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Economy

Increased Service Tax Rate of 14% to be effective from June 1

Increased Service Tax Rate of 14% to…

New Delhi, May 20 (KNN) Effective from June 1, the rate of service tax will be increased to 14 per cent from the existing 12 per cent.

 In…
CPI for agriculture and rural labourers eases in March

CPI for agriculture and rural labourers eases…

New Delhi, May 20 (KNN) Owing to reduction in prices of some food items, retail inflation based on consumer price index (CPI) for rural labourers (RL) has…
CBDT issues a Circular for Early and Satisfactory Resolution of Taxpayers' Grievances

CBDT issues a Circular for Early and…

New Delhi, May 20 (KNN) The Income Tax Department has taken note of grievances of taxpayers arising on account of outstanding tax demand which may be inaccurate…
Banks window dress accounts to inflate MSME lending, improve branch performance: Study

Banks window dress accounts to inflate MSME…

New Delhi, May 19 (KNN) On 31st March every year, most of the bank branches in India transfer the un-utilized Cash Credit Hypothecation (CCH) loan limit balance…
India, Korea to chalk out roadmap to materialize envisaged financial support for priority sectors

India, Korea to chalk out roadmap to…

New Delhi, May 18 (KNN) South Korea has agreed to provide USD 10 billion to India for mutual cooperation in infrastructure comprising Economic Development…
South Korea offers USD 10 billion package on the eve of PM's visit

South Korea offers USD 10 billion package…

New Delhi, May 18 (KNN) As Prime Minister Narendra Modi commenced his two-day visit to Seoul on Monday, South Korea is offering India a financial package amounting…
Exports decline in April - straight fall for the fifth month

Exports decline in April - straight fall…

New Delhi, May 16 (KNN) All major exporting sectors of India including petroleum products, gems and jewellery and man-made yarn and fabrics, reported negative…
No change in FDI in e-commerce policy for now

No change in FDI in e-commerce policy…

New Delhi, May 14 (KNN) Putting the concerns of millions of traders and MSMEs at rest,  Commerce and Industry Minister Nirmala Sitharaman categorically…
WPI inflation for mfg products down by 0.1%

WPI inflation for mfg products down by…

New Delhi, May 14 (KNN) The Wholesale Price Index for ‘All Commodities’ for the month of April, 2015 declined by 0.1 per cent to 176.0 from 176.1…
Govt is helpless in dealing with tax deductors who default in depositing TDS: Chief IT Commissioner

Govt is helpless in dealing with tax…

New Delhi, May 13 (KNN) The government is working towards fixing the problems of delay in tax refunds being faced by many taxpayers which turn into grievances,…