Manufacturing sales improve in Q3, profit subdued: RBI

Manufacturing sales improve in Q3, profit subdued: RBI The country’s manufacturing sector witnessed an improvement in sales growth in the third quarter this fiscal on annual basis, though net profit has remained subdued due to lack of support from other income, says a RBI data on performance of private corporate sector. The RBI data released […]

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SEBI exempts govt from open offers for 6 PSBs post capital infusion

SEBI exempts govt from open offers for 6 PSBs post capital infusion Sebi has given exemption from open offer requirements with respect to six lenders—PNB, Canara Bank, Syndicate Bank, Vijaya Bank, Bank of Baroda and Union Bank of India Markets regulator Securities and Exchange Board of India (Sebi) on Monday exempted the central government from […]

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CBEC to verify GST transitional credit claims of 50,000 taxpayers

CBEC to verify GST transitional credit claims of 50,000 taxpayers In order to check “frivolous and fraudulent” tax credit claims by businesses, the CBEC has decided to verify demands of top 50,000 tax payers claiming maximum GST transitional credit, starting with those where the quantum exceeds Rs 25 lakh. The verification of “unreasonable” transitional credit […]

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