A group of ministers (GOM) led by Meghalaya chief minister Conrad Sangma is learned to have recommended no change in the 5 percent goods and service tax (GST) rate for Covid-19 vaccines while suggesting a reduction of the GST rate temporarily to 5...

Yes Bank has set its plans to raise funds in Indian or foreign currency by issuing debt securities, it said on Monday. A meeting of the board of directors of Yes Bank will be held on Thursday, June 10, 2021, to consider, approve and seek...

Clearing the decks for the takeover of Dewan Housing Finance Corporation Ltd (DHFL) by Piramal group, the National Company Law Tribunal (NCLT) has approved the overall resolution plan that was submitted by Piramal Capital & Housing for the...

According to sources familiar with the situation, as many as 12 international and domestic businesses have filed initial investment offers to the Department of Telecommunications (DoT) under the telecom products' Production-Linked Incentive...

The notable pact inked by G7, an association of the world's richest nations, to back a minimum global corporation tax rate of at least 15 per cent will benefit India as the effective domestic tax rate is above the threshold, and...

The Income Tax Department will unveil a new e-filing platform on Monday to make filing tax returns even easier (ITRs). The e-portal will be available at www.incometax.gov.in, according to the Central Board of Direct Taxes (CBDT), and will provide...

On behalf of the government, SIDBI has floated a Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore DFI called National Bank for Financing Infrastructure and Development (NaBFID) to catalyze investment in the...

Indicating a lower-than-expected impact of localised lockdowns in the second wave of the Covid-19 pandemic, the gross GST (Goods and Services Tax) collections in May (for sales in April) topped Rs 1 lakh crore for the eighth month in a row. At...

Punjab National Bank (PNB) on Saturday said that it will buy stake in the National Asset Reconstruction Company Ltd (NARCL) and has identified non-performing assets (NPAs) worth Rs 8,000 crore to be transferred to the proposed bad bank for...

The NITI Aayog has presented to the Core Group of Secretaries on Disinvestment the names of two public sector banks (PSBs) and one public sector general insurer that could be sold off under the government's new privatization policy. According...