Last date for filing GSTR-1 for July ends today

Today is the last date for filing GSTR-1 return for the month of July and there will be no further extension. The Finance Ministry has asked the tax payers who have not yet filed their GSTR-1 return for July to do so immediately. Once a taxpayer files GSTR-1 return by 10th October, the corresponding...

Centre will consult states on bringing petroleum products under GST: PM

Prime Minister Narendra Modi has said the Centre will consult states on bringing petroleum products under the ambit of Goods and Services Tax (GST). Mr. Modi said this while reacting to suggestions of participants during the interaction with CEOs and experts of oil and gas from across the world in N...

FM Arun Jaitley to be on official visit to US from today

Insurance claim can't be denied if reason for delay satisfactorily explained: SC

Supreme Court has said that insurance claims cannot be rejected if the reason for delay in filing it is satisfactorily explained. A bench of Justices RK Agrawal and S Abdul Nazeer said that rejection of the claims on purely technical grounds in a mechanical manner will result in the loss of confiden...

FM Arun Jaitley to be on official visit to US from today

RBI to soon launch financial literacy drive in 9 states

The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80 blocks in nine states on pilot basis to educate people on e-transactions, formal sector borrowings and insurance purchases. The pilot project, according to RBI will be commissioned in the 9 states of Maharashtra, Chhattisg...

Sensex surges by 222 points

The Sensex at the Bombay Stock Exchange surged 222 points, or 0.7 percent, to close at 31,814, on Friday. The Nifty at the National Stock Exchange jumped 91 points, to 9,980.

India, Ethiopia sign agreements on trade, communication

India and Ethiopia today signed agreements on trade, communication and media to boost bilateral ties. The agreements were signed after wide ranging talks between President Ram Nath Kovind and his Ethiopian counterpart Mulatu Teshome at Addis Ababa in Ethiopia. The two leaders discussed economic rela...

RBI asks banks not to turn away senior citizens from branches

Reserve Bank has said banks should remain sensitive to requirements of senior citizens as well as differently-abled persons and should not turn them away from branches in order to promote digital transactions. It has been reported that banks are discouraging or turning away senior citizens and diffe...

RBI to allow inter-operability in prepaid payment instruments

Users will be able to transfer funds from one mobile wallet to another as Reserve Bank is allowing inter-operability among prepaid payment instruments (PPI) very soon. PPIs which include the likes of e-wallets, gift cards and meal coupons are used as substitutes for cash. RBI today said in the &...