Government introduces GST Bill in Rajya Sabha amid ruckus

Last Updated: Tuesday, August 11, 2015, 16:10

Amid ruckus by opposition members in the Rajya Sabha, Finance Minister Arun Jaitley on Tuesday introduced a constitutional amendment bill to enable implementation of goods and services tax (GST) in the country.

Rangarajan favours RBI majority in Monetary Policy Committee

Last Updated: Sunday, August 9, 2015, 11:10

Joining the debate over the powers of RBI Governor in setting policy rate, bank's former head C Rangarajan on Sunday said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank.

No differences between RBI, govt on MPC: RBI

Last Updated: Saturday, August 8, 2015, 18:00

He also said that RBI would like to see, among other things, as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut.

Bank of England holds interest rate at 0.50%

Last Updated: Thursday, August 6, 2015, 19:06

The MPC "voted by a majority of 8-1 to maintain Bank Rate at 0.5 percent", the BoE said.

Capital infusion cannot be an endless ritual: House Panel

Last Updated: Friday, July 31, 2015, 21:56

Pulling up public sector banks, the Standing Committee on Finance on Friday said they should generate funds internally for their recapitalisation instead of depending on budgetary support as it cannot be an "endless ritual".

Parl panel recommends pro-buyer measures in Real Estate Bill

Last Updated: Thursday, July 30, 2015, 22:40

A Parliamentary Committee on Thursday recommended a slew of measures favouring property buyers, which include a three-year jail term or a fine for a defaulting builder under a new law which will now cover projects of 500 sqm or eight flats.

Federal Reserve holds key US rate unchanged

Last Updated: Thursday, July 30, 2015, 00:12

The Federal Reserve kept its benchmark federal funds interest rate unchanged at near zero percent as expected Wednesday, providing no fresh hints on when a long-awaited rate rise might come.

Govt clears GST amendments, states to be compensated for 5 years

Last Updated: Wednesday, July 29, 2015, 20:55

The Cabinet decided that the modalities for levy of 1 percent tax over and above the GST rate by states as well as the 'band' rate would be finalised while framing the rules, sources said.

Cabinet approves amendments to GST Bill

Last Updated: Wednesday, July 29, 2015, 20:27

The Union Cabinet on Wednesday approved amendments as proposed by Rajya Sabha Select Panel on GST Constitution Amendment Bill.

Govt to take action on Shah panel report on MAT soon: FinMin

Last Updated: Friday, July 24, 2015, 23:03

The government Friday said it will soon take a decision on the Justice A P Shah Committee report on applicability of minimum alternate tax (MAT) on foreign investors, an issue which had riled FIIs.

MAT stand-off: Shah panel submits report to FM

Last Updated: Friday, July 24, 2015, 22:18

The high-level Justice A P Shah Committee Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.