Rejecting Congress Vice President Rahul Gandhi's demand for a single rate of tax, he said there is scope for further rationalisation of rate but the course will be decided by revenues that accrue from the Goods and Services Tax (GST) that was implemented from July this year.
Market regulator Securities and Exchange Board of India (SEBI) has said that banks are currently deliberating on loan defaults that may come under default disclosure norms.
The company said it is focusing on businesses where it sees the best growth potential and where it has good technology, scale and a large base of installed customers, and where it can use its digital software to enhance performance.
The number of foreign tourist arrivals (FTA) in India last month was 8.76 lakh as compared to FTAs of 7.42 lakh in October 2016 and 6.83 lakh in October 2015.
The farmers coordination committees being set up by the Telangana government are aimed at organising cultivators towards their welfare, Chief Minister K Chandrasekhar Rao told the assembly today.
The block would be auctioned for a period of 10 years.
"Madhya Pradesh has surpassed its own record at 9 am on November 11, when power demand in state peaked at 11,466 mw. Earlier in 2016, the state had recorded a demand of 11,421 mw on December 26," MP Power Management Company managing director Sanjay Shukla said.
Last week, the GST council lowered the tax rate of restaurants to a uniform 5 percent from 12 percent on non-AC restaurants and 18 percent on air-conditioned ones.
The prime minister's comments on demonetisation assume significance as all major opposition parties have attacked on the move, alleging that it had severely damaged the Indian economy.
The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, are cutting output by about 1.8 million barrels per day until March in an attempt to eradicate a glut, and are considering extending the deal for longer.
The issue came up for deliberation during the two-day PSB Manthan ended yesterday during which the finance ministry expressed urgency to deal with the mounting non-performing assets.
This ETF is a part of government's overall disinvestment programme, which has set a target of realising Rs 72,500 crore this fiscal.
The industry is one of the biggest beneficiaries of the GST rationalisation of GST slabs announced last week by the government
Already, pulses are being given to some state governments at a subsidised rate for distribution through the ration shops.
India’s retail inflation grew at 3.58 percent in October, mainly due an increase in prices of consumer food items. CNBC-TV18 poll had estimated a range of 3.2-3.8 percent.
Brent crude futures were down 17 cents at USD 63.35 a barrel by 1002 GMT, having gained 14 percent so far this month. U.S. West Texas Intermediate (WTI) crude eased 6 cents to USD 56.68.
After the rate revision for almost 200 items at the GST Council meeting in Guwahati last week -- a big concern is what impact will the move have on the fiscal situation. Several state finance ministers had said that the rate cut will lead to a loss of Rs 20,000 crore to the centre and the states. So does that mean India may miss its fiscal deficit target this fiscal? What are brokerages saying?
The oil demand of the world, however, will not be as robust as the sales of passenger and commercial vehicles
In an exclusive chat with CNBC-TV18’s Nitha Balakrishnan, CREDAI's Ram Reddy says affordable housing will take a toll if cement taxes are not reduced; adding that industry is confident of a rate reduction as early as next GST Council meet.
The Central Board of Excise and Customs (CBEC) has shared the zone-wise data of businesses under the Goods and Services Tax (GST) with regional commissioners to handhold them in case they are facing difficulty while filing returns under the new indirect tax regime.
In February this year - NPPA cut coronary stent prices by as much as 85 percent and imposed price ceilings for all drug-eluting stents and bioabsorbable stents. The order on price caps were valid for a year.
Bankers have advocated the idea of differentiated lending to ensure they focus on their strengths relating to their locations and expertise and not be worried about competition.
Watch the interview of Rajat Verma, Managing Director and Head-Commercial Banking, HSBC India with AB Ravi of CNBC-TV18, where he shared his views on the on-going HSBC Making It Big Season 8 series and also the Indian economy.
In the biggest Goods and Services Tax rejig yet, tax rates on over 200 items were cut on November 10 to provide relief to consumers and businesses. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants.