Business

September 6, 2018 6:15 PM

Monetary limit for filing cases in DRT doubled to Rs 20 lakh

The government today doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions.  A Finance Ministry notification said the move is aimed at helping reduce pendency of cases in DRTs.There are 39 DRTs in th...

September 6, 2018 8:35 AM

FM Jaitley attributes fall in rupee to global factors

Finance Minister Arun Jaitley has attributed the fall in rupee to global factors and said there is  no need for panic or knee-jerk reactions.  He said the Reserve Bank of India is doing whatever is necessary to deal with the situation.  Replying to a media query in New Delhi on Wednesday, Mr. Jaitle...

September 6, 2018 8:10 AM

FM remains non committal on cutting excise duty as petrol diesel prices

Finance Minister Arun Jaitley has remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices saying international oil prices are volatile and have not shown any linear movement.  Talking to reporters in New Delhi on Wednesday, Mr. Jaitley said, India is a net buyer ...

September 5, 2018 7:28 PM

GeM transactions to reach USD 100 bn in next 3 yrs: Suresh Prabhu

Commerce and Industry Minister Suresh Prabhu on Wednesday said that government's electronic marketplace, GeM, in the next 3 years transactions will reach 100 Billion Dollars.  Government eMarketplace is the national public procurement portal offering an online, end-to-end, solution for proc...

September 5, 2018 5:42 AM

GST annual return forms for FY18 notified

Finance ministry has notified annual tax return forms for businesses registered under the GST, in which details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal have to be provided in a consolidated manner. The ministry has notified annual return form for...

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