Business

To keep a tab on businesses that have not passed on to consumers the benefit of lower tax rates under the GST regime, the GST Council had approved setting up of a five-member National Anti-Profiteering Authority.

CMS Info Systems, which provides cash management services, said the public issue is aimed at achieving the benefits of listing on stock exchanges.

The Central Board of Direct Taxes (CBDT), that makes policy decisions for the I-T department, has directed the taxman to undertake "focused efforts to significantly increase the tax base in the current financial year of 2017-18."

Subramanian, a Senior Fellow at the Peterson Institute for International Economics, was appointed India's Chief Economic Adviser (CEA) in October 2014.

In three separate orders passed on September 21, the Securities and Exchange Board of India said the regulator, prima facie, found evidence on misrepresentation by several companies and strong suspicion of misuse of books/funds by them.

The association estimated production to fall to 129.5 million tonnes this year against 138.5 million tonnes in the same season of 2016-17.

The Chapter 11 filing is among the largest ever by a specialty retailer and casts doubt over the future of its about 1,600 stores and 64,000 employees.

Singh said demonetisation and the hasty implementation of the Goods and Services Tax (GST) have impacted informal and small scale sectors, which account of about 40 percent of the USD 2.5-trillion economy.

Chowdary said he had discussions with tax authorities on how to conduct the exercise as the number of transactions involving cash deposits for the country as a whole is very huge.

According to a Kotak Institutional Equities report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018

The current account deficit widened to 2.4 percent of gross domestic product, or $14.3 billion, as imports pushed the trade deficit to $41.2 billion from $23.8 billion in the same period a year ago.

SBI has released a notification for the recruitment of 41 Specialist Cadre Officer Vacancies out of which 40 vacancies are for the post of Deputy Manager (Law) and 1 post for Deputy General Manager (Law).

An analysis by Factly.in, a website that makes public data meaningful, indicates that prices of petrol and diesel would be lower than what they are currently, even if they were taxed at the highest slab of 28%.

The 30-share Sensex was up 155.78 points, or 0.48 per cent, higher at 32,037.94 with sectoral indices led by metal, realty, consumer durables, FMCG and capital goods stocks trading in the positive zone.

The Goods and Services Tax (GST) Council, at its 21st meeting in Hyderabad on Saturday, also decided to reduce levy on computer monitors of up to 20 inches, cotton quilts, rubber bands and kitchen gas lighters.

The 30-share index rebounded by 78.72 points, or 0.24 per cent, to 31,780.97. The NSE Nifty also moved up by 23.85 points, or 0.24 per cent, to quote at 9,936.70.