Tag Archives: soon:

Govt to unveil bank consolidation plan soon: Arun Jaitley

Finance minister Arun Jaitley said early days of goods and services tax (GST) going smoother than expected. Photo: Mint Mumbai: Finance minister Arun Jaitley said on Friday that the government is working on a strategy for the consolidation of the banking industry to create bigger and stronger banks. “The consolidation of banks will have to move parallel to the objective of ... Read More »

‘Less tax, no input credit’ plan for small businesses may return soon

The composition scheme, which is applicable to specific categories of small businesses whose turnover is Rs 75 lakh and below and had been closed on August 16, may return soon. With just about a million taxpayers opting for the scheme, the goods and services tax (GST) Council will consider reopening the window in its meeting on Saturday in Hyderabad, giving another opportunity ... Read More »

Rs. 200 Notes Notified, Likely To Be Introduced Soon

Rs. 200 notes could make their debut soon with the government notifying the new currency note. Experts say Rs. 200 notes will significantly ease transactions. “In exercise of the powers conferred by sub-section (1) of section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central Board of Directors of the Reserve Bank of ... Read More »

7th Pay Commission: Meeting on Allowance Today, Decision Likely Soon

Proposal for Cabinet on 7th pay commission allowances is likely to be finalised soon. The Empowered Committee of Secretaries is likely to meet today to screen the report on 7th pay commission allowances (including HRA), an employee union official said. The empowered committee is expected to soon finanlise proposal for the Union Cabinet on 7th pay commission allowances, he added. ... Read More »

India growth to hold strong; rate cut likely, but not soon: Reuters poll

India’s growth rate is set to remain one of the fastest in the world this year with inflation running just slightly above 5 percent, leaving the Reserve Bank of India (RBI) on the sidelines for at least another six months, a Reuters poll showed on Thursday. The RBI is forecast to cut the repo rate to 6.25 percent in the ... Read More »