Government policy to ensure companies conduct water audit: Report

The government plans to create a policy to gauge the per-unit consumption of water for which companies soon have to do a water audit, according to a  report by Business... Read more »

GST collection drops below Rs 1 lakh crore in June for the first time in FY20

The GST collection dropped below the Rs 1-lakh-crore mark in the month of June 2019. The total revenue collection under the indirect tax regime for past month totaled to... Read more »

Economic activity and freight rates slows down growth in domestic freight sector: ICRA

With industrial output and consumption-driven sectors experiencing a slump during H2 FY2019, the freight demand in the country also withdrew in the last quarter of the previous fiscal. “Our... Read more »

EPFO, labour ministry could retain 8.65% interest rate for FY19, says report

The Employees Provident Fund Organisation (EPFO) and the Union labour ministry will retail the interest rate of 8.65 percent in spite the finance ministry’s concern that the rate is... Read more »

India’s manufacturing sector growth regulates in June with softer rise in orders: PMI

The Indian manufacturing sector growth moderated in June, largely owing to softer increase in new work intakes, which in turn translated into slower rises in output and employment, a... Read more »

Fund transfer via RTGS, NEFT to cost less as RBI waves off charges

Fund transfer systems RTGS and NEFT is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions.... Read more »

Govt to make further reforms in GST on July 1 to celebrate two years of rollout

As GST implementation completes two years, the finance ministry will on July 1 come up with further reforms in the indirect tax system with introduction of new return system,... Read more »

Spectrum auctions in India likely to start from next month, says Moody’s

The proposed spectrum auctions in India, also includes radio waves for 5G technology, and are likely to be held only in the second half of 2020 or later, given... Read more »

Finance ministry to launch financial sector ETF, invites bid from advisors

The government seeks to launch an exchange-traded fund (ETF) consisting of stocks of PSU banks, insurers, and financial institutions this fiscal and has invited bids from advisors to explore... Read more »

NPAs could drop to 9% by March 2020: RBI in financial stability report

The country’s financial system is stable amid setbacks with NPA cycle and the sharp reduction in the ratio of dud assets to 9.3 percent, the Reserve Bank of India... Read more »