What is the size of the revised watch-list of loans that could turn bad? And of that watch-list what amount of loans comes from the associate banks?
The post SBI chief Arundhati Bhattacharya: GST is a seminal kind of reform appeared first on The Financial Express.
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SBI chief Arundhati Bhattacharya: GST is a seminal kind of reform
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GST: Finance Ministry warns industry against hiking prices arbitrarily
With companies indicating a possible rise in prices on the Goods and Services Tax rollout from July 1, the finance ministry today warned India Inc against raising rates arbitrarily in anticipation of the GST.
The post GST: Finance Ministry warns industry against hiking prices arbitrarily appeared first on The Financial Express. -
India’s export control in line with Wassenaar Arrangement: Government
India's export controls are in line with the Wassenaar Arrangement, one of the four non- proliferation regimes that prohibit the export of items of dual- use technology, a senior external ministry official said.
The post India’s export control in line with Wassenaar Arrangement: Government appeared first on The Financial Express. -
Telecom services, mobile phones to be expensive under GST
Telephone bills and mobile handset prices will go up from July 1 when the new Goods and Services Tax regime kicks in, raising incidence of taxation on the telecom sector.
The post Telecom services, mobile phones to be expensive under GST appeared first on The Financial Express. -
Steel PSUs not holy cows, must compete with pvt players: Min
"I have told my PSUs, especially those that produce steel, that there is a new environment where PSU is not a holy cow. You should perform and compete with your private players," the minister said in an interview to PTI. -
No impact of GST on renewables, no need for lower taxes: Goyal
However, the minister is hopeful that lower GST rate of 5 per cent on coal, compared to existing 11.69 per cent, would help discoms provide power at affordable rates. -
Economy class air travel to become cheaper from July 1
Aviation experts say that the government's decision to levy 5% and 12% tax for economy and business class is a very good decision and will support affordable fare regime in India. The government was sensitive to the impact of higher GST slab on industry and the consumer is significantly positive. -
GST is finally through, next job is to ensure it becomes revolutionary instead of evolutionary
On the eve of its third birthday, the NDA has been able to get all state governments to agree to a tax-rate structure for both goods and services and to finalise most rules is a big step forward.
The post GST is finally through, next job is to ensure it becomes revolutionary instead of evolutionary appeared first on The Financial Express. -
Fixing corporates necessary along with banks for recovery: Viral Acharya
Addressing the Indian Chamber of Commerce banking conclave here, he said fixing banks alone will not pick up credit to its full potential. There is need to fix underlying corporates too as there may be excess capacity in the sector and requires to be addressed. -
Three years of Modi Government: Report card of performance on job creation front
India is among the world#39;s youngest countries. With over 600 million people below the age of 35 years, the country can boast of a readily-available workforce that the more prosperous and developed countries of the west cannot. Yet, India#39;s biggest asset is Prime Minister Narendra Modi#39;s most pressing and vexatious challenge. CNBC-TV18#39;s Ronojoy Banerjee assess this government#39;s performance when it comes to creating jobs. -
‘Chinese developers should avoid rush to invest in India’
Chinese property developers should avoid a "blind rush" in investing in India as acquiring land there is far more difficult than in the Communist country, a media report has cautioned.
The post ‘Chinese developers should avoid rush to invest in India’ appeared first on The Financial Express. -
Fixing corporates necessary along with banks for recovery: RBI’s Viral Archarya
There is need to fix underlying corporates too as there may be excess capacity in the sector and requires to be addressed. The view was, however, his own and not that of RBI's, Acharya said.
The post Fixing corporates necessary along with banks for recovery: RBI’s Viral Archarya appeared first on The Financial Express. -
Experts hail GST rates but this is where it may hurt you
While most experts have hailed GST as one of the most progressive reform, some have also raised concerns over the difficulties that still lay ahead, and the areas where it will increase cost of consumption for the people.
The post Experts hail GST rates but this is where it may hurt you appeared first on The Financial Express. -
GST rates for services finalised: Education, healthcare to be exempted; telecom, financial services to attract 18% tax
The GST Council finalised four tax rates of 5, 12, 18 and 28 percent to apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since the Independence. -
7th Pay Commission: How changes in pay matrix, IOR will benefit government employees
Know the changes in the recommendations of the Seventh Central Pay Commission in respect of both defence and civil pay matrix and Index of Rationalisation (IOR).
