Even as the Centre has introduced stringent rules regarding cattle slaughter, it was business as usual for beef sellers across Kerala on Saturday, with people queuing up to buy one of their favourite food items. Chief Minister Pinarayi Vijayan wrote to Prime Minister Narendra Modi, asking for repeal of the new rules, which he termed an "intrusion into the rights of states".
Union Finance Minister Arun Jaitley on Saturday said that poor performance by private investors and banks still remains a challenge for the Indian economy.
"Despite Foreign Direct Investment (FDI) coming to India in large numbers, things are not working forcefully -- investment in domestic industry is not satisfactory level. The condition is related to banks," Jaitley t
Himachal Pradesh in a special assembly session on Saturday unanimously approved the state Goods and Services Tax (GST) Bill.
Chief Minister Virbhadra Singh, who also holds a finance portfolio, moved the bill which was supported by the main opposition party - the Bharatiya Janata Party.
The bill was passed on the second day of the house after an hour-long discussion. The hous
New Delhi ICICI Bank CEO Chanda Kochhar's total remuneration went up 64 per cent to Rs 7.85 crore in 2016-17 against Rs 4.80 crore the previous year, owing majorly to a 15 per cent increase in basic salary and Rs 2.20 crore performance bonus.
The country's largest private sector lender in its annual report 2016-17 showed Kochhar received Rs 2.67 crore as
External commercial borrowings by Indian companies in April more than trebled to USD 1.30 billion, a sizable portion of which was taken to start new projects. The ECBs were at USD 304.57 million in April last year.
The borrowings in April this year included USD 1.27 billion through the automatic route and USD 39.26 million from approval route, showed data from Reserve Bank. Besides, t
Trustees of retirement fund body EPFO may approve a proposal tomorrow to reduce the mandatory contributions toward social security schemes run by it to 10 per cent for workers as well as employers. Presently, employees and employers contribute 12 per cent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme
In response to clarification sought on furnishing Statement of Financial Transaction (SFT) & SFT, the ministry of finance on Friday said Section 285BA of the Income-tax Act, 1961 requires furnishing of a Statement of Financial Transaction (SFT) for transactions prescribed under Rule 114E of the Income-tax Rules, 1962.
The due date for filing such SFT in Form 61A is 31st May 2017.
The ministry of finance on Friday said that subscribers base under the Atal Pension Yojana (APY) has reached about 53 Lakhs. At present 235 Banks and Department of Post are involved with the implementation of the scheme.
Besides the branches of the banks and CBS-enabled offices of India Post, quite a few banks are sourcing subscribers through their internet banking portals in a paperl