Business
Fiscal Deficit Touches 96.1% of Budget Estimate at August-end
In absolute terms, the fiscal deficit - difference between expenditure and revenue - was Rs 5.25 lakh crore during April-August, 2017-18, according to the data of Controller General of Accounts (CGA).
All You Need To Know About LAP: Loan Against Property
The property’s market value is determined by the banker and an amount ranging from 40-60% of the value of the property is approved for a loan to the borrower.
Goods and Services Tax Collection Dips in August
According to the revised estimate, the GST mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs 92,283 crore.
GST, Economic Slowdown Hit Durga Puja Sponsorships: Organisers
Meanwhile, small retailers of garments said sales have been lower by at least 15-20 percent during this festive season, as GST resulted in higher cost of procurement.
RBI Caps Banks Exposure to Reits, InvIts at 10% of Unit Capital
The master directions first issued in May last year did not provide for investments in the Reits and Invits, both newly introduced instruments.
Govt to Set up 5 Scrap-based Steel Plants, Invest Rs 500 Crore
India's target is to more than double the steel output by 2030, from 10 MT at present.
Boosting Private Investment, Banks' Growth Major Concerns, Says Finance Minister Arun Jaitley
Addressing the 70th annual general meeting of Indian Banks' Association (IBA) in Mumbai, Finance Minister Arun Jaitley on Friday said the government had amended laws to bring a speedy resolution of the bad debts of banks, including Insolvency and Bankrupt...
Tax Authorities to Scan Transition Credit Claim of 162 Companies
In the transitional credit form TRAN-1 filed by taxpayers along with their maiden returns for July, businesses have claimed credit of over Rs 65,000 crore for excise, service tax or VAT paid before the GST was rolled out from July 1.
US, Asian Shares Dip After North Korean Missile Launch
The benchmark Nikkei 225 index gained 0.21 percent, or 40.95 points, to 19,848.39 in early trade while the Topix was up 0.22 percent, or 3.52 points, at 1,635.65.
Sensex Closes Marginally Higher, But Nifty in Red
Investors were cautious after retail inflation rose to a five-month high of 3.36 percent in August due to costlier vegetables and fruits and industrial production grew by 1.2 per cent in July from 4.5 percent a year ago.
Retail Inflation Hits 5-month High of 3.36% on Costlier Veggies
The August inflation number is the highest since March 2017, when it was recorded at 3.89 per cent.Overall food inflation in August also moved up, reversing the deflationary trend, to 1.52 per cent, government data showed on Tuesday.
Paytm Payments Bank Partners with NPCI for RuPay Digital Card
The RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with Paytm Payments Bank.
AI Better Positioned With 'Superior' Product, Says Bansal
As the loss-making national carrier works on ways to improve its on-time performance and increase the market share, Air India CMD Bansal said it plans to invest in technological upgradation in the fare management system.
Sensex Recovers 115 Points in Early Trade on Asian Cues
The 30-share index was trading higher by 114.94 points or 0.36 per cent to 31,776.91 with all the sectoral indices led by realty, auto, FMCG, metal and bank leading the recovery.
Working on Measures to Boost Exports in Shortest Time: Suresh Prabhu
Commerce Minister Suresh Prabhu said exports to GDP (gross domestic product) ratio of India has to improve substantially as the outbound shipments have a great ability to generate economic activity.
Rupee Pushes up 7 Paise in Early Trade
Sensex fell 71.65 points, or 0.22 per cent, to 31,820.58 in early trade.
