The states on Thursday has requested Union finance minister Nirmala Sitharaman to provide them additional fiscal support as well as an enhanced borrowing limit in the forthcoming budget, and proposed continuation of the 14% assured annual GST...

Indian banks’ bad loans that stood at 6.9 percent of total advances as of September 30th may reach 8.1 percent by September next year under a baseline scenario, and as much as 9.5% under severe stress, a Reserve Bank of India report said....

The Indian economy is expected to maintain a real gross domestic product (GDP) growth of 9 percent in FY22 and FY23 amidst the Omicron uncertainty, ratings and research firm Icra Ltd said on Tuesday. Available data for the third quarter does...

Indian investment bankers are set for their best year ever as they will be collecting almost 26 billion rupees ($347 million) in fees from local initial public offerings that have reached an all-time high in 2021. A little over 110...

As a challenging year for most industries, the year 2021 saw a V-shaped recovery, driven by an increase in investments and incentives to stimulate operations. The year demonstrated both India's inherent strengths and flaws. The trajectory of...

The Micro Small and Medium Enterprises (MSMEs) sector has emerged as a major contributor to the socio-economic development of India, owing to its contribution to Gross Domestic Product (GDP) of the country and exports. The sector has also provided...

The Reserve Bank of India on Thursday has extended card tokenisation deadline by six months till June 30, 2022, from the earlier deadline date of December 31, 2021. "The timeline for storing of CoF (card-on-file) data is extended by six...

A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap the retrospective taxation have set the stage for the next level of reforms in the tax administration that include bringing a framework...

Running a successful company in the present day ultra-competitive corporate realm is no cake walk and most business owners realize this lesson the hard way. Some businesses even fail to get a foothold in the industry which results in bankruptcy or...

Despite concerns expressed by the industry, the government is unlikely to defer the implementation of the higher Goods and Services Tax (GST) on certain textile products, as the decision was taken by the GST Council. The sector had opposed the...