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PM Modi's cashflow woes just got more bearable thanks to RBI switch

Finance ministry officials estimate the RBI has at least Rs 3.6 lakh crore more capital than it needs, which they say can be used to help bolster the banks.

Total government liabilities rise to Rs 82 lakh crore

Public debt accounted for 89.3 per cent of total outstanding liabilities at end-September 2018 with the share of internal debt being 82.9 per cent.

Government may skip large farm loan waiver ahead of 2019 polls:Report

The report comes days after a group of economists including former RBI governor Raghuram Rajan, pitched for doing away with farm loan waivers.

GST helped you save Rs 320 per month: Analysis

GST not just made India one market, it also did away with tax-on-tax prevalent in the previous system.

DEA Secy for reducing public debt over next 4-5 years

Rating agencies have raised concerns over the level of public debt and refrained from upgrading the sovereign rating of the country.

Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds

IL&FS has set a base price of a little less than Rs 9 crore for these vehicles.

PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC deal

It is not expected to raise funds through issue of shares this year as the borrowings along with internal resources and several other steps will enable the firm to fund the Rs 14,000 crore buyout as well as manage the capitalisation issue.

Companies vanishing act on GST invites taxmen

Taxmen are considering putting in place an extensive plan to hunt for missing GST taxpayers.

Doing biz with govt: TDS system helps taxmen detect Rs 10 crore GST evasion in Karnataka

Commercial Taxes Commissioner M.S.Srikar, in a press release, said these registered dealers owe about Rs 10 crore in taxes.

GST evasion worth Rs 12,000 crore detected between April-November

Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.

Direct tax collections rise 15.7% YoY for April-November period

Direct tax collections rise 15.7% YoY for April-November period

Collections added to Rs 6.75 lakh crore while refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8% higher than refunds issued during the same period last year.

Study throws light on rising wealth & consumption inequality in India

Study throws light on rising wealth & consumption inequality in India

The gap between the forward and other castes is becoming wider over the years, according to a World Inequality Database study.

Why is RBI reluctant to share Reserves?: Arvind Subramanian On Using Up Surplus

Why is RBI reluctant to share Reserves?: Arvind Subramanian On Using Up Surplus

Arvind Subramanian says that deploying capital is a decision for the RBI to take which it must do "voluntarily and proactively without even the whiff of interference from outside". Listen in to his candid interview as he sat down with our Executive Editor Supriya Shrinate for a free-wheeling chat.

Will facilitate global funds looking to invest in India: Suresh Prabhu

Will facilitate global funds looking to invest in India: Suresh Prabhu

The minister has held multiple meetings with several global sovereign wealth funds, insurance funds and pension funds from various countries to attract investments in India.

Citing IL&FS mess, Arvind Subramanian calls for AQR on all NBFCs

Citing IL&FS mess, Arvind Subramanian calls for AQR on all NBFCs

Stressing on the need for the Reserve Bank to function in an autonomous way, he also hit out at the recent "politicisation" of the issue, saying it is detrimental to the country's interests.

Number of income tax payers can double to 12 crore: Arun Jaitley

Number of income tax payers can double to 12 crore: Arun Jaitley

India's normal rate of growth is 7.5-8 per cent and the country will continue to grow at this rate, despite some deviation in one or two quarters, Jaitley said.

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