Hailing the GST Council's decision to reduce tax rates on several items and services, President of PHD Chamber of Commerce and Industry, Rajeev Talwar on Sunday urged the government and the council to consider bringing petroleum products under the ambit of Goods and Services Tax (GST). ...
Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST adding that the 28 per cent slab will soon be phased out, except on luxury and "sin goods". He noted that the standard rate could be between the 12 and 18 per cent. ...
With expenditure continuing to far exceed earnings, Indian Railways is facing a dismal financial scenario with the operating ratio breaching the 112-per cent mark. "The trend is unlikely to be reversed before March 2019 -- when the National Transporter expects heavy advance ticket bookings for the upcoming summer ...
The West Bengal government has decided to take up a special intervention plan to fill up critical gaps in reaching the fruits of development to the particularly vulnerable tribal groups like Savar (Lodha), Birhore and Toto, according to a press note. ...
The US dollar clawed back gains in the week's last trading day, as the greenback's safe-haven demands rose amid steep sell-off in equities and a possible US government shutdown. US stocks nosedived on Friday, as the Nasdaq fell into a bear market and the Dow suffered the worst weekly decline over the past decade, wrapping up their ...
The British economy enjoyed strong quarterly growth in the third quarter, according to data released on Friday. The economy grew at 0.6 per cent in the third quarter compared with second quarter figures, according to the Office of National Statistics (ONS) in it...
India's foreign exchange (forex) reserves depleted by $613.9 million during the week ended December 14, official data showed on Friday. According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves decreased to $393.12 billion from $393.73 billion reported for the week ended December 7....
Accounting giant EY (formerly known as Ernst & Young) has inked a deal to acquire the business of Fortune Cookie UX Design, a digital design consultancy firm headquartered in Pune. The acquisition is in line with EY's efforts to add capabilities which are ...
Bidi smoking costs India over Rs 80,000 crore in ill health and early deaths every year which is equivalent to 0.5 per cent of the goods and services (GDP) the country produces and more than two per cent of its total health spend, says a study. Direct costs - tests, drugs, doctors' fees, hospital stays, and transport -...
National Company Law Tribunal's (NCLT) Kolkata bench has directed initiation of corporate insolvency resolution process against Coal India's subsidiary Eastern Coalfields Ltd (ECL). The tribunal has admitted the insolvency petition, filed by Gulf Oil Lubricants India Ltd (GOLIL), against the miner under Section 9 of t...
