oct 2017
In the last GST meeting, the Centre revoked the order that it had issued on August 23, where it had notified jewelry dealers that they were required to report on buyers, who make purchases beyond a certain limit.
09 Sep 2017
Despite mass complaints by traders about server issues in the GST Network which had delayed their returns filing, the Finance Ministry has refused to extend the deadline of September 20.
09 Sep 2017
Traders said they were unable to file returns due to GST Network (GSTN) server issues. It's not the first time that the taxpayers have voiced this grievance.
12 Jul 2017
The Finance Ministry on Tuesday issued a clarification stating that free food offered at 'anna kshetras' was exempt from GST.
03 Jul 2017
GST is the biggest tax reform in India's history, and businesses across all sectors will take some time to get used to it. False rumors and speculations during transition can be catastrophic.
01 Jul 2017
Following the midnight launch of GST, PM Narendra Modi addressed the country's Chartered Accountants.
13 Jun 2017
Previously, banks had urged the NDA government to consider their proposal to have a centralized registration system under the GST regime, as multiple registrations could lead to procedural hiccups resulting in compliance problems.
26 May 2017
Three youths, including two minors, gang-raped a 14-year-old girl in Bengaluru's north division.
21 May 2017
GST bill nuances have been finally etched and July 1 marks a new chapter in India's economy.
19 May 2017
The GST Council has decided that health and education would be kept out of the new regime.
19 May 2017
GST council has agreed on the majority of the goods and services tax rates, which the NDA administration proposes to roll out from July 1.
08 May 2017
The Central Bureau of Investigation (CBI), in its ongoing three-year long investigation into black money, uncovered evidence of a clandestine web of 339 shell companies used to channel funds up to Rs. 290 crore.
01 May 2017
While the FinMin keeps on harping about the need to curb black money and prevent methods of offshore money laundering, there seems to be more trouble brewing at home.
13 Apr 2017
Services sector under the Goods and Services regime is likely to attract a higher tax rate of 18% making services slightly expensive, said Revenue Secretary Hasmukh Adhia.
13 Apr 2017
President Pranab Mukherjee has cleared the Goods and Services Tax bill and four supporting legislations related to it.
28 Mar 2017
Gearing up to roll out Goods and Services Tax (GST) on July 1st, Finance Minister Arun Jaitley introduced four bills backing GST implementation on Monday.
07 Feb 2017
Finance Minister Arun Jaitley was closely assisted by a team of seven top officials in drafting the Budget for 2017-18.
13 Dec 2016
While the demonetization move takes its toll in the nation, reports stated that the Prime Minister's closely guarded secret was entrusted to a trusted official in the finance ministry, Hasmukh Adhia.
24 Nov 2016
With the exchange period of bank notes coming to an end, the same can be deposited in banks till 30th December 2016.
24 Nov 2016
People can deposit the now invalid Rs.500 and Rs.1000 denomination currency notes in their Post Office savings accounts, the Finance Ministry said on Wednesday.
22 Nov 2016
Data from the RBI has revealed that the government has only managed to replace around 10% (Rs.1,36,000 crore) of the cash that was made illegal overnight on 8 November.
22 Nov 2016
Approximately Rs.1.15 crore of defunct Rs.500 and Rs.1,000 notes were found missing from the Odisha Gramya Bank's branch in Dhenkanal.
21 Nov 2016
The RBI has put a substantial portion of the 16,368 million pieces of soiled notes of lower denominations, back into circulation.
20 Nov 2016
Sources revealed that the Income Tax department is monitoring bank deposits and is in the process of flagging abnormally large transactions.
17 Nov 2016
In Assam, due to a shortfall of Indian currency, Bhutanese currency is being used as legal tender.
15 Nov 2016
Defence Minister Manohar Parrikar stated that incidents of stone pelting in Jammu and Kashmir have ceased after the demonetization move, insinuating that funds of paying off stone-pelters have been curbed.
15 Nov 2016
Thousands of people lined up outside banks and ATMs today, as yesterday's bank holiday left citizens stranded without cash; people were disgruntled over banks being shut at a time when cash availability was at a low.
14 Nov 2016
The government has extended the deadline for exemption for old Rs.1000, Rs.500 notes to 24 November.
13 Nov 2016
As the confusion over the government's demonetization scheme increased, banks faced the people's ire as they were unable to cope with the large queues.