IMF maintains India’s FY19 growth at 7.4%; cautions govt on fiscal deficit

IMF maintains India’s FY19 growth at 7.4%; cautions govt on fiscal deficit Projected to overtake China to be fastest-growing large economy again The International Monetary Fund (IMF) has maintained its forecast for India’s economic growth at 7.4% in 2018-19, which will again make the country the fastest-growing large economy after losing this tag to China […]

Continue Reading

Provisional credit issue a hurdle to simplifying GST; Council to take call

Provisional credit issue a hurdle to simplifying GST; Council to take call Council to take a call now; six more states to roll out intra-state e-way bill A goods and services tax (GST) ministerial panel on Tuesday failed to arrive at a consensus on simplified GST returns due to divergent views on provisional input tax […]

Continue Reading

ATMs running dry in many states: Govt, RBI step in to get cash flowing

ATMs running dry in many states: Govt, RBI step in to get cash flowing PMO takes stock of situation; printing of Rs 500 notes to be increased five-fold; central bank to move currency to affected areas The government and the Reserve Bank of India (RBI) have swung into action to address currency shortages in half […]

Continue Reading

ITR-1 form for AY18-19 now available for e-filing: Income Tax dep

ITR-1 form for AY18-19 now available for e-filing: Income Tax dept All the seven ITR forms are to be filed electronically except for some category of taxpayers The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official […]

Continue Reading

Data storage norm splits digital payments industry

Data storage norm splits digital payments industry India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest […]

Continue Reading