Banks under taxman scanner for GST refund on ATM transactions

Banks under taxman scanner for GST refund on ATM transactions The indirect tax department’s investigation arm is scrutinising the GST credit availed by banks on taxes paid by their ATM vendors and could soon ask banks to cut the credit availed by them, two people with direct knowledge of the matter said. The taxmen are […]

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Falling rupee to take FY19 trade deficit to 4-year high of 6.4 percent: Report

Falling rupee to take FY19 trade deficit to 4-year high of 6.4 percent: Report Continuing fall in the rupee will push trade deficit up to a four-year high of USD 178.1 billion or 6.4 per cent of GDP this fiscal year, says a report. “Trade deficit will widen to a four-year high of 6.4 per […]

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Panel interviews 9 for RBI Deputy Governor’s post

Panel interviews 9 for RBI Deputy Governor’s post The Cabinet Secretary-headed panel today interviewed three senior bureaucrats and six bankers for the post of RBI Deputy Governor which fell vacant in July last after S S Mundra retired on completion of his three-year term. Some of the bankers who appeared for the interview included IDBI […]

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