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Shiv Sena's Sawant quits Cabinet as party aims at deal with Congress, NCP for Ma

New Delhi, Nov. 11 -- The sole member of Shiv Sena in the union council of ministers, Arvind Swant, resigned from the post of Union minister of Heavy Industries and Public Enterprises on Monday, indic... Read More


outlook cut may prove costly for lenders

New Delhi, Nov. 9 -- Moody's Investors Service's revision of the outlook for key Indian banks and financial institutions from stable to negative on Friday could make it dearer for them to borrow on in... Read More


As Moody's downgrades key financial institutions, will borrowing costs go up?

New Delhi, Nov. 8 -- Moody's Investors Service's revision of outlook for key Indian banks and financial institutions from stable to negative on Friday could harden the borrowing costs for them in inte... Read More


GST collections fall 5.3% in Oct to '95,380 cr

New Delhi, Nov. 8 -- Goods and services tax (GST) collections by the central and state governments fell 5.3% year-on-year to '95,380 crore in October, but saw a 3.8% improvement over September collect... Read More


Manufacturing growth in Oct at two-year low

New Delhi, Nov. 8 -- India's manufacturing output grew at its slowest pace in two years in October, indicating continued weakness in industrial activity in Asia's third-largest economy, according to a... Read More


Finance ministry looks to widen tax base in FY21 budget

New Delhi, Nov. 8 -- The finance ministry is examining ways to widen the tax base in the FY21 Union Budget by plugging loopholes in the law, especially in areas of tax exemptions and concessional tax ... Read More


Document validation compulsory for search authorisation, arrests: Revenue Secretary

New Delhi, Nov. 7 -- A system of validating all important communication from indirect tax officials to assessees with a computer-generated number from Friday will cover enforcement action like searche... Read More


NBFCs, HFCs may be brought under bankruptcy code

New Delhi, Nov. 7 -- The government is examining the feasibility of bringing certain types of non-bank lenders and housing financiers under the Insolvency and Bankruptcy Code (IBC) to enable rescue of... Read More


'The mindset of opposing reforms needs to change'

New Delhi, Nov. 6 -- A high-level panel appointed by the commerce ministry has recommended sweeping reforms including in manufacturing, the financial services sector, and agriculture. The panel led by... Read More


India's services sector output contracts for second straight month in October

New Delhi, Nov. 5 -- Services activity, which accounts for more than half of India's $2.7 trillion economy, contracted for the second time in October, though at a slower pace than what was witnessed i... Read More