Early Q4 results indicate earnings picking up pace

Early Q4 results indicate earnings picking up pace Review shows profit growth quickened to 6-quarter high of 12.13% in March quarter Earnings growth of Indian companies has picked up pace in the three months ended 31 March after demonetization of high-value banknotes in 2016 and implementation of the goods and services tax (GST) in the […]

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EPFO to send you SMS update if employer fails to deposit contribution

EPFO to send you SMS update if employer fails to deposit contribution Currently, EPFO only sends messages to employees whose contributions are credited into their EPF accounts The next time your employer fails to deposit your contribution to the Employees’ Provident Fund Organisation (EPFO), you would get to know. EPFO will now inform employees whose […]

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Govt seeks proposals for debt exchange traded fund by May 16

Govt seeks proposals for debt exchange traded fund by May 16 ETF structure to be decided by advisor in conjunction with government The government plans to launch its first debt exchange traded fund (ETF) early in the second half of 2018-19. The ETF’s basket is expected to contain debt offerings from 12-15 state-owned companies, including […]

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One year after coming into force, Rera remains a work in progress

One year after coming into force, Rera remains a work in progress According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points A year after coming into force, what the Real Estate (Regulation and Development) Act, […]

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GST, note ban brought 1.8 mn more people into I-T net: India

GST, note ban brought 1.8 mn more people into I-T net: India India has informed the UN that the Goods and Services Tax reform implemented by it, coupled with the demonetisation of high-value currency notes, has brought 1.8 million more people into the income-tax net.Additional Secretary in the Ministry of External Affairs A Gitesh Sarma, […]

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GST collection in first 9 months of its roll out at Rs 7.41 trillion

GST collection in first 9 months of its roll out at Rs 7.41 trillion Goods and services tax (GST) collection in the first nine months of its roll out during 2017-18 stood at Rs 7.41 trillion, even as average monthly collection turned out lower than initial targets of the government. The monthly average was Rs […]

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9 shortlisted for RBI deputy governor’s post; interview on May 10

9 shortlisted for RBI deputy governor’s post; interview on May 10 A search panel headed by the Cabinet Secretary is scheduled to interview candidates on May 10 to find a successor to RBI Deputy Governor S S Mundra, who completed his three-year term in July last year.Out of about 40 applications received, the Financial Sector […]

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Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance

Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance The Ministry of Finance, on Tuesday, appointed officers to carry out search and seizure under the newly pronounced Fugitive Economi Offenders Ordinance. As per a Notification issued by the Government on 24th April, officers not below the rank of Assistant Directors in […]

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EPFO interest rate for 2017-18 at 5-yr-low of 8.55%; FinMin clears proposal

EPFO interest rate for 2017-18 at 5-yr-low of 8.55%; FinMin clears proposal With rates of all small savings schemes, including the Public Provident Fund, going down in the past year, EPFO’s return of 8.55 per cent is still the best rate The finance ministry on Thursday approved for 2017-18 an interest rate of 8.55 per […]

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