- 09 Dec 1601:15 AMA committee of chief ministers (CM), bankers and technocrats, headed by Andhra Pradesh CM N Chandrababu Naidu, met Reserve Bank of India (RBI) Governor Urjit Patel and other deputy governors on Thursday to discuss how to implement the digital push at
- 08 Dec 1604:16 PMConfident of the rollout of Goods and Services Tax from April 1, 2017, despite a logjam in the Council on the issue of dual control, the Central Board of Excise and Customs (CBEC) on Thursday said it has started the exercise of putting the goods in the01:22 PMBanks may make it mandatory for customers to mention the recipient's Aadhar details while carrying out cheque transactions, reported the Deccan Chronicle on Thursday.10:13 AM.In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7Like most08:42 AMAn image of RBI headquarters in Mumbai (Photo: Kamlesh Pednekar)Ruling out any immediate bounty from demonetisation, the Reserve Bank of India (RBI) said on Wednesday that the old notes carry a liability as long as only their legal tender character is07:54 AMThe Centre has sought parliamentary approval for nearly Rs 60,000 crore in additional spending, primarily for rural employment, urban development, farm insurance and infrastructure.07:46 AMOpposition parties will again hold a protest against demonetisation inside the Parliament complex on Thursday, indicating the chances of passing some key Bills, including those related to the goods and services tax (GST), were bleak.07:42 AMEconomic growth in the third quarter of the current financial year (2016-17) — and the fourth quarter, to a lesser extent — would be impacted by demonetisation, according to National Institution for Transforming India (NITI) Aayog07:22 AMState Bank of India Chairman Arundhati Bhattacharya on Wednesday asked that the Reserve Bank of India (RBI) seek a parliamentary nod to pay interest on the incremental cash reserve ratio (CRR) for the fortnight in which all lenders were asked to park07:07 AMThe Reserve Bank of India believes though the total bad loans in the system have swollen, the pace of the incremental addition has come down. This reflects well for the sector, as it indicates the worst is behind us.
- 07 Dec 1609:50 PMStating that government has no plans to bring farm income under the tax ambit, Income Tax department is being tasked with verifying the genuineness of income over Rs 1 crore for assessment years from 2007-08 to 2015-16. "The Income Tax Department03:26 PMRBI has withdrawn, effective December 10, the incremental cash reserve ratio (CRR) of 100 percent imposed on deposits between September 16 and November 11. Here is the full text from RBI document:On November 26, 2016 the Reserve Bank had02:36 PMThe six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday unanimously decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty&" of02:35 PMThe six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty&" of02:15 PM"The Opposition disrupts proceedings for one reason or the other. I challenge them to begin the debate if they have courage," Jaitley said in the Rajya Sabha.01:59 PMGovernment on Wednesday sought the approval of the Lok Sabha for gross additional expenditure of Rs 59,978.29 crore as part of the second batch of supplementary demands for grants for the current financial year.10:40 AMUnion Finance Minister Arun Jaitley’s Income Declaration Scheme (IDS) 2016 will collect a little over Rs 30,000 crore in taxes, whereas former finance minister P Chidambaram’s Voluntary Disclosure of Income Scheme (VDIS) in 1997-98 garnered10:12 AM.With daily transactions remaining affected by the cash crunch following demonetisation of high-value currency, diplomatic offices in New Delhi are finding it increasingly difficult to do business-as-ususal.01:48 AMAhead of the monetary policy announcement by the Reserve Bank of India (RBI), Fitch Ratings on Tuesday said there is scope for monetary easing in India, as retail inflation is holding below the target of five per cent.
- 06 Dec 1603:12 PMIndia is targeting $100 billion worth investments in natural gas sector by 2022. This includes investments in gas infrastructure including an addition of another 228 cities to city gas distribution (CGD) network.