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GST rates anti-inflationary, will drive consumption: Industry
Tax rates on fast moving consumer goods (FMCG) items under GST will drive consumption, although a few home care products and shampoos could become pricier, according to industry players.The post GST rates anti-inflationary, will drive consumption: Industry appeared first on The Financial Express. -
RBI says infusing funds into Indian banks won’t solve debt mess
Indian central bank Deputy Governor Viral Acharya said injecting new funds into lenders won’t resolve the nation’s stressed asset plight until companies take steps to reduce debt.The post RBI says infusing funds into Indian banks won’t solve debt mess appeared first on The Financial Express. -
PM Narendra Modi pitches for evergreen revolution in agriculture sector
Prime Minister Narendra Modi today pitched for an "evergreen revolution" to enable the country to meet the challenge faced by the agriculture sector.The post PM Narendra Modi pitches for evergreen revolution in agriculture sector appeared first on The Financial Express. -
IPL matches to come under ambit of entertainment tax in Uttar Pradesh
The Yogi Adityanath government has taken a decision in this regard and also issued a government order.
The post IPL matches to come under ambit of entertainment tax in Uttar Pradesh appeared first on The Financial Express. -
All households to have access to electricity by May 2018: Piyush Goyal
The BJP-led NDA government had taken up the task of electrifying 18,452 unelectrified villages after it came to power.
The post All households to have access to electricity by May 2018: Piyush Goyal appeared first on The Financial Express. -
GST rates will help stimulate demand in auto sector: SIAM
Auto industry body SIAM today welcomed the GST rates for automobiles saying the new tax rates would help in stimulating demand.The post GST rates will help stimulate demand in auto sector: SIAM appeared first on The Financial Express. -
7th Pay Commission report: Updates on revised allowance may be announced next week
The Empowered Committee of Secretaries is likely to meet soon before presenting the report to the Union Cabinet.
The post 7th Pay Commission report: Updates on revised allowance may be announced next week appeared first on The Financial Express. -
GST takes shape: Modi Sarkar tells companies that profiteering will be dealt with strictly
The finance minister Arun Jaitley-headed GST Council has decided to place services under four slabs—5, 12, 18 and 28 percent— compared to the current uniform 15 percent levy on all eligible services -
Telecom services to become expensive under GST
Telecom services are set to become costlier under the upcoming Goods and Services Tax (GST) regime with the government placing them under the 18 per cent rate.The post Telecom services to become expensive under GST appeared first on The Financial Express. -
Indian Beverage Association asks government to reconsider cess in GST rates on aerated drinks
The Indian Beverage Association (IBA) today urged the government to reconsider a lower rate of cess in GST rates on aerated drinks stating that the category's effective tax rate of 40 per cent would impact the industry's growth.The post Indian Beverage Association asks government to reconsider cess in GST rates on aerated drinks appeared first on The Financial Express. -
GST Council country’s 1st federal institution: J&K FM Haseeb Drabu
Jammu and Kashmir Finance Minister Haseeb Drabu today termed the GST Council, which held its 2- day meeting here, as the country's first federal institution saying the new tax regime will pave way for cooperative federalism.The post GST Council country’s 1st federal institution: J&K FM Haseeb Drabu appeared first on The Financial Express. -
GST: No scope for rethinking July 1 deadline, says Arun Jaitley
Speaking to CNBC-TV18, Finance Minister Arun Jaitley said ministers from various states have urged him not to budge on the deadline for rolling out the new tax regime. -
GST rate on hybrid vehicles against green mobility: Auto Industry
Hybrid vehicles will also fall in the category under GST. In comparison, tax on electric vehicles has been kept at 12 per cent.
The post GST rate on hybrid vehicles against green mobility: Auto Industry appeared first on The Financial Express. -
Sensex drops 250-odd pts from record high, ends at 30,465
Sensex drops 250-odd pts from record high, ends at 30,465 -
GST: Ola, Uber, economy air travel to be taxed at 5%; metro, lowest class train travel to be tax free
Your local taxi rides in cab aggregators Ola and Uber will be taxed at 5% -- the lowest slab for services under GST.
The post GST: Ola, Uber, economy air travel to be taxed at 5%; metro, lowest class train travel to be tax free appeared first on The Financial Express. -
Watch: Goods & service tax simplified
Watch: Goods & service tax simplified -
Forex reserves down $443.6 million to $375.27 billion
After touching a record high, the country's forex reserves declined marginally by USD 443.6 million to USD 375.27 billion in the week to May 12, due to fall in foreign currency assets, the Reserve Bank said. -
June 30 deadline for Aadhaar not to be extended: Govt to SC
There is #39;no question#39; of extending the June 30 deadline for making Aadhaar mandatory for availing benefits of various social welfare schemes, the Centre today told the Supreme Court. -
GST rates unlikely to hurt inflation, RBI to be less hawkish: Icra
On services front, where the standard rate has been kept at 18 per cent, it said availability of input tax credit may soften the impact of GST on services inflation in the future.
