Pay 50% tax on unaccounted deposits, or 85% if caught : Govt
New Delhi : Providing yet another opportunity to black money holders to legalise their wealth, government has proposed to tax at 50 ...
Unaccounted deposits to attract 50% tax, 4 yr lock-in period
New Delhi, Nov 25 : A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up ...
Govt extends exemptions on use of old Rs 500 note till Dec 15
New Delhi, Nov 24 : Facing severe attack in the wake of difficulties thrown up by demonetisation, government tonight extended till ...
16 PSU banks skip dividend in FY16 on mounting NPAs
Saddled with mounting bad loans, as many as 16 public sector banks, including Punjab National Bank, Bank of Baroda and Canara Bank, ...
RBI proposes ‘Islamic window’ in banks
New Delhi, Nov 20 : The Reserve Bank of India (RBI) has proposed opening of “Islamic window” in conventional banks for ...
Over 8,100 defaulters owe Rs 76,685 cr to banks
New Delhi : Public sector banks (PSBs) have reported 16 per cent rise in number of wilful defaulters at 8,167 who collectively owe ...
GST rate of 18% to have short-lived impact on inflation, says RBI
Mumbai: Implementing the Goods and Services Tax (GST) could produce a short-lived pass-through impact on the inflation ...
Junk ‘Bad Bank’ Idea And Recover Bad Loans : Yechury
New Delhi : Trashing the proposal for creating a “bad bank” to take over non-performing assets (NPAs) of financial ...
RBI cuts key policy rates by 25 bps to 6.25%
The Reserve Bank of India cut key policy rates by 25 bps to 6.25% from the current 6.50%.
Consumer inflation reduced ...
Govt to go ahead with merger of SBI subsidiaries : FM
New Delhi, Sep 16 : Unfazed by the protests of bank unions, Finance Minister Arun Jaitley today said the government will go ...