Fiscal consolidation process on track: Jayant Sinha

Oil prices fall to near seven-year low

Fiscal consolidation process on track: Jayant Sinha

SBI too waives penalty on late payment of EMI for Chennai residents

The Chief General Manager of State Bank of India Chennai Circle Ramesh Babu has said that the bank would waiver the penalty for late payments of EMI for November and December for home,car and personal loans for people living in flood affected areas. Addressing the media persons at Chennai today, he ...

Oil prices steady as China oil imports surprise

Global crude oil prices edged away from nearly 7-year lows, today, as China reported strong commodity imports. But overall, the market remained weak due to global oversupply and OPEC's decision to keep output high. Brent crude oil futures were up 31 cents, at 41.04 dollars a barrel. U.S. cr...

Finmin asks banks to restore services at the earliest in Tamil Nadu

Finance Ministry has directed banks to restore services in flood affected areas as early as possible and asked them to ensure that no banking operation is affected on account of lost or damaged pass books.Banks have been requested to provide mobile ATMs or Point of Sale Machine services mounted on b...

CBDT issues directions to expedite issue of pending refunds below 50 thousand rupees

Central Board of Direct Taxes has issued directions to expedite issue of pending refunds below 50 thousand rupees for assessment years 2013-14 and 2014-15. The field formations and the Central Processing Centre at Bengaluru have been directed to complete the process as early as possible. This initia...

CBDT extends due date for TDS deposit during November 2015 for TN

Central Board of Direct Taxes, CBDT has extended the due date for deposit of tax deducted at source and tax collected at source during the month of November 2015 from 7th of this month to 20th of this month for Tamil Nadu. The decision has been taken due to flood situation in the state. An official ...

BSNL now in surplus of 672 crores: Ravi Rhankar Prasad

Union Minister of Communication and Information Technology, Ravi Shankar Prasad in Varanasi claimed that Bharat Sanchar Nigam Limited (BSNL) has recovered from the loss in the past 14 months and is now in a surplus of 672 crores. After chairing the review meeting of BSNL's Wi-Fi and other s...

Singapore replaces Mauritius as top source of FDI into India

Singapore has replaced Mauritius as the top source of foreign direct investment into India during the first half of the current fiscal. During April to September period, India has attracted 6.69 billion dollars FDI from Singapore while from Mauritius, it received 3.66 billion dollars, according to d...