GST slashed on 29 items, 54 services

New Delhi, Jan 18 : The Goods and Services Tax Council on Thursday decided to slash the GST rate on 54 services and 29 items, including old and used motor vehicles, public transport buses run on bio-fuels, sugar-boiled confectionery and packaged water, but could not finalise measures for simplification of the GSTN returns. The much-talked about […]

Mints resume coin production, running on single shift

Kolkata, Jan 13 : State-run mints have resumed minting of coins from Friday after a three-day stoppage following an order of Security Printing and Minting Corporation of India Ltd (SPMCIL) to halt operations, an official said here on Saturday. The government-owned SPMCIL, had issued an order to all its four mints, located at Kolkata, Noida, […]

Banks’ performance to be under scrutiny: Jaitley

New Delhi, Jan 6 : Finance Minister Arun Jaitley on Saturday said that Indian taxpayers were making a sacrifice to keep the banking system in good health and hence the performance of banks would be under the lens over the next few years. He said the government’s Rs 2.12 lakh crore recapitalisation plan was to keep […]

Bailout not good but banks need to be strengthened: Jaitley

New Delhi, Jan 4 : Noting that the “bailout” for state-run banks through the Rs 2.12 lakh crore recapitalisation plan has turned out to be a “moral hazard” in view of the corporates’ inability to pay back loans, Finance Minister Arun Jaitley on Thursday said that capital infusion is solely aimed at strengthening the banking system. […]

Suspense clouds fate of triple talaq bill

New Delhi, Jan 2 : The fate of the bill that seeks to criminalise instant divorce by Muslim husbands remained shrouded in suspense on Tuesday as the government virtually rejected an overwhelming demand from the opposition for referring it to a select committee of the Rajya Sabha for detailed consideration and rectify “lacunae” in the […]