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Economy

Costs of global banking norms, Subbarao says Basel III worth the price

Costs of global banking norms, Subbarao says…

New Delhi, Aug 9 (KNN)  Amidst concerns that following the international banking norms, Basel III, could  raise the cost of…
India and Morocco sign double taxation avoidance pact

India and Morocco sign double taxation avoidance…

New Delhi, Aug 9 (KNN)  India signed a protocol amending the India - Morocco Double Taxation Avoidance Convention (DTAC)  to promote effective exchange…
CCI imposes penalty of Rs 6.25 crore on 11 shoe firms

CCI imposes penalty of Rs 6.25 crore…

New Delhi, Aug 8 (KNN) The Competition Commission of India (CCI) has imposed a penalty of Rs 6.25 crore on 11 shoe companies on charges of rigging  in…
RBI asks rural banks to open new centres

RBI asks rural banks to open new…

Mumbai, Aug 8 (KNN) In order to speed up branch expansion in unbanked rural centres the Reserve bank of India (RBI) has asked all regional rural banks to prioritise…
Govt seeks to promote women entrepreneurs with all-women bank

Govt seeks to promote women entrepreneurs with…

New Delhi, Aug 8 (KNN)  The Finance Ministry’s plan to set up an all women bank is likely to materialise this October and will be headed by Executive…
Over 10.23 mn taxpayers file IT returns online till Aug 5; collections up by 13.27% this financial year

Over 10.23 mn taxpayers file IT returns…

New Delhi, Aug 7 (KNN)  More than 10.23 million taxpayers filed their income tax returns online this fiscal till August 5 which is a 68 per…
Raghuram Rajan is new RBI Governor

Raghuram Rajan is new RBI Governor

New Delhi, Aug 6 (KNN) Raghuram Rajan has been appointed as next Governor of the Reserve Bank of India for a period of three years. 

The…
BHEL downhill journey worries SME vendors

BHEL downhill journey worries SME vendors

New Delhi, Aug 6 (KNN)  Poor financial performance of the power equipment major BHEL and the shrinking order-book would  be leaving a bruising effect…
I-T dept warns tax defaulters of prosecution if TDS not paid

I-T dept warns tax defaulters of prosecution…

New Delhi, Aug 6 (KNN) The Income tax department has warned tax defaulters, who fail to deposit tax deducted at source (TDS) of prosecution, even leading to…
Negative trade balance with 80 countries; SMEs hit

Negative trade balance with 80 countries; SMEs…

NEW DELHI, Aug 5 (KNN) Be it China, Japan or Indonesia, India runs a trade deficit with not only them but 77 more countries, Parliament was informed today.