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    Post-GST, you save Rs 320 on monthly spend of Rs 8,400

    Post-GST, you save Rs 320 on monthly spend of Rs 8,400


    An analysis of household expenditure pre- and post-GST rollout shows tax rates have come down on 83 items — including food and beverages, and daily use goods like hair oil, toothpaste, soap and detergent. On a monthly spending of Rs 8,400 on these, the...

    An analysis of household expenditure pre- and post-GST rollout shows tax rates have come down on 83 items — including food and beverages, and daily use goods like hair oil, toothpaste, soap and detergent. On a monthly spending of Rs 8,400 on these, the tax paid under GST is Rs 510. This, compared to the Rs 830 in tax previously, results in a saving of Rs 320.
    Pricing policy that makes airlines lose too much money is a problem: IATA chief

    Pricing policy that makes airlines lose too much money is a problem: IATA chief


    India is the world's fastest growing domestic aviation market and has registered double-digit passenger growth for 50 straight months in October. However, the local carriers are grappling with financial headwinds at...

    India is the world's fastest growing domestic aviation market and has registered double-digit passenger growth for 50 straight months in October. However, the local carriers are grappling with financial headwinds at present.
    Swiss bank accounts: ED seizes Rs 10.28 crore assets of ex-MD of Emaar MGF

    Swiss bank accounts: ED seizes Rs 10.28 crore assets of ex-MD of Emaar MGF


    ED said on Saturday it has seized assets worth Rs 10.28 crore of Shravan Gupta, former MD of realty major Emaar MGF, in connection with its FEMA probe in the HSBC black money list unearthed a few years ago. The ED said it has seized an agricultural land...

    ED said on Saturday it has seized assets worth Rs 10.28 crore of Shravan Gupta, former MD of realty major Emaar MGF, in connection with its FEMA probe in the HSBC black money list unearthed a few years ago. The ED said it has seized an agricultural land worth over Rs 10.27 crore in Delhi's Bijwasan area as an equivalent amount of the asset held abroad.
    Infosys to divest stake in CloudEndure for $15.3 million

    Infosys to divest stake in CloudEndure for $15.3 million


    IT giant Infosys on Satuday said it has inked a pact to divest its shares in Israeli startup CloudEndure Limited for a total consideration of around $15.3 million (about Rs 110...

    IT giant Infosys on Satuday said it has inked a pact to divest its shares in Israeli startup CloudEndure Limited for a total consideration of around $15.3 million (about Rs 110 crore).
    Petrol price marginally up, cost of diesel declines

    Petrol price marginally up, cost of diesel declines


    Prices in the other key cities of Kolkata, Mumbai and Chennai on Saturday were Rs 72.43, Rs 75.96, Rs 72.99 per litre, respectively, up from the previous levels of Rs 70.29, Rs 72.38 and Rs 72.94 per...

    Prices in the other key cities of Kolkata, Mumbai and Chennai on Saturday were Rs 72.43, Rs 75.96, Rs 72.99 per litre, respectively, up from the previous levels of Rs 70.29, Rs 72.38 and Rs 72.94 per litre.
    Govt will stick to fiscal target this year: Arun Jaitley

    Govt will stick to fiscal target this year: Arun Jaitley


    Arun Jaitley said oil prices have a direct impact on India, since the country is a major importer. India, he said, has a particular resistance capacity to deal with rising crude oil prices and when it breaches the limit, it can impact inflation, currency...

    Arun Jaitley said oil prices have a direct impact on India, since the country is a major importer. India, he said, has a particular resistance capacity to deal with rising crude oil prices and when it breaches the limit, it can impact inflation, currency and the current account deficit (CAD).
    In more troubles for cash-starved Jet Airways, SBI orders forensic audit by EY

    In more troubles for cash-starved Jet Airways, SBI orders forensic audit by EY


    The State Bank, which is the lead banker to the airlines' over Rs 8,000 crore loans, has mandated EY to conduct the forensic audit of its books, which has already began the process, the sources...

    The State Bank, which is the lead banker to the airlines' over Rs 8,000 crore loans, has mandated EY to conduct the forensic audit of its books, which has already began the process, the sources added.
    Rupee skids 22 paise to 71.90 against US dollar

    Rupee skids 22 paise to 71.90 against US dollar


    Forex traders said the rupee came under pressure following strengthening of the dollar against major currencies overseas, while caution prevailed amid the RBI's central board meeting under new Governor Shaktikanta...

    Forex traders said the rupee came under pressure following strengthening of the dollar against major currencies overseas, while caution prevailed amid the RBI's central board meeting under new Governor Shaktikanta Das.
    WPI inflation falls to 4.64% in November on easing food, petro prices

    WPI inflation falls to 4.64% in November on easing food, petro prices


    Food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in October, government data released Friday showed. Vegetables, too, became cheaper with deflation at 26.98 per cent in November, compared to...

    Food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in October, government data released Friday showed. Vegetables, too, became cheaper with deflation at 26.98 per cent in November, compared to 18.65 per cent in the previous month.
    PSU banks do not have any plan to close ATMs: Govt

    PSU banks do not have any plan to close ATMs: Govt


    The statement assumes significance amidst a report by the Confederation of ATM industry (CATMi) warning that nearly half of the 2.38 lakh machines run the risk of closing down by March next year due to regulatory compliance changes making the business...

    The statement assumes significance amidst a report by the Confederation of ATM industry (CATMi) warning that nearly half of the 2.38 lakh machines run the risk of closing down by March next year due to regulatory compliance changes making the business unviable due to rising costs and dipping or stagnant revenues.
    Govt doesn't comment on views of ex-RBI chiefs on demonetisation: Jaitley

    Govt doesn't comment on views of ex-RBI chiefs on demonetisation: Jaitley


    "The government does not comment on the views and opinions of former RBI governors and economists on demonetisation and GST expressed before media/private agency etc," Jaitley said in a written reply to the...

    "The government does not comment on the views and opinions of former RBI governors and economists on demonetisation and GST expressed before media/private agency etc," Jaitley said in a written reply to the House.
    WPI inflation falls to 4.64% in November on softening food prices

    WPI inflation falls to 4.64% in November on softening food prices


    According to the government data released on Friday, food articles witnessed softening of prices with deflation at 3.31% in November, against 1.49% in October. Vegetables, too, became cheaper with deflation at 26.98% in November, compared to 18.65% in...

    According to the government data released on Friday, food articles witnessed softening of prices with deflation at 3.31% in November, against 1.49% in October. Vegetables, too, became cheaper with deflation at 26.98% in November, compared to 18.65% in the previous month. The WPI-based inflation stood was 5.28% in October and 4.02% in November last year.
    Anil Ambani welcomes SC order on Rafale

    Anil Ambani welcomes SC order on Rafale


    "I welcome the judgment of the Hon'ble Supreme Court today summarily dismissing all PILs filed on the Rafale contracts, and conclusively establishing the complete falsity of the wild, baseless and politically motivated allegations levelled against...

    "I welcome the judgment of the Hon'ble Supreme Court today summarily dismissing all PILs filed on the Rafale contracts, and conclusively establishing the complete falsity of the wild, baseless and politically motivated allegations levelled against Reliance Group and me personally," Ambani said in a statement following the SC verdict on the Rafale defence deal.