I-T Dept probes Rs 10-bn tax refund fraud by govt and PSU employees

I-T Dept probes Rs 10-bn tax refund fraud by govt and PSU employees I-T wing identifies over 18,000 revised returns, claiming false refunds in Mumbai, Bengaluru With less than a month left for revising income-tax (I-T) returns for 2016-17, the I-T department has unearthed a giant fraud in multiple cities, where government employees allegedly claimed […]

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RBI to infuse Rs 1 trn into banking system via special auctions in March

RBI to infuse Rs 1 trn into banking system via special auctions in March Higher tax outgo will fuel cash demand by banks, corporate sectors The Reserve Bank of India (RBI) will infuse up to Rs 1 trillion into the banking system through special auctions this month to manage additional demand for liquidity as activities […]

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Delhi-Jaipur E-way: Land Prices Rise 40%

Delhi-Jaipur E-way: Land Prices Rise 40% The long-held theory that infrastructure creation leads to spike in realty rates can find no better demonstration than just outside Delhi. Manesar and Rewari in Haryana, and Neemrana and Ajeetgarh in Rajasthan, are not just the names of semi-urbanised industrial belts en route the proposed Delhi-Jaipur expressway but are […]

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Services sector contracts, putting pressure on govt

Services sector contracts, putting pressure on govt A private survey showed that India’s dominant services sector contracted for the first time in three months, adding pressure on Prime Minister Narendra Modi to undertake reforms to boost growth amid a hawkish turn from the Reserve Bank of India (RBI).The Nikkei India Services Purchasing Managers’ Index slid […]

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