Delhi HC stays fine on HUL for GST profiteering
On the plea by Hindustan Unilever Ltd (HUL) against the order given by the National Anti-profiteering Authority (NAA), the Delhi High Court has stayed the fine imposed on HUL.

Why the HUL has sought a review?

The HUL has soug More..

Infosys to develop advance Tax filing System
The Union government has approved Integrated E-filing and Centralised Processing Center 2.0 Project of the Income Tax Department to enhance the efficiency of income tax administration system in the country.

Integrated E-filing and Centrali More..

Government approves Capital Infusion to the Exim Bank
The Union Cabinet headed by Prime Minister Narendra Modi has approved a capital infusion of Rs 6,000 crore in state-owned Export-Import Bank of India (Exim) to expand its business.

How the capital infusion would be made?

Key facts More..

GST ministerial panel on lotteries
The Central government has constituted GST ministerial panel on lotteries. The ministerial panel will study the current GST provisions related to lotteries.

The panel will look into the current system under GST wherein a state-organise More..

PSU banks to bring down govt equity to 52%
The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s holding beyond 75 per cent.

Why the disinvestment?

The deci More..

Relaxation of Norms under PCA Framework
It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks.

Prompt Corrective Action (PCA) Framework

Prompt Correc More..

GoM on GST revenue shortfall faced by states
The GST Council has decided to set up a seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections.

The committee would be headed by Deputy Chief More..

RBI cautions on NPAs due to MUDRA Loans
The Reserve Bank of India (RBI) has voiced concern on the spike in non-performing assets (NPAs) under the government’s flagship scheme Pradhan Mantri Mudra Yojana to support micro-enterprises in the country.

Disbursements under Pradhan Man More..

Sovereign gold bonds on sale between Jan 14-18: Govt
The government has decided to issue new series of sovereign gold bonds between January 14 and January 18 at Rs 3,214 per gram and those who subscribe to the bonds online will get a discount of Rs 50 per gram.

Sovereign gold bond More..

Index of Industrial Production of November: Key Facts
The Index of Industrial Production for the month of November has been released by the Central Statistical Office, under the Ministry of Statistics and Programme Implementation.

The Index of Industrial Production (IIP) provides details More..

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