Business

December 30, 2017 5:40 AM

GAIL awards major contracts for Pradhan Mantri Urja Ganga

GAIL India has placed orders for another 400-km of pipeline of the ambitious Pradhan Mantri Urja Ganga natural gas pipeline project that will take the fuel to eastern India. State-run gas utility company said in a statement in New Delhi today that the orders for pipeline from Dobhi in Bihar to Durga...

December 29, 2017 11:46 PM

Govt achieves 67 % of direct tax collection target for current fiscal

The government has achieved nearly 67 per cent of the direct tax collection target for the current fiscal. In a written reply to a question in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the growth rate of direct tax collection in 2017-18 financial year is 16.6 per cent as a...

December 29, 2017 10:08 PM

Govt extends last date for filing of final sales return of GST till Jan 10

The government has extended the last date for filing of final sales return GSTR-1 till 10th of next month under the Goods and Services Tax. As per a government notification, businesses with a turnover of up to 1.5 crore rupees will have to file GSTR-1 for July-September by 10th of January next year,...

December 29, 2017 7:31 PM

Pulses sowing area up 9 pc, wheat acreage down in rabi season

Pulses sowing area rose by 9 per cent to over 150 lakh hectares but wheat acreage declined to 273 lakh hectares in the ongoing rabi season so far. Data released by the Agriculture Ministry said the total area sown under Rabi crops stands at over 565 lakh hectares as compared to 571 lakh hectare last...

December 29, 2017 6:10 PM

Fiscal deficit breaches FY18 target in November

India's fiscal deficit at the end of November breached the target and touched 112 per cent of the budget estimate for 2017-18. This was mainly due to lower GST collections, and higher expenditure. In absolute terms, the fiscal deficit the difference between expenditure and revenue stood at ...

December 29, 2017 1:51 PM

Government cautions people against risks in investing in Virtual Currencies

Finance Ministry today cautioned people dealing in virtual currencies saying these are not legal tender and have no protection. Noting that there has been a phenomenal increase in recent times in the price of virtual currencies including Bitcoin in India and globally, the Ministry said the currencie...

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