Business
After PMC Scam, RBI Revises Supervisory Norms for Urban Cooperative Banks
The move comes in the backdrop of the scam in Punjab and Maharashtra Cooperative (PMC) Bank causing distress to over 9 lakh depositors.
RBI Nod for Rehabilitation Benefits to J&K Bank Borrowers Hit by Recent Events
The bank, it said, has accordingly initiated the process to implement rehabilitation package to its borrowers.
CBDT Extends till January 31 Deadline for Compounding of I-T Offences
In I-T parlance, compounding means that the taxman does not file a prosecution case against the offender or tax evader in court in lieu of payment of due taxes and surcharges.
Infrastructure Projects' Cost Overrun Crosses Rs 4 Lakh Crore Mark
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of such 1,636 projects, 388 projects reported cost overruns and 563 projects time escalation.
CBDT Extends Aadhaar-PAN Linking Deadline to March, 2020 from December 31, 2019
This is the eighth time that the Central Board of Direct Taxes (CBDT) has extended the deadline for individuals to link their PAN with Aadhaar.
Vodafone Idea Mobile Customer base Drops by 3.63 Crore in November
Telecom operator Vodafone Idea had reported an increase of 1.89 lakh mobile customers on its network in October.
BSNL Clears Rs 1,700 Crore in Dues to Vendors, Pays November Salaries: CMD
In October this year, the government approved a revival package for BSNL and MTNL that includes merging the two firms, monetising their assets and giving VRS to employees.
Johnson & Johnson India Fined Rs 230.4 Crore For Profiteering From Cut in GST Rates
In an order issued on Monday by National Anti-Profiteering Authority, Johnson and Johnson was asked to pay back the amount within a period of three months.
Yes Bank Shares Fall Nearly 3% After Ratings Downgrade
The stock was trading 2.99 per cent down to Rs 45.35 on the BSE and the NSE.
Rupee Slips 5 Paise to 71.02 Against US Dollar in Early Trade
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.07 per cent to 97.33.
Finance Ministry Sets Rs 1.1 lakh Crore Monthly Target of GST Collection
Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials and impressed upon them to step up measures to achieve direct and indirect tax collection target.
India's Services Exports Grew by Over 5% to $17.70 Billion in Oct: RBI Data
The services exports or receipts were USD 16.82 billion in October 2018, while the imports or payments were worth USD 10.10 billion.
Next Rate Cut Depends on How Less Teary-eyed Onion Leaves RBI
Onion prices, considered politically sensitive, have been spiralling for the last few weeks and have breached the Rs 200-mark in some markets.
TRAI Issues Public Notice on Revised MNP Process; New Norms Effective from December 16
The new process, which comes with conditions for generation of Unique Porting Code (UPC), entails three working days' timeline for port out requests within a service area, and five working days for requests for port out from one circle to another.
UDAN 4.0: Civil Aviation Ministry Invites Bidding for 30 Airports, Airstrips in North East Region
The fourth round of bidding under the UDAN (Ude Desh ka Aam Nagrik) or regional air connectivity scheme commenced on December 3. UDAN seeks to connect unserved and underserved airports as well as make flying more affordable.
Kashmir Economy Suffered Losses of Rs 15000 Crore, Thousands Lost Their Jobs Since Clampdown: Trade Body
More than the losses to the economy, job loss due to clampdown on internet services, protests and strikes was more worrying, Kashmir Chamber of Commerce and Industry (KCCI) president Sheikh Ashiq Hussain said.
