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Latest News:

laptop ban

Emirates airlines says US has exempted it from laptop ban

Dubai-based Emirates airlines says the US has exempted it from a ban on laptops in airplane cabins.

The Middle East’s biggest long-haul carrier said in a statement on Wednesday that new security measures were in place and the ban had been lifted “eff... Read More

federal rate hike, bullish,

Fed raises rates, unveils balance sheet cuts in sign of confidence

Washington: The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing U.S... Read More

GDP. China, Grow

CSO to change GDP base year to 2017-18 from 2011-12: Gowda

New Delhi: The Statistics Ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.

“My ministry has planned to revise ... Read More

GST18Oct

Industry gets 90 days to claim credit for GST transition stock

New Delhi: Traders and retailers can file declarations within 90 days claiming tax credit for transition stock after the GST rolls out from July 1.

The draft transition rules for the Goods and Services Tax (GST) regime had pegged the time at 60 days.

tax evasion

IPOs, Bonus Issue, share gifts exempted from Capital gains tax

New Delhi: Government on Tuesday amended its income lax law to exempt genuine equity investments through initial public offerings (IPOs), bonus or rights issues by a listed company from long-term capital gains tax even if no securities transaction ta... Read More

smartphones

TV, AC to cost more; smartphones to be cheaper under GST

New Delhi: Aerated drinks and consumer durables like TV, AC, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper when the GST is implemented from July.

An analysis of the tax rates de... Read More

NEFT

Additional 11 NEFT batches for fund transfer to be introduced from July 10

The Reserve Bank will introduce new batches for settlement of payments through the National Electronic Funds Transfer (NEFT) from July 10 to ensure better service for customers... Read More

Insurance Broking

Insurance regulator opens online marketplace to register, sell insurance policies

New Delhi: Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online. The portal -- isnp.irda.gov.in -- is also open to intermediaries in insurance business, Irdai said in a circular.

L... Read More

Income Tax

Income Tax department launches ‘Operation Clean Money’-II, to probe 60,000 people

New Delhi: The Income Tax department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect black money generation post demonetisation.

The Central Board of Direct... Read More

EPFO , Department of Disinvestment, Investment, ETF, Exchange Traded Funds

EPFO members to get loyalty-cum-life benefit of up to Rs 50,000

New Delhi: Retirement fund body EPFO's subscribers will get loyalty-cum-life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20 years or more.

The benefit will also be provided in case of permanent disability e... Read More

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