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Economy

CBDT extends due date for TDS/TCS deposits till Dec-20 for TN

CBDT extends due date for TDS/TCS deposits…

New Delhi, Dec 7 (KNN) Owing to heavy rainfall and massive flooding in Chennai and a large part of Tamil Nadu the Central Board of Direct Taxes (CBDT)…
Industry body welcomes CEA-led committee's suggestions on GST rate

Industry body welcomes CEA-led committee's suggestions on…

New Delhi, Dec 7 (KNN)  Apex industry body ASSOCHAM has welcomed the report of Chief Economic Advisor (CEA) led panel recommending standard GST rate of…
Govt to impose GST on alcohol products, tobacco

Govt to impose GST on alcohol products,…

New Delhi, Dec 5 (KNN) The Government has proposed to impose Goods and Service Tax (GST) on alcohol products except alcoholic liquor for human consumption,…
Gold Monetization Scheme is voluntary, says government

Gold Monetization Scheme is voluntary, says government

New Delhi, Dec 5 (KNN)  Against the backdrop of certain media reports which said that the government will directly intervene to monetize the gold held…
EPFO launches simple forms for settling claims based on UAN

EPFO launches simple forms for settling claims…

New Delhi, Dec 3 (KNN)  Employees’ Provident Fund Organisation (EPFO) has launched simplified brief forms for settling claims based on UAN. …
RBI Governor says base rate should not come in the way of banks offering lower lending rates

RBI Governor says base rate should not…

New Delhi, Dec 3 (KNN)  Addressing a teleconference  after the bi-monthly policy announcement on December-1, RBI Governor Raghuram Rajan stressed…
First tranche of Sovereign Gold Bonds 2015-16 receives good response: RBI

First tranche of Sovereign Gold Bonds 2015-16…

Mumbai, Dec 2 (KNN)  The first tranche of the Sovereign Gold Bond (SGB) which was open for subscription from November 5, 2015 to November 20, 2015 has…
India's factory activity hits 25-month low at 50.3 in November

India's factory activity hits 25-month low at…

New Delhi, Dec 1 (KNN) India’s factory output fell for the fourth consecutive survey period and hit a 25-month low in November at 50.3 The reading was…
No rates cuts; RBI keeps key rates unchanged

No rates cuts; RBI keeps key rates…

Mumbai, Dec 1 (KNN) After slashing the key rates by 50 basis points in the previous monetary policy review in September, the Reserve Bank today decided to…
Fin Min expects economy to grow in the vicinity of 7.5% in FY 2015-16

Fin Min expects economy to grow in…

New Delhi, Dec 1 (KNN) The Finance Ministry is expecting the economy to grow in the vicinity of 7.5% during the current Financial Year 2015-16 and also observed…