Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Saturday, March 06, 2021

money

For every rupee in govt kitty, 68 paise come from taxes

For every rupee in the government coffer, 68 paise will come from direct and indirect taxes while states' share of taxes and duties is the single-lar...

RTI propagation funds slashed by about 38%

Funds for propagation of the right to information have been slashed by over 38 per cent in the Union Budget 2019-20 as compared to last fiscal's allo...

Banks see 73% spike in frauds in in FY19

Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said on Thursda...

Govt considering giving more powers to RBI to regulate NBFCs

The government is considering strengthening the Reserve Bank's regulatory and supervisory powers over the non-banking finance companies (NBFCs), Fina...

GST collections dip below Rs 1 lakh cr-mark in June

In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs 99,939 crore, down from over Rs 1 lakh cro...

At USD 426.4 bn, forex kitty scales new life-time high

India's foreign exchange reserves soared to a new record high of USD 426.416 billion in the week to June 21, surging a whopping USD 4.215 billion boo...

RBI says all coins must be accepted as legal tender

The Reserve Bank of India (RBI) asked the public, casting aside their doubts, to continue accepting coins of various denominations pumped into circul...

Finance panel stresses on dialogue with GST council

Finance Commission Chairman N.K Singh on Tuesday stressed the need for a dialogue between the commission and Goods and Services Tax (GST) council to ...

Indian companies optimistic about their growth prospects: HSBC

Indian businesses have the second most optimistic outlook after Indonesia, as almost nine in ten (89 per cent) Indian firms expect to grow over the n...

Govt, RBI closely monitoring rupee exchange rate: Minister

The government and the Reserve Bank of India (RBI) are closely monitoring the rupee exchange rate against the dollar on an on-going basis, Finance Mi...

Forex reserves decline by USD 1.3 bn to USD 422.2 bn

India's foreign exchange reserves declined by USD 1.358 billion to USD 422.2 billion in the week to June 14 due to fall in foreign currency assets, R...

Efforts to further simplify GST to continue

The government will continue to take steps for further simplification of the Goods and Services Tax (GST), President Ram Nath Kovind said on Thursday...

Revenue will be billions below forecast, says Huawei founder

Huawei's founder likened his company to a badly damaged plane on Monday and said revenues will be USD 30 billion less than forecast over the next two...

Forex reserves nearing lifetime high

Inching closer to its historic peak, India's forex kitty increased by USD 1.686 billion to USD 423.554 billion for the week to June 7, RBI data showe...

India ad spend likely to be Rs 697 billion in 2019: Report

Advertising spend in India is likely to rise by 11.4 per cent to Rs 697 billion in 2019, driven by key events such as the ongoing cricket world cup a...

Fund transfers via RTGS, NEFT to cost less from Jul 1: RBI

The Reserve Bank of India said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass o...

Bring down corporate tax to 18% sans exemptions: CII

Industry body CII has made a case for bringing down the corporate tax rate to 18 per cent along with elimination of all exemptions saying it will not...

Need a relook at tax on hybrid vehicles in India: Toyota

Hybrid vehicle sales in India are restricted by high taxation and unless it is reduced, volumes of such cars will remain low, a top official of Toyot...

UN's financial crisis real, we need a solution that works: India

India, which is owed USD 38 million by the United Nations for peacekeeping operations, has called for a comprehensive solution to address the 'real' ...

Rising growth concerns prompted third rate cut: RBI governor

The third successive rate cut of 0.25 percent is a 'decisive and timely' move to address the rising growth concerns, and a rate hike is off the table...