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 »

Promoting MSMEs in developing countries will positively impact jobs, income, says Piyush Goyal

India on Sunday insisted on promoting micro, small and medium enterprises (MSMEs) in developing countries as they are important for employment and income generation. This was emphasised by commerce... Read more »

PM Modi to meet world leaders in Japan for G20 Summit

Prime Minister Narendra Modi on Thursday has arrived in Japan for the G20 Summit during which he will engage in plurilateral talks and meet with the world leaders including... Read more »

Commerce Minister Piyush Goyal warns Amazon, Flipkart about providing steep discounts

Government has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must comply with new foreign investment rules aimed at preventing from providing steep online discounts,... Read more »

Embrace fair and reciprocal trade, lower barrier, says US to India

The Trump Administration has asked the Prime Minister Narendra Modi to lower trade barriers and embrace fair and reciprocal trade, the United States said hours after Secretary of State... Read more »

RBI starts CMS software for filing online complaints against banks, NBFCs

The Reserve Bank of India Monday has started an application on its website for filing complaints against banks and NBFCs with a view to improve customer experience in timely... Read more »

Indians have hoarded $216-490 billion black money abroad, claim studies

Unaccounted wealth stored abroad by Indians is estimated to be in the range of $216.48 billion to $490 billion between 1980 and 2010, the Standing Committee on Finance said... Read more »