The post GST rates unlikely to hurt inflation, RBI to be less hawkish: Icra appeared first on The Financial Express. -
This year, slew of insurance IPOs await investors
As per regulatory norms, an insurer will have to post profits for three consecutive years and be in operation for atleast 10 years for it to get permission to list. -
BSE includes Kotak Mahindra Bank, Tata Motors DVR in Sensex
Private sector lender Kotak Mahindra Bank and Tata Motors DVR (Differential Voting Right Share) will be included in the BSE's benchmark Sensex from June 19. -
OPEC panel looking at deepening, extending oil cuts – sources
Their panel, the Economic Commission Board (ECB), was due to finish talks on Thursday but they will now end on Friday, OPEC sources said.The post OPEC panel looking at deepening, extending oil cuts – sources appeared first on The Financial Express. -
'GST rates unlikely to hurt inflation, RBI to be less hawkish'
A day after the GST council decided on the rates, domestic rating agency Icra on Friday said the structure is unlikely to fan inflation, and the Reserve Bank will be "less hawkish" in its stance at June 7 review. -
3 years of Modi rule: FDI inflows jump to $60 billion in 2016-17 from $36 billion in 2013-14
The inflow of FDI to India has jumped to $60.08 billion in the last three years of Narendra Modi government at the Centre
The post 3 years of Modi rule: FDI inflows jump to $60 billion in 2016-17 from $36 billion in 2013-14 appeared first on The Financial Express. -
Sensex signs off week with gains after GST rate freeze
Benchmark Sensex ended in the green at 30,464 in see-saw trade Friday as FMCG counters buzzed following finalisation of GST rates for bulk of the items.
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GST: which sector will fetch what rate
The Goods and Services Council ended its 2-day meet in Srinagar after finalising tax rates for various sectors. The GST is expected to be rolled out from July 1. Out of the 1,211 items, the GST rate for all but six was decided on the first day.
The post GST: which sector will fetch what rate appeared first on The Financial Express. -
Abbott India Q4 net dips 29 per cent to Rs 42 crore
Pharma firm Abbott India on Friday reported a 28.69 per cent plunge in standalone net profit to Rs 42.06 crore for the fourth quarter ended March 31, 2017. The company had posted a net profit of Rs 58.99 crore for the corresponding period of the previous fiscal. -
With 180% growth, Chinese smartphone makers set to wipe out Indian brands like Micromax, Lava
Samsung of South Korea, and the Chinese Itel and Xiaomi were the top market players with 27 per cent, nine per cent and six per cent market share, respectively, in terms of volume.
The post With 180% growth, Chinese smartphone makers set to wipe out Indian brands like Micromax, Lava appeared first on The Financial Express. -
'No impact of GST on renewables, no need for lower taxes'
"We don't need support of lower taxes to encourage renewable energy. By itself, it is good for the nation. It reduces pollution. It has given discoms 25-year-long affordable power at prices which are even below grid (parity price)," Power Minister Piyush Goyal told reporters. -
No impact of GST on renewables, no need for lower taxes: Piyush Goyal
With renewables tariff already touching new lows, Power Minister Piyush Goyal today said there was no need for lower taxes to encourage clean energy and the GST regime will have no impact on power rates
The post No impact of GST on renewables, no need for lower taxes: Piyush Goyal appeared first on The Financial Express. -
Telecom sector disappointed with 18% GST rates
The telecom industry, expressing its disappointment over the 18 percent Goods and Services Tax (GST) rates, on Friday said it will further stress the already bleeding balance sheet of the sector. -
Gaursons to invest Rs 150 crore on luxury realty project in Noida
Realty firm Gaursons India will invest Rs 150 crore to develop a luxury residential project in Noida, and also plans to enter affordable housing segment in a big way to tap rising demand for low-cost homes. -
GST will simplify tax administration: SB Behera
In a clarification, Behera said the Centre would have no right to impose tax on the sale of products and the state govenrments could not impose tax on the service.The post GST will simplify tax administration: SB Behera appeared first on The Financial Express. -
Grasim Industries posts Q4 net profit at Rs 1,063 crore
Aditya Birla Group firm Grasim Industries on Friday reported a marginal increase in consolidated net profit at Rs 1,063.62 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 1,055.26 crore during the same period of the previous fiscal. -
PM Modi’s tourism push pays off! India jumps 16 places in UNWTO rankings
Prime Minister Narendra Modi has been very vocal about improving India's tourism potential.
The post PM Modi’s tourism push pays off! India jumps 16 places in UNWTO rankings appeared first on The Financial Express.